Purchase Originations
241
Median Total Costs
$3,367
−49.6% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$1,150
Median Lender Credits
$166
Denial Rate
2.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 241 | 6.625% | $3,367 | $1,150 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,486 | 7.000% | — | 1 | −$881 | |
| 2 | $2,676 | 6.500% | — | 1 | −$691 | |
| 3 | $2,951 | 6.625% | — | 13 | −$416 | |
| 4 | $3,004 | 6.500% | — | 1 | −$363 | |
| 5 | $3,068 | 6.562% | — | 32 | −$299 | |
| 6 | $3,079 | 6.750% | — | 1 | −$288 | |
| 7 | $3,081 | 6.688% | — | 4 | −$286 | |
| 8 | $3,146 | 6.375% | — | 5 | −$221 | |
| 9 | $3,222 | 6.625% | — | 58 | −$145 | |
| 10 | $3,266 | 6.250% | — | 1 | −$101 | |
| 11 | $3,346 | 6.625% | — | 1 | −$21 | |
| 12 | $3,388 | 6.625% | — | 20 | +$21 | |
| 13 | $3,404 | 6.625% | — | 7 | +$37 | |
| 14 | $3,445 | 6.812% | — | 20 | +$78 | |
| 15 | $3,486 | 6.625% | — | 2 | +$119 | |
| 16 | $3,578 | 6.688% | — | 18 | +$211 | |
| 17 | $3,811 | 6.750% | — | 39 | +$444 | |
| 18 | $3,978 | 6.625% | — | 8 | +$611 | |
| 19 | $4,568 | 6.750% | — | 5 | +$1,201 | |
| 20 | $5,142 | 6.625% | — | 1 | +$1,775 |
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 | Sturgis Bank & Trust Company | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $3,367 | $7,127 | −$3,760 (−52.8%) |
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.