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 | United Bank of | Westside State Bank |
|---|---|---|
| Total Applications | 494 ▲ | 116 |
| Loans Originated | 306 | 114 |
| Approval Rate (higher is better) | 61.9% | 98.3% ✓ |
| Denial Rate (lower is better) | 17.4% | 0.0% ✓ |
| Avg Loan Amount | $121,498 | $157,500 |
| Avg Interest Rate (lower is better) | 7.177% | N/A |
| Avg Applicant Income | $32,000 | N/A |
| Applications Denied | 86 | 0 |
| Applications Withdrawn | 78 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | United Bank of | Westside State Bank |
|---|---|---|
| Conventional | 424 (85.8%) | 116 (100.0%) |
| FHA | — | — |
| VA | — | — |
| USDA | 70 (14.2%) | — |
Loan Purpose Breakdown
| Purpose | United Bank of | Westside State Bank |
|---|---|---|
| Home Purchase | 339 | 65 |
| Refinancing | 55 | 36 |
| Home Improvement | 42 | 10 |
| Cash-out Refinancing | 31 | — |
| Other | 27 | 5 |
Summary
- 494 total applications · 306 originated
- Approval rate: 61.9%
- Denial rate: 17.4%
- Avg loan: $121,498
- Avg rate: 7.177%
- HQ: Mapleton, IA
- 116 total applications · 114 originated
- Approval rate: 98.3%
- Denial rate: 0.0%
- Avg loan: $157,500
- HQ: Halbur, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.