Purchase Originations
218
Median Total Costs
$6,941
+3.9% vs national ($6,680)
↑ $715 vs prior year
Median Rate
6.062%
−6.6% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$3,765
Median Lender Credits
$128
Denial Rate
4.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 147 | 6.250% | $6,212 | $3,940 |
| fha | 55 | 5.875% | $10,757 | $3,503 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 198 | 6.000% | $6,895 | #14 |
| Montana | 6 | 5.995% | $12,004 | — |
| Minnesota | 2 | 6.433% | $8,492 | — |
| Missouri | 2 | 6.000% | $6,383 | — |
| Texas | 2 | 6.250% | $5,732 | — |
| Wyoming | 2 | 6.250% | $5,705 | — |
| Alabama | 1 | 5.875% | $10,757 | — |
| Arkansas | 1 | 6.375% | $3,292 | — |
| Florida | 1 | 7.125% | $5,940 | — |
| Iowa | 1 | 5.750% | $8,332 | — |
| Indiana | 1 | 6.375% | $6,802 | — |
| Wisconsin | 1 | 5.875% | $6,728 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,292 | 6.375% | — | 1 | −$3,649 | |
| 2 | $4,794 | 6.500% | — | 2 | −$2,147 | |
| 3 | $5,435 | 6.000% | — | 11 | −$1,506 | |
| 4 | $5,940 | 7.125% | — | 1 | −$1,001 | |
| 5 | $5,946 | 6.058% | — | 18 | −$995 | |
| 6 | $6,083 | 5.750% | — | 23 | −$858 | |
| 7 | $6,303 | 6.125% | — | 7 | −$638 | |
| 8 | $6,522 | 6.125% | — | 10 | −$419 | |
| 9 | $6,654 | 5.875% | — | 8 | −$287 | |
| 10 | $6,802 | 6.375% | — | 1 | −$139 | |
| 11 | $7,164 | 6.125% | — | 9 | +$223 | |
| 12 | $7,167 | 5.990% | — | 82 | +$226 | |
| 13 | $7,455 | 6.490% | — | 1 | +$514 | |
| 14 | $7,599 | 6.625% | — | 1 | +$658 | |
| 15 | $7,930 | 6.250% | — | 18 | +$989 | |
| 16 | $8,332 | 5.750% | — | 1 | +$1,391 | |
| 17 | $9,528 | 6.375% | — | 1 | +$2,587 | |
| 18 | $10,757 | 5.875% | — | 1 | +$3,816 | |
| 19 | $12,004 | 5.683% | — | 2 | +$5,063 | |
| 20 | $17,447 | 5.375% | — | 1 | +$10,506 |
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 | Black Hills Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $6,941 | $7,127 | −$186 (−2.6%) |
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.