Purchase Originations
145
Median Total Costs
$2,747
−58.9% vs national ($6,680)
↑ $136 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.500% vs prior year
Median Origination
$200
Median Lender Credits
$24
Denial Rate
4.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 145 | 6.625% | $2,747 | $200 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 145 | 6.625% | $2,747 | #92 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,169 | 8.125% | — | 1 | −$578 | |
| 2 | $2,449 | 7.000% | — | 1 | −$298 | |
| 3 | $2,522 | 6.625% | — | 1 | −$225 | |
| 4 | $2,560 | 8.125% | — | 1 | −$187 | |
| 5 | $2,564 | 6.000% | — | 1 | −$183 | |
| 6 | $2,595 | 7.125% | — | 1 | −$152 | |
| 7 | $2,608 | 6.250% | — | 2 | −$139 | |
| 8 | $2,675 | 7.625% | — | 3 | −$72 | |
| 9 | $2,747 | 6.625% | — | 59 | +$0 | |
| 10 | $2,753 | 6.625% | — | 25 | +$6 | |
| 11 | $2,771 | 7.000% | — | 4 | +$24 | |
| 12 | $2,779 | 6.625% | — | 21 | +$32 | |
| 13 | $2,935 | 7.250% | — | 3 | +$188 | |
| 14 | $3,078 | 7.625% | — | 1 | +$331 | |
| 15 | $3,263 | 6.625% | — | 3 | +$516 | |
| 16 | $3,542 | 7.938% | — | 4 | +$795 | |
| 17 | $3,841 | 7.000% | — | 4 | +$1,094 | |
| 18 | $4,052 | 6.938% | — | 2 | +$1,305 | |
| 19 | $4,540 | 6.625% | — | 1 | +$1,793 | |
| 20 | $4,551 | 7.500% | — | 2 | +$1,804 |
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 | Dow Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $2,747 | $7,127 | −$4,380 (−61.5%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.