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 | THREE RIVERS FEDERAL | LAKE CITY BANK |
|---|---|---|
| Total Applications | 4,234 ▲ | 2,470 |
| Loans Originated | 2,637 | 1,742 |
| Approval Rate (higher is better) | 62.3% | 70.5% ✓ |
| Denial Rate (lower is better) | 13.5% | 11.5% ✓ |
| Avg Loan Amount | $167,312 | $189,672 |
| Avg Interest Rate (lower is better) | 7.715% ✓ | 8.413% |
| Avg Applicant Income | $36,000 | $31,000 |
| Applications Denied | 571 | 285 |
| Applications Withdrawn | 307 | 109 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | THREE RIVERS FEDERAL | LAKE CITY BANK |
|---|---|---|
| Conventional | 4,206 (99.3%) | 2,470 (100.0%) |
| FHA | 1 (0.0%) | — |
| VA | 1 (0.0%) | — |
| USDA | 26 (0.6%) | — |
Loan Purpose Breakdown
| Purpose | THREE RIVERS FEDERAL | LAKE CITY BANK |
|---|---|---|
| Home Purchase | 2,130 | 465 |
| Home Improvement | 756 | 30 |
| Other | 618 | 916 |
| Cash-out Refinancing | 594 | 422 |
| Refinancing | 136 | 637 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Indiana | 2,483 | #12 |
No state data available.
Summary
- 4,234 total applications · 2,637 originated
- Approval rate: 62.3%
- Denial rate: 13.5%
- Avg loan: $167,312
- Avg rate: 7.715%
- HQ: FORT WAYNE, IN
- 2,470 total applications · 1,742 originated
- Approval rate: 70.5%
- Denial rate: 11.5%
- Avg loan: $189,672
- Avg rate: 8.413%
- HQ: WARSAW, IN
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.