Purchase Originations
200
Median Total Costs
$10,700
+60.2% vs national ($6,680)
↑ $38 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$3,962
Median Lender Credits
$74
Denial Rate
5.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 146 | 6.750% | $8,741 | $4,405 |
| fha | 49 | 6.250% | $17,210 | $3,582 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 110 | 6.625% | $9,487 | #104 |
| New York | 37 | 6.750% | $14,157 | — |
| Florida | 18 | 6.562% | $10,449 | — |
| Pennsylvania | 13 | 6.625% | $5,906 | — |
| Connecticut | 7 | 6.625% | $11,490 | — |
| Hawaii | 6 | 6.537% | $11,438 | — |
| Texas | 3 | 6.125% | $8,531 | — |
| California | 1 | 6.250% | $26,968 | — |
| Georgia | 1 | 6.500% | $15,465 | — |
| Maryland | 1 | 5.990% | $13,400 | — |
| North Carolina | 1 | 6.625% | $9,635 | — |
| South Carolina | 1 | 7.250% | $12,627 | — |
| Virginia | 1 | 6.875% | $8,415 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,176 | 6.625% | — | 5 | −$5,524 | |
| 2 | $6,125 | 6.990% | — | 3 | −$4,575 | |
| 3 | $7,948 | 7.125% | — | 7 | −$2,752 | |
| 4 | $7,991 | 6.625% | — | 19 | −$2,709 | |
| 5 | $8,190 | 6.625% | — | 8 | −$2,510 | |
| 6 | $8,268 | 6.438% | — | 12 | −$2,432 | |
| 7 | $9,269 | 6.990% | — | 3 | −$1,431 | |
| 8 | $10,106 | 6.625% | — | 14 | −$594 | |
| 9 | $10,261 | 6.433% | — | 4 | −$439 | |
| 10 | $11,251 | 7.125% | — | 5 | +$551 | |
| 11 | $11,438 | 6.537% | — | 6 | +$738 | |
| 12 | $12,188 | 6.625% | — | 3 | +$1,488 | |
| 13 | $12,754 | 6.562% | — | 8 | +$2,054 | |
| 14 | $12,882 | 6.625% | — | 11 | +$2,182 | |
| 15 | $12,917 | 6.500% | — | 3 | +$2,217 | |
| 16 | $13,737 | 6.438% | — | 12 | +$3,037 | |
| 17 | $15,136 | 7.125% | — | 7 | +$4,436 | |
| 18 | $16,319 | 6.375% | — | 5 | +$5,619 | |
| 19 | $20,210 | 6.625% | — | 5 | +$9,510 | |
| 20 | $26,250 | 6.250% | — | 11 | +$15,550 |
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 | 1st 2nd Mortgage Company OF N.J., Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $10,700 | $7,127 | +$3,573 (+50.1%) |
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.