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 | SCOTT STATE BANK | First Mid Bank |
|---|---|---|
| Total Applications | 77 | 2,343 ▲ |
| Loans Originated | 65 | 1,617 |
| Approval Rate (higher is better) | 84.4% ✓ | 69.0% |
| Denial Rate (lower is better) | 14.3% ✓ | 17.5% |
| Avg Loan Amount | $151,623 | $185,427 |
| Avg Interest Rate (lower is better) | N/A | 7.327% |
| Avg Applicant Income | N/A | $34,000 |
| Applications Denied | 11 | 410 |
| Applications Withdrawn | 0 | 278 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SCOTT STATE BANK | First Mid Bank |
|---|---|---|
| Conventional | 77 (100.0%) | 2,216 (94.6%) |
| FHA | — | 68 (2.9%) |
| VA | — | 19 (0.8%) |
| USDA | — | 40 (1.7%) |
Loan Purpose Breakdown
| Purpose | SCOTT STATE BANK | First Mid Bank |
|---|---|---|
| Home Purchase | 39 | 1,296 |
| Cash-out Refinancing | 15 | 127 |
| Other | 10 | 251 |
| Home Improvement | 7 | 459 |
| Refinancing | 6 | 210 |
Summary
- 77 total applications · 65 originated
- Approval rate: 84.4%
- Denial rate: 14.3%
- Avg loan: $151,623
- HQ: MAROA, IL
- 2,343 total applications · 1,617 originated
- Approval rate: 69.0%
- Denial rate: 17.5%
- Avg loan: $185,427
- Avg rate: 7.327%
- HQ: Mattoon, IL
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.