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 | THE HONESDALE NATIONAL | WAYNE BANK |
|---|---|---|
| Total Applications | 523 | 692 ▲ |
| Loans Originated | 446 | 448 |
| Approval Rate (higher is better) | 85.3% ✓ | 64.7% |
| Denial Rate (lower is better) | 4.0% ✓ | 20.1% |
| Avg Loan Amount | $195,249 | $216,488 |
| Avg Interest Rate (lower is better) | 7.842% | 7.045% ✓ |
| Avg Applicant Income | $33,000 | $34,000 |
| Applications Denied | 21 | 139 |
| Applications Withdrawn | 47 | 86 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | THE HONESDALE NATIONAL | WAYNE BANK |
|---|---|---|
| Conventional | 519 (99.2%) | 692 (100.0%) |
| FHA | 4 (0.8%) | — |
| VA | — | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | THE HONESDALE NATIONAL | WAYNE BANK |
|---|---|---|
| Home Purchase | 192 | 295 |
| Other | 134 | 105 |
| Refinancing | 118 | 64 |
| Home Improvement | 79 | 210 |
| Cash-out Refinancing | — | 18 |
Summary
- 523 total applications · 446 originated
- Approval rate: 85.3%
- Denial rate: 4.0%
- Avg loan: $195,249
- Avg rate: 7.842%
- HQ: WILKES BARRE, PA
- 692 total applications · 448 originated
- Approval rate: 64.7%
- Denial rate: 20.1%
- Avg loan: $216,488
- Avg rate: 7.045%
- HQ: HONESDALE, PA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.