Purchase Originations
129
Median Total Costs
$5,072
−24.1% vs national ($6,680)
↓ $40 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$949
Median Lender Credits
$500
Denial Rate
15.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 129 | 6.500% | $5,072 | $949 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,673 | 6.125% | — | 1 | −$3,399 | |
| 2 | $2,133 | 6.438% | — | 2 | −$2,939 | |
| 3 | $2,452 | 6.500% | — | 1 | −$2,620 | |
| 4 | $2,556 | 6.375% | — | 7 | −$2,516 | |
| 5 | $2,583 | 6.312% | — | 6 | −$2,489 | |
| 6 | $3,023 | 6.312% | — | 2 | −$2,049 | |
| 7 | $3,138 | 6.438% | — | 2 | −$1,934 | |
| 8 | $3,432 | 6.250% | — | 2 | −$1,640 | |
| 9 | $3,856 | 6.750% | — | 1 | −$1,216 | |
| 10 | $3,925 | 6.000% | — | 2 | −$1,147 | |
| 11 | $4,402 | 6.875% | — | 1 | −$670 | |
| 12 | $4,883 | 5.875% | — | 2 | −$189 | |
| 13 | $4,890 | 6.750% | — | 8 | −$182 | |
| 14 | $5,082 | 6.625% | — | 12 | +$10 | |
| 15 | $5,350 | 6.625% | — | 16 | +$278 | |
| 16 | $5,410 | 6.500% | — | 38 | +$338 | |
| 17 | $5,510 | 6.562% | — | 8 | +$438 | |
| 18 | $5,561 | 6.812% | — | 6 | +$489 | |
| 19 | $7,417 | 6.750% | — | 2 | +$2,345 | |
| 20 | $11,150 | 5.500% | — | 1 | +$6,078 |
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 | First American Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $5,072 | $7,127 | −$2,055 (−28.8%) |
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.