Purchase Originations
470
Median Total Costs
$5,351
−19.9% vs national ($6,680)
↑ $168 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,145
Median Lender Credits
$1,195
Denial Rate
2.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 447 | 6.375% | $5,268 | $1,145 |
| fha | 20 | 6.188% | $10,829 | $820 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 236 | 6.375% | $5,471 | #62 |
| Pennsylvania | 87 | 6.375% | $5,494 | #172 |
| Florida | 39 | 6.490% | $4,479 | — |
| New York | 22 | 6.125% | $5,818 | — |
| Texas | 20 | 6.062% | $5,350 | — |
| North Carolina | 18 | 6.062% | $3,906 | — |
| South Carolina | 11 | 6.490% | $4,571 | — |
| Delaware | 9 | 6.500% | $4,567 | — |
| Georgia | 9 | 6.250% | $4,354 | — |
| Illinois | 6 | 6.312% | $4,927 | — |
| Connecticut | 5 | 5.875% | $4,945 | — |
| Tennessee | 4 | 6.312% | $4,270 | — |
| Maryland | 3 | 5.875% | $4,008 | — |
| Massachusetts | 1 | 6.000% | $4,408 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,833 | 5.990% | — | 7 | −$1,518 | |
| 2 | $4,567 | 6.500% | — | 7 | −$784 | |
| 3 | $4,729 | 6.500% | — | 9 | −$622 | |
| 4 | $4,999 | 6.500% | — | 11 | −$352 | |
| 5 | $5,012 | 6.375% | — | 9 | −$339 | |
| 6 | $5,286 | 5.875% | — | 8 | −$65 | |
| 7 | $5,368 | 6.250% | — | 35 | +$17 | |
| 8 | $5,411 | 6.250% | — | 34 | +$60 | |
| 9 | $5,436 | 6.375% | — | 13 | +$85 | |
| 10 | $5,543 | 6.562% | — | 8 | +$192 | |
| 11 | $5,573 | 6.308% | — | 10 | +$222 | |
| 12 | $5,591 | 6.250% | — | 10 | +$240 | |
| 13 | $5,647 | 6.490% | — | 29 | +$296 | |
| 14 | $5,746 | 6.375% | — | 13 | +$395 | |
| 15 | $5,774 | 6.490% | — | 13 | +$423 | |
| 16 | $5,910 | 6.433% | — | 28 | +$559 | |
| 17 | $6,093 | 6.250% | — | 18 | +$742 | |
| 18 | $6,096 | 6.375% | — | 9 | +$745 | |
| 19 | $6,376 | 5.875% | — | 8 | +$1,025 | |
| 20 | $6,494 | 6.375% | — | 11 | +$1,143 |
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 | American Federal Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $435,000 | $335,000 | +$100,000 (+29.9%) |
| Median total closing costs | $5,351 | $7,127 | −$1,776 (−24.9%) |
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.