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 | STURGIS BANK & | OMNI Community Credit |
|---|---|---|
| Total Applications | 469 ▲ | 628 |
| Loans Originated | 419 | 300 |
| Approval Rate (higher is better) | 89.3% ✓ | 47.8% |
| Denial Rate (lower is better) | 1.9% ✓ | 29.6% |
| Avg Loan Amount | $151,247 | $97,373 |
| Avg Interest Rate (lower is better) | N/A | 7.507% |
| Avg Applicant Income | N/A | $35,000 |
| Applications Denied | 9 | 186 |
| Applications Withdrawn | 4 | 33 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | STURGIS BANK & | OMNI Community Credit |
|---|---|---|
| Conventional | 469 (100.0%) | 618 (98.4%) |
| FHA | — | 5 (0.8%) |
| VA | — | — |
| USDA | — | 5 (0.8%) |
Loan Purpose Breakdown
| Purpose | STURGIS BANK & | OMNI Community Credit |
|---|---|---|
| Other | 155 | 204 |
| Home Improvement | 121 | 96 |
| Home Purchase | 91 | 145 |
| Cash-out Refinancing | 87 | 151 |
| Refinancing | 15 | 32 |
Summary
- 469 total applications · 419 originated
- Approval rate: 89.3%
- Denial rate: 1.9%
- Avg loan: $151,247
- HQ: STURGIS, MI
- 628 total applications · 300 originated
- Approval rate: 47.8%
- Denial rate: 29.6%
- Avg loan: $97,373
- Avg rate: 7.507%
- HQ: Battle Creek, MI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.