Purchase Originations
160
Median Total Costs
$4,082
−38.9% vs national ($6,680)
↑ $270 vs prior year
Median Rate
5.500%
−15.3% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$950
Median Lender Credits
$1,000
Denial Rate
2.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 160 | 5.500% | $4,082 | $950 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 160 | 5.500% | $4,082 | #60 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,484 | 5.438% | — | 16 | −$598 | |
| 2 | $3,951 | 5.500% | — | 73 | −$131 | |
| 3 | $4,240 | 5.500% | — | 70 | +$158 | |
| 4 | $4,431 | 5.750% | — | 1 | +$349 |
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 | Florence Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $315,000 | $335,000 | −$20,000 (−6.0%) |
| Median total closing costs | $4,082 | $7,127 | −$3,045 (−42.7%) |
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.