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 | Superior Choice Credit | Northern State Bank |
|---|---|---|
| Total Applications | 894 ▲ | 139 |
| Loans Originated | 468 | 107 |
| Approval Rate (higher is better) | 52.3% | 77.0% ✓ |
| Denial Rate (lower is better) | 16.6% | 9.3% ✓ |
| Avg Loan Amount | $124,832 | $129,388 |
| Avg Interest Rate (lower is better) | 6.841% | N/A |
| Avg Applicant Income | $34,000 | N/A |
| Applications Denied | 148 | 13 |
| Applications Withdrawn | 150 | 16 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Superior Choice Credit | Northern State Bank |
|---|---|---|
| Conventional | 894 (100.0%) | 139 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Superior Choice Credit | Northern State Bank |
|---|---|---|
| Home Purchase | 361 | 71 |
| Home Improvement | 214 | 23 |
| Cash-out Refinancing | 139 | — |
| Other | 136 | 16 |
| Refinancing | 44 | 29 |
Summary
- 894 total applications · 468 originated
- Approval rate: 52.3%
- Denial rate: 16.6%
- Avg loan: $124,832
- Avg rate: 6.841%
- HQ: Superior, WI
- 139 total applications · 107 originated
- Approval rate: 77.0%
- Denial rate: 9.3%
- Avg loan: $129,388
- HQ: Aurora, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.