Purchase Originations
225
Median Total Costs
$6,260
−6.3% vs national ($6,680)
↑ $302 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$2,973
Median Lender Credits
$88
Denial Rate
42.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 152 | 6.375% | $5,859 | $3,479 |
| fha | 50 | 5.990% | $8,168 | $1,298 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 202 | 6.125% | $6,083 | #12 |
| North Dakota | 5 | 6.000% | $6,623 | — |
| Minnesota | 4 | 6.750% | $7,732 | — |
| Nebraska | 4 | 6.375% | $7,145 | — |
| Iowa | 3 | 6.125% | $6,827 | — |
| Montana | 2 | 6.562% | $9,955 | — |
| Wyoming | 2 | 6.875% | $12,670 | — |
| Colorado | 1 | 5.875% | $13,391 | — |
| Indiana | 1 | 5.990% | $3,334 | — |
| Maine | 1 | 5.500% | $6,724 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,715 | 6.375% | — | 3 | −$1,545 | |
| 2 | $4,754 | 6.000% | — | 3 | −$1,506 | |
| 3 | $4,806 | 6.188% | — | 4 | −$1,454 | |
| 4 | $5,245 | 6.058% | — | 4 | −$1,015 | |
| 5 | $5,250 | 6.375% | — | 5 | −$1,010 | |
| 6 | $5,284 | 5.500% | — | 4 | −$976 | |
| 7 | $5,610 | 6.250% | — | 4 | −$650 | |
| 8 | $5,713 | 6.875% | — | 3 | −$547 | |
| 9 | $5,797 | 6.375% | — | 9 | −$463 | |
| 10 | $6,079 | 6.188% | — | 8 | −$181 | |
| 11 | $6,124 | 5.990% | — | 72 | −$136 | |
| 12 | $6,230 | 6.125% | — | 9 | −$30 | |
| 13 | $6,405 | 6.500% | — | 4 | +$145 | |
| 14 | $6,487 | 6.438% | — | 10 | +$227 | |
| 15 | $6,949 | 6.125% | — | 9 | +$689 | |
| 16 | $7,029 | 6.062% | — | 8 | +$769 | |
| 17 | $7,161 | 6.000% | — | 3 | +$901 | |
| 18 | $7,690 | 6.250% | — | 3 | +$1,430 | |
| 19 | $8,147 | 6.375% | — | 3 | +$1,887 | |
| 20 | $8,510 | 6.250% | — | 7 | +$2,250 |
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 | Bankwest, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $235,000 | $335,000 | −$100,000 (−29.9%) |
| Median total closing costs | $6,260 | $7,127 | −$867 (−12.2%) |
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.