Purchase Originations
424
Median Total Costs
$2,380
−64.4% vs national ($6,680)
↑ $138 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$695
Median Lender Credits
$12
Denial Rate
5.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 424 | 6.625% | $2,380 | $695 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,161 | 6.375% | — | 5 | −$219 | |
| 2 | $2,162 | 6.750% | — | 4 | −$218 | |
| 3 | $2,164 | 6.500% | — | 5 | −$216 | |
| 4 | $2,242 | 6.250% | — | 6 | −$138 | |
| 5 | $2,273 | 6.625% | — | 86 | −$107 | |
| 6 | $2,278 | 6.625% | — | 4 | −$102 | |
| 7 | $2,294 | 6.625% | — | 21 | −$86 | |
| 8 | $2,297 | 6.625% | — | 55 | −$83 | |
| 9 | $2,321 | 6.625% | — | 10 | −$59 | |
| 10 | $2,335 | 6.750% | — | 47 | −$45 | |
| 11 | $2,377 | 6.875% | — | 3 | −$3 | |
| 12 | $2,380 | 6.438% | — | 6 | +$0 | |
| 13 | $2,394 | 6.750% | — | 17 | +$14 | |
| 14 | $2,397 | 6.750% | — | 21 | +$17 | |
| 15 | $2,399 | 6.750% | — | 43 | +$19 | |
| 16 | $2,457 | 7.000% | — | 3 | +$77 | |
| 17 | $2,515 | 6.625% | — | 6 | +$135 | |
| 18 | $2,547 | 6.375% | — | 4 | +$167 | |
| 19 | $2,751 | 6.625% | — | 41 | +$371 | |
| 20 | $2,805 | 6.625% | — | 5 | +$425 |
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 | Morton Community Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $165,000 | $335,000 | −$170,000 (−50.7%) |
| Median total closing costs | $2,380 | $7,127 | −$4,747 (−66.6%) |
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.