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 | UW CREDIT UNION | Summit Credit Union |
|---|---|---|
| Total Applications | 11,177 | 15,990 ▲ |
| Loans Originated | 8,477 | 9,929 |
| Approval Rate (higher is better) | 75.8% ✓ | 62.1% |
| Denial Rate (lower is better) | 12.3% | 10.9% ✓ |
| Avg Loan Amount | $162,206 | $176,310 |
| Avg Interest Rate (lower is better) | 4.666% | 4.603% ✓ |
| Avg Applicant Income | $32,000 | $36,000 |
| Applications Denied | 1,374 | 1,738 |
| Applications Withdrawn | 1,070 | 1,229 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | UW CREDIT UNION | Summit Credit Union |
|---|---|---|
| Conventional | 11,137 (99.6%) | 15,988 (100.0%) |
| FHA | 30 (0.3%) | 2 (0.0%) |
| VA | 10 (0.1%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | UW CREDIT UNION | Summit Credit Union |
|---|---|---|
| Refinancing | 3,195 | 3,209 |
| Home Purchase | 2,759 | 5,945 |
| Home Improvement | 2,473 | 2,302 |
| Other | 2,304 | 3,207 |
| Cash-out Refinancing | 446 | 1,327 |
Top States by Loan Volume
Summary
- 11,177 total applications · 8,477 originated
- Approval rate: 75.8%
- Denial rate: 12.3%
- Avg loan: $162,206
- Avg rate: 4.666%
- HQ: MADISON, WI
- 15,990 total applications · 9,929 originated
- Approval rate: 62.1%
- Denial rate: 10.9%
- Avg loan: $176,310
- Avg rate: 4.603%
- HQ: Cottage Grove, WI
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.