Purchase Originations
1,193
Ranked #328 nationally
Median Total Costs
$17,800
+166.5% vs national ($6,680)
↑ $2,330 vs prior year
Median Rate
7.490%
+15.4% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$11,380
Median Lender Credits
$2,798
Cost Rank (500+ vol.)
#617
among lenders with 500+ originations
Denial Rate
5.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,169 | 7.490% | $17,766 | $11,604 |
| fha | 22 | 6.500% | $18,194 | $5,992 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 816 | 7.490% | $19,688 | #49 |
| Florida | 125 | 7.490% | $18,844 | #207 |
| Texas | 58 | 7.750% | $13,945 | #329 |
| New Jersey | 19 | 7.490% | $13,926 | — |
| Arizona | 17 | 7.500% | $9,230 | — |
| Washington | 17 | 7.250% | $13,052 | — |
| Georgia | 15 | 7.375% | $14,425 | — |
| Nevada | 15 | 8.125% | $18,206 | — |
| Illinois | 14 | 7.312% | $12,026 | — |
| Pennsylvania | 9 | 7.875% | $8,983 | — |
| Maryland | 8 | 8.000% | $15,146 | — |
| North Carolina | 8 | 7.375% | $9,398 | — |
| Tennessee | 8 | 7.188% | $10,194 | — |
| Virginia | 8 | 7.433% | $15,619 | — |
| Massachusetts | 7 | 7.490% | $11,084 | — |
| Colorado | 4 | 8.625% | $14,975 | — |
| Missouri | 4 | 7.375% | $9,715 | — |
| South Carolina | 4 | 7.120% | $10,349 | — |
| Wisconsin | 4 | 7.500% | $10,334 | — |
| Alabama | 3 | 8.875% | $11,468 | — |
| Idaho | 3 | 7.875% | $7,795 | — |
| Michigan | 3 | 7.375% | $16,133 | — |
| Utah | 3 | 6.500% | $15,756 | — |
| Delaware | 2 | 6.812% | $23,175 | — |
| Louisiana | 2 | 7.058% | $13,973 | — |
| Nebraska | 2 | 8.562% | $10,760 | — |
| New Hampshire | 2 | 6.750% | $11,323 | — |
| New Mexico | 2 | 7.438% | $5,559 | — |
| Ohio | 2 | 7.188% | $10,460 | — |
| Oklahoma | 2 | 7.308% | $10,299 | — |
| Connecticut | 1 | 6.375% | $15,195 | — |
| District of Columbia | 1 | 6.750% | $12,283 | — |
| Iowa | 1 | 6.750% | $9,630 | — |
| Indiana | 1 | 6.375% | $6,356 | — |
| Minnesota | 1 | 6.750% | $4,313 | — |
| Oregon | 1 | 7.375% | $15,588 | — |
| West Virginia | 1 | 6.875% | $8,882 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,930 | 7.625% | — | 14 | −$8,870 | |
| 2 | $10,426 | 7.125% | — | 5 | −$7,374 | |
| 3 | $11,319 | 7.250% | — | 11 | −$6,481 | |
| 4 | $11,585 | 7.875% | — | 16 | −$6,215 | |
| 5 | $12,150 | 7.683% | — | 12 | −$5,650 | |
| 6 | $12,248 | 8.000% | — | 7 | −$5,552 | |
| 7 | $12,619 | 7.490% | — | 20 | −$5,181 | |
| 8 | $13,102 | 7.125% | — | 11 | −$4,698 | |
| 9 | $15,679 | 7.620% | — | 12 | −$2,121 | |
| 10 | $17,678 | 7.625% | — | 6 | −$122 | |
| 11 | $17,800 | 7.750% | — | 31 | +$0 | |
| 12 | $17,898 | 8.188% | — | 14 | +$98 | |
| 13 | $18,617 | 7.250% | — | 5 | +$817 | |
| 14 | $19,051 | 7.688% | — | 22 | +$1,251 | |
| 15 | $19,396 | 7.562% | — | 22 | +$1,596 | |
| 16 | $19,515 | 6.995% | — | 34 | +$1,715 | |
| 17 | $20,485 | 7.490% | — | 620 | +$2,685 | |
| 18 | $20,582 | 7.500% | — | 49 | +$2,782 | |
| 19 | $20,749 | 7.250% | — | 29 | +$2,949 | |
| 20 | $24,072 | 7.250% | — | 26 | +$6,272 |
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 | Cake Mortgage Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $705,000 | $335,000 | +$370,000 (+110.4%) |
| Median total closing costs | $17,800 | $7,127 | +$10,673 (+149.8%) |
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.