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 National Bank, | Farmers State Bank |
|---|---|---|
| Total Applications | 581 ▲ | 179 |
| Loans Originated | 454 | 153 |
| Approval Rate (higher is better) | 78.1% | 85.5% ✓ |
| Denial Rate (lower is better) | 8.9% | 4.5% ✓ |
| Avg Loan Amount | $184,312 | $135,447 |
| Avg Interest Rate (lower is better) | 7.087% | N/A |
| Avg Applicant Income | $34,000 | N/A |
| Applications Denied | 52 | 8 |
| Applications Withdrawn | 64 | 1 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Peoples National Bank, | Farmers State Bank |
|---|---|---|
| Conventional | 544 (93.6%) | 177 (98.9%) |
| FHA | 7 (1.2%) | — |
| VA | 2 (0.3%) | 1 (0.6%) |
| USDA | 28 (4.8%) | 1 (0.6%) |
Loan Purpose Breakdown
| Purpose | Peoples National Bank, | Farmers State Bank |
|---|---|---|
| Home Purchase | 463 | 97 |
| Refinancing | 44 | 38 |
| Cash-out Refinancing | 39 | 3 |
| Other | 18 | 28 |
| Home Improvement | 17 | 13 |
Summary
- 581 total applications · 454 originated
- Approval rate: 78.1%
- Denial rate: 8.9%
- Avg loan: $184,312
- Avg rate: 7.087%
- HQ: Mount Vernon, IL
- 179 total applications · 153 originated
- Approval rate: 85.5%
- Denial rate: 4.5%
- Avg loan: $135,447
- HQ: Harrisburg, IL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.