Purchase Originations
3,241
Ranked #151 nationally
Median Total Costs
$6,548
−2.0% vs national ($6,680)
↑ $62 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,250
Median Lender Credits
$1,000
Cost Rank (500+ vol.)
#325
among lenders with 500+ originations
Denial Rate
16.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,025 | 6.375% | $6,321 | $1,250 |
| fha | 207 | 6.500% | $10,609 | $1,576 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,193 | 6.125% | $8,184 | #34 |
| Illinois | 481 | 6.625% | $6,645 | #47 |
| Wisconsin | 345 | 6.625% | $3,445 | #36 |
| Colorado | 212 | 6.375% | $4,560 | #77 |
| Arizona | 202 | 6.375% | $7,606 | #66 |
| Washington | 101 | 6.500% | $5,822 | #110 |
| Indiana | 96 | 6.625% | $3,470 | #132 |
| Oregon | 69 | 6.375% | $6,942 | #83 |
| Minnesota | 66 | 6.688% | $4,416 | #115 |
| Florida | 63 | 6.375% | $8,250 | #291 |
| Nebraska | 46 | 6.750% | $3,602 | — |
| Utah | 45 | 6.625% | $5,347 | — |
| Missouri | 41 | 6.500% | $4,623 | — |
| Nevada | 33 | 6.500% | $6,794 | — |
| Kansas | 31 | 6.500% | $4,171 | — |
| Texas | 24 | 6.250% | $9,608 | — |
| New Mexico | 23 | 6.875% | $5,591 | — |
| Wyoming | 19 | 6.625% | $4,073 | — |
| Iowa | 18 | 6.688% | $3,860 | — |
| New York | 14 | 5.375% | $7,812 | — |
| Oklahoma | 11 | 6.625% | $5,796 | — |
| South Dakota | 11 | 6.500% | $3,916 | — |
| Idaho | 9 | 6.250% | $8,341 | — |
| Virginia | 9 | 5.875% | $6,078 | — |
| Massachusetts | 7 | 6.125% | $8,899 | — |
| North Carolina | 7 | 6.250% | $4,562 | — |
| North Dakota | 7 | 6.500% | $4,212 | — |
| New Jersey | 7 | 6.500% | $7,600 | — |
| Tennessee | 7 | 6.625% | $3,250 | — |
| Ohio | 6 | 6.750% | $3,930 | — |
| Michigan | 5 | 6.375% | $4,570 | — |
| Maryland | 4 | 6.375% | $8,350 | — |
| South Carolina | 4 | 6.438% | $8,738 | — |
| Georgia | 3 | 6.250% | $4,729 | — |
| Mississippi | 3 | 5.750% | $5,879 | — |
| Montana | 3 | 5.750% | $6,231 | — |
| Pennsylvania | 3 | 6.500% | $7,782 | — |
| Arkansas | 2 | 6.812% | $3,794 | — |
| Maine | 2 | 7.000% | $5,681 | — |
| Alaska | 1 | 6.625% | $6,007 | — |
| Alabama | 1 | 5.500% | $5,067 | — |
| Connecticut | 1 | 7.375% | $10,955 | — |
| Hawaii | 1 | 6.500% | $7,573 | — |
| Kentucky | 1 | 6.750% | $10,680 | — |
| Louisiana | 1 | 5.625% | $8,053 | — |
| New Hampshire | 1 | 5.625% | $5,647 | — |
| Rhode Island | 1 | 6.375% | $7,127 | — |
| Vermont | 1 | 6.500% | $4,522 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,308 | 6.625% | — | 114 | −$3,240 | |
| 2 | $3,379 | 6.750% | — | 29 | −$3,169 | |
| 3 | $4,774 | 6.375% | — | 56 | −$1,774 | |
| 4 | $4,953 | 6.375% | — | 26 | −$1,595 | |
| 5 | $5,263 | 5.875% | — | 194 | −$1,285 | |
| 6 | $5,862 | 6.125% | — | 48 | −$686 | |
| 7 | $6,462 | 6.500% | — | 38 | −$86 | |
| 8 | $6,486 | 6.250% | — | 39 | −$62 | |
| 9 | $6,825 | 6.375% | — | 35 | +$277 | |
| 10 | $6,832 | 6.000% | — | 37 | +$284 | |
| 11 | $6,935 | 6.625% | — | 295 | +$387 | |
| 12 | $7,135 | 6.375% | — | 31 | +$587 | |
| 13 | $7,299 | 6.000% | — | 108 | +$751 | |
| 14 | $7,701 | 5.875% | — | 67 | +$1,153 | |
| 15 | $7,788 | 6.312% | — | 158 | +$1,240 | |
| 16 | $8,084 | 6.250% | — | 33 | +$1,536 | |
| 17 | $8,492 | 6.188% | — | 72 | +$1,944 | |
| 18 | $9,212 | 6.250% | — | 48 | +$2,664 | |
| 19 | $9,437 | 6.000% | — | 98 | +$2,889 | |
| 20 | $10,213 | 6.125% | — | 315 | +$3,665 |
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 | BMO Bank National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $635,000 | $335,000 | +$300,000 (+89.6%) |
| Median total closing costs | $6,548 | $7,127 | −$579 (−8.1%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.