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 | Patriot FCU | Farmers and Merchants |
|---|---|---|
| Total Applications | 1,165 ▲ | 948 |
| Loans Originated | 721 | 674 |
| Approval Rate (higher is better) | 61.9% | 71.1% ✓ |
| Denial Rate (lower is better) | 25.7% | 13.8% ✓ |
| Avg Loan Amount | $99,464 | $257,985 |
| Avg Interest Rate (lower is better) | 6.089% ✓ | 6.522% |
| Avg Applicant Income | $32,000 | $34,000 |
| Applications Denied | 299 | 131 |
| Applications Withdrawn | 89 | 124 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Patriot FCU | Farmers and Merchants |
|---|---|---|
| Conventional | 1,156 (99.2%) | 910 (96.0%) |
| FHA | 5 (0.4%) | 23 (2.4%) |
| VA | 3 (0.3%) | 9 (0.9%) |
| USDA | 1 (0.1%) | 6 (0.6%) |
Loan Purpose Breakdown
| Purpose | Patriot FCU | Farmers and Merchants |
|---|---|---|
| Home Improvement | 457 | 143 |
| Other | 303 | 130 |
| Refinancing | 203 | 156 |
| Home Purchase | 195 | 501 |
| Cash-out Refinancing | 7 | 18 |
Summary
- 1,165 total applications · 721 originated
- Approval rate: 61.9%
- Denial rate: 25.7%
- Avg loan: $99,464
- Avg rate: 6.089%
- HQ: CHAMBERSBURG, PA
- 948 total applications · 674 originated
- Approval rate: 71.1%
- Denial rate: 13.8%
- Avg loan: $257,985
- Avg rate: 6.522%
- HQ: Chambersburg, PA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.