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 | PREMIER BANK | The Farmers & |
|---|---|---|
| Total Applications | 4,031 ▲ | 1,673 |
| Loans Originated | 2,769 | 896 |
| Approval Rate (higher is better) | 68.7% ✓ | 53.6% |
| Denial Rate (lower is better) | 22.4% | 11.2% ✓ |
| Avg Loan Amount | $178,252 | $164,486 |
| Avg Interest Rate (lower is better) | 7.585% ✓ | 7.814% |
| Avg Applicant Income | $34,000 | $35,000 |
| Applications Denied | 905 | 187 |
| Applications Withdrawn | 315 | 118 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | PREMIER BANK | The Farmers & |
|---|---|---|
| Conventional | 3,927 (97.4%) | 1,673 (100.0%) |
| FHA | 84 (2.1%) | — |
| VA | 14 (0.3%) | — |
| USDA | 6 (0.1%) | — |
Loan Purpose Breakdown
| Purpose | PREMIER BANK | The Farmers & |
|---|---|---|
| Home Purchase | 1,662 | 876 |
| Home Improvement | 1,310 | 100 |
| Refinancing | 724 | 44 |
| Other | 232 | 395 |
| Cash-out Refinancing | 103 | 258 |
Summary
- 4,031 total applications · 2,769 originated
- Approval rate: 68.7%
- Denial rate: 22.4%
- Avg loan: $178,252
- Avg rate: 7.585%
- HQ: YOUNGSTOWN, OH
- 1,673 total applications · 896 originated
- Approval rate: 53.6%
- Denial rate: 11.2%
- Avg loan: $164,486
- Avg rate: 7.814%
- HQ: Archbold, OH
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.