Purchase Originations
798
Ranked #454 nationally
Median Total Costs
$5,130
−23.2% vs national ($6,680)
↑ $428 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,050
Median Lender Credits
$1,000
Cost Rank (500+ vol.)
#205
among lenders with 500+ originations
Denial Rate
3.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 798 | 6.375% | $5,130 | $1,050 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 181 | 6.500% | $5,762 | #104 |
| Minnesota | 154 | 6.312% | $4,149 | #75 |
| Wisconsin | 40 | 6.375% | $2,846 | — |
| Florida | 33 | 6.250% | $5,644 | — |
| California | 31 | 5.750% | $7,190 | — |
| North Carolina | 29 | 6.500% | $4,008 | — |
| Texas | 28 | 6.562% | $5,237 | — |
| Indiana | 26 | 6.125% | $3,068 | — |
| Georgia | 23 | 6.750% | $4,486 | — |
| Massachusetts | 22 | 6.375% | $5,059 | — |
| Ohio | 22 | 5.875% | $4,085 | — |
| Tennessee | 17 | 6.500% | $4,081 | — |
| Arizona | 14 | 6.375% | $8,821 | — |
| New Jersey | 14 | 5.625% | $8,200 | — |
| South Carolina | 13 | 6.500% | $4,966 | — |
| New York | 12 | 6.688% | $4,953 | — |
| Virginia | 12 | 6.000% | $4,504 | — |
| Maryland | 9 | 5.625% | $6,259 | — |
| Michigan | 9 | 6.125% | $3,768 | — |
| Pennsylvania | 9 | 6.375% | $5,171 | — |
| Arkansas | 8 | 6.562% | $2,873 | — |
| Puerto Rico | 8 | 6.062% | $8,186 | — |
| Missouri | 7 | 6.375% | $3,471 | — |
| Nebraska | 7 | 6.500% | $2,568 | — |
| Colorado | 6 | 5.062% | $8,224 | — |
| Iowa | 6 | 6.625% | $3,386 | — |
| Mississippi | 6 | 6.500% | $3,986 | — |
| Kansas | 5 | 5.625% | $2,776 | — |
| New Mexico | 5 | 6.750% | $5,847 | — |
| Nevada | 5 | 6.750% | $5,030 | — |
| Oregon | 5 | 5.875% | $8,394 | — |
| Louisiana | 4 | 6.500% | $4,286 | — |
| South Dakota | 4 | 5.250% | $8,735 | — |
| Utah | 4 | 6.250% | $3,584 | — |
| Washington | 4 | 5.750% | $5,183 | — |
| New Hampshire | 3 | 5.875% | $5,484 | — |
| West Virginia | 3 | 6.375% | $3,682 | — |
| Kentucky | 2 | 6.562% | $3,122 | — |
| Maine | 2 | 6.750% | $3,400 | — |
| Montana | 2 | 6.062% | $7,580 | — |
| Alabama | 1 | 5.250% | $13,178 | — |
| Connecticut | 1 | 5.875% | $8,100 | — |
| Idaho | 1 | 5.875% | $6,339 | — |
| Rhode Island | 1 | 6.125% | $3,877 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,724 | 6.250% | — | 21 | −$2,406 | |
| 2 | $2,788 | 5.562% | — | 6 | −$2,342 | |
| 3 | $3,826 | 6.375% | — | 7 | −$1,304 | |
| 4 | $3,831 | 6.688% | — | 6 | −$1,299 | |
| 5 | $3,963 | 5.875% | — | 11 | −$1,167 | |
| 6 | $4,054 | 6.750% | — | 5 | −$1,076 | |
| 7 | $4,077 | 5.938% | — | 6 | −$1,053 | |
| 8 | $4,208 | 6.625% | — | 8 | −$922 | |
| 9 | $4,218 | 6.250% | — | 84 | −$912 | |
| 10 | $4,296 | 6.312% | — | 12 | −$834 | |
| 11 | $4,484 | 6.000% | — | 9 | −$646 | |
| 12 | $5,059 | 6.625% | — | 7 | −$71 | |
| 13 | $5,549 | 6.375% | — | 7 | +$419 | |
| 14 | $5,612 | 6.500% | — | 43 | +$482 | |
| 15 | $5,627 | 6.500% | — | 61 | +$497 | |
| 16 | $5,974 | 6.000% | — | 8 | +$844 | |
| 17 | $5,978 | 6.500% | — | 51 | +$848 | |
| 18 | $6,526 | 5.875% | — | 11 | +$1,396 | |
| 19 | $7,277 | 5.750% | — | 14 | +$2,147 | |
| 20 | $9,716 | 5.500% | — | 9 | +$4,586 |
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 | Baxter Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $5,130 | $7,127 | −$1,997 (−28.0%) |
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.