Purchase Originations
373
Median Total Costs
$2,672
−60.0% vs national ($6,680)
↓ $9 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$645
Median Lender Credits
$125
Denial Rate
6.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 371 | 6.375% | $2,671 | $645 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,251 | 6.375% | — | 30 | −$421 | |
| 2 | $2,254 | 6.125% | — | 6 | −$418 | |
| 3 | $2,257 | 6.375% | — | 12 | −$415 | |
| 4 | $2,337 | 6.250% | — | 6 | −$335 | |
| 5 | $2,486 | 6.250% | — | 5 | −$186 | |
| 6 | $2,507 | 6.562% | — | 6 | −$165 | |
| 7 | $2,541 | 6.375% | — | 5 | −$131 | |
| 8 | $2,559 | 6.375% | — | 21 | −$113 | |
| 9 | $2,626 | 6.625% | — | 5 | −$46 | |
| 10 | $2,696 | 6.125% | — | 143 | +$24 | |
| 11 | $2,732 | 6.750% | — | 5 | +$60 | |
| 12 | $2,826 | 6.500% | — | 15 | +$154 | |
| 13 | $2,865 | 6.375% | — | 7 | +$193 | |
| 14 | $3,008 | 6.375% | — | 15 | +$336 | |
| 15 | $3,042 | 6.188% | — | 4 | +$370 | |
| 16 | $3,191 | 6.312% | — | 6 | +$519 | |
| 17 | $3,439 | 6.625% | — | 5 | +$767 | |
| 18 | $4,486 | 6.125% | — | 5 | +$1,814 | |
| 19 | $5,297 | 5.500% | — | 5 | +$2,625 | |
| 20 | $9,619 | 6.125% | — | 5 | +$6,947 |
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 | MidWestOne Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $2,672 | $7,127 | −$4,455 (−62.5%) |
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.