Purchase Originations
415
Median Total Costs
$5,516
−17.4% vs national ($6,680)
↑ $238 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$928
Median Lender Credits
$250
Denial Rate
15.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 279 | 6.375% | $4,109 | $2,075 |
| fha | 106 | 6.062% | $7,524 | $499 |
| va | 26 | 5.990% | $8,170 | $2,775 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 396 | 6.125% | $5,508 | #4 |
| Iowa | 9 | 6.250% | $6,558 | — |
| Minnesota | 9 | 6.375% | $4,979 | — |
| Nebraska | 1 | 6.250% | $8,183 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,386 | 6.500% | — | 5 | −$3,130 | |
| 2 | $3,678 | 6.433% | — | 4 | −$1,838 | |
| 3 | $3,955 | 6.188% | — | 2 | −$1,561 | |
| 4 | $4,012 | 6.125% | — | 18 | −$1,504 | |
| 5 | $4,338 | 6.000% | — | 5 | −$1,178 | |
| 6 | $4,588 | 6.062% | — | 8 | −$928 | |
| 7 | $4,606 | 6.558% | — | 2 | −$910 | |
| 8 | $5,174 | 5.750% | — | 1 | −$342 | |
| 9 | $5,255 | 6.125% | — | 21 | −$261 | |
| 10 | $5,482 | 6.245% | — | 210 | −$34 | |
| 11 | $5,516 | 6.000% | — | 5 | +$0 | |
| 12 | $5,668 | 6.250% | — | 3 | +$152 | |
| 13 | $5,886 | 6.433% | — | 4 | +$370 | |
| 14 | $5,894 | 6.188% | — | 4 | +$378 | |
| 15 | $6,008 | 6.125% | — | 86 | +$492 | |
| 16 | $6,230 | 6.495% | — | 4 | +$714 | |
| 17 | $6,484 | 6.188% | — | 2 | +$968 | |
| 18 | $7,084 | 6.375% | — | 7 | +$1,568 | |
| 19 | $8,031 | 6.490% | — | 2 | +$2,515 | |
| 20 | $8,431 | 5.990% | — | 3 | +$2,915 |
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 PREMIER Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $5,516 | $7,127 | −$1,611 (−22.6%) |
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.