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 | SYNOVUS BANK | Oconee State Bank |
|---|---|---|
| Total Applications | 8,388 ▲ | 323 |
| Loans Originated | 5,114 | 256 |
| Approval Rate (higher is better) | 61.0% | 79.3% ✓ |
| Denial Rate (lower is better) | 21.6% | 3.1% ✓ |
| Avg Loan Amount | $297,253 | $278,498 |
| Avg Interest Rate (lower is better) | 7.696% | N/A |
| Avg Applicant Income | $37,000 | N/A |
| Applications Denied | 1,814 | 10 |
| Applications Withdrawn | 948 | 54 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | SYNOVUS BANK | Oconee State Bank |
|---|---|---|
| Conventional | 7,238 (86.3%) | 315 (97.5%) |
| FHA | 796 (9.5%) | 5 (1.5%) |
| VA | 265 (3.2%) | 3 (0.9%) |
| USDA | 89 (1.1%) | — |
Loan Purpose Breakdown
| Purpose | SYNOVUS BANK | Oconee State Bank |
|---|---|---|
| Home Purchase | 3,530 | 181 |
| Other | 1,960 | 96 |
| Refinancing | 1,484 | 22 |
| Home Improvement | 1,214 | 10 |
| Cash-out Refinancing | 200 | 14 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Georgia | 2,641 | #19 |
No state data available.
Summary
- 8,388 total applications · 5,114 originated
- Approval rate: 61.0%
- Denial rate: 21.6%
- Avg loan: $297,253
- Avg rate: 7.696%
- HQ: COLUMBUS, GA
- 323 total applications · 256 originated
- Approval rate: 79.3%
- Denial rate: 3.1%
- Avg loan: $278,498
- HQ: Watkinsville, GA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.