Purchase Originations
166
Median Total Costs
$3,252
−51.3% vs national ($6,680)
↑ $64 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,000
Median Lender Credits
$50
Denial Rate
0.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 159 | 6.625% | $3,213 | $1,000 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 166 | 6.625% | $3,252 | #68 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $771 | 6.375% | — | 1 | −$2,481 | |
| 2 | $922 | 6.812% | — | 2 | −$2,330 | |
| 3 | $1,263 | 6.750% | — | 1 | −$1,989 | |
| 4 | $1,929 | 6.000% | — | 1 | −$1,323 | |
| 5 | $2,104 | 6.562% | — | 2 | −$1,148 | |
| 6 | $2,122 | 6.625% | — | 1 | −$1,130 | |
| 7 | $2,346 | 6.438% | — | 12 | −$906 | |
| 8 | $2,453 | 6.125% | — | 1 | −$799 | |
| 9 | $3,009 | 6.500% | — | 1 | −$243 | |
| 10 | $3,129 | 6.625% | — | 33 | −$123 | |
| 11 | $3,165 | 6.312% | — | 6 | −$87 | |
| 12 | $3,329 | 6.625% | — | 86 | +$77 | |
| 13 | $3,460 | 6.875% | — | 1 | +$208 | |
| 14 | $3,491 | 6.875% | — | 8 | +$239 | |
| 15 | $4,462 | 7.125% | — | 3 | +$1,210 | |
| 16 | $4,663 | 6.000% | — | 1 | +$1,411 | |
| 17 | $4,831 | 6.500% | — | 1 | +$1,579 | |
| 18 | $5,600 | 7.125% | — | 1 | +$2,348 | |
| 19 | $5,918 | 6.875% | — | 1 | +$2,666 | |
| 20 | $7,668 | 6.000% | — | 1 | +$4,416 |
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 | Liberty Bank Minnesota | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $3,252 | $7,127 | −$3,875 (−54.4%) |
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.