Purchase Originations
354
Median Total Costs
$5,171
−22.6% vs national ($6,680)
↓ $1,618 vs prior year
Median Rate
6.438%
−0.8% vs national (6.490%)
↓ 0.437% vs prior year
Median Origination
$995
Median Lender Credits
$250
Denial Rate
3.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 287 | 6.625% | $4,651 | $995 |
| fha | 44 | 6.000% | $9,457 | $995 |
| va | 21 | 6.125% | $3,983 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 209 | 6.500% | $5,193 | #74 |
| Alabama | 83 | 6.375% | $3,965 | #105 |
| Florida | 30 | 6.750% | $7,769 | — |
| Georgia | 23 | 6.250% | $7,122 | — |
| South Carolina | 4 | 6.562% | $4,231 | — |
| Illinois | 1 | 6.000% | $3,756 | — |
| Louisiana | 1 | 5.625% | $6,258 | — |
| Mississippi | 1 | 6.375% | $3,594 | — |
| North Carolina | 1 | 7.625% | $3,802 | — |
| Virginia | 1 | 4.875% | $3,755 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,628 | 6.188% | — | 6 | −$2,543 | |
| 2 | $2,969 | 7.375% | — | 5 | −$2,202 | |
| 3 | $3,193 | 6.312% | — | 6 | −$1,978 | |
| 4 | $3,705 | 6.125% | — | 13 | −$1,466 | |
| 5 | $3,867 | 6.375% | — | 20 | −$1,304 | |
| 6 | $4,597 | 6.375% | — | 56 | −$574 | |
| 7 | $4,697 | 6.188% | — | 6 | −$474 | |
| 8 | $4,758 | 6.125% | — | 13 | −$413 | |
| 9 | $4,878 | 6.438% | — | 6 | −$293 | |
| 10 | $5,110 | 6.250% | — | 23 | −$61 | |
| 11 | $5,288 | 6.375% | — | 7 | +$117 | |
| 12 | $5,513 | 6.750% | — | 7 | +$342 | |
| 13 | $5,578 | 6.312% | — | 26 | +$407 | |
| 14 | $5,862 | 7.500% | — | 19 | +$691 | |
| 15 | $6,093 | 6.750% | — | 22 | +$922 | |
| 16 | $6,491 | 6.125% | — | 7 | +$1,320 | |
| 17 | $6,989 | 6.438% | — | 14 | +$1,818 | |
| 18 | $8,250 | 6.875% | — | 5 | +$3,079 | |
| 19 | $8,686 | 5.938% | — | 6 | +$3,515 | |
| 20 | $9,277 | 6.562% | — | 6 | +$4,106 |
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 | SmartBank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $365,000 | $335,000 | +$30,000 (+9.0%) |
| Median total closing costs | $5,171 | $7,127 | −$1,956 (−27.4%) |
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.