Purchase Originations
289
Median Total Costs
$4,678
−30.0% vs national ($6,680)
↑ $188 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,095
Median Lender Credits
$445
Denial Rate
20.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 228 | 6.750% | $4,185 | $1,364 |
| fha | 44 | 6.125% | $6,777 | $1,095 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Montana | 72 | 6.875% | $6,227 | #27 |
| Iowa | 59 | 6.625% | $2,994 | #76 |
| South Dakota | 55 | 6.375% | $4,524 | #31 |
| Wyoming | 50 | 6.562% | $4,135 | #22 |
| Nebraska | 16 | 6.438% | $3,561 | — |
| Oregon | 16 | 7.625% | $10,152 | — |
| Idaho | 7 | 6.750% | $7,456 | — |
| Arizona | 4 | 6.938% | $5,614 | — |
| Missouri | 3 | 6.625% | $3,193 | — |
| Washington | 3 | 6.625% | $5,190 | — |
| Minnesota | 2 | 6.938% | $8,685 | — |
| North Dakota | 2 | 6.500% | $5,411 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,560 | 6.750% | — | 8 | −$2,118 | |
| 2 | $2,637 | 6.625% | — | 6 | −$2,041 | |
| 3 | $2,766 | 6.375% | — | 4 | −$1,912 | |
| 4 | $2,896 | 6.750% | — | 7 | −$1,782 | |
| 5 | $2,904 | 6.438% | — | 6 | −$1,774 | |
| 6 | $3,402 | 7.000% | — | 5 | −$1,276 | |
| 7 | $3,685 | 6.000% | — | 5 | −$993 | |
| 8 | $3,692 | 6.438% | — | 8 | −$986 | |
| 9 | $3,779 | 6.375% | — | 9 | −$899 | |
| 10 | $4,252 | 6.750% | — | 6 | −$426 | |
| 11 | $4,287 | 6.125% | — | 6 | −$391 | |
| 12 | $4,412 | 6.562% | — | 8 | −$266 | |
| 13 | $4,482 | 6.562% | — | 6 | −$196 | |
| 14 | $4,801 | 6.500% | — | 13 | +$123 | |
| 15 | $5,137 | 6.250% | — | 10 | +$459 | |
| 16 | $6,823 | 6.812% | — | 6 | +$2,145 | |
| 17 | $8,169 | 6.438% | — | 4 | +$3,491 | |
| 18 | $9,049 | 6.875% | — | 5 | +$4,371 | |
| 19 | $9,271 | 7.625% | — | 7 | +$4,593 | |
| 20 | $10,279 | 7.000% | — | 12 | +$5,601 |
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 Interstate Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $4,678 | $7,127 | −$2,449 (−34.4%) |
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.