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 State Bank | FORESIGHT BANK |
|---|---|---|
| Total Applications | 215 ▲ | 153 |
| Loans Originated | 200 | 132 |
| Approval Rate (higher is better) | 93.0% ✓ | 86.3% |
| Denial Rate (lower is better) | 3.3% ✓ | 3.9% |
| Avg Loan Amount | $192,023 | $343,431 |
| Avg Interest Rate (lower is better) | N/A | N/A |
| Applications Denied | 7 | 6 |
| Applications Withdrawn | 0 | 3 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Peoples State Bank | FORESIGHT BANK |
|---|---|---|
| Conventional | 212 (98.6%) | 153 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | 3 (1.4%) | — |
Loan Purpose Breakdown
| Purpose | Peoples State Bank | FORESIGHT BANK |
|---|---|---|
| Home Purchase | 116 | 119 |
| Refinancing | 35 | 28 |
| Other | 34 | — |
| Home Improvement | 25 | 6 |
| Cash-out Refinancing | 5 | — |
Summary
- 215 total applications · 200 originated
- Approval rate: 93.0%
- Denial rate: 3.3%
- Avg loan: $192,023
- HQ: Plainview, MN
- 153 total applications · 132 originated
- Approval rate: 86.3%
- Denial rate: 3.9%
- Avg loan: $343,431
- HQ: PLAINVIEW, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.