New York · Q1 2026
What New York borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 418 lenders.
Published 2026-04-29.
New York · headline
The gap between New York's lowest- and highest-cost ranked lenders in 2025 was $7,078 on a typical loan — borrowers using United Wholesale Mortgage paid roughly 178% more than borrowers using SEFCU Services, LLC on similar loans.
Source: FFIEC HMDA 2025 (n=135,983)
In 2025, 418 mortgage lenders originated 135,983 reportable loans in New York according to FFIEC HMDA data. The median borrower paid $6,717 in total loan costs. That is 58.3% above the national median across all 50 states and DC.
New York's median total loan cost was $6,717, 58.3% above the national median of $4,242. On a typical loan, that translates to roughly $2,475 more than borrowers paid in the average state.
SEFCU Services, LLC posted the lowest median total loan costs at $3,982, 40.7% below the New York median. Across the ranked lenders, 10 earned an A grade against peer averages and 3 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in New York are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,863 | $3,443 | 13,743 | A |
| 2 | United Wholesale Mortgage | $11,060 | $6,255 | 9,708 | F |
| 3 | JPMorgan Chase Bank, N.A. | $6,076 | $2,990 | 7,628 | A |
| 4 | Premium Mortgage Corporation | $4,235 | $1,450 | 4,760 | A |
| 5 | CrossCountry Mortgage | $6,858 | $2,138 | 4,730 | A |
| 6 | Homestead Funding Corp. | $4,450 | $1,316 | 3,661 | A |
| 7 | Newrez | $8,049 | $3,884 | 2,913 | B |
| 8 | Citizens Bank, N.A. | $9,636 | $1,645 | 2,912 | D |
| 9 | Citibank, National Association | $7,175 | $1,090 | 2,909 | A |
| 10 | Manufacturers and Traders Trust Company | $5,320 | $1,659 | 2,772 | A |
New York median total loan cost
New York borrowers paid a median $6,717 in total loan costs in 2025, based on 135,983 HMDA-reported loans across 418 lenders.
FFIEC HMDA 2025
Lender spread in New York
In New York, the gap between SEFCU Services, LLC ($3,982 median) and United Wholesale Mortgage ($11,060 median) was $7,078 on a typical 2025 loan.
FFIEC HMDA 2025
New York vs. national
New York closing costs ran 58.3% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in New York was $2,100, with the typical lender clustering tightly around that figure. Discount points appeared on 51% of loans, with a median paid amount of $2,198 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 36% of loans, with a median credit of $464.
Avg $5,046
Median $2,198 when present
Median $464 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in New York) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for New York
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