Purchase Originations
270
Median Total Costs
$3,525
−47.2% vs national ($6,680)
↑ $1,490 vs prior year
Median Rate
6.875%
+5.9% vs national (6.490%)
↓ 1.625% vs prior year
Median Origination
$1,395
Median Lender Credits
$268
Denial Rate
10.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 237 | 7.000% | $2,948 | $1,395 |
| fha | 33 | 6.000% | $9,086 | $2,622 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 151 | 7.000% | $2,456 | #50 |
| Mississippi | 44 | 7.312% | $3,795 | — |
| Tennessee | 37 | 6.375% | $6,394 | — |
| Alabama | 20 | 6.750% | $6,859 | — |
| Georgia | 8 | 6.312% | $8,720 | — |
| Louisiana | 2 | 4.375% | $2,620 | — |
| Ohio | 2 | 5.875% | $5,845 | — |
| Texas | 2 | 6.688% | $17,274 | — |
| Virginia | 2 | 6.250% | $5,912 | — |
| Illinois | 1 | 1.000% | $8,094 | — |
| Pennsylvania | 1 | 7.500% | $6,852 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,458 | 7.500% | — | 8 | −$2,067 | |
| 2 | $1,600 | 7.000% | — | 6 | −$1,925 | |
| 3 | $1,674 | 7.500% | — | 9 | −$1,851 | |
| 4 | $2,163 | 7.500% | — | 6 | −$1,362 | |
| 5 | $2,235 | 7.500% | — | 6 | −$1,290 | |
| 6 | $2,312 | 7.500% | — | 18 | −$1,213 | |
| 7 | $2,420 | 7.500% | — | 6 | −$1,105 | |
| 8 | $2,423 | 6.720% | — | 15 | −$1,102 | |
| 9 | $2,574 | 6.125% | — | 8 | −$951 | |
| 10 | $2,737 | 7.250% | — | 28 | −$788 | |
| 11 | $3,612 | 6.750% | — | 5 | +$87 | |
| 12 | $3,837 | 6.125% | — | 5 | +$312 | |
| 13 | $4,096 | 6.188% | — | 10 | +$571 | |
| 14 | $5,195 | 6.062% | — | 12 | +$1,670 | |
| 15 | $6,047 | 7.000% | — | 9 | +$2,522 | |
| 16 | $6,120 | 6.000% | — | 5 | +$2,595 | |
| 17 | $6,543 | 6.188% | — | 6 | +$3,018 | |
| 18 | $8,203 | 6.125% | — | 7 | +$4,678 | |
| 19 | $8,751 | 6.125% | — | 10 | +$5,226 | |
| 20 | $9,342 | 7.375% | — | 6 | +$5,817 |
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 | Southern Bancorp Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $3,525 | $7,127 | −$3,602 (−50.5%) |
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.