Purchase Originations
513
Ranked #612 nationally
Median Total Costs
$2,195
−67.1% vs national ($6,680)
↓ $2 vs prior year
Median Rate
6.550%
+0.9% vs national (6.490%)
↓ 0.075% vs prior year
Median Origination
$467
Median Lender Credits
$65
Cost Rank (500+ vol.)
#16
among lenders with 500+ originations
Denial Rate
5.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 482 | 6.575% | $2,164 | $467 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 402 | 6.525% | $2,063 | #60 |
| Missouri | 77 | 6.625% | $3,375 | #115 |
| Florida | 5 | 6.625% | $5,308 | — |
| Nebraska | 4 | 7.375% | $1,614 | — |
| Arizona | 3 | 6.875% | $5,412 | — |
| Georgia | 2 | 6.562% | $4,420 | — |
| Kentucky | 2 | 7.745% | $2,609 | — |
| Louisiana | 2 | 6.500% | $5,411 | — |
| Michigan | 2 | 6.875% | $3,681 | — |
| New Jersey | 2 | 6.780% | $12,818 | — |
| Texas | 2 | 6.737% | $16,327 | — |
| Alabama | 1 | 6.343% | $2,296 | — |
| Arkansas | 1 | 8.500% | $764 | — |
| California | 1 | 6.000% | $22,013 | — |
| Indiana | 1 | 6.000% | $2,511 | — |
| Kansas | 1 | 6.375% | $7,882 | — |
| Maryland | 1 | 6.375% | $4,720 | — |
| Ohio | 1 | 7.075% | $4,039 | — |
| Oklahoma | 1 | 7.250% | $2,768 | — |
| Oregon | 1 | 6.650% | $3,798 | — |
| South Carolina | 1 | 5.850% | $4,469 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,522 | 6.700% | — | 6 | −$673 | |
| 2 | $1,662 | 6.825% | — | 3 | −$533 | |
| 3 | $1,852 | 6.500% | — | 4 | −$343 | |
| 4 | $1,877 | 6.650% | — | 10 | −$318 | |
| 5 | $1,891 | 6.250% | — | 5 | −$304 | |
| 6 | $2,031 | 6.175% | — | 42 | −$164 | |
| 7 | $2,055 | 6.575% | — | 261 | −$140 | |
| 8 | $2,068 | 6.500% | — | 9 | −$127 | |
| 9 | $2,091 | 5.875% | — | 4 | −$104 | |
| 10 | $2,166 | 6.625% | — | 21 | −$29 | |
| 11 | $2,203 | 6.450% | — | 5 | +$8 | |
| 12 | $2,433 | 6.124% | — | 10 | +$238 | |
| 13 | $2,908 | 5.875% | — | 3 | +$713 | |
| 14 | $3,356 | 6.775% | — | 6 | +$1,161 | |
| 15 | $3,379 | 6.599% | — | 18 | +$1,184 | |
| 16 | $3,468 | 6.542% | — | 26 | +$1,273 | |
| 17 | $3,475 | 6.750% | — | 4 | +$1,280 | |
| 18 | $3,520 | 6.125% | — | 3 | +$1,325 | |
| 19 | $3,555 | 6.938% | — | 6 | +$1,360 | |
| 20 | $3,642 | 6.375% | — | 6 | +$1,447 |
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 | Bank of Springfield | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $2,195 | $7,127 | −$4,932 (−69.2%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.