Purchase Originations
214
Median Total Costs
$3,304
−50.5% vs national ($6,680)
↑ $120 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.063% vs prior year
Median Origination
$878
Median Lender Credits
$161
Denial Rate
1.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 214 | 6.625% | $3,304 | $878 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $232 | 7.540% | — | 1 | −$3,072 | |
| 2 | $2,634 | 6.875% | — | 1 | −$670 | |
| 3 | $2,800 | 6.375% | — | 2 | −$504 | |
| 4 | $2,848 | 6.688% | — | 2 | −$456 | |
| 5 | $3,159 | 6.625% | — | 1 | −$145 | |
| 6 | $3,173 | 6.875% | — | 13 | −$131 | |
| 7 | $3,202 | 6.812% | — | 6 | −$102 | |
| 8 | $3,231 | 7.000% | — | 1 | −$73 | |
| 9 | $3,232 | 6.375% | — | 15 | −$72 | |
| 10 | $3,265 | 6.625% | — | 132 | −$39 | |
| 11 | $3,874 | 6.500% | — | 1 | +$570 | |
| 12 | $4,194 | 6.625% | — | 1 | +$890 | |
| 13 | $4,515 | 6.750% | — | 1 | +$1,211 | |
| 14 | $4,884 | 7.125% | — | 1 | +$1,580 | |
| 15 | $4,939 | 6.500% | — | 3 | +$1,635 | |
| 16 | $5,207 | 6.625% | — | 20 | +$1,903 | |
| 17 | $5,326 | 5.500% | — | 1 | +$2,022 | |
| 18 | $5,379 | 6.562% | — | 4 | +$2,075 | |
| 19 | $5,570 | 6.875% | — | 3 | +$2,266 | |
| 20 | $5,636 | 6.500% | — | 3 | +$2,332 |
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 Northern | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $3,304 | $7,127 | −$3,823 (−53.6%) |
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.