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 | Plains Commerce Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Total Applications | 23,164 ▲ | 5,902 |
| Loans Originated | 13,605 | 4,311 |
| Approval Rate (higher is better) | 58.7% | 73.0% ✓ |
| Denial Rate (lower is better) | 3.1% ✓ | 10.4% |
| Avg Loan Amount | $337,551 | $381,886 |
| Avg Interest Rate (lower is better) | 6.501% ✓ | 7.103% |
| Avg Applicant Income | $40,000 | $33,000 |
| Applications Denied | 722 | 616 |
| Applications Withdrawn | 8,747 | 876 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Plains Commerce Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Conventional | 14,700 (63.5%) | 5,902 (100.0%) |
| FHA | 6,299 (27.2%) | — |
| VA | 1,951 (8.4%) | — |
| USDA | 214 (0.9%) | — |
Loan Purpose Breakdown
| Purpose | Plains Commerce Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Home Purchase | 20,129 | 4,773 |
| Refinancing | 1,262 | 602 |
| Cash-out Refinancing | 1,209 | — |
| Other | 357 | 183 |
| Home Improvement | 207 | 344 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 1,903 | #1 |
No state data available.
Summary
- 23,164 total applications · 13,605 originated
- Approval rate: 58.7%
- Denial rate: 3.1%
- Avg loan: $337,551
- Avg rate: 6.501%
- HQ: Hoven, SD
- 5,902 total applications · 4,311 originated
- Approval rate: 73.0%
- Denial rate: 10.4%
- Avg loan: $381,886
- Avg rate: 7.103%
- HQ: LOUISVILLE, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.