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 COMMUNITY BANK | State Employees' Credit |
|---|---|---|
| Total Applications | 10,368 | 46,508 ▲ |
| Loans Originated | 6,575 | 28,065 |
| Approval Rate (higher is better) | 63.4% ✓ | 60.3% |
| Denial Rate (lower is better) | 24.1% | 23.7% ✓ |
| Avg Loan Amount | $248,403 | $151,844 |
| Avg Interest Rate (lower is better) | 7.258% | 6.915% ✓ |
| Avg Applicant Income | $36,000 | $36,000 |
| Applications Denied | 2,496 | 11,020 |
| Applications Withdrawn | 883 | 5,098 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | UNITED COMMUNITY BANK | State Employees' Credit |
|---|---|---|
| Conventional | 9,416 (90.8%) | 46,508 (100.0%) |
| FHA | 755 (7.3%) | — |
| VA | 127 (1.2%) | — |
| USDA | 70 (0.7%) | — |
Loan Purpose Breakdown
| Purpose | UNITED COMMUNITY BANK | State Employees' Credit |
|---|---|---|
| Home Purchase | 3,827 | 13,977 |
| Home Improvement | 2,657 | 13,429 |
| Refinancing | 1,982 | 7,590 |
| Other | 1,468 | 8,953 |
| Cash-out Refinancing | 431 | 2,559 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Georgia | 2,923 | #17 |
| State | Originated | Rank |
|---|---|---|
| North Carolina | 27,195 | #1 |
Summary
- 10,368 total applications · 6,575 originated
- Approval rate: 63.4%
- Denial rate: 24.1%
- Avg loan: $248,403
- Avg rate: 7.258%
- HQ: GREENVILLE, SC
- 46,508 total applications · 28,065 originated
- Approval rate: 60.3%
- Denial rate: 23.7%
- Avg loan: $151,844
- Avg rate: 6.915%
- HQ: Raleigh, NC
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.