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 | State Bank of | Morton Community Bank |
|---|---|---|
| Total Applications | 65 | 1,566 ▲ |
| Loans Originated | 57 | 1,266 |
| Approval Rate (higher is better) | 87.7% ✓ | 80.8% |
| Denial Rate (lower is better) | 4.6% ✓ | 9.5% |
| Avg Loan Amount | $88,231 | $148,174 |
| Avg Interest Rate (lower is better) | N/A | 7.550% |
| Avg Applicant Income | N/A | $33,000 |
| Applications Denied | 3 | 149 |
| Applications Withdrawn | 5 | 102 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | State Bank of | Morton Community Bank |
|---|---|---|
| Conventional | 65 (100.0%) | 1,566 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | State Bank of | Morton Community Bank |
|---|---|---|
| Home Purchase | 44 | 716 |
| Home Improvement | 10 | 321 |
| Refinancing | 5 | 291 |
| Other | 5 | 214 |
| Cash-out Refinancing | 1 | 24 |
Summary
- 65 total applications · 57 originated
- Approval rate: 87.7%
- Denial rate: 4.6%
- Avg loan: $88,231
- HQ: Kewanee, IL
- 1,566 total applications · 1,266 originated
- Approval rate: 80.8%
- Denial rate: 9.5%
- Avg loan: $148,174
- Avg rate: 7.550%
- HQ: Morton, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.