Purchase Originations
6,714
Ranked #68 nationally
Median Total Costs
$11,151
+66.9% vs national ($6,680)
↓ $463 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$4,911
Median Lender Credits
$972
Cost Rank (500+ vol.)
#569
among lenders with 500+ originations
Denial Rate
1.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,068 | 6.500% | $8,399 | $4,747 |
| fha | 2,413 | 6.250% | $13,950 | $4,930 |
| va | 1,083 | 6.250% | $13,220 | $5,782 |
| usda | 150 | 6.312% | $8,500 | $3,327 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 1,286 | 6.250% | $12,582 | #18 |
| Alabama | 926 | 6.250% | $10,811 | #12 |
| Washington | 653 | 6.500% | $12,986 | #26 |
| Texas | 603 | 6.500% | $11,575 | #101 |
| Utah | 330 | 6.375% | $9,794 | #20 |
| Oklahoma | 307 | 6.500% | $10,684 | #24 |
| Idaho | 287 | 6.250% | $11,439 | #22 |
| Tennessee | 257 | 6.375% | $11,365 | #62 |
| North Carolina | 252 | 6.500% | $8,895 | #89 |
| Nevada | 234 | 6.625% | $13,355 | #33 |
| California | 205 | 6.625% | $9,406 | #149 |
| Arizona | 165 | 6.500% | $10,694 | #78 |
| Oregon | 145 | 6.625% | $10,950 | #55 |
| Florida | 128 | 6.250% | $13,653 | #204 |
| Louisiana | 111 | 6.500% | $9,209 | #57 |
| South Carolina | 103 | 6.250% | $12,404 | #115 |
| Michigan | 89 | 6.500% | $6,043 | #116 |
| Colorado | 88 | 6.500% | $11,604 | #112 |
| Kansas | 87 | 6.750% | $7,188 | #72 |
| Alaska | 81 | 6.250% | $11,067 | #14 |
| Missouri | 61 | 6.625% | $8,165 | #132 |
| Hawaii | 46 | 6.625% | $19,129 | — |
| Ohio | 46 | 6.750% | $11,184 | — |
| Kentucky | 35 | 6.625% | $8,872 | — |
| Indiana | 29 | 6.625% | $6,747 | — |
| Illinois | 24 | 6.562% | $10,188 | — |
| Virginia | 20 | 6.500% | $12,009 | — |
| Massachusetts | 17 | 6.375% | $7,386 | — |
| Montana | 14 | 6.625% | $12,987 | — |
| Iowa | 12 | 6.750% | $7,237 | — |
| Mississippi | 10 | 6.500% | $9,234 | — |
| New Mexico | 10 | 6.933% | $9,382 | — |
| Wisconsin | 8 | 6.500% | $8,176 | — |
| Arkansas | 7 | 6.500% | $6,846 | — |
| Nebraska | 7 | 6.250% | $7,388 | — |
| Minnesota | 5 | 6.250% | $12,735 | — |
| New Hampshire | 5 | 6.625% | $9,355 | — |
| Pennsylvania | 5 | 6.125% | $9,123 | — |
| Maryland | 4 | 6.125% | $10,160 | — |
| Maine | 2 | 6.312% | $9,473 | — |
| North Dakota | 2 | 6.500% | $9,414 | — |
| New Jersey | 2 | 6.500% | $5,920 | — |
| West Virginia | 2 | 6.875% | $8,203 | — |
| Wyoming | 2 | 6.000% | $9,163 | — |
| Delaware | 1 | 6.125% | $11,634 | — |
| South Dakota | 1 | 6.250% | $12,130 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,429 | 6.625% | — | 99 | −$2,722 | |
| 2 | $8,532 | 6.375% | — | 107 | −$2,619 | |
| 3 | $9,424 | 6.375% | — | 70 | −$1,727 | |
| 4 | $9,546 | 6.500% | — | 81 | −$1,605 | |
| 5 | $9,927 | 6.250% | — | 96 | −$1,224 | |
| 6 | $9,997 | 6.375% | — | 166 | −$1,154 | |
| 7 | $10,308 | 6.375% | — | 84 | −$843 | |
| 8 | $10,628 | 6.500% | — | 128 | −$523 | |
| 9 | $11,632 | 6.000% | — | 80 | +$481 | |
| 10 | $11,683 | 6.000% | — | 235 | +$532 | |
| 11 | $11,876 | 6.250% | — | 114 | +$725 | |
| 12 | $12,097 | 6.500% | — | 81 | +$946 | |
| 13 | $12,238 | 6.250% | — | 147 | +$1,087 | |
| 14 | $12,536 | 6.125% | — | 78 | +$1,385 | |
| 15 | $13,059 | 6.500% | — | 102 | +$1,908 | |
| 16 | $13,077 | 6.375% | — | 75 | +$1,926 | |
| 17 | $13,576 | 6.250% | — | 94 | +$2,425 | |
| 18 | $13,907 | 6.375% | — | 225 | +$2,756 | |
| 19 | $14,800 | 6.625% | — | 141 | +$3,649 | |
| 20 | $16,601 | 6.125% | — | 103 | +$5,450 |
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 | Canopy Mortgage, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $325,000 | $335,000 | −$10,000 (−3.0%) |
| Median total closing costs | $11,151 | $7,127 | +$4,024 (+56.5%) |
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.