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 | FIRST NATIONAL BANK |
|---|---|---|
| Total Applications | 2,364 ▲ | 382 |
| Loans Originated | 1,765 | 200 |
| Approval Rate (higher is better) | 74.7% ✓ | 52.4% |
| Denial Rate (lower is better) | 4.6% ✓ | 7.6% |
| Avg Loan Amount | $400,948 | $382,408 |
| Avg Interest Rate (lower is better) | 6.264% ✓ | 6.760% |
| Avg Applicant Income | $38,000 | $37,000 |
| Applications Denied | 109 | 29 |
| Applications Withdrawn | 459 | 124 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Residential Mortgage, LLC | FIRST NATIONAL BANK |
|---|---|---|
| Conventional | 1,709 (72.3%) | 363 (95.0%) |
| FHA | 312 (13.2%) | 7 (1.8%) |
| VA | 326 (13.8%) | 12 (3.1%) |
| USDA | 17 (0.7%) | — |
Loan Purpose Breakdown
| Purpose | Residential Mortgage, LLC | FIRST NATIONAL BANK |
|---|---|---|
| Home Purchase | 2,120 | 290 |
| Cash-out Refinancing | 135 | 27 |
| Refinancing | 109 | 35 |
| Home Improvement | — | 27 |
| Other | — | 3 |
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
- 382 total applications · 200 originated
- Approval rate: 52.4%
- Denial rate: 7.6%
- Avg loan: $382,408
- Avg rate: 6.760%
- 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.