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 - | Bay Equity LLC |
|---|---|---|
| Total Applications | 357 | 14,943 ▲ |
| Loans Originated | 276 | 9,751 |
| Approval Rate (higher is better) | 77.3% ✓ | 65.3% |
| Denial Rate (lower is better) | 9.0% | 3.4% ✓ |
| Avg Loan Amount | $226,793 | $426,111 |
| Avg Interest Rate (lower is better) | 6.872% | 6.596% ✓ |
| Avg Applicant Income | $34,000 | $39,000 |
| Applications Denied | 32 | 501 |
| Applications Withdrawn | 46 | 3,592 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Pinnacle Bank - | Bay Equity LLC |
|---|---|---|
| Conventional | 289 (81.0%) | 11,408 (76.3%) |
| FHA | 31 (8.7%) | 2,369 (15.9%) |
| VA | 18 (5.0%) | 1,121 (7.5%) |
| USDA | 19 (5.3%) | 45 (0.3%) |
Loan Purpose Breakdown
| Purpose | Pinnacle Bank - | Bay Equity LLC |
|---|---|---|
| Home Purchase | 264 | 14,073 |
| Refinancing | 42 | 361 |
| Other | 21 | 4 |
| Home Improvement | 20 | — |
| Cash-out Refinancing | 10 | 505 |
Top States by Loan Volume
Summary
- 357 total applications · 276 originated
- Approval rate: 77.3%
- Denial rate: 9.0%
- Avg loan: $226,793
- Avg rate: 6.872%
- HQ: Cody, WY
- 14,943 total applications · 9,751 originated
- Approval rate: 65.3%
- Denial rate: 3.4%
- Avg loan: $426,111
- Avg rate: 6.596%
- HQ: Corte Madera, CA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.