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 | Pinnacle Bank | MAGNOLIA BANK |
|---|---|---|
| Total Applications | 860 | 5,338 ▲ |
| Loans Originated | 560 | 4,002 |
| Approval Rate (higher is better) | 65.1% | 75.0% ✓ |
| Denial Rate (lower is better) | 14.8% | 7.8% ✓ |
| Avg Loan Amount | $252,012 | $301,920 |
| Avg Interest Rate (lower is better) | N/A | 6.410% |
| Avg Applicant Income | N/A | $39,000 |
| Applications Denied | 127 | 417 |
| Applications Withdrawn | 127 | 792 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Pinnacle Bank | MAGNOLIA BANK |
|---|---|---|
| Conventional | 793 (92.2%) | 2,308 (43.2%) |
| FHA | 46 (5.3%) | 907 (17.0%) |
| VA | 16 (1.9%) | 1,807 (33.9%) |
| USDA | 5 (0.6%) | 316 (5.9%) |
Loan Purpose Breakdown
| Purpose | Pinnacle Bank | MAGNOLIA BANK |
|---|---|---|
| Home Purchase | 294 | 3,073 |
| Refinancing | 215 | 374 |
| Home Improvement | 177 | 72 |
| Other | 116 | 99 |
| Cash-out Refinancing | 58 | 1,720 |
Summary
- 860 total applications · 560 originated
- Approval rate: 65.1%
- Denial rate: 14.8%
- Avg loan: $252,012
- HQ: Elberton, GA
- 5,338 total applications · 4,002 originated
- Approval rate: 75.0%
- Denial rate: 7.8%
- Avg loan: $301,920
- Avg rate: 6.410%
- HQ: Elizabethtown, KY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.