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 | ROYAL CREDIT UNION | SECURITY FINANCIAL BANK |
|---|---|---|
| Total Applications | 6,286 ▲ | 191 |
| Loans Originated | 4,682 | 128 |
| Approval Rate (higher is better) | 74.5% ✓ | 67.0% |
| Denial Rate (lower is better) | 8.4% ✓ | 12.6% |
| Avg Loan Amount | $177,483 | $285,366 |
| Avg Interest Rate (lower is better) | 6.884% | N/A |
| Avg Applicant Income | $37,000 | N/A |
| Applications Denied | 531 | 24 |
| Applications Withdrawn | 844 | 16 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | ROYAL CREDIT UNION | SECURITY FINANCIAL BANK |
|---|---|---|
| Conventional | 6,039 (96.1%) | 191 (100.0%) |
| FHA | 214 (3.4%) | — |
| VA | 30 (0.5%) | — |
| USDA | 3 (0.0%) | — |
Loan Purpose Breakdown
| Purpose | ROYAL CREDIT UNION | SECURITY FINANCIAL BANK |
|---|---|---|
| Home Purchase | 3,219 | 115 |
| Home Improvement | 1,413 | 16 |
| Other | 1,172 | 11 |
| Cash-out Refinancing | 291 | 12 |
| Refinancing | 191 | 37 |
Top States by Loan Volume
Summary
- 6,286 total applications · 4,682 originated
- Approval rate: 74.5%
- Denial rate: 8.4%
- Avg loan: $177,483
- Avg rate: 6.884%
- HQ: EAU CLAIRE, WI
- 191 total applications · 128 originated
- Approval rate: 67.0%
- Denial rate: 12.6%
- Avg loan: $285,366
- HQ: DURAND, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.