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 | REDSTONE FEDERAL CREDIT | REGIONS BANK |
|---|---|---|
| Total Applications | 5,601 | 70,436 ▲ |
| Loans Originated | 3,166 | 29,337 |
| Approval Rate (higher is better) | 56.5% ✓ | 41.7% |
| Denial Rate (lower is better) | 21.9% ✓ | 39.6% |
| Avg Loan Amount | $145,734 | $210,253 |
| Avg Interest Rate (lower is better) | 8.599% | 7.638% ✓ |
| Avg Applicant Income | $35,000 | $36,000 |
| Applications Denied | 1,226 | 27,880 |
| Applications Withdrawn | 515 | 3,874 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | REDSTONE FEDERAL CREDIT | REGIONS BANK |
|---|---|---|
| Conventional | 5,318 (94.9%) | 65,732 (93.3%) |
| FHA | 143 (2.6%) | 3,769 (5.4%) |
| VA | 122 (2.2%) | 673 (1.0%) |
| USDA | 18 (0.3%) | 262 (0.4%) |
Loan Purpose Breakdown
| Purpose | REDSTONE FEDERAL CREDIT | REGIONS BANK |
|---|---|---|
| Home Improvement | 1,685 | 23,062 |
| Home Purchase | 1,191 | 15,087 |
| Other | 1,151 | 18,762 |
| Refinancing | 1,030 | 10,817 |
| Cash-out Refinancing | 544 | 2,707 |
Top States by Loan Volume
Summary
- 5,601 total applications · 3,166 originated
- Approval rate: 56.5%
- Denial rate: 21.9%
- Avg loan: $145,734
- Avg rate: 8.599%
- HQ: HUNTSVILLE, AL
- 70,436 total applications · 29,337 originated
- Approval rate: 41.7%
- Denial rate: 39.6%
- Avg loan: $210,253
- Avg rate: 7.638%
- HQ: BIRMINGHAM, AL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.