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 | Raymond James Bank | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Total Applications | 2,074 | 252,504 ▲ |
| Loans Originated | 1,363 | 57,345 |
| Approval Rate (higher is better) | 65.7% ✓ | 22.7% |
| Denial Rate (lower is better) | 7.5% | 4.9% ✓ |
| Avg Loan Amount | $975,338 | $370,000 |
| Avg Interest Rate (lower is better) | 5.909% ✓ | 6.206% |
| Avg Applicant Income | $33,000 | $40,000 |
| Applications Denied | 156 | 12,324 |
| Applications Withdrawn | 215 | 25,081 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Raymond James Bank | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Conventional | 2,070 (99.8%) | 30,933 (12.3%) |
| FHA | 4 (0.2%) | 122,934 (48.7%) |
| VA | — | 97,642 (38.7%) |
| USDA | — | 995 (0.4%) |
Loan Purpose Breakdown
| Purpose | Raymond James Bank | FREEDOM MORTGAGE CORPORATION |
|---|---|---|
| Home Purchase | 1,498 | 137,878 |
| Other | 379 | 302 |
| Refinancing | 108 | 50,662 |
| Cash-out Refinancing | 71 | 63,662 |
| Home Improvement | 18 | — |
Top States by Loan Volume
Summary
- 2,074 total applications · 1,363 originated
- Approval rate: 65.7%
- Denial rate: 7.5%
- Avg loan: $975,338
- Avg rate: 5.909%
- HQ: St. Petersburg, FL
- 252,504 total applications · 57,345 originated
- Approval rate: 22.7%
- Denial rate: 4.9%
- Avg loan: $370,000
- Avg rate: 6.206%
- HQ: BOCA RATON, FL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.