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 | West Gate Bank | Heartland Bank |
|---|---|---|
| Total Applications | 3,589 ▲ | 104 |
| Loans Originated | 2,003 | 91 |
| Approval Rate (higher is better) | 55.8% | 87.5% ✓ |
| Denial Rate (lower is better) | 3.0% ✓ | 6.7% |
| Avg Loan Amount | $257,984 | $179,038 |
| Avg Interest Rate (lower is better) | 6.313% | N/A |
| Avg Applicant Income | $35,000 | N/A |
| Applications Denied | 108 | 7 |
| Applications Withdrawn | 12 | 5 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | West Gate Bank | Heartland Bank |
|---|---|---|
| Conventional | 3,339 (93.0%) | 104 (100.0%) |
| FHA | 94 (2.6%) | — |
| VA | 124 (3.5%) | — |
| USDA | 32 (0.9%) | — |
Loan Purpose Breakdown
| Purpose | West Gate Bank | Heartland Bank |
|---|---|---|
| Home Purchase | 2,921 | 55 |
| Refinancing | 397 | 23 |
| Cash-out Refinancing | 172 | — |
| Other | 71 | 10 |
| Home Improvement | 28 | 16 |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| Nebraska | 1,593 | #4 |
No state data available.
Summary
- 3,589 total applications · 2,003 originated
- Approval rate: 55.8%
- Denial rate: 3.0%
- Avg loan: $257,984
- Avg rate: 6.313%
- HQ: Lincoln, NE
- 104 total applications · 91 originated
- Approval rate: 87.5%
- Denial rate: 6.7%
- Avg loan: $179,038
- HQ: Geneva, NE
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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.