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 | WESTCONSIN CREDIT UNION | ROYAL CREDIT UNION |
|---|---|---|
| Total Applications | 1,950 | 6,286 ▲ |
| Loans Originated | 1,225 | 4,682 |
| Approval Rate (higher is better) | 62.8% | 74.5% ✓ |
| Denial Rate (lower is better) | 16.8% | 8.4% ✓ |
| Avg Loan Amount | $143,826 | $177,483 |
| Avg Interest Rate (lower is better) | 7.891% | 6.884% ✓ |
| Avg Applicant Income | $35,000 | $37,000 |
| Applications Denied | 328 | 531 |
| Applications Withdrawn | 249 | 844 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | WESTCONSIN CREDIT UNION | ROYAL CREDIT UNION |
|---|---|---|
| Conventional | 1,922 (98.6%) | 6,039 (96.1%) |
| FHA | — | 214 (3.4%) |
| VA | — | 30 (0.5%) |
| USDA | 28 (1.4%) | 3 (0.0%) |
Loan Purpose Breakdown
| Purpose | WESTCONSIN CREDIT UNION | ROYAL CREDIT UNION |
|---|---|---|
| Home Purchase | 626 | 3,219 |
| Home Improvement | 528 | 1,413 |
| Cash-out Refinancing | 364 | 291 |
| Other | 351 | 1,172 |
| Refinancing | 81 | 191 |
Top States by Loan Volume
Summary
- 1,950 total applications · 1,225 originated
- Approval rate: 62.8%
- Denial rate: 16.8%
- Avg loan: $143,826
- Avg rate: 7.891%
- HQ: MENOMONIE, WI
- 6,286 total applications · 4,682 originated
- Approval rate: 74.5%
- Denial rate: 8.4%
- Avg loan: $177,483
- Avg rate: 6.884%
- HQ: EAU CLAIRE, 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 Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes.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.