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 STATE BANK | PREMIER BANK |
|---|---|---|
| Total Applications | 2,761 | 4,031 ▲ |
| Loans Originated | 1,252 | 2,769 |
| Approval Rate (higher is better) | 45.3% | 68.7% ✓ |
| Denial Rate (lower is better) | 4.7% ✓ | 22.4% |
| Avg Loan Amount | $258,350 | $178,252 |
| Avg Interest Rate (lower is better) | 6.879% ✓ | 7.585% |
| Avg Applicant Income | $36,000 | $34,000 |
| Applications Denied | 130 | 905 |
| Applications Withdrawn | 219 | 315 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | THE STATE BANK | PREMIER BANK |
|---|---|---|
| Conventional | 2,478 (89.8%) | 3,927 (97.4%) |
| FHA | 237 (8.6%) | 84 (2.1%) |
| VA | 36 (1.3%) | 14 (0.3%) |
| USDA | 10 (0.4%) | 6 (0.1%) |
Loan Purpose Breakdown
| Purpose | THE STATE BANK | PREMIER BANK |
|---|---|---|
| Home Purchase | 2,172 | 1,662 |
| Home Improvement | 204 | 1,310 |
| Refinancing | 174 | 724 |
| Other | 136 | 232 |
| Cash-out Refinancing | 75 | 103 |
Summary
- 2,761 total applications · 1,252 originated
- Approval rate: 45.3%
- Denial rate: 4.7%
- Avg loan: $258,350
- Avg rate: 6.879%
- HQ: DEFIANCE, OH
- 4,031 total applications · 2,769 originated
- Approval rate: 68.7%
- Denial rate: 22.4%
- Avg loan: $178,252
- Avg rate: 7.585%
- HQ: YOUNGSTOWN, OH
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.