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 Bank | Flanagan State Bank |
|---|---|---|
| Total Applications | 1,735 ▲ | 1,597 |
| Loans Originated | 1,455 | 1,142 |
| Approval Rate (higher is better) | 83.9% ✓ | 71.5% |
| Denial Rate (lower is better) | 5.7% ✓ | 10.0% |
| Avg Loan Amount | $178,435 | $196,534 |
| Avg Interest Rate (lower is better) | 7.997% | 6.800% ✓ |
| Avg Applicant Income | $32,000 | $37,000 |
| Applications Denied | 99 | 160 |
| Applications Withdrawn | 162 | 287 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Southern Bank | Flanagan State Bank |
|---|---|---|
| Conventional | 1,699 (97.9%) | 684 (42.8%) |
| FHA | — | 524 (32.8%) |
| VA | — | 109 (6.8%) |
| USDA | 36 (2.1%) | 280 (17.5%) |
Loan Purpose Breakdown
| Purpose | Southern Bank | Flanagan State Bank |
|---|---|---|
| Home Purchase | 842 | 1,288 |
| Home Improvement | 319 | 1 |
| Refinancing | 262 | 128 |
| Other | 234 | 4 |
| Cash-out Refinancing | 78 | 176 |
Summary
- 1,735 total applications · 1,455 originated
- Approval rate: 83.9%
- Denial rate: 5.7%
- Avg loan: $178,435
- Avg rate: 7.997%
- HQ: Poplar Bluff, MO
- 1,597 total applications · 1,142 originated
- Approval rate: 71.5%
- Denial rate: 10.0%
- Avg loan: $196,534
- Avg rate: 6.800%
- HQ: Flanagan, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.