Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | PARK VIEW FEDERAL | FARMERS & MERCHANTS |
|---|---|---|
| Total Applications | 323 | 498 ▲ |
| Loans Originated | 281 | 363 |
| Approval Rate (higher is better) | 87.0% ✓ | 72.9% |
| Denial Rate (lower is better) | 1.9% ✓ | 4.2% |
| Avg Loan Amount | $200,015 | $284,036 |
| Avg Interest Rate (lower is better) | 7.789% | 6.984% ✓ |
| Avg Applicant Income | $32,000 | $36,000 |
| Applications Denied | 6 | 21 |
| Applications Withdrawn | 26 | 108 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | PARK VIEW FEDERAL | FARMERS & MERCHANTS |
|---|---|---|
| Conventional | 319 (98.8%) | 420 (84.3%) |
| FHA | 3 (0.9%) | 62 (12.4%) |
| VA | — | 11 (2.2%) |
| USDA | 1 (0.3%) | 5 (1.0%) |
Loan Purpose Breakdown
| Purpose | PARK VIEW FEDERAL | FARMERS & MERCHANTS |
|---|---|---|
| Home Purchase | 104 | 424 |
| Cash-out Refinancing | 92 | 28 |
| Other | 73 | 5 |
| Refinancing | 49 | 27 |
| Home Improvement | 5 | 13 |
Summary
- 323 total applications · 281 originated
- Approval rate: 87.0%
- Denial rate: 1.9%
- Avg loan: $200,015
- Avg rate: 7.789%
- HQ: HARRISONBURG, VA
- 498 total applications · 363 originated
- Approval rate: 72.9%
- Denial rate: 4.2%
- Avg loan: $284,036
- Avg rate: 6.984%
- HQ: Timberville, VA
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.