Purchase Originations
347
Median Total Costs
$2,977
−55.4% vs national ($6,680)
↑ $37 vs prior year
Median Rate
6.750%
+4.0% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$869
Median Lender Credits
$1,000
Denial Rate
7.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 334 | 6.750% | $2,939 | $867 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,196 | 6.500% | — | 3 | −$781 | |
| 2 | $2,512 | 6.938% | — | 26 | −$465 | |
| 3 | $2,576 | 6.500% | — | 35 | −$401 | |
| 4 | $2,642 | 6.500% | — | 2 | −$335 | |
| 5 | $2,655 | 6.688% | — | 136 | −$322 | |
| 6 | $2,667 | 6.250% | — | 9 | −$310 | |
| 7 | $2,727 | 7.125% | — | 5 | −$250 | |
| 8 | $3,015 | 6.875% | — | 23 | +$38 | |
| 9 | $3,185 | 6.562% | — | 16 | +$208 | |
| 10 | $3,218 | 6.688% | — | 4 | +$241 | |
| 11 | $3,220 | 6.812% | — | 6 | +$243 | |
| 12 | $3,236 | 7.375% | — | 2 | +$259 | |
| 13 | $3,332 | 6.000% | — | 2 | +$355 | |
| 14 | $3,375 | 6.500% | — | 10 | +$398 | |
| 15 | $3,475 | 7.000% | — | 2 | +$498 | |
| 16 | $3,696 | 6.750% | — | 7 | +$719 | |
| 17 | $3,699 | 6.750% | — | 17 | +$722 | |
| 18 | $4,025 | 6.688% | — | 4 | +$1,048 | |
| 19 | $4,553 | 6.500% | — | 6 | +$1,576 | |
| 20 | $4,686 | 6.000% | — | 3 | +$1,709 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | 1st Source Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $2,977 | $7,127 | −$4,150 (−58.2%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.