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 | TWO RIVERS BANK | IOWA BANKERS MORTGAGE |
|---|---|---|
| Total Applications | 334 | 5,751 ▲ |
| Loans Originated | 235 | 2,402 |
| Approval Rate (higher is better) | 70.4% ✓ | 41.8% |
| Denial Rate (lower is better) | 14.7% | 7.6% ✓ |
| Avg Loan Amount | $131,168 | $240,479 |
| Avg Interest Rate (lower is better) | 7.443% | 6.426% ✓ |
| Avg Applicant Income | $31,000 | $34,000 |
| Applications Denied | 49 | 437 |
| Applications Withdrawn | 25 | 201 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | TWO RIVERS BANK | IOWA BANKERS MORTGAGE |
|---|---|---|
| Conventional | 334 (100.0%) | 5,315 (92.4%) |
| FHA | — | 104 (1.8%) |
| VA | — | 79 (1.4%) |
| USDA | — | 253 (4.4%) |
Loan Purpose Breakdown
| Purpose | TWO RIVERS BANK | IOWA BANKERS MORTGAGE |
|---|---|---|
| Home Purchase | 126 | 4,976 |
| Home Improvement | 98 | 27 |
| Other | 58 | 74 |
| Refinancing | 52 | 425 |
| Cash-out Refinancing | — | 249 |
Top States by Loan Volume
No state data available.
| State | Originated | Rank |
|---|---|---|
| Iowa | 2,092 | #4 |
Summary
- 334 total applications · 235 originated
- Approval rate: 70.4%
- Denial rate: 14.7%
- Avg loan: $131,168
- Avg rate: 7.443%
- HQ: BURLINGTON, IA
- 5,751 total applications · 2,402 originated
- Approval rate: 41.8%
- Denial rate: 7.6%
- Avg loan: $240,479
- Avg rate: 6.426%
- HQ: JOHNSTON, IA
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.