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 | REGIONS BANK | PriorityOne Bank |
|---|---|---|
| Total Applications | 70,436 ▲ | 833 |
| Loans Originated | 29,337 | 659 |
| Approval Rate (higher is better) | 41.7% | 79.1% ✓ |
| Denial Rate (lower is better) | 39.6% | 7.6% ✓ |
| Avg Loan Amount | $210,253 | $199,178 |
| Avg Interest Rate (lower is better) | 7.638% ✓ | 7.711% |
| Avg Applicant Income | $36,000 | $35,000 |
| Applications Denied | 27,880 | 63 |
| Applications Withdrawn | 3,874 | 99 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | REGIONS BANK | PriorityOne Bank |
|---|---|---|
| Conventional | 65,732 (93.3%) | 609 (73.1%) |
| FHA | 3,769 (5.4%) | 176 (21.1%) |
| VA | 673 (1.0%) | 29 (3.5%) |
| USDA | 262 (0.4%) | 19 (2.3%) |
Loan Purpose Breakdown
| Purpose | REGIONS BANK | PriorityOne Bank |
|---|---|---|
| Home Improvement | 23,062 | 122 |
| Other | 18,762 | 111 |
| Home Purchase | 15,087 | 452 |
| Refinancing | 10,817 | 147 |
| Cash-out Refinancing | 2,707 | 1 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Mississippi | 636 | #16 |
Summary
- 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
- 833 total applications · 659 originated
- Approval rate: 79.1%
- Denial rate: 7.6%
- Avg loan: $199,178
- Avg rate: 7.711%
- HQ: Magee, MS
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.