Purchase Originations
256
Median Total Costs
$5,224
−21.8% vs national ($6,680)
↑ $89 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,300
Median Lender Credits
$1,481
Denial Rate
7.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 243 | 6.250% | $5,190 | $1,300 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 195 | 6.125% | $5,425 | #53 |
| New York | 22 | 6.312% | $4,787 | — |
| Rhode Island | 16 | 6.500% | $4,424 | — |
| Connecticut | 13 | 6.375% | $4,649 | — |
| Florida | 3 | 6.750% | $5,519 | — |
| New Hampshire | 3 | 5.250% | $4,171 | — |
| New Jersey | 2 | 6.875% | $5,420 | — |
| Maine | 1 | 6.875% | $3,840 | — |
| Vermont | 1 | 6.875% | $4,702 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,439 | 6.375% | — | 2 | −$1,785 | |
| 2 | $3,876 | 6.000% | — | 2 | −$1,348 | |
| 3 | $4,026 | 6.375% | — | 9 | −$1,198 | |
| 4 | $4,128 | 6.375% | — | 3 | −$1,096 | |
| 5 | $4,425 | 6.562% | — | 8 | −$799 | |
| 6 | $4,530 | 6.500% | — | 5 | −$694 | |
| 7 | $4,614 | 6.188% | — | 2 | −$610 | |
| 8 | $4,618 | 6.500% | — | 3 | −$606 | |
| 9 | $4,685 | 6.500% | — | 4 | −$539 | |
| 10 | $4,693 | 6.438% | — | 22 | −$531 | |
| 11 | $4,700 | 6.062% | — | 6 | −$524 | |
| 12 | $5,067 | 6.625% | — | 2 | −$157 | |
| 13 | $5,188 | 6.500% | — | 3 | −$36 | |
| 14 | $5,214 | 6.125% | — | 7 | −$10 | |
| 15 | $5,511 | 6.000% | — | 86 | +$287 | |
| 16 | $5,515 | 6.062% | — | 20 | +$291 | |
| 17 | $5,568 | 6.000% | — | 38 | +$344 | |
| 18 | $5,688 | 6.938% | — | 2 | +$464 | |
| 19 | $6,214 | 6.000% | — | 6 | +$990 | |
| 20 | $11,344 | 5.688% | — | 2 | +$6,120 |
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 | Berkshire Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $605,000 | $335,000 | +$270,000 (+80.6%) |
| Median total closing costs | $5,224 | $7,127 | −$1,903 (−26.7%) |
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.