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 | Residential Mortgage, LLC | Credit Union 1 |
|---|---|---|
| Total Applications | 2,364 ▲ | 404 |
| Loans Originated | 1,765 | 213 |
| Approval Rate (higher is better) | 74.7% ✓ | 52.7% |
| Denial Rate (lower is better) | 4.6% ✓ | 10.9% |
| Avg Loan Amount | $400,948 | $218,069 |
| Avg Interest Rate (lower is better) | 6.264% ✓ | 6.936% |
| Avg Applicant Income | $38,000 | $34,000 |
| Applications Denied | 109 | 44 |
| Applications Withdrawn | 459 | 72 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Residential Mortgage, LLC | Credit Union 1 |
|---|---|---|
| Conventional | 1,709 (72.3%) | 399 (98.8%) |
| FHA | 312 (13.2%) | — |
| VA | 326 (13.8%) | 5 (1.2%) |
| USDA | 17 (0.7%) | — |
Loan Purpose Breakdown
| Purpose | Residential Mortgage, LLC | Credit Union 1 |
|---|---|---|
| Home Purchase | 2,120 | 138 |
| Cash-out Refinancing | 135 | 160 |
| Refinancing | 109 | 21 |
| Home Improvement | — | 66 |
| Other | — | 19 |
Top States by Loan Volume
Summary
- 2,364 total applications · 1,765 originated
- Approval rate: 74.7%
- Denial rate: 4.6%
- Avg loan: $400,948
- Avg rate: 6.264%
- HQ: Anchorage, AK
- 404 total applications · 213 originated
- Approval rate: 52.7%
- Denial rate: 10.9%
- Avg loan: $218,069
- Avg rate: 6.936%
- HQ: Anchorage, AK
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.