Purchase Originations
327
Median Total Costs
$16,780
+151.2% vs national ($6,680)
↑ $4,338 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$9,498
Median Lender Credits
$3,055
Denial Rate
15.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 161 | 6.750% | $12,594 | $9,033 |
| fha | 127 | 6.250% | $22,202 | $10,329 |
| va | 37 | 6.250% | $21,426 | $12,708 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 126 | 6.625% | $16,837 | #253 |
| Utah | 69 | 6.375% | $12,895 | #68 |
| Colorado | 60 | 5.875% | $26,752 | #143 |
| California | 19 | 6.625% | $17,378 | — |
| Florida | 12 | 6.688% | $11,747 | — |
| Maryland | 6 | 6.812% | $15,475 | — |
| North Carolina | 6 | 7.188% | $13,201 | — |
| Virginia | 6 | 6.750% | $22,131 | — |
| Arizona | 5 | 6.625% | $14,136 | — |
| Illinois | 4 | 6.438% | $12,907 | — |
| Nevada | 4 | 6.745% | $6,418 | — |
| South Carolina | 3 | 5.990% | $22,256 | — |
| Georgia | 2 | 6.558% | $18,689 | — |
| Idaho | 2 | 6.250% | $11,542 | — |
| Alabama | 1 | 7.125% | $5,555 | — |
| Tennessee | 1 | 6.250% | $8,557 | — |
| Wyoming | 1 | 6.750% | $11,086 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,418 | 6.745% | — | 4 | −$10,362 | |
| 2 | $7,006 | 6.875% | — | 7 | −$9,774 | |
| 3 | $9,103 | 6.812% | — | 6 | −$7,677 | |
| 4 | $9,700 | 6.750% | — | 5 | −$7,080 | |
| 5 | $11,660 | 6.500% | — | 41 | −$5,120 | |
| 6 | $11,936 | 6.375% | — | 7 | −$4,844 | |
| 7 | $14,939 | 6.125% | — | 10 | −$1,841 | |
| 8 | $17,378 | 6.625% | — | 13 | +$598 | |
| 9 | $17,453 | 6.250% | — | 5 | +$673 | |
| 10 | $18,471 | 6.808% | — | 8 | +$1,691 | |
| 11 | $20,125 | 6.375% | — | 4 | +$3,345 | |
| 12 | $21,390 | 5.875% | — | 7 | +$4,610 | |
| 13 | $21,715 | 6.625% | — | 31 | +$4,935 | |
| 14 | $22,212 | 5.750% | — | 6 | +$5,432 | |
| 15 | $24,081 | 6.250% | — | 21 | +$7,301 | |
| 16 | $27,137 | 5.990% | — | 15 | +$10,357 | |
| 17 | $27,426 | 6.250% | — | 7 | +$10,646 | |
| 18 | $27,702 | 5.625% | — | 5 | +$10,922 | |
| 19 | $30,689 | 5.933% | — | 10 | +$13,909 | |
| 20 | $39,083 | 5.625% | — | 6 | +$22,303 |
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 | Direct Mortgage, Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $415,000 | $335,000 | +$80,000 (+23.9%) |
| Median total closing costs | $16,780 | $7,127 | +$9,653 (+135.4%) |
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.