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 | RED CANOE CREDIT | Coastal Community Bank |
|---|---|---|
| Total Applications | 831 | 64,233 ▲ |
| Loans Originated | 477 | 15,099 |
| Approval Rate (higher is better) | 57.4% ✓ | 23.5% |
| Denial Rate (lower is better) | 11.9% | 1.6% ✓ |
| Avg Loan Amount | $152,581 | $70,082 |
| Avg Interest Rate (lower is better) | 7.931% ✓ | 12.093% |
| Avg Applicant Income | $37,000 | $38,000 |
| Applications Denied | 99 | 1,039 |
| Applications Withdrawn | 156 | 3,270 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | RED CANOE CREDIT | Coastal Community Bank |
|---|---|---|
| Conventional | 831 (100.0%) | 64,233 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | RED CANOE CREDIT | Coastal Community Bank |
|---|---|---|
| Refinancing | 513 | 4 |
| Home Improvement | 142 | 23,462 |
| Cash-out Refinancing | 127 | 2,442 |
| Home Purchase | 45 | 25 |
| Other | 4 | 38,300 |
Summary
- 831 total applications · 477 originated
- Approval rate: 57.4%
- Denial rate: 11.9%
- Avg loan: $152,581
- Avg rate: 7.931%
- HQ: LONGVIEW, WA
- 64,233 total applications · 15,099 originated
- Approval rate: 23.5%
- Denial rate: 1.6%
- Avg loan: $70,082
- Avg rate: 12.093%
- HQ: Everett, WA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.