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 Paducah Bank | INDEPENDENCE BANK OF |
|---|---|---|
| Total Applications | 318 | 1,445 ▲ |
| Loans Originated | 216 | 1,083 |
| Approval Rate (higher is better) | 67.9% | 74.9% ✓ |
| Denial Rate (lower is better) | 10.1% ✓ | 13.2% |
| Avg Loan Amount | $330,440 | $174,017 |
| Avg Interest Rate (lower is better) | N/A | 7.671% |
| Avg Applicant Income | N/A | $31,000 |
| Applications Denied | 32 | 190 |
| Applications Withdrawn | 68 | 138 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | The Paducah Bank | INDEPENDENCE BANK OF |
|---|---|---|
| Conventional | 314 (98.7%) | 1,439 (99.6%) |
| FHA | — | 5 (0.3%) |
| VA | 3 (0.9%) | 1 (0.1%) |
| USDA | 1 (0.3%) | — |
Loan Purpose Breakdown
| Purpose | The Paducah Bank | INDEPENDENCE BANK OF |
|---|---|---|
| Home Purchase | 246 | 586 |
| Refinancing | 31 | 313 |
| Other | 22 | 390 |
| Cash-out Refinancing | 11 | 33 |
| Home Improvement | 8 | 123 |
Summary
- 318 total applications · 216 originated
- Approval rate: 67.9%
- Denial rate: 10.1%
- Avg loan: $330,440
- HQ: Paducah, KY
- 1,445 total applications · 1,083 originated
- Approval rate: 74.9%
- Denial rate: 13.2%
- Avg loan: $174,017
- Avg rate: 7.671%
- HQ: OWENSBORO, KY
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.