Purchase Originations
1,133
Ranked #344 nationally
Median Total Costs
$3,552
−46.8% vs national ($6,680)
↓ $30 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,273
Median Lender Credits
$308
Cost Rank (500+ vol.)
#74
among lenders with 500+ originations
Denial Rate
2.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 888 | 6.625% | $3,271 | $1,316 |
| fha | 138 | 6.500% | $6,610 | $1,320 |
| va | 72 | 6.250% | $4,729 | $1,245 |
| usda | 35 | 6.375% | $4,294 | $1,045 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 984 | 6.625% | $3,657 | #21 |
| Wisconsin | 99 | 6.750% | $2,854 | #94 |
| Florida | 8 | 6.495% | $6,402 | — |
| Missouri | 8 | 6.562% | $3,404 | — |
| Georgia | 5 | 7.000% | $7,010 | — |
| North Carolina | 3 | 6.625% | $3,362 | — |
| Nebraska | 3 | 6.375% | $6,611 | — |
| South Carolina | 3 | 6.750% | $5,292 | — |
| Tennessee | 3 | 6.500% | $3,881 | — |
| Alabama | 2 | 6.625% | $3,010 | — |
| Arkansas | 2 | 6.438% | $7,219 | — |
| Iowa | 2 | 6.438% | $3,081 | — |
| Texas | 2 | 6.500% | $6,419 | — |
| Utah | 2 | 6.812% | $5,131 | — |
| Arizona | 1 | 5.750% | $8,448 | — |
| California | 1 | 6.375% | $24,080 | — |
| Colorado | 1 | 6.875% | $3,451 | — |
| Indiana | 1 | 7.250% | $6,038 | — |
| Michigan | 1 | 6.750% | $4,239 | — |
| Minnesota | 1 | 6.750% | $3,934 | — |
| Virginia | 1 | 6.750% | $5,599 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,796 | 6.500% | — | 16 | −$756 | |
| 2 | $2,852 | 6.625% | — | 12 | −$700 | |
| 3 | $2,854 | 6.875% | — | 37 | −$698 | |
| 4 | $2,854 | 6.688% | — | 22 | −$698 | |
| 5 | $2,952 | 6.750% | — | 16 | −$600 | |
| 6 | $3,272 | 6.625% | — | 25 | −$280 | |
| 7 | $3,403 | 6.625% | — | 32 | −$149 | |
| 8 | $3,411 | 6.625% | — | 574 | −$141 | |
| 9 | $3,731 | 6.625% | — | 26 | +$179 | |
| 10 | $4,049 | 6.750% | — | 35 | +$497 | |
| 11 | $4,090 | 6.562% | — | 50 | +$538 | |
| 12 | $4,093 | 6.312% | — | 10 | +$541 | |
| 13 | $4,173 | 6.500% | — | 22 | +$621 | |
| 14 | $5,521 | 6.125% | — | 8 | +$1,969 | |
| 15 | $5,689 | 6.812% | — | 12 | +$2,137 | |
| 16 | $5,915 | 6.625% | — | 13 | +$2,363 | |
| 17 | $5,960 | 6.750% | — | 25 | +$2,408 | |
| 18 | $5,972 | 6.558% | — | 10 | +$2,420 | |
| 19 | $6,008 | 6.812% | — | 24 | +$2,456 | |
| 20 | $6,291 | 6.625% | — | 10 | +$2,739 |
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 State Mortgage Services, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $3,552 | $7,127 | −$3,575 (−50.2%) |
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.