Purchase Originations
462
Median Total Costs
$5,065
−24.2% vs national ($6,680)
↑ $240 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,661
Median Lender Credits
$200
Denial Rate
3.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 452 | 6.500% | $5,023 | $2,616 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 403 | 6.500% | $5,051 | #37 |
| Wisconsin | 43 | 6.530% | $5,055 | — |
| North Dakota | 11 | 6.125% | $5,433 | — |
| Florida | 2 | 6.315% | $5,997 | — |
| South Dakota | 2 | 6.755% | $6,476 | — |
| Colorado | 1 | 6.750% | $3,353 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,013 | 6.780% | — | 17 | −$2,052 | |
| 2 | $3,526 | 6.875% | — | 11 | −$1,539 | |
| 3 | $4,299 | 6.125% | — | 17 | −$766 | |
| 4 | $4,384 | 6.500% | — | 14 | −$681 | |
| 5 | $4,411 | 6.688% | — | 8 | −$654 | |
| 6 | $4,502 | 6.375% | — | 14 | −$563 | |
| 7 | $4,525 | 6.625% | — | 10 | −$540 | |
| 8 | $4,677 | 6.188% | — | 18 | −$388 | |
| 9 | $4,819 | 6.250% | — | 7 | −$246 | |
| 10 | $4,836 | 6.562% | — | 8 | −$229 | |
| 11 | $5,003 | 6.570% | — | 65 | −$62 | |
| 12 | $5,236 | 6.562% | — | 16 | +$171 | |
| 13 | $5,338 | 6.418% | — | 8 | +$273 | |
| 14 | $5,474 | 6.625% | — | 11 | +$409 | |
| 15 | $5,666 | 6.500% | — | 15 | +$601 | |
| 16 | $5,700 | 6.062% | — | 8 | +$635 | |
| 17 | $5,823 | 6.922% | — | 10 | +$758 | |
| 18 | $5,831 | 6.230% | — | 34 | +$766 | |
| 19 | $5,991 | 6.500% | — | 9 | +$926 | |
| 20 | $6,221 | 6.375% | — | 25 | +$1,156 |
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 | Frandsen Bank & Trust | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $5,065 | $7,127 | −$2,062 (−28.9%) |
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.