Purchase Originations
382
Median Total Costs
$6,519
−2.4% vs national ($6,680)
↓ $1,352 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,593
Median Lender Credits
$500
Denial Rate
5.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 206 | 6.875% | $4,903 | $1,628 |
| fha | 125 | 6.375% | $8,983 | $1,594 |
| va | 43 | 6.375% | $6,480 | $1,195 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 129 | 6.500% | $4,650 | #59 |
| Florida | 64 | 6.688% | $7,989 | #289 |
| Mississippi | 28 | 6.500% | $6,211 | — |
| North Carolina | 27 | 6.750% | $6,605 | — |
| Georgia | 26 | 6.562% | $8,667 | — |
| Texas | 23 | 6.625% | $11,140 | — |
| Pennsylvania | 16 | 6.562% | $5,666 | — |
| Tennessee | 14 | 6.438% | $7,624 | — |
| Alabama | 12 | 6.688% | $6,121 | — |
| Virginia | 9 | 6.500% | $7,579 | — |
| South Carolina | 8 | 6.500% | $6,466 | — |
| New York | 4 | 6.750% | $7,226 | — |
| Indiana | 3 | 6.500% | $6,214 | — |
| Michigan | 3 | 6.750% | $7,278 | — |
| Missouri | 3 | 7.000% | $4,631 | — |
| Nevada | 3 | 6.375% | $8,983 | — |
| California | 2 | 6.438% | $7,602 | — |
| Ohio | 2 | 6.875% | $6,533 | — |
| Colorado | 1 | 7.375% | $7,562 | — |
| Illinois | 1 | 6.500% | $11,055 | — |
| Kansas | 1 | 6.375% | $4,510 | — |
| Kentucky | 1 | 6.000% | $7,671 | — |
| Louisiana | 1 | 6.625% | $5,833 | — |
| New Jersey | 1 | 7.000% | $3,975 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,852 | 6.625% | — | 57 | −$2,667 | |
| 2 | $4,092 | 6.625% | — | 17 | −$2,427 | |
| 3 | $4,927 | 6.812% | — | 10 | −$1,592 | |
| 4 | $5,324 | 6.500% | — | 20 | −$1,195 | |
| 5 | $5,540 | 5.500% | — | 5 | −$979 | |
| 6 | $5,584 | 6.500% | — | 9 | −$935 | |
| 7 | $6,009 | 6.875% | — | 5 | −$510 | |
| 8 | $6,237 | 6.625% | — | 7 | −$282 | |
| 9 | $6,466 | 6.250% | — | 6 | −$53 | |
| 10 | $7,028 | 6.500% | — | 7 | +$509 | |
| 11 | $7,579 | 6.500% | — | 5 | +$1,060 | |
| 12 | $7,648 | 6.375% | — | 10 | +$1,129 | |
| 13 | $7,736 | 6.500% | — | 7 | +$1,217 | |
| 14 | $8,206 | 6.500% | — | 27 | +$1,687 | |
| 15 | $8,499 | 6.625% | — | 9 | +$1,980 | |
| 16 | $9,342 | 6.500% | — | 8 | +$2,823 | |
| 17 | $10,004 | 6.875% | — | 5 | +$3,485 | |
| 18 | $11,095 | 7.000% | — | 6 | +$4,576 | |
| 19 | $11,140 | 6.625% | — | 5 | +$4,621 | |
| 20 | $11,811 | 6.625% | — | 5 | +$5,292 |
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 England | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $6,519 | $7,127 | −$608 (−8.5%) |
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.