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 | SOUTHERN BANCORP BANK | DIAMOND BANK |
|---|---|---|
| Total Applications | 1,001 ▲ | 254 |
| Loans Originated | 694 | 213 |
| Approval Rate (higher is better) | 69.3% | 83.9% ✓ |
| Denial Rate (lower is better) | 9.4% | 7.5% ✓ |
| Avg Loan Amount | $164,141 | $139,685 |
| Avg Interest Rate (lower is better) | 8.271% | N/A |
| Avg Applicant Income | $31,000 | N/A |
| Applications Denied | 94 | 19 |
| Applications Withdrawn | 125 | 19 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SOUTHERN BANCORP BANK | DIAMOND BANK |
|---|---|---|
| Conventional | 950 (94.9%) | 254 (100.0%) |
| FHA | 34 (3.4%) | — |
| VA | 10 (1.0%) | — |
| USDA | 7 (0.7%) | — |
Loan Purpose Breakdown
| Purpose | SOUTHERN BANCORP BANK | DIAMOND BANK |
|---|---|---|
| Home Purchase | 463 | 137 |
| Refinancing | 382 | 72 |
| Home Improvement | 95 | 33 |
| Other | 47 | 11 |
| Cash-out Refinancing | 13 | 1 |
Summary
- 1,001 total applications · 694 originated
- Approval rate: 69.3%
- Denial rate: 9.4%
- Avg loan: $164,141
- Avg rate: 8.271%
- HQ: ARKADELPHIA, AR
- 254 total applications · 213 originated
- Approval rate: 83.9%
- Denial rate: 7.5%
- Avg loan: $139,685
- HQ: GLENWOOD, AR
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.