Purchase Originations
396
Median Total Costs
$5,215
−21.9% vs national ($6,680)
↑ $44 vs prior year
Median Rate
5.750%
−11.4% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$731
Median Lender Credits
$1,000
Denial Rate
2.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 396 | 5.750% | $5,215 | $731 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 128 | 5.750% | $4,864 | #109 |
| Maryland | 127 | 5.750% | $5,207 | #83 |
| District of Columbia | 89 | 5.750% | $5,694 | #16 |
| Florida | 5 | 5.625% | $6,648 | — |
| New York | 5 | 5.625% | $4,567 | — |
| Pennsylvania | 5 | 5.875% | $6,010 | — |
| Georgia | 4 | 5.688% | $4,908 | — |
| Illinois | 4 | 5.812% | $6,338 | — |
| Texas | 4 | 5.500% | $5,195 | — |
| California | 3 | 5.500% | $7,334 | — |
| Colorado | 3 | 6.125% | $3,392 | — |
| Arizona | 2 | 5.750% | $11,763 | — |
| Iowa | 2 | 6.375% | $2,570 | — |
| Massachusetts | 2 | 5.875% | $3,905 | — |
| Minnesota | 2 | 6.375% | $5,272 | — |
| North Carolina | 2 | 6.000% | $3,658 | — |
| Delaware | 1 | 6.875% | $3,566 | — |
| Nebraska | 1 | 6.875% | $2,908 | — |
| New Jersey | 1 | 5.375% | $7,289 | — |
| New Mexico | 1 | 5.875% | $3,687 | — |
| Ohio | 1 | 5.625% | $5,430 | — |
| Oregon | 1 | 5.875% | $6,261 | — |
| Tennessee | 1 | 5.750% | $5,574 | — |
| Washington | 1 | 5.375% | $5,320 | — |
| West Virginia | 1 | 6.125% | $3,929 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,570 | 6.375% | — | 2 | −$2,645 | |
| 2 | $3,905 | 5.875% | — | 2 | −$1,310 | |
| 3 | $4,327 | 6.125% | — | 2 | −$888 | |
| 4 | $4,357 | 5.625% | — | 8 | −$858 | |
| 5 | $4,415 | 5.750% | — | 7 | −$800 | |
| 6 | $4,541 | 5.625% | — | 3 | −$674 | |
| 7 | $4,614 | 5.875% | — | 7 | −$601 | |
| 8 | $4,744 | 5.750% | — | 15 | −$471 | |
| 9 | $4,787 | 5.562% | — | 2 | −$428 | |
| 10 | $4,796 | 5.875% | — | 3 | −$419 | |
| 11 | $5,057 | 5.750% | — | 68 | −$158 | |
| 12 | $5,149 | 5.625% | — | 21 | −$66 | |
| 13 | $5,159 | 5.938% | — | 2 | −$56 | |
| 14 | $5,213 | 5.500% | — | 3 | −$2 | |
| 15 | $5,376 | 5.750% | — | 107 | +$161 | |
| 16 | $5,694 | 5.750% | — | 89 | +$479 | |
| 17 | $6,629 | 6.062% | — | 4 | +$1,414 | |
| 18 | $7,230 | 5.750% | — | 3 | +$2,015 | |
| 19 | $8,193 | 5.438% | — | 2 | +$2,978 | |
| 20 | $11,763 | 5.750% | — | 2 | +$6,548 |
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 | Bank-Fund Staff Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $645,000 | $335,000 | +$310,000 (+92.5%) |
| Median total closing costs | $5,215 | $7,127 | −$1,912 (−26.8%) |
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.