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 | WESTBY CO-OP CREDIT | ALTRA FEDERAL CREDIT |
|---|---|---|
| Total Applications | 502 | 3,299 ▲ |
| Loans Originated | 408 | 2,539 |
| Approval Rate (higher is better) | 81.3% ✓ | 77.0% |
| Denial Rate (lower is better) | 2.8% ✓ | 9.6% |
| Avg Loan Amount | $118,705 | $266,085 |
| Avg Interest Rate (lower is better) | 7.581% | 7.280% ✓ |
| Avg Applicant Income | $33,000 | $35,000 |
| Applications Denied | 14 | 318 |
| Applications Withdrawn | 54 | 311 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | WESTBY CO-OP CREDIT | ALTRA FEDERAL CREDIT |
|---|---|---|
| Conventional | 495 (98.6%) | 3,217 (97.5%) |
| FHA | — | 40 (1.2%) |
| VA | — | 42 (1.3%) |
| USDA | 7 (1.4%) | — |
Loan Purpose Breakdown
| Purpose | WESTBY CO-OP CREDIT | ALTRA FEDERAL CREDIT |
|---|---|---|
| Cash-out Refinancing | 305 | 100 |
| Home Purchase | 155 | 1,219 |
| Refinancing | 32 | 739 |
| Home Improvement | 10 | 692 |
| Other | — | 549 |
Summary
- 502 total applications · 408 originated
- Approval rate: 81.3%
- Denial rate: 2.8%
- Avg loan: $118,705
- Avg rate: 7.581%
- HQ: WESTBY, WI
- 3,299 total applications · 2,539 originated
- Approval rate: 77.0%
- Denial rate: 9.6%
- Avg loan: $266,085
- Avg rate: 7.280%
- HQ: ONALASKA, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.