Purchase Originations
220
Median Total Costs
$4,752
−28.9% vs national ($6,680)
↑ $152 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↑ 0.125% vs prior year
Median Origination
$2,512
Median Lender Credits
$42
Denial Rate
5.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 218 | 6.250% | $4,772 | $2,526 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 197 | 6.250% | $4,748 | #64 |
| South Dakota | 13 | 6.000% | $4,230 | — |
| Wisconsin | 4 | 6.625% | $8,318 | — |
| Florida | 2 | 7.625% | $15,485 | — |
| North Dakota | 2 | 6.062% | $5,342 | — |
| Iowa | 1 | 5.125% | $4,127 | — |
| Washington | 1 | 6.125% | $10,059 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,523 | 6.250% | — | 13 | −$1,229 | |
| 2 | $3,998 | 6.188% | — | 8 | −$754 | |
| 3 | $4,078 | 6.000% | — | 29 | −$674 | |
| 4 | $4,198 | 7.750% | — | 3 | −$554 | |
| 5 | $4,295 | 6.312% | — | 4 | −$457 | |
| 6 | $4,361 | 5.750% | — | 3 | −$391 | |
| 7 | $4,439 | 5.812% | — | 6 | −$313 | |
| 8 | $4,544 | 6.000% | — | 4 | −$208 | |
| 9 | $4,657 | 6.062% | — | 4 | −$95 | |
| 10 | $4,725 | 6.250% | — | 20 | −$27 | |
| 11 | $4,938 | 6.375% | — | 9 | +$186 | |
| 12 | $5,329 | 6.000% | — | 6 | +$577 | |
| 13 | $5,358 | 5.870% | — | 4 | +$606 | |
| 14 | $5,365 | 6.000% | — | 3 | +$613 | |
| 15 | $5,492 | 6.000% | — | 10 | +$740 | |
| 16 | $5,588 | 6.062% | — | 8 | +$836 | |
| 17 | $5,789 | 6.438% | — | 4 | +$1,037 | |
| 18 | $6,134 | 6.438% | — | 4 | +$1,382 | |
| 19 | $6,748 | 6.375% | — | 14 | +$1,996 | |
| 20 | $8,118 | 5.683% | — | 8 | +$3,366 |
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 | Minnwest Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $4,752 | $7,127 | −$2,375 (−33.3%) |
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.