Purchase Originations
257
Median Total Costs
$4,109
−38.5% vs national ($6,680)
↑ $85 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,003
Median Lender Credits
$250
Denial Rate
6.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 233 | 6.125% | $4,007 | $1,003 |
| usda | 24 | 6.000% | $5,682 | $1,003 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Pennsylvania | 251 | 6.125% | $4,105 | #89 |
| West Virginia | 2 | 7.062% | $4,156 | — |
| District of Columbia | 1 | 6.750% | $6,954 | — |
| Florida | 1 | 5.375% | $3,927 | — |
| Maryland | 1 | 5.125% | $5,089 | — |
| Virginia | 1 | 5.625% | $4,685 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,914 | 7.875% | — | 1 | −$1,195 | |
| 2 | $3,719 | 6.125% | — | 19 | −$390 | |
| 3 | $3,780 | 6.250% | — | 5 | −$329 | |
| 4 | $3,927 | 5.375% | — | 1 | −$182 | |
| 5 | $3,935 | 6.625% | — | 1 | −$174 | |
| 6 | $4,033 | 5.990% | — | 62 | −$76 | |
| 7 | $4,129 | 6.250% | — | 50 | +$20 | |
| 8 | $4,175 | 6.125% | — | 91 | +$66 | |
| 9 | $4,267 | 5.875% | — | 11 | +$158 | |
| 10 | $4,412 | 6.375% | — | 1 | +$303 | |
| 11 | $4,685 | 5.625% | — | 1 | +$576 | |
| 12 | $4,728 | 6.188% | — | 6 | +$619 | |
| 13 | $4,787 | 6.125% | — | 1 | +$678 | |
| 14 | $5,089 | 5.125% | — | 1 | +$980 | |
| 15 | $5,398 | 6.250% | — | 1 | +$1,289 | |
| 16 | $6,027 | 5.250% | — | 1 | +$1,918 | |
| 17 | $6,954 | 6.750% | — | 1 | +$2,845 | |
| 18 | $6,995 | 6.625% | — | 3 | +$2,886 |
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 | Somerset Trust Company | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $185,000 | $335,000 | −$150,000 (−44.8%) |
| Median total closing costs | $4,109 | $7,127 | −$3,018 (−42.3%) |
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.