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 | VERIDIAN CREDIT UNION | BANKIOWA |
|---|---|---|
| Total Applications | 11,053 ▲ | 228 |
| Loans Originated | 7,554 | 210 |
| Approval Rate (higher is better) | 68.3% | 92.1% ✓ |
| Denial Rate (lower is better) | 12.1% | 5.3% ✓ |
| Avg Loan Amount | $124,193 | $110,263 |
| Avg Interest Rate (lower is better) | 7.077% | N/A |
| Avg Applicant Income | $34,000 | N/A |
| Applications Denied | 1,338 | 12 |
| Applications Withdrawn | 1,183 | 0 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | VERIDIAN CREDIT UNION | BANKIOWA |
|---|---|---|
| Conventional | 10,932 (98.9%) | 228 (100.0%) |
| FHA | — | — |
| VA | 121 (1.1%) | — |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | VERIDIAN CREDIT UNION | BANKIOWA |
|---|---|---|
| Other | 3,766 | 42 |
| Home Purchase | 3,340 | 104 |
| Home Improvement | 2,476 | 44 |
| Refinancing | 989 | 33 |
| Cash-out Refinancing | 482 | 5 |
Top States by Loan Volume
Summary
- 11,053 total applications · 7,554 originated
- Approval rate: 68.3%
- Denial rate: 12.1%
- Avg loan: $124,193
- Avg rate: 7.077%
- HQ: WATERLOO, IA
- 228 total applications · 210 originated
- Approval rate: 92.1%
- Denial rate: 5.3%
- Avg loan: $110,263
- HQ: CEDAR RAPIDS, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.