Purchase Originations
105
Median Total Costs
$5,934
−11.2% vs national ($6,680)
↑ $1,470 vs prior year
Median Rate
6.899%
+6.3% vs national (6.490%)
↓ 0.720% vs prior year
Median Origination
$2,759
Median Lender Credits
$19
Denial Rate
9.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 105 | 6.899% | $5,934 | $2,759 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,203 | 7.329% | — | 2 | −$2,731 | |
| 2 | $3,731 | 7.159% | — | 1 | −$2,203 | |
| 3 | $3,948 | 7.209% | — | 4 | −$1,986 | |
| 4 | $4,016 | 6.624% | — | 4 | −$1,918 | |
| 5 | $4,050 | 7.009% | — | 3 | −$1,884 | |
| 6 | $4,414 | 6.929% | — | 1 | −$1,520 | |
| 7 | $4,512 | 6.899% | — | 5 | −$1,422 | |
| 8 | $4,665 | 6.879% | — | 17 | −$1,269 | |
| 9 | $4,834 | 7.069% | — | 1 | −$1,100 | |
| 10 | $5,435 | 6.899% | — | 14 | −$499 | |
| 11 | $6,353 | 6.829% | — | 5 | +$419 | |
| 12 | $6,528 | 6.809% | — | 6 | +$594 | |
| 13 | $6,764 | 6.954% | — | 4 | +$830 | |
| 14 | $6,914 | 6.819% | — | 11 | +$980 | |
| 15 | $7,600 | 6.849% | — | 2 | +$1,666 | |
| 16 | $8,643 | 6.844% | — | 4 | +$2,709 | |
| 17 | $8,772 | 7.734% | — | 2 | +$2,838 | |
| 18 | $9,210 | 6.854% | — | 8 | +$3,276 | |
| 19 | $9,816 | 6.929% | — | 7 | +$3,882 | |
| 20 | $10,083 | 6.829% | — | 1 | +$4,149 |
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 | Armstrong Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $5,934 | $7,127 | −$1,193 (−16.7%) |
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.