Purchase Originations
199
Median Total Costs
$6,213
−7.0% vs national ($6,680)
↑ $13 vs prior year
Median Rate
6.750%
+4.0% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,726
Median Lender Credits
$101
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 104 | 6.875% | $4,380 | $2,261 |
| fha | 68 | 6.688% | $8,869 | $3,089 |
| usda | 23 | 6.750% | $5,709 | $2,591 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,365 | 6.625% | — | 37 | −$2,848 | |
| 2 | $4,830 | 6.625% | — | 17 | −$1,383 | |
| 3 | $5,073 | 6.875% | — | 3 | −$1,140 | |
| 4 | $5,276 | 6.812% | — | 14 | −$937 | |
| 5 | $5,281 | 6.750% | — | 2 | −$932 | |
| 6 | $5,871 | 6.250% | — | 3 | −$342 | |
| 7 | $6,080 | 6.625% | — | 5 | −$133 | |
| 8 | $6,097 | 7.375% | — | 3 | −$116 | |
| 9 | $6,229 | 7.000% | — | 11 | +$16 | |
| 10 | $6,334 | 6.812% | — | 2 | +$121 | |
| 11 | $6,596 | 6.875% | — | 2 | +$383 | |
| 12 | $6,960 | 6.875% | — | 14 | +$747 | |
| 13 | $7,242 | 6.500% | — | 2 | +$1,029 | |
| 14 | $7,396 | 6.875% | — | 10 | +$1,183 | |
| 15 | $7,528 | 6.500% | — | 15 | +$1,315 | |
| 16 | $8,140 | 6.625% | — | 2 | +$1,927 | |
| 17 | $8,281 | 6.750% | — | 15 | +$2,068 | |
| 18 | $8,711 | 6.688% | — | 2 | +$2,498 | |
| 19 | $8,810 | 6.688% | — | 6 | +$2,597 | |
| 20 | $9,334 | 6.812% | — | 2 | +$3,121 |
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 | Fair Way Lending LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $225,000 | $335,000 | −$110,000 (−32.8%) |
| Median total closing costs | $6,213 | $7,127 | −$914 (−12.8%) |
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.