Purchase Originations
935
Ranked #398 nationally
Median Total Costs
$4,185
−37.4% vs national ($6,680)
↑ $239 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,353
Median Lender Credits
$433
Cost Rank (500+ vol.)
#124
among lenders with 500+ originations
Denial Rate
5.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 866 | 6.625% | $4,149 | $1,353 |
| fha | 51 | 6.375% | $7,404 | $1,353 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,428 | 6.750% | — | 12 | −$757 | |
| 2 | $3,745 | 6.625% | — | 21 | −$440 | |
| 3 | $3,813 | 6.688% | — | 12 | −$372 | |
| 4 | $3,887 | 6.625% | — | 42 | −$298 | |
| 5 | $3,981 | 6.625% | — | 19 | −$204 | |
| 6 | $4,044 | 6.625% | — | 17 | −$141 | |
| 7 | $4,154 | 6.625% | — | 16 | −$31 | |
| 8 | $4,163 | 6.625% | — | 29 | −$22 | |
| 9 | $4,164 | 6.625% | — | 25 | −$21 | |
| 10 | $4,174 | 6.750% | — | 15 | −$11 | |
| 11 | $4,182 | 6.750% | — | 16 | −$3 | |
| 12 | $4,198 | 6.625% | — | 136 | +$13 | |
| 13 | $4,278 | 6.625% | — | 58 | +$93 | |
| 14 | $4,394 | 6.625% | — | 113 | +$209 | |
| 15 | $4,441 | 6.625% | — | 125 | +$256 | |
| 16 | $4,633 | 6.625% | — | 14 | +$448 | |
| 17 | $4,637 | 6.625% | — | 16 | +$452 | |
| 18 | $5,019 | 6.812% | — | 16 | +$834 | |
| 19 | $5,075 | 6.625% | — | 21 | +$890 | |
| 20 | $5,371 | 6.625% | — | 25 | +$1,186 |
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 | Independent Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $4,185 | $7,127 | −$2,942 (−41.3%) |
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.