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 | St. Cloud Financial | LIBERTY BANK MINNESOTA |
|---|---|---|
| Total Applications | 375 ▲ | 326 |
| Loans Originated | 321 | 276 |
| Approval Rate (higher is better) | 85.6% ✓ | 84.7% |
| Denial Rate (lower is better) | 5.6% ✓ | 7.1% |
| Avg Loan Amount | $216,040 | $245,092 |
| Avg Interest Rate (lower is better) | 6.971% | 6.673% ✓ |
| Avg Applicant Income | $35,000 | $35,000 |
| Applications Denied | 21 | 23 |
| Applications Withdrawn | 33 | 27 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | St. Cloud Financial | LIBERTY BANK MINNESOTA |
|---|---|---|
| Conventional | 367 (97.9%) | 317 (97.2%) |
| FHA | 1 (0.3%) | 7 (2.1%) |
| VA | 5 (1.3%) | — |
| USDA | 2 (0.5%) | 2 (0.6%) |
Loan Purpose Breakdown
| Purpose | St. Cloud Financial | LIBERTY BANK MINNESOTA |
|---|---|---|
| Cash-out Refinancing | 223 | 27 |
| Home Purchase | 131 | 176 |
| Refinancing | 16 | 53 |
| Home Improvement | 5 | 27 |
| Other | — | 43 |
Summary
- 375 total applications · 321 originated
- Approval rate: 85.6%
- Denial rate: 5.6%
- Avg loan: $216,040
- Avg rate: 6.971%
- HQ: Saint Cloud, MN
- 326 total applications · 276 originated
- Approval rate: 84.7%
- Denial rate: 7.1%
- Avg loan: $245,092
- Avg rate: 6.673%
- HQ: ST CLOUD, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.