Purchase Originations
138
Median Total Costs
$4,819
−27.9% vs national ($6,680)
↑ $482 vs prior year
Median Rate
6.281%
−3.2% vs national (6.490%)
↓ 0.344% vs prior year
Median Origination
$1,478
Median Lender Credits
$215
Denial Rate
3.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 138 | 6.281% | $4,819 | $1,478 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 59 | 6.250% | $4,959 | #168 |
| West Virginia | 40 | 6.375% | $4,021 | — |
| Maryland | 35 | 6.250% | $5,095 | — |
| Tennessee | 2 | 6.375% | $5,174 | — |
| North Carolina | 1 | 6.500% | $5,056 | — |
| Pennsylvania | 1 | 6.875% | $6,767 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,578 | 6.500% | — | 2 | −$1,241 | |
| 2 | $3,775 | 6.500% | — | 3 | −$1,044 | |
| 3 | $3,786 | 6.250% | — | 3 | −$1,033 | |
| 4 | $3,792 | 6.312% | — | 2 | −$1,027 | |
| 5 | $3,887 | 6.250% | — | 13 | −$932 | |
| 6 | $4,325 | 7.000% | — | 5 | −$494 | |
| 7 | $4,722 | 6.500% | — | 3 | −$97 | |
| 8 | $4,735 | 6.000% | — | 6 | −$84 | |
| 9 | $4,951 | 6.062% | — | 10 | +$132 | |
| 10 | $5,070 | 5.433% | — | 2 | +$251 | |
| 11 | $5,178 | 7.000% | — | 3 | +$359 | |
| 12 | $5,242 | 6.375% | — | 10 | +$423 | |
| 13 | $5,314 | 6.312% | — | 10 | +$495 | |
| 14 | $5,463 | 6.250% | — | 2 | +$644 | |
| 15 | $5,638 | 6.500% | — | 3 | +$819 | |
| 16 | $5,648 | 6.000% | — | 15 | +$829 | |
| 17 | $5,735 | 6.000% | — | 3 | +$916 | |
| 18 | $6,152 | 6.875% | — | 7 | +$1,333 | |
| 19 | $6,335 | 6.125% | — | 2 | +$1,516 | |
| 20 | $7,053 | 6.125% | — | 2 | +$2,234 |
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 | Burke & Herbert Bank & Trust Company | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $4,819 | $7,127 | −$2,308 (−32.4%) |
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.