Purchase Originations
4,262
Ranked #113 nationally
Median Total Costs
$3,957
−40.8% vs national ($6,680)
↑ $320 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,100
Median Lender Credits
$406
Cost Rank (500+ vol.)
#108
among lenders with 500+ originations
Denial Rate
8.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,895 | 6.375% | $3,829 | $1,100 |
| fha | 212 | 6.125% | $8,607 | $975 |
| va | 133 | 5.875% | $4,748 | $0 |
| usda | 22 | 6.250% | $5,580 | $1,087 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Indiana | 903 | 6.375% | $2,885 | #17 |
| Minnesota | 748 | 6.375% | $4,343 | #19 |
| Illinois | 692 | 6.375% | $5,798 | #31 |
| Michigan | 584 | 6.500% | $3,578 | #31 |
| Tennessee | 522 | 6.250% | $4,481 | #33 |
| Wisconsin | 279 | 6.375% | $3,238 | #45 |
| Kentucky | 191 | 6.375% | $3,857 | #59 |
| North Dakota | 61 | 6.450% | $3,645 | #26 |
| Iowa | 29 | 6.250% | $3,028 | — |
| Texas | 25 | 6.125% | $6,024 | — |
| Florida | 23 | 6.500% | $5,747 | — |
| Missouri | 23 | 6.000% | $3,747 | — |
| Kansas | 19 | 5.750% | $6,274 | — |
| South Carolina | 13 | 6.000% | $4,490 | — |
| Virginia | 12 | 6.188% | $4,019 | — |
| Arizona | 11 | 6.500% | $8,661 | — |
| Pennsylvania | 11 | 6.250% | $5,227 | — |
| Alabama | 10 | 6.125% | $3,637 | — |
| Georgia | 10 | 6.375% | $3,891 | — |
| North Carolina | 9 | 6.500% | $4,372 | — |
| New Mexico | 8 | 5.938% | $5,950 | — |
| California | 7 | 6.125% | $6,918 | — |
| Colorado | 7 | 6.500% | $5,303 | — |
| Ohio | 7 | 6.625% | $3,923 | — |
| Arkansas | 6 | 5.875% | $3,392 | — |
| Utah | 6 | 6.062% | $3,904 | — |
| Louisiana | 4 | 5.562% | $5,993 | — |
| Nevada | 4 | 6.250% | $5,225 | — |
| Oklahoma | 4 | 5.812% | $9,213 | — |
| Washington | 4 | 6.250% | $4,473 | — |
| Delaware | 3 | 6.625% | $4,550 | — |
| Idaho | 3 | 5.875% | $11,097 | — |
| Maine | 3 | 6.625% | $3,145 | — |
| Nebraska | 3 | 6.500% | $4,513 | — |
| New Jersey | 3 | 6.750% | $6,226 | — |
| Oregon | 3 | 6.375% | $6,973 | — |
| South Dakota | 3 | 6.000% | $3,966 | — |
| West Virginia | 2 | 5.562% | $9,984 | — |
| Connecticut | 1 | 6.000% | $2,425 | — |
| District of Columbia | 1 | 6.000% | $5,495 | — |
| Massachusetts | 1 | 6.875% | $4,520 | — |
| Maryland | 1 | 5.750% | $7,456 | — |
| Mississippi | 1 | 6.625% | $5,379 | — |
| Montana | 1 | 6.250% | $7,100 | — |
| Rhode Island | 1 | 6.000% | $10,757 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,623 | 6.375% | — | 56 | −$1,334 | |
| 2 | $2,681 | 6.375% | — | 75 | −$1,276 | |
| 3 | $2,722 | 6.500% | — | 39 | −$1,235 | |
| 4 | $2,732 | 6.250% | — | 274 | −$1,225 | |
| 5 | $2,948 | 6.500% | — | 91 | −$1,009 | |
| 6 | $2,984 | 6.375% | — | 60 | −$973 | |
| 7 | $3,406 | 6.375% | — | 263 | −$551 | |
| 8 | $3,413 | 6.375% | — | 48 | −$544 | |
| 9 | $3,671 | 6.500% | — | 65 | −$286 | |
| 10 | $3,823 | 6.375% | — | 98 | −$134 | |
| 11 | $3,880 | 6.375% | — | 78 | −$77 | |
| 12 | $4,100 | 6.375% | — | 184 | +$143 | |
| 13 | $4,293 | 6.375% | — | 65 | +$336 | |
| 14 | $4,298 | 6.375% | — | 209 | +$341 | |
| 15 | $4,457 | 6.250% | — | 51 | +$500 | |
| 16 | $5,288 | 6.438% | — | 80 | +$1,331 | |
| 17 | $5,553 | 6.375% | — | 90 | +$1,596 | |
| 18 | $5,786 | 6.500% | — | 65 | +$1,829 | |
| 19 | $5,956 | 6.375% | — | 367 | +$1,999 | |
| 20 | $6,091 | 6.125% | — | 49 | +$2,134 |
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 | Old National Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $3,957 | $7,127 | −$3,170 (−44.5%) |
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.