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 | Security First Bank | Granite Bank |
|---|---|---|
| Total Applications | 390 | 1,395 ▲ |
| Loans Originated | 320 | 1,054 |
| Approval Rate (higher is better) | 82.1% ✓ | 75.6% |
| Denial Rate (lower is better) | 5.6% ✓ | 6.0% |
| Avg Loan Amount | $218,333 | $279,925 |
| Avg Interest Rate (lower is better) | 7.165% | 6.311% ✓ |
| Avg Applicant Income | $36,000 | $39,000 |
| Applications Denied | 22 | 84 |
| Applications Withdrawn | 20 | 244 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Security First Bank | Granite Bank |
|---|---|---|
| Conventional | 381 (97.7%) | 1,069 (76.6%) |
| FHA | — | 207 (14.8%) |
| VA | 8 (2.1%) | 113 (8.1%) |
| USDA | 1 (0.3%) | 6 (0.4%) |
Loan Purpose Breakdown
| Purpose | Security First Bank | Granite Bank |
|---|---|---|
| Home Purchase | 261 | 1,251 |
| Refinancing | 81 | 62 |
| Home Improvement | 24 | 5 |
| Other | 17 | 16 |
| Cash-out Refinancing | 7 | 56 |
Summary
- 390 total applications · 320 originated
- Approval rate: 82.1%
- Denial rate: 5.6%
- Avg loan: $218,333
- Avg rate: 7.165%
- HQ: Lincoln, NE
- 1,395 total applications · 1,054 originated
- Approval rate: 75.6%
- Denial rate: 6.0%
- Avg loan: $279,925
- Avg rate: 6.311%
- HQ: COLD SPRING, MN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.