Purchase Originations
299
Median Total Costs
$5,054
−24.3% vs national ($6,680)
↑ $346 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$3,176
Median Lender Credits
$26
Denial Rate
11.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 241 | 6.375% | $4,696 | $3,145 |
| fha | 49 | 6.000% | $8,417 | $3,309 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Alabama | 294 | 6.250% | $4,984 | #40 |
| Tennessee | 2 | 6.375% | $5,373 | — |
| Florida | 1 | 6.125% | $10,554 | — |
| Illinois | 1 | 6.750% | $17,141 | — |
| Mississippi | 1 | 7.500% | $5,474 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,133 | 6.250% | — | 1 | −$1,921 | |
| 2 | $3,152 | 6.375% | — | 1 | −$1,902 | |
| 3 | $4,438 | 6.250% | — | 23 | −$616 | |
| 4 | $4,721 | 6.183% | — | 2 | −$333 | |
| 5 | $4,834 | 6.250% | — | 127 | −$220 | |
| 6 | $4,902 | 6.125% | — | 67 | −$152 | |
| 7 | $4,998 | 6.188% | — | 10 | −$56 | |
| 8 | $5,420 | 6.558% | — | 16 | +$366 | |
| 9 | $5,474 | 7.500% | — | 1 | +$420 | |
| 10 | $5,687 | 6.312% | — | 28 | +$633 | |
| 11 | $6,045 | 6.312% | — | 16 | +$991 | |
| 12 | $7,405 | 6.500% | — | 3 | +$2,351 | |
| 13 | $7,612 | 6.500% | — | 1 | +$2,558 | |
| 14 | $10,554 | 6.125% | — | 1 | +$5,500 | |
| 15 | $10,828 | 6.490% | — | 1 | +$5,774 | |
| 16 | $17,141 | 6.750% | — | 1 | +$12,087 |
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 Independent | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $5,054 | $7,127 | −$2,073 (−29.1%) |
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.