Purchase Originations
250
Median Total Costs
$3,296
−50.7% vs national ($6,680)
↑ $355 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$845
Median Lender Credits
$1,320
Denial Rate
8.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 243 | 6.625% | $3,269 | $882 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,336 | 6.688% | — | 2 | −$960 | |
| 2 | $2,709 | 6.750% | — | 3 | −$587 | |
| 3 | $2,824 | 6.625% | — | 26 | −$472 | |
| 4 | $2,896 | 6.250% | — | 5 | −$400 | |
| 5 | $2,974 | 6.688% | — | 20 | −$322 | |
| 6 | $3,078 | 6.500% | — | 3 | −$218 | |
| 7 | $3,120 | 6.124% | — | 3 | −$176 | |
| 8 | $3,145 | 6.500% | — | 12 | −$151 | |
| 9 | $3,171 | 6.125% | — | 13 | −$125 | |
| 10 | $3,199 | 6.500% | — | 11 | −$97 | |
| 11 | $3,305 | 6.375% | — | 4 | +$9 | |
| 12 | $3,365 | 6.375% | — | 22 | +$69 | |
| 13 | $3,392 | 6.688% | — | 12 | +$96 | |
| 14 | $3,495 | 6.625% | — | 59 | +$199 | |
| 15 | $3,564 | 6.750% | — | 13 | +$268 | |
| 16 | $3,621 | 6.938% | — | 2 | +$325 | |
| 17 | $3,670 | 6.500% | — | 6 | +$374 | |
| 18 | $3,975 | 6.375% | — | 5 | +$679 | |
| 19 | $4,021 | 6.250% | — | 3 | +$725 | |
| 20 | $4,379 | 6.625% | — | 9 | +$1,083 |
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 | ChoiceOne Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $3,296 | $7,127 | −$3,831 (−53.8%) |
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.