Purchase Originations
2,864
Ranked #166 nationally
Median Total Costs
$6,005
−10.1% vs national ($6,680)
↑ $435 vs prior year
Median Rate
5.500%
−15.3% vs national (6.490%)
↓ 0.475% vs prior year
Median Origination
$1,195
Median Lender Credits
$720
Cost Rank (500+ vol.)
#277
among lenders with 500+ originations
Denial Rate
3.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,864 | 5.500% | $6,005 | $1,195 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 726 | 5.375% | $6,803 | #56 |
| Texas | 237 | 5.500% | $7,388 | #181 |
| Florida | 222 | 5.500% | $7,386 | #153 |
| Colorado | 144 | 5.500% | $3,643 | #92 |
| Washington | 131 | 5.375% | $5,171 | #92 |
| Illinois | 123 | 5.600% | $6,900 | #133 |
| Arizona | 113 | 5.375% | $6,749 | #93 |
| New York | 111 | 5.575% | $5,696 | #118 |
| Massachusetts | 83 | 5.500% | $6,292 | #100 |
| Virginia | 81 | 5.550% | $5,366 | #142 |
| New Jersey | 79 | 5.625% | $7,344 | #121 |
| Georgia | 69 | 5.725% | $5,459 | #171 |
| North Carolina | 67 | 5.500% | $4,411 | #177 |
| Nevada | 66 | 5.500% | $5,415 | #79 |
| Tennessee | 57 | 5.375% | $4,758 | #174 |
| Maryland | 51 | 5.575% | $5,722 | #140 |
| Pennsylvania | 51 | 5.550% | $7,990 | #207 |
| Oregon | 50 | 5.412% | $6,107 | #103 |
| South Carolina | 44 | 5.500% | $5,321 | — |
| Utah | 37 | 5.250% | $5,010 | — |
| Minnesota | 28 | 5.537% | $4,766 | — |
| Ohio | 25 | 5.500% | $4,872 | — |
| Indiana | 23 | 5.500% | $3,335 | — |
| Michigan | 21 | 5.625% | $4,044 | — |
| New Hampshire | 21 | 5.500% | $4,161 | — |
| Connecticut | 19 | 5.375% | $6,978 | — |
| District of Columbia | 19 | 5.500% | $6,595 | — |
| Missouri | 19 | 5.550% | $4,385 | — |
| Idaho | 17 | 5.500% | $7,060 | — |
| Wisconsin | 12 | 5.500% | $3,160 | — |
| Alabama | 11 | 5.625% | $3,754 | — |
| Kentucky | 11 | 5.500% | $4,699 | — |
| Hawaii | 9 | 5.250% | $8,138 | — |
| Louisiana | 9 | 5.250% | $6,197 | — |
| Nebraska | 8 | 5.463% | $3,994 | — |
| Montana | 7 | 5.250% | $6,406 | — |
| New Mexico | 7 | 5.875% | $4,469 | — |
| Rhode Island | 7 | 5.500% | $4,388 | — |
| Arkansas | 6 | 5.875% | $4,514 | — |
| Delaware | 6 | 5.362% | $5,831 | — |
| Oklahoma | 6 | 5.463% | $5,601 | — |
| Kansas | 5 | 5.250% | $3,502 | — |
| Maine | 5 | 5.050% | $4,877 | — |
| Iowa | 4 | 5.750% | $3,862 | — |
| Mississippi | 4 | 5.875% | $3,900 | — |
| Wyoming | 4 | 5.537% | $7,464 | — |
| Vermont | 3 | 5.000% | $6,068 | — |
| West Virginia | 3 | 5.625% | $5,067 | — |
| South Dakota | 2 | 5.438% | $3,227 | — |
| North Dakota | 1 | 6.250% | $3,342 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,752 | 5.500% | — | 36 | −$2,253 | |
| 2 | $4,878 | 5.650% | — | 46 | −$1,127 | |
| 3 | $4,883 | 5.125% | — | 84 | −$1,122 | |
| 4 | $5,210 | 5.375% | — | 42 | −$795 | |
| 5 | $5,659 | 5.500% | — | 29 | −$346 | |
| 6 | $5,808 | 5.287% | — | 78 | −$197 | |
| 7 | $5,833 | 5.500% | — | 35 | −$172 | |
| 8 | $6,265 | 5.375% | — | 35 | +$260 | |
| 9 | $6,302 | 5.500% | — | 43 | +$297 | |
| 10 | $6,671 | 5.450% | — | 67 | +$666 | |
| 11 | $6,754 | 5.425% | — | 39 | +$749 | |
| 12 | $6,872 | 5.625% | — | 92 | +$867 | |
| 13 | $7,007 | 5.375% | — | 87 | +$1,002 | |
| 14 | $7,175 | 5.375% | — | 43 | +$1,170 | |
| 15 | $7,199 | 5.250% | — | 47 | +$1,194 | |
| 16 | $7,458 | 5.375% | — | 75 | +$1,453 | |
| 17 | $8,313 | 5.375% | — | 33 | +$2,308 | |
| 18 | $8,384 | 5.375% | — | 76 | +$2,379 | |
| 19 | $8,652 | 5.500% | — | 41 | +$2,647 | |
| 20 | $8,711 | 5.375% | — | 145 | +$2,706 |
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 | Charles Schwab Bank, SSB | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $915,000 | $335,000 | +$580,000 (+173.1%) |
| Median total closing costs | $6,005 | $7,127 | −$1,122 (−15.7%) |
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.