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 | Presidential Bank, FSB | Virginia Federal Credit |
|---|---|---|
| Total Applications | 3,137 | 4,376 ▲ |
| Loans Originated | 2,530 | 2,825 |
| Approval Rate (higher is better) | 80.7% ✓ | 64.6% |
| Denial Rate (lower is better) | 3.6% ✓ | 20.8% |
| Avg Loan Amount | $367,247 | $171,328 |
| Avg Interest Rate (lower is better) | 6.628% ✓ | 7.459% |
| Avg Applicant Income | $39,000 | $36,000 |
| Applications Denied | 113 | 912 |
| Applications Withdrawn | 444 | 522 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Presidential Bank, FSB | Virginia Federal Credit |
|---|---|---|
| Conventional | 1,729 (55.1%) | 4,027 (92.0%) |
| FHA | 738 (23.5%) | 284 (6.5%) |
| VA | 626 (20.0%) | 56 (1.3%) |
| USDA | 44 (1.4%) | 9 (0.2%) |
Loan Purpose Breakdown
| Purpose | Presidential Bank, FSB | Virginia Federal Credit |
|---|---|---|
| Home Purchase | 2,831 | 1,018 |
| Cash-out Refinancing | 178 | 681 |
| Refinancing | 126 | 182 |
| Home Improvement | 1 | 1,448 |
| Other | 1 | 1,043 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Virginia | 2,825 | #12 |
Summary
- 3,137 total applications · 2,530 originated
- Approval rate: 80.7%
- Denial rate: 3.6%
- Avg loan: $367,247
- Avg rate: 6.628%
- HQ: Bethesda, MD
- 4,376 total applications · 2,825 originated
- Approval rate: 64.6%
- Denial rate: 20.8%
- Avg loan: $171,328
- Avg rate: 7.459%
- HQ: Richmond, VA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.