Purchase Originations
335
Median Total Costs
$2,662
−60.1% vs national ($6,680)
↓ $38 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$494
Median Lender Credits
$137
Denial Rate
3.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 280 | 6.375% | $2,550 | $494 |
| fha | 30 | 6.000% | $7,309 | $494 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 317 | 6.125% | $2,659 | #5 |
| Nebraska | 6 | 6.500% | $2,163 | — |
| Minnesota | 5 | 6.500% | $4,082 | — |
| Iowa | 2 | 7.013% | $5,406 | — |
| North Dakota | 2 | 6.312% | $2,609 | — |
| Arkansas | 1 | 5.875% | $3,333 | — |
| Colorado | 1 | 6.375% | $2,599 | — |
| Kansas | 1 | 6.750% | $2,105 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,994 | 5.500% | — | 2 | −$668 | |
| 2 | $2,114 | 6.500% | — | 3 | −$548 | |
| 3 | $2,292 | 6.000% | — | 21 | −$370 | |
| 4 | $2,383 | 6.500% | — | 3 | −$279 | |
| 5 | $2,513 | 6.375% | — | 103 | −$149 | |
| 6 | $2,542 | 6.250% | — | 10 | −$120 | |
| 7 | $2,562 | 6.250% | — | 18 | −$100 | |
| 8 | $2,603 | 6.000% | — | 58 | −$59 | |
| 9 | $2,665 | 6.125% | — | 8 | +$3 | |
| 10 | $2,707 | 6.500% | — | 5 | +$45 | |
| 11 | $2,828 | 5.625% | — | 5 | +$166 | |
| 12 | $2,912 | 6.375% | — | 4 | +$250 | |
| 13 | $2,936 | 6.250% | — | 40 | +$274 | |
| 14 | $3,406 | 6.625% | — | 8 | +$744 | |
| 15 | $3,474 | 6.438% | — | 2 | +$812 | |
| 16 | $3,722 | 6.188% | — | 2 | +$1,060 | |
| 17 | $3,957 | 6.120% | — | 12 | +$1,295 | |
| 18 | $4,255 | 6.188% | — | 4 | +$1,593 | |
| 19 | $5,608 | 6.375% | — | 4 | +$2,946 | |
| 20 | $8,764 | 5.933% | — | 2 | +$6,102 |
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 Dakota National Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $2,662 | $7,127 | −$4,465 (−62.6%) |
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.