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 | SOFI BANK, NATIONAL | AMERICA FIRST FEDERAL |
|---|---|---|
| Total Applications | 15,489 | 22,439 ▲ |
| Loans Originated | 5,867 | 16,009 |
| Approval Rate (higher is better) | 37.9% | 71.3% ✓ |
| Denial Rate (lower is better) | 16.7% ✓ | 19.8% |
| Avg Loan Amount | $293,274 | $134,435 |
| Avg Interest Rate (lower is better) | 6.988% ✓ | 7.857% |
| Avg Applicant Income | $37,000 | $38,000 |
| Applications Denied | 2,581 | 4,432 |
| Applications Withdrawn | 3,548 | 873 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SOFI BANK, NATIONAL | AMERICA FIRST FEDERAL |
|---|---|---|
| Conventional | 13,466 (86.9%) | 22,252 (99.2%) |
| FHA | 1,451 (9.4%) | 144 (0.6%) |
| VA | 572 (3.7%) | 39 (0.2%) |
| USDA | — | 4 (0.0%) |
Loan Purpose Breakdown
| Purpose | SOFI BANK, NATIONAL | AMERICA FIRST FEDERAL |
|---|---|---|
| Home Purchase | 5,789 | 2,068 |
| Other | 4,594 | 6,514 |
| Cash-out Refinancing | 2,982 | 331 |
| Refinancing | 1,633 | 5,681 |
| Home Improvement | 491 | 7,845 |
Top States by Loan Volume
Summary
- 15,489 total applications · 5,867 originated
- Approval rate: 37.9%
- Denial rate: 16.7%
- Avg loan: $293,274
- Avg rate: 6.988%
- HQ: COTTONWOOD HEIGHTS, UT
- 22,439 total applications · 16,009 originated
- Approval rate: 71.3%
- Denial rate: 19.8%
- Avg loan: $134,435
- Avg rate: 7.857%
- HQ: ROY, UT
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.