Purchase Originations
1,865
Ranked #238 nationally
Median Total Costs
$5,816
−12.9% vs national ($6,680)
↓ $1,710 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,800
Median Lender Credits
$519
Cost Rank (500+ vol.)
#262
among lenders with 500+ originations
Denial Rate
21.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 672 | 5.625% | $5,343 | $1,800 |
| va | 627 | 2.875% | $2,666 | $704 |
| conventional | 553 | 7.124% | $14,780 | $10,245 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 240 | 6.125% | $8,100 | #144 |
| Texas | 192 | 6.125% | $5,528 | #213 |
| New York | 190 | 6.874% | $20,034 | #90 |
| California | 144 | 3.750% | $5,668 | #168 |
| Colorado | 72 | 2.750% | $2,619 | #127 |
| Ohio | 66 | 6.625% | $4,931 | #166 |
| Virginia | 61 | 3.875% | $3,856 | #162 |
| Georgia | 59 | 6.125% | $7,209 | #191 |
| Maryland | 46 | 6.062% | $6,787 | — |
| Indiana | 45 | 6.125% | $6,341 | — |
| North Carolina | 45 | 4.750% | $4,296 | — |
| South Carolina | 45 | 6.125% | $5,528 | — |
| Michigan | 44 | 6.625% | $6,636 | — |
| Pennsylvania | 44 | 6.625% | $7,067 | — |
| New Jersey | 42 | 6.687% | $14,895 | — |
| Illinois | 41 | 6.625% | $7,240 | — |
| Arizona | 35 | 3.841% | $3,526 | — |
| Tennessee | 34 | 6.438% | $8,102 | — |
| Alabama | 33 | 6.499% | $4,403 | — |
| Oklahoma | 31 | 3.875% | $2,949 | — |
| Nevada | 28 | 3.874% | $4,330 | — |
| Washington | 28 | 2.812% | $2,870 | — |
| Hawaii | 25 | 2.875% | $5,936 | — |
| Missouri | 25 | 7.125% | $4,735 | — |
| Utah | 25 | 2.625% | $2,391 | — |
| Louisiana | 22 | 4.938% | $4,533 | — |
| Kentucky | 17 | 6.625% | $7,481 | — |
| Mississippi | 16 | 6.812% | $7,182 | — |
| Minnesota | 15 | 3.250% | $2,661 | — |
| Oregon | 15 | 2.750% | $4,148 | — |
| Connecticut | 13 | 3.250% | $3,486 | — |
| Kansas | 12 | 5.875% | $5,430 | — |
| Arkansas | 11 | 6.874% | $6,716 | — |
| Idaho | 11 | 5.000% | $3,899 | — |
| New Mexico | 11 | 6.625% | $2,696 | — |
| Iowa | 10 | 5.875% | $3,509 | — |
| Wisconsin | 10 | 5.562% | $2,716 | — |
| West Virginia | 10 | 6.250% | $5,825 | — |
| Nebraska | 7 | 4.750% | $4,653 | — |
| New Hampshire | 5 | 5.000% | $2,590 | — |
| Rhode Island | 5 | 6.500% | $9,022 | — |
| Wyoming | 5 | 5.875% | $5,151 | — |
| Alaska | 4 | 2.926% | $2,631 | — |
| Maine | 4 | 5.249% | $4,415 | — |
| Delaware | 3 | 6.624% | $7,367 | — |
| GU | 3 | 2.750% | $3,835 | — |
| Massachusetts | 3 | 3.250% | $2,078 | — |
| Montana | 3 | 2.750% | $2,615 | — |
| North Dakota | 3 | 3.000% | $2,083 | — |
| Vermont | 3 | 4.125% | $3,350 | — |
| District of Columbia | 2 | 4.100% | $3,470 | — |
| Puerto Rico | 1 | 2.750% | $2,277 | — |
| South Dakota | 1 | 3.067% | $3,372 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,273 | 3.125% | — | 18 | −$3,543 | |
| 2 | $2,390 | 2.875% | — | 23 | −$3,426 | |
| 3 | $2,595 | 2.625% | — | 30 | −$3,221 | |
| 4 | $3,851 | 3.874% | — | 24 | −$1,965 | |
| 5 | $4,355 | 2.375% | — | 19 | −$1,461 | |
| 6 | $5,584 | 2.750% | — | 20 | −$232 | |
| 7 | $7,051 | 6.125% | — | 17 | +$1,235 | |
| 8 | $7,128 | 6.062% | — | 14 | +$1,312 | |
| 9 | $7,523 | 6.125% | — | 17 | +$1,707 | |
| 10 | $8,368 | 6.125% | — | 15 | +$2,552 | |
| 11 | $8,572 | 5.875% | — | 19 | +$2,756 | |
| 12 | $11,665 | 6.625% | — | 34 | +$5,849 | |
| 13 | $12,433 | 6.624% | — | 14 | +$6,617 | |
| 14 | $14,380 | 6.249% | — | 18 | +$8,564 | |
| 15 | $16,196 | 6.624% | — | 29 | +$10,380 | |
| 16 | $19,919 | 6.874% | — | 37 | +$14,103 | |
| 17 | $20,654 | 7.308% | — | 16 | +$14,838 | |
| 18 | $20,869 | 7.057% | — | 36 | +$15,053 | |
| 19 | $24,170 | 6.999% | — | 14 | +$18,354 | |
| 20 | $24,565 | 6.990% | — | 35 | +$18,749 |
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 | Carrington Mortgage Services, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $325,000 | $335,000 | −$10,000 (−3.0%) |
| Median total closing costs | $5,816 | $7,127 | −$1,311 (−18.4%) |
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.