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 | STEPHENSON NATIONAL BANK | First Colony Mortgage |
|---|---|---|
| Total Applications | 209 | 10,161 ▲ |
| Loans Originated | 158 | 7,567 |
| Approval Rate (higher is better) | 75.6% ✓ | 74.5% |
| Denial Rate (lower is better) | 10.1% | 4.4% ✓ |
| Avg Loan Amount | $193,612 | $383,639 |
| Avg Interest Rate (lower is better) | N/A | 6.525% |
| Avg Applicant Income | N/A | $34,000 |
| Applications Denied | 21 | 449 |
| Applications Withdrawn | 4 | 1,265 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | STEPHENSON NATIONAL BANK | First Colony Mortgage |
|---|---|---|
| Conventional | 209 (100.0%) | 7,007 (69.0%) |
| FHA | — | 2,211 (21.8%) |
| VA | — | 783 (7.7%) |
| USDA | — | 160 (1.6%) |
Loan Purpose Breakdown
| Purpose | STEPHENSON NATIONAL BANK | First Colony Mortgage |
|---|---|---|
| Home Purchase | 121 | 8,407 |
| Cash-out Refinancing | 30 | 789 |
| Refinancing | 26 | 925 |
| Home Improvement | 16 | 40 |
| Other | 16 | — |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Utah | 2,678 | #7 |
Summary
- 209 total applications · 158 originated
- Approval rate: 75.6%
- Denial rate: 10.1%
- Avg loan: $193,612
- HQ: MARINETTE, WI
- 10,161 total applications · 7,567 originated
- Approval rate: 74.5%
- Denial rate: 4.4%
- Avg loan: $383,639
- Avg rate: 6.525%
- HQ: Pleasant Grove, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.