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 | Peoples Bank of | Y 12 FEDERAL |
|---|---|---|
| Total Applications | 255 | 1,805 ▲ |
| Loans Originated | 251 | 1,252 |
| Approval Rate (higher is better) | 98.4% ✓ | 69.4% |
| Denial Rate (lower is better) | 0.8% ✓ | 18.9% |
| Avg Loan Amount | $186,137 | $137,355 |
| Avg Interest Rate (lower is better) | N/A | 8.174% |
| Avg Applicant Income | N/A | $37,000 |
| Applications Denied | 2 | 342 |
| Applications Withdrawn | 1 | 125 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Peoples Bank of | Y 12 FEDERAL |
|---|---|---|
| Conventional | 255 (100.0%) | 1,799 (99.7%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | 6 (0.3%) |
Loan Purpose Breakdown
| Purpose | Peoples Bank of | Y 12 FEDERAL |
|---|---|---|
| Refinancing | 146 | 27 |
| Home Purchase | 59 | 327 |
| Home Improvement | 20 | 540 |
| Other | 15 | 476 |
| Cash-out Refinancing | 15 | 435 |
Summary
- 255 total applications · 251 originated
- Approval rate: 98.4%
- Denial rate: 0.8%
- Avg loan: $186,137
- HQ: LaFollette, TN
- 1,805 total applications · 1,252 originated
- Approval rate: 69.4%
- Denial rate: 18.9%
- Avg loan: $137,355
- Avg rate: 8.174%
- HQ: OAK RIDGE, TN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.