Purchase Originations
155
Median Total Costs
$5,094
−23.7% vs national ($6,680)
↑ $159 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$2,625
Median Lender Credits
$544
Denial Rate
1.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 112 | 6.250% | $4,676 | $2,763 |
| fha | 29 | 6.000% | $7,137 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Dakota | 145 | 6.125% | $4,977 | #18 |
| Iowa | 5 | 6.490% | $5,289 | — |
| Minnesota | 4 | 6.375% | $6,922 | — |
| North Dakota | 1 | 6.500% | $5,277 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,630 | 6.625% | — | 1 | −$1,464 | |
| 2 | $3,965 | 6.500% | — | 1 | −$1,129 | |
| 3 | $4,020 | 6.490% | — | 1 | −$1,074 | |
| 4 | $4,305 | 5.625% | — | 1 | −$789 | |
| 5 | $4,587 | 6.375% | — | 2 | −$507 | |
| 6 | $4,831 | 6.438% | — | 2 | −$263 | |
| 7 | $4,892 | 6.125% | — | 83 | −$202 | |
| 8 | $5,257 | 6.500% | — | 2 | +$163 | |
| 9 | $5,277 | 6.500% | — | 1 | +$183 | |
| 10 | $5,289 | 6.558% | — | 2 | +$195 | |
| 11 | $5,289 | 5.875% | — | 1 | +$195 | |
| 12 | $5,451 | 6.000% | — | 47 | +$357 | |
| 13 | $5,665 | 6.000% | — | 3 | +$571 | |
| 14 | $5,759 | 6.500% | — | 1 | +$665 | |
| 15 | $5,765 | 5.938% | — | 2 | +$671 | |
| 16 | $6,035 | 5.750% | — | 1 | +$941 | |
| 17 | $6,361 | 6.500% | — | 1 | +$1,267 | |
| 18 | $7,482 | 6.250% | — | 1 | +$2,388 | |
| 19 | $8,707 | 5.875% | — | 1 | +$3,613 | |
| 20 | $9,185 | 5.375% | — | 1 | +$4,091 |
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 | Levo Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $5,094 | $7,127 | −$2,033 (−28.5%) |
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.