Purchase Originations
20,596
Ranked #21 nationally
Median Total Costs
$5,087
−23.9% vs national ($6,680)
↓ $23 vs prior year
Median Rate
6.000%
−7.5% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,465
Median Lender Credits
$870
Cost Rank (500+ vol.)
#200
among lenders with 500+ originations
Denial Rate
11.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 20,153 | 6.000% | $5,046 | $1,465 |
| fha | 367 | 6.125% | $8,617 | $1,510 |
| va | 76 | 6.188% | $6,472 | $2,033 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 3,612 | 5.750% | $7,520 | #11 |
| Texas | 1,687 | 6.000% | $4,022 | #36 |
| Florida | 1,612 | 6.000% | $5,364 | #28 |
| New York | 1,313 | 5.875% | $5,796 | #19 |
| North Carolina | 1,135 | 6.000% | $4,121 | #25 |
| Illinois | 981 | 6.250% | $5,400 | #22 |
| New Jersey | 912 | 5.875% | $6,386 | #15 |
| Georgia | 819 | 6.000% | $4,810 | #29 |
| Washington | 757 | 5.750% | $5,871 | #22 |
| Pennsylvania | 651 | 6.250% | $5,397 | #32 |
| Maryland | 586 | 5.875% | $4,697 | #26 |
| Massachusetts | 583 | 6.000% | $5,629 | #16 |
| Michigan | 579 | 6.000% | $1,328 | #32 |
| Virginia | 572 | 6.125% | $4,979 | #35 |
| South Carolina | 491 | 6.000% | $4,372 | #32 |
| Arizona | 447 | 6.000% | $5,418 | #43 |
| Missouri | 360 | 6.125% | $2,775 | #33 |
| Tennessee | 321 | 6.125% | $4,482 | #51 |
| Ohio | 314 | 5.938% | $3,767 | #72 |
| Colorado | 291 | 6.000% | $3,972 | #56 |
| Nevada | 253 | 5.875% | $4,962 | #27 |
| Oklahoma | 250 | 6.000% | $2,375 | #32 |
| Connecticut | 247 | 5.875% | $4,690 | #26 |
| Minnesota | 195 | 6.250% | $3,906 | #65 |
| Oregon | 175 | 6.125% | $4,540 | #48 |
| Kansas | 145 | 6.125% | $2,738 | #48 |
| Indiana | 128 | 6.000% | $2,823 | #115 |
| Arkansas | 113 | 5.875% | $3,415 | #64 |
| Kentucky | 97 | 6.250% | $3,256 | #88 |
| District of Columbia | 95 | 5.750% | $7,242 | #14 |
| New Mexico | 89 | 6.125% | $2,632 | #43 |
| Alabama | 86 | 5.875% | $3,444 | #103 |
| Rhode Island | 80 | 6.000% | $4,925 | #32 |
| Delaware | 78 | 6.250% | $4,853 | #32 |
| New Hampshire | 75 | 6.125% | $4,278 | #38 |
| Utah | 60 | 6.000% | $5,017 | #73 |
| Wisconsin | 59 | 6.000% | $2,882 | #124 |
| Louisiana | 57 | 5.875% | $4,800 | #75 |
| Maine | 45 | 6.250% | $4,125 | — |
| Iowa | 42 | 5.875% | $2,714 | — |
| Idaho | 40 | 6.000% | $4,595 | — |
| Mississippi | 36 | 5.875% | $4,476 | — |
| Montana | 28 | 6.062% | $4,208 | — |
| Nebraska | 28 | 6.312% | $2,763 | — |
| West Virginia | 22 | 6.438% | $3,677 | — |
| Vermont | 19 | 6.375% | $5,444 | — |
| Hawaii | 8 | 5.800% | $7,692 | — |
| North Dakota | 7 | 6.625% | $4,906 | — |
| Alaska | 6 | 6.375% | $5,223 | — |
| South Dakota | 5 | 5.875% | $3,297 | — |
| Wyoming | 5 | 6.500% | $3,899 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,683 | 6.000% | — | 289 | −$1,404 | |
| 2 | $3,867 | 6.000% | — | 387 | −$1,220 | |
| 3 | $4,082 | 6.000% | — | 406 | −$1,005 | |
| 4 | $4,330 | 5.875% | — | 158 | −$757 | |
| 5 | $4,755 | 5.750% | — | 218 | −$332 | |
| 6 | $5,112 | 5.375% | — | 802 | +$25 | |
| 7 | $5,636 | 5.875% | — | 186 | +$549 | |
| 8 | $5,666 | 6.000% | — | 353 | +$579 | |
| 9 | $5,732 | 6.250% | — | 624 | +$645 | |
| 10 | $5,928 | 5.625% | — | 171 | +$841 | |
| 11 | $5,948 | 5.875% | — | 184 | +$861 | |
| 12 | $6,141 | 5.625% | — | 482 | +$1,054 | |
| 13 | $6,477 | 5.875% | — | 211 | +$1,390 | |
| 14 | $6,944 | 5.875% | — | 176 | +$1,857 | |
| 15 | $8,268 | 5.625% | — | 429 | +$3,181 | |
| 16 | $8,283 | 5.750% | — | 221 | +$3,196 | |
| 17 | $8,574 | 5.875% | — | 195 | +$3,487 | |
| 18 | $8,886 | 5.500% | — | 263 | +$3,799 | |
| 19 | $9,034 | 5.875% | — | 271 | +$3,947 | |
| 20 | $9,086 | 5.875% | — | 599 | +$3,999 |
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 of America, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $405,000 | $335,000 | +$70,000 (+20.9%) |
| Median total closing costs | $5,087 | $7,127 | −$2,040 (−28.6%) |
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.