Purchase Originations
2,898
Ranked #164 nationally
Median Total Costs
$7,582
+13.5% vs national ($6,680)
↓ $1,118 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,143
Median Lender Credits
$201
Cost Rank (500+ vol.)
#411
among lenders with 500+ originations
Denial Rate
7.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,710 | 6.750% | $6,517 | $2,185 |
| fha | 671 | 6.500% | $12,150 | $2,630 |
| va | 501 | 6.375% | $6,314 | $1,698 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 468 | 6.750% | $7,408 | #49 |
| New York | 439 | 6.500% | $10,152 | #52 |
| New Jersey | 331 | 6.625% | $7,335 | #45 |
| Pennsylvania | 206 | 6.625% | $8,246 | #107 |
| Florida | 168 | 6.625% | $9,394 | #176 |
| Virginia | 160 | 6.500% | $8,346 | #97 |
| Ohio | 153 | 6.625% | $5,471 | #109 |
| North Carolina | 128 | 6.750% | $7,094 | #133 |
| Texas | 106 | 6.500% | $7,973 | #272 |
| Georgia | 64 | 6.625% | $11,167 | #178 |
| Maryland | 55 | 6.625% | $8,298 | #130 |
| Tennessee | 48 | 6.625% | $6,824 | — |
| Indiana | 47 | 6.625% | $4,998 | — |
| Colorado | 40 | 6.875% | $4,027 | — |
| Kentucky | 40 | 6.688% | $4,728 | — |
| Oklahoma | 35 | 6.500% | $7,635 | — |
| Wisconsin | 34 | 6.500% | $5,387 | — |
| South Carolina | 33 | 6.500% | $8,623 | — |
| Missouri | 31 | 6.750% | $5,715 | — |
| California | 29 | 6.750% | $10,116 | — |
| Washington | 27 | 7.000% | $5,805 | — |
| Alabama | 24 | 6.625% | $4,736 | — |
| Massachusetts | 21 | 6.625% | $8,245 | — |
| Michigan | 20 | 6.625% | $6,221 | — |
| West Virginia | 18 | 6.750% | $4,128 | — |
| Arizona | 16 | 6.688% | $5,918 | — |
| Kansas | 13 | 6.625% | $3,941 | — |
| Oregon | 13 | 6.875% | $9,643 | — |
| Nevada | 12 | 6.688% | $4,360 | — |
| Connecticut | 10 | 6.188% | $12,062 | — |
| Idaho | 10 | 6.250% | $8,635 | — |
| Minnesota | 9 | 6.500% | $10,166 | — |
| New Mexico | 9 | 6.500% | $8,014 | — |
| New Hampshire | 8 | 6.750% | $6,354 | — |
| South Dakota | 8 | 6.562% | $4,200 | — |
| Delaware | 7 | 6.625% | $12,214 | — |
| Louisiana | 7 | 6.750% | $9,310 | — |
| Arkansas | 6 | 6.625% | $8,942 | — |
| Iowa | 6 | 6.375% | $3,214 | — |
| Mississippi | 6 | 6.812% | $11,877 | — |
| Nebraska | 5 | 6.625% | $3,848 | — |
| Maine | 4 | 6.688% | $4,871 | — |
| Montana | 4 | 7.312% | $8,365 | — |
| District of Columbia | 3 | 6.125% | $1,750 | — |
| Hawaii | 3 | 6.750% | $3,871 | — |
| Utah | 3 | 6.625% | $12,935 | — |
| Wyoming | 3 | 6.875% | $4,391 | — |
| Alaska | 2 | 7.125% | $15,432 | — |
| North Dakota | 2 | 7.000% | $6,161 | — |
| Rhode Island | 2 | 7.062% | $4,958 | — |
| Vermont | 2 | 6.938% | $4,781 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,967 | 6.750% | — | 21 | −$2,615 | |
| 2 | $5,073 | 6.625% | — | 61 | −$2,509 | |
| 3 | $6,460 | 6.750% | — | 76 | −$1,122 | |
| 4 | $6,484 | 6.875% | — | 41 | −$1,098 | |
| 5 | $7,234 | 6.625% | — | 40 | −$348 | |
| 6 | $7,362 | 6.750% | — | 65 | −$220 | |
| 7 | $7,439 | 6.875% | — | 34 | −$143 | |
| 8 | $7,528 | 6.625% | — | 92 | −$54 | |
| 9 | $7,611 | 6.625% | — | 101 | +$29 | |
| 10 | $7,806 | 6.750% | — | 246 | +$224 | |
| 11 | $7,891 | 6.625% | — | 87 | +$309 | |
| 12 | $7,944 | 6.625% | — | 43 | +$362 | |
| 13 | $8,573 | 6.500% | — | 25 | +$991 | |
| 14 | $9,356 | 6.625% | — | 21 | +$1,774 | |
| 15 | $9,885 | 6.812% | — | 30 | +$2,303 | |
| 16 | $10,927 | 6.375% | — | 39 | +$3,345 | |
| 17 | $11,617 | 6.375% | — | 25 | +$4,035 | |
| 18 | $11,900 | 6.500% | — | 54 | +$4,318 | |
| 19 | $12,549 | 6.625% | — | 56 | +$4,967 | |
| 20 | $19,732 | 6.500% | — | 68 | +$12,150 |
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 | The Federal Savings Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $365,000 | $335,000 | +$30,000 (+9.0%) |
| Median total closing costs | $7,582 | $7,127 | +$455 (+6.4%) |
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.