Purchase Originations
434
Median Total Costs
$3,426
−48.7% vs national ($6,680)
↑ $67 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$995
Median Lender Credits
$133
Denial Rate
0.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 430 | 6.500% | $3,417 | $995 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Colorado | 430 | 6.500% | $3,423 | #39 |
| Wyoming | 3 | 6.625% | $3,908 | — |
| New Mexico | 1 | 6.875% | $3,194 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,625 | 6.625% | — | 1 | −$801 | |
| 2 | $2,865 | 7.000% | — | 2 | −$561 | |
| 3 | $3,090 | 6.500% | — | 37 | −$336 | |
| 4 | $3,115 | 6.375% | — | 11 | −$311 | |
| 5 | $3,169 | 6.250% | — | 2 | −$257 | |
| 6 | $3,176 | 6.500% | — | 22 | −$250 | |
| 7 | $3,177 | 6.625% | — | 1 | −$249 | |
| 8 | $3,245 | 6.250% | — | 1 | −$181 | |
| 9 | $3,301 | 6.688% | — | 12 | −$125 | |
| 10 | $3,392 | 6.625% | — | 63 | −$34 | |
| 11 | $3,435 | 6.625% | — | 7 | +$9 | |
| 12 | $3,585 | 6.500% | — | 87 | +$159 | |
| 13 | $3,595 | 6.625% | — | 66 | +$169 | |
| 14 | $3,732 | 6.500% | — | 82 | +$306 | |
| 15 | $3,908 | 6.625% | — | 3 | +$482 | |
| 16 | $4,058 | 6.375% | — | 27 | +$632 | |
| 17 | $4,268 | 6.500% | — | 1 | +$842 | |
| 18 | $4,472 | 6.500% | — | 2 | +$1,046 | |
| 19 | $5,814 | 6.938% | — | 2 | +$2,388 | |
| 20 | $9,564 | 6.188% | — | 2 | +$6,138 |
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 | Canvas Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $475,000 | $335,000 | +$140,000 (+41.8%) |
| Median total closing costs | $3,426 | $7,127 | −$3,701 (−51.9%) |
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.