Purchase Originations
420
Median Total Costs
$6,735
+0.8% vs national ($6,680)
↑ $511 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$4,362
Median Lender Credits
$250
Denial Rate
5.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 411 | 6.750% | $6,767 | $4,375 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Carolina | 396 | 6.688% | $6,748 | #62 |
| Virginia | 24 | 6.625% | $6,062 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,220 | 6.500% | — | 15 | −$3,515 | |
| 2 | $4,328 | 6.750% | — | 10 | −$2,407 | |
| 3 | $4,658 | 7.062% | — | 10 | −$2,077 | |
| 4 | $4,908 | 6.375% | — | 14 | −$1,827 | |
| 5 | $6,168 | 6.625% | — | 51 | −$567 | |
| 6 | $6,226 | 7.125% | — | 9 | −$509 | |
| 7 | $6,400 | 7.062% | — | 8 | −$335 | |
| 8 | $6,418 | 6.688% | — | 10 | −$317 | |
| 9 | $6,709 | 6.625% | — | 7 | −$26 | |
| 10 | $6,761 | 6.875% | — | 39 | +$26 | |
| 11 | $6,978 | 6.562% | — | 16 | +$243 | |
| 12 | $7,015 | 6.375% | — | 21 | +$280 | |
| 13 | $7,061 | 6.625% | — | 15 | +$326 | |
| 14 | $7,077 | 7.125% | — | 8 | +$342 | |
| 15 | $7,090 | 6.625% | — | 28 | +$355 | |
| 16 | $7,091 | 6.625% | — | 11 | +$356 | |
| 17 | $7,259 | 7.312% | — | 16 | +$524 | |
| 18 | $7,273 | 7.375% | — | 17 | +$538 | |
| 19 | $7,556 | 6.500% | — | 9 | +$821 | |
| 20 | $7,646 | 7.250% | — | 7 | +$911 |
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 and Trust Company | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $6,735 | $7,127 | −$392 (−5.5%) |
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.