Purchase Originations
230
Median Total Costs
$9,581
+43.4% vs national ($6,680)
Median Rate
6.875%
+5.9% vs national (6.490%)
Median Origination
$4,122
Median Lender Credits
$1,000
Denial Rate
2.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 230 | 6.875% | $9,581 | $4,122 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 146 | 6.875% | $9,060 | #101 |
| New Jersey | 81 | 6.875% | $10,550 | #120 |
| Florida | 2 | 7.375% | $36,665 | — |
| Connecticut | 1 | 7.250% | $6,034 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,463 | 6.625% | — | 1 | −$4,118 | |
| 2 | $6,034 | 7.250% | — | 1 | −$3,547 | |
| 3 | $6,232 | 7.062% | — | 4 | −$3,349 | |
| 4 | $7,743 | 7.000% | — | 51 | −$1,838 | |
| 5 | $7,843 | 6.500% | — | 4 | −$1,738 | |
| 6 | $8,454 | 7.000% | — | 19 | −$1,127 | |
| 7 | $8,492 | 7.000% | — | 6 | −$1,089 | |
| 8 | $8,801 | 7.000% | — | 5 | −$780 | |
| 9 | $9,621 | 6.750% | — | 3 | +$40 | |
| 10 | $10,074 | 6.812% | — | 6 | +$493 | |
| 11 | $10,729 | 7.062% | — | 2 | +$1,148 | |
| 12 | $11,864 | 6.875% | — | 49 | +$2,283 | |
| 13 | $12,153 | 7.125% | — | 3 | +$2,572 | |
| 14 | $12,362 | 6.500% | — | 1 | +$2,781 | |
| 15 | $13,002 | 6.875% | — | 42 | +$3,421 | |
| 16 | $16,553 | 6.875% | — | 28 | +$6,972 | |
| 17 | $18,027 | 7.250% | — | 3 | +$8,446 | |
| 18 | $36,665 | 7.375% | — | 2 | +$27,084 |
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 | Ark Mortgage, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $635,000 | $335,000 | +$300,000 (+89.6%) |
| Median total closing costs | $9,581 | $7,127 | +$2,454 (+34.4%) |
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.