Purchase Originations
54,324
Ranked #7 nationally
Median Total Costs
$6,966
+4.3% vs national ($6,680)
↑ $29 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,546
Median Lender Credits
$150
Cost Rank (500+ vol.)
#367
among lenders with 500+ originations
Denial Rate
3.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 33,750 | 6.750% | $5,864 | $2,443 |
| fha | 14,367 | 6.500% | $11,195 | $3,400 |
| va | 5,483 | 6.250% | $6,587 | $1,000 |
| usda | 724 | 6.500% | $7,317 | $2,802 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 6,223 | 6.625% | $8,585 | #6 |
| Arizona | 3,087 | 6.625% | $9,401 | #4 |
| Georgia | 2,829 | 6.625% | $7,773 | #6 |
| Illinois | 2,748 | 6.875% | $7,263 | #6 |
| Indiana | 2,726 | 6.750% | $3,866 | #5 |
| Florida | 2,321 | 6.625% | $8,296 | #17 |
| Wisconsin | 2,176 | 6.688% | $4,370 | #1 |
| Ohio | 2,158 | 6.750% | $5,844 | #11 |
| North Carolina | 2,156 | 6.625% | $6,331 | #10 |
| Minnesota | 1,975 | 6.750% | $6,077 | #4 |
| California | 1,901 | 6.500% | $10,872 | #24 |
| Missouri | 1,703 | 6.625% | $4,308 | #8 |
| Washington | 1,608 | 6.625% | $8,500 | #8 |
| Kansas | 1,520 | 6.625% | $3,592 | #1 |
| Alabama | 1,519 | 6.625% | $5,628 | #6 |
| Colorado | 1,482 | 6.500% | $7,484 | #6 |
| Massachusetts | 1,365 | 6.625% | $5,574 | #8 |
| Virginia | 1,270 | 6.490% | $7,106 | #16 |
| Tennessee | 1,171 | 6.500% | $8,075 | #13 |
| Arkansas | 982 | 6.500% | $7,589 | #6 |
| Pennsylvania | 971 | 6.625% | $6,485 | #21 |
| South Carolina | 960 | 6.625% | $7,906 | #16 |
| Maryland | 859 | 6.625% | $8,278 | #15 |
| Oregon | 788 | 6.500% | $9,239 | #9 |
| Utah | 627 | 6.625% | $6,932 | #12 |
| Wyoming | 613 | 6.375% | $8,364 | #1 |
| New York | 597 | 6.625% | $7,603 | #39 |
| New Jersey | 590 | 6.750% | $7,727 | #29 |
| Connecticut | 493 | 6.625% | $6,104 | #10 |
| New Hampshire | 470 | 6.625% | $4,752 | #4 |
| Idaho | 464 | 6.250% | $10,214 | #9 |
| Nebraska | 448 | 6.490% | $5,250 | #11 |
| Kentucky | 384 | 6.750% | $5,960 | #24 |
| North Dakota | 337 | 6.375% | $8,561 | #4 |
| Nevada | 310 | 6.625% | $9,214 | #23 |
| South Dakota | 288 | 6.250% | $5,574 | #6 |
| Maine | 278 | 6.490% | $6,356 | #9 |
| Iowa | 272 | 6.812% | $5,138 | #27 |
| Michigan | 242 | 6.625% | $5,607 | #68 |
| Louisiana | 226 | 6.633% | $7,865 | #35 |
| Oklahoma | 223 | 6.750% | $7,025 | #38 |
| Delaware | 219 | 6.625% | $6,136 | #14 |
| Mississippi | 160 | 6.625% | $8,637 | #34 |
| Montana | 149 | 6.125% | $8,584 | #14 |
| Vermont | 89 | 6.750% | $5,929 | #13 |
| District of Columbia | 87 | 6.625% | $8,826 | #18 |
| Hawaii | 76 | 6.625% | $11,324 | #24 |
| Rhode Island | 70 | 6.625% | $5,060 | #35 |
| New Mexico | 60 | 6.625% | $5,771 | #58 |
| Alaska | 43 | 6.750% | $12,121 | — |
| West Virginia | 11 | 6.750% | $6,053 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,335 | 6.490% | — | 334 | −$3,631 | |
| 2 | $3,362 | 6.625% | — | 683 | −$3,604 | |
| 3 | $3,884 | 6.750% | — | 504 | −$3,082 | |
| 4 | $3,924 | 6.625% | — | 494 | −$3,042 | |
| 5 | $4,600 | 6.750% | — | 410 | −$2,366 | |
| 6 | $5,159 | 6.625% | — | 384 | −$1,807 | |
| 7 | $5,245 | 6.625% | — | 330 | −$1,721 | |
| 8 | $5,336 | 6.250% | — | 760 | −$1,630 | |
| 9 | $5,961 | 6.625% | — | 428 | −$1,005 | |
| 10 | $6,099 | 6.500% | — | 305 | −$867 | |
| 11 | $6,734 | 6.625% | — | 402 | −$232 | |
| 12 | $7,416 | 6.490% | — | 323 | +$450 | |
| 13 | $8,215 | 6.250% | — | 333 | +$1,249 | |
| 14 | $8,232 | 6.875% | — | 1,106 | +$1,266 | |
| 15 | $8,402 | 6.500% | — | 629 | +$1,436 | |
| 16 | $8,587 | 6.500% | — | 320 | +$1,621 | |
| 17 | $8,858 | 6.625% | — | 427 | +$1,892 | |
| 18 | $9,049 | 6.625% | — | 471 | +$2,083 | |
| 19 | $9,428 | 6.625% | — | 1,760 | +$2,462 | |
| 20 | $10,315 | 6.500% | — | 303 | +$3,349 |
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 | Fairway Independent Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $315,000 | $335,000 | −$20,000 (−6.0%) |
| Median total closing costs | $6,966 | $7,127 | −$161 (−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.