Purchase Originations
135
Median Total Costs
$2,175
−67.4% vs national ($6,680)
↑ $43 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↑ 0.125% vs prior year
Median Origination
$625
Median Lender Credits
$50
Denial Rate
1.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 135 | 6.250% | $2,175 | $625 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Iowa | 135 | 6.250% | $2,175 | #51 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,810 | 6.750% | — | 1 | −$365 | |
| 2 | $1,975 | 6.500% | — | 1 | −$200 | |
| 3 | $2,098 | 7.500% | — | 1 | −$77 | |
| 4 | $2,108 | 6.000% | — | 12 | −$67 | |
| 5 | $2,115 | 6.750% | — | 1 | −$60 | |
| 6 | $2,175 | 6.125% | — | 97 | +$0 | |
| 7 | $2,180 | 6.375% | — | 2 | +$5 | |
| 8 | $2,185 | 6.688% | — | 10 | +$10 | |
| 9 | $2,205 | 6.500% | — | 5 | +$30 | |
| 10 | $2,234 | 6.125% | — | 1 | +$59 | |
| 11 | $2,260 | 6.625% | — | 2 | +$85 | |
| 12 | $2,275 | 7.125% | — | 1 | +$100 | |
| 13 | $2,316 | 6.250% | — | 1 | +$141 |
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 | Corda Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $175,000 | $335,000 | −$160,000 (−47.8%) |
| Median total closing costs | $2,175 | $7,127 | −$4,952 (−69.5%) |
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.