Purchase Originations
304
Median Total Costs
$2,247
−66.4% vs national ($6,680)
↑ $162 vs prior year
Median Rate
6.875%
+5.9% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$700
Median Lender Credits
$66
Denial Rate
7.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 290 | 6.875% | $2,209 | $700 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,770 | 7.450% | — | 13 | −$477 | |
| 2 | $1,930 | 7.250% | — | 7 | −$317 | |
| 3 | $1,939 | 7.250% | — | 17 | −$308 | |
| 4 | $1,955 | 6.875% | — | 5 | −$292 | |
| 5 | $1,974 | 7.000% | — | 11 | −$273 | |
| 6 | $2,061 | 6.950% | — | 7 | −$186 | |
| 7 | $2,077 | 6.875% | — | 37 | −$170 | |
| 8 | $2,152 | 6.625% | — | 7 | −$95 | |
| 9 | $2,225 | 7.625% | — | 6 | −$22 | |
| 10 | $2,304 | 6.625% | — | 7 | +$57 | |
| 11 | $2,315 | 7.450% | — | 5 | +$68 | |
| 12 | $2,384 | 6.875% | — | 17 | +$137 | |
| 13 | $2,389 | 7.250% | — | 6 | +$142 | |
| 14 | $2,425 | 6.625% | — | 18 | +$178 | |
| 15 | $2,454 | 7.000% | — | 8 | +$207 | |
| 16 | $2,527 | 6.625% | — | 22 | +$280 | |
| 17 | $2,558 | 6.875% | — | 6 | +$311 | |
| 18 | $2,629 | 6.750% | — | 17 | +$382 | |
| 19 | $2,888 | 6.812% | — | 10 | +$641 | |
| 20 | $3,080 | 6.875% | — | 5 | +$833 |
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 Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $185,000 | $335,000 | −$150,000 (−44.8%) |
| Median total closing costs | $2,247 | $7,127 | −$4,880 (−68.5%) |
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.