Purchase Originations
230
Median Total Costs
$6,436
−3.6% vs national ($6,680)
↓ $102 vs prior year
Median Rate
5.875%
−9.5% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$975
Median Lender Credits
$14
Denial Rate
3.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 230 | 5.875% | $6,436 | $975 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 30 | 5.875% | $9,425 | — |
| Massachusetts | 23 | 5.875% | $5,939 | — |
| New York | 23 | 5.750% | $5,960 | — |
| California | 21 | 5.875% | $7,183 | — |
| Georgia | 14 | 5.750% | $6,153 | — |
| Illinois | 11 | 5.875% | $8,002 | — |
| Texas | 11 | 5.875% | $11,026 | — |
| Colorado | 9 | 5.750% | $3,576 | — |
| North Carolina | 9 | 5.750% | $4,686 | — |
| Virginia | 8 | 6.250% | $7,221 | — |
| Washington | 8 | 5.625% | $5,360 | — |
| South Carolina | 6 | 6.125% | $5,888 | — |
| Tennessee | 6 | 5.812% | $3,706 | — |
| Maryland | 4 | 6.062% | $4,948 | — |
| Pennsylvania | 4 | 6.000% | $6,312 | — |
| District of Columbia | 3 | 6.125% | $7,254 | — |
| Idaho | 3 | 6.125% | $6,440 | — |
| Minnesota | 3 | 6.000% | $4,525 | — |
| New Jersey | 3 | 6.625% | $10,803 | — |
| Ohio | 3 | 5.750% | $4,505 | — |
| Utah | 3 | 5.625% | $5,051 | — |
| Indiana | 2 | 5.812% | $3,726 | — |
| Montana | 2 | 6.625% | $10,233 | — |
| New Hampshire | 2 | 5.875% | $4,468 | — |
| Oklahoma | 2 | 5.750% | $4,294 | — |
| Rhode Island | 2 | 6.438% | $8,348 | — |
| Vermont | 2 | 6.500% | $7,399 | — |
| Wisconsin | 2 | 5.375% | $5,804 | — |
| Arizona | 1 | 5.750% | $6,246 | — |
| Connecticut | 1 | 5.500% | $6,321 | — |
| Delaware | 1 | 5.875% | $8,225 | — |
| Kansas | 1 | 6.750% | $2,707 | — |
| Kentucky | 1 | 6.750% | $5,347 | — |
| Maine | 1 | 6.000% | $3,911 | — |
| Missouri | 1 | 5.750% | $5,771 | — |
| Nevada | 1 | 5.000% | $5,974 | — |
| Oregon | 1 | 6.125% | $4,514 | — |
| South Dakota | 1 | 5.875% | $3,469 | — |
| Wyoming | 1 | 5.500% | $6,653 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,562 | 5.750% | — | 4 | −$1,874 | |
| 2 | $4,860 | 5.750% | — | 3 | −$1,576 | |
| 3 | $5,140 | 5.625% | — | 9 | −$1,296 | |
| 4 | $5,245 | 6.125% | — | 5 | −$1,191 | |
| 5 | $5,725 | 5.625% | — | 6 | −$711 | |
| 6 | $5,939 | 6.250% | — | 5 | −$497 | |
| 7 | $6,455 | 5.625% | — | 7 | +$19 | |
| 8 | $6,520 | 5.750% | — | 10 | +$84 | |
| 9 | $6,735 | 5.625% | — | 3 | +$299 | |
| 10 | $6,988 | 5.750% | — | 5 | +$552 | |
| 11 | $7,177 | 5.875% | — | 3 | +$741 | |
| 12 | $7,221 | 5.875% | — | 4 | +$785 | |
| 13 | $7,254 | 6.125% | — | 3 | +$818 | |
| 14 | $8,002 | 5.875% | — | 3 | +$1,566 | |
| 15 | $8,496 | 5.875% | — | 3 | +$2,060 | |
| 16 | $8,824 | 5.625% | — | 3 | +$2,388 | |
| 17 | $9,376 | 5.375% | — | 3 | +$2,940 | |
| 18 | $9,975 | 5.625% | — | 3 | +$3,539 | |
| 19 | $10,160 | 5.875% | — | 7 | +$3,724 | |
| 20 | $12,558 | 6.125% | — | 6 | +$6,122 |
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 | BNY Mellon, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $960,000 | $335,000 | +$625,000 (+186.6%) |
| Median total closing costs | $6,436 | $7,127 | −$691 (−9.7%) |
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.