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 | Shelby County State | United Bank of |
|---|---|---|
| Total Applications | 189 | 494 ▲ |
| Loans Originated | 172 | 306 |
| Approval Rate (higher is better) | 91.0% ✓ | 61.9% |
| Denial Rate (lower is better) | 3.2% ✓ | 17.4% |
| Avg Loan Amount | $108,968 | $121,498 |
| Avg Interest Rate (lower is better) | 7.500% | 7.177% ✓ |
| Avg Applicant Income | $20,000 | $32,000 |
| Applications Denied | 6 | 86 |
| Applications Withdrawn | 8 | 78 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Shelby County State | United Bank of |
|---|---|---|
| Conventional | 189 (100.0%) | 424 (85.8%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | 70 (14.2%) |
Loan Purpose Breakdown
| Purpose | Shelby County State | United Bank of |
|---|---|---|
| Home Purchase | 65 | 339 |
| Refinancing | 63 | 55 |
| Home Improvement | 36 | 42 |
| Other | 25 | 27 |
| Cash-out Refinancing | — | 31 |
Summary
- 189 total applications · 172 originated
- Approval rate: 91.0%
- Denial rate: 3.2%
- Avg loan: $108,968
- Avg rate: 7.500%
- HQ: Harlan, IA
- 494 total applications · 306 originated
- Approval rate: 61.9%
- Denial rate: 17.4%
- Avg loan: $121,498
- Avg rate: 7.177%
- HQ: Mapleton, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.