Purchase Originations
271
Median Total Costs
$7,291
+9.2% vs national ($6,680)
Median Rate
6.420%
−1.1% vs national (6.490%)
Median Origination
$3,085
Median Lender Credits
$41
Denial Rate
4.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 182 | 6.625% | $6,516 | $3,428 |
| va | 56 | 6.125% | $8,052 | $2,435 |
| fha | 33 | 5.990% | $14,520 | $3,940 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Utah | 253 | 6.420% | $7,150 | #28 |
| Washington | 6 | 6.625% | $13,009 | — |
| Arizona | 3 | 6.750% | $9,940 | — |
| California | 2 | 6.249% | $13,563 | — |
| Idaho | 2 | 6.187% | $6,541 | — |
| Oregon | 2 | 6.125% | $13,633 | — |
| Michigan | 1 | 7.249% | $5,924 | — |
| Tennessee | 1 | 6.125% | $5,746 | — |
| Texas | 1 | 7.375% | $9,394 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,309 | 6.625% | — | 3 | −$1,982 | |
| 2 | $5,326 | 6.500% | — | 2 | −$1,965 | |
| 3 | $5,490 | 6.124% | — | 1 | −$1,801 | |
| 4 | $5,677 | 6.125% | — | 1 | −$1,614 | |
| 5 | $5,746 | 6.125% | — | 1 | −$1,545 | |
| 6 | $5,924 | 7.249% | — | 1 | −$1,367 | |
| 7 | $6,646 | 6.375% | — | 97 | −$645 | |
| 8 | $6,828 | 6.499% | — | 52 | −$463 | |
| 9 | $7,075 | 6.375% | — | 45 | −$216 | |
| 10 | $7,592 | 6.250% | — | 1 | +$301 | |
| 11 | $7,887 | 6.499% | — | 5 | +$596 | |
| 12 | $7,998 | 6.125% | — | 1 | +$707 | |
| 13 | $8,091 | 6.625% | — | 2 | +$800 | |
| 14 | $9,394 | 7.375% | — | 1 | +$2,103 | |
| 15 | $9,940 | 6.750% | — | 3 | +$2,649 | |
| 16 | $11,262 | 6.125% | — | 41 | +$3,971 | |
| 17 | $13,730 | 6.812% | — | 2 | +$6,439 | |
| 18 | $15,420 | 7.058% | — | 2 | +$8,129 | |
| 19 | $18,432 | 6.500% | — | 1 | +$11,141 | |
| 20 | $19,267 | 6.125% | — | 1 | +$11,976 |
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 RATE HOME LOANS, INC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $7,291 | $7,127 | +$164 (+2.3%) |
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.