Purchase Originations
5,704
Ranked #83 nationally
Median Total Costs
$5,959
−10.8% vs national ($6,680)
↓ $753 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,743
Median Lender Credits
$245
Cost Rank (500+ vol.)
#273
among lenders with 500+ originations
Denial Rate
28.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,796 | 6.625% | $4,854 | $1,709 |
| fha | 1,402 | 6.250% | $9,425 | $2,233 |
| va | 443 | 6.347% | $5,094 | $376 |
| usda | 63 | 6.125% | $7,186 | $2,295 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 1,746 | 6.625% | $3,916 | #10 |
| Texas | 654 | 6.375% | $7,854 | #96 |
| Florida | 472 | 6.492% | $8,788 | #95 |
| California | 436 | 6.500% | $7,754 | #87 |
| Georgia | 216 | 6.402% | $7,137 | #96 |
| New York | 200 | 6.375% | $10,461 | #85 |
| Ohio | 176 | 6.572% | $5,316 | #99 |
| Indiana | 160 | 6.495% | $3,923 | #97 |
| Arizona | 157 | 6.431% | $7,460 | #82 |
| Pennsylvania | 127 | 6.500% | $6,567 | #141 |
| New Jersey | 118 | 6.500% | $7,192 | #96 |
| South Carolina | 101 | 6.375% | $6,392 | #117 |
| Illinois | 86 | 6.665% | $6,418 | #161 |
| North Carolina | 86 | 6.610% | $4,832 | #163 |
| Tennessee | 78 | 6.319% | $7,980 | #142 |
| Minnesota | 77 | 6.625% | $4,676 | #106 |
| Alabama | 64 | 6.500% | $7,146 | #121 |
| Mississippi | 59 | 6.375% | $8,087 | #67 |
| Oregon | 57 | 6.474% | $6,516 | #95 |
| Washington | 57 | 6.375% | $9,440 | #145 |
| Wisconsin | 55 | 6.625% | $3,276 | #130 |
| Colorado | 53 | 6.486% | $5,525 | #151 |
| Louisiana | 47 | 6.487% | $7,562 | — |
| Kentucky | 41 | 6.391% | $6,145 | — |
| Missouri | 40 | 6.625% | $3,745 | — |
| Virginia | 37 | 6.375% | $7,385 | — |
| Maryland | 30 | 6.250% | $8,817 | — |
| Kansas | 29 | 6.616% | $3,782 | — |
| Nevada | 23 | 6.750% | $5,867 | — |
| Connecticut | 21 | 6.500% | $8,590 | — |
| West Virginia | 20 | 6.360% | $5,040 | — |
| Idaho | 19 | 6.375% | $9,229 | — |
| Massachusetts | 18 | 6.250% | $6,744 | — |
| Utah | 18 | 6.125% | $7,629 | — |
| North Dakota | 17 | 6.000% | $6,056 | — |
| Nebraska | 17 | 6.625% | $4,396 | — |
| Arkansas | 14 | 6.405% | $5,949 | — |
| Iowa | 14 | 6.410% | $5,062 | — |
| New Mexico | 11 | 6.238% | $6,897 | — |
| Montana | 9 | 6.625% | $8,391 | — |
| Oklahoma | 9 | 6.363% | $6,982 | — |
| Alaska | 6 | 6.562% | $7,909 | — |
| South Dakota | 6 | 6.559% | $3,552 | — |
| Wyoming | 6 | 6.375% | $5,338 | — |
| New Hampshire | 5 | 6.375% | $5,000 | — |
| Maine | 4 | 6.375% | $3,887 | — |
| Hawaii | 3 | 5.250% | $12,897 | — |
| District of Columbia | 2 | 6.625% | $13,401 | — |
| Rhode Island | 2 | 6.375% | $8,502 | — |
| Delaware | 1 | 6.125% | $8,666 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,635 | 6.625% | — | 226 | −$2,324 | |
| 2 | $3,705 | 6.625% | — | 166 | −$2,254 | |
| 3 | $3,754 | 6.500% | — | 59 | −$2,205 | |
| 4 | $3,849 | 6.375% | — | 64 | −$2,110 | |
| 5 | $3,859 | 6.625% | — | 50 | −$2,100 | |
| 6 | $3,950 | 6.625% | — | 310 | −$2,009 | |
| 7 | $3,974 | 6.625% | — | 47 | −$1,985 | |
| 8 | $4,121 | 6.625% | — | 415 | −$1,838 | |
| 9 | $4,555 | 6.625% | — | 69 | −$1,404 | |
| 10 | $6,446 | 6.750% | — | 41 | +$487 | |
| 11 | $7,113 | 6.500% | — | 96 | +$1,154 | |
| 12 | $7,330 | 6.623% | — | 56 | +$1,371 | |
| 13 | $7,798 | 6.465% | — | 115 | +$1,839 | |
| 14 | $8,149 | 6.582% | — | 50 | +$2,190 | |
| 15 | $8,923 | 6.750% | — | 61 | +$2,964 | |
| 16 | $9,308 | 6.562% | — | 44 | +$3,349 | |
| 17 | $9,635 | 6.625% | — | 50 | +$3,676 | |
| 18 | $9,920 | 6.462% | — | 42 | +$3,961 | |
| 19 | $10,482 | 6.375% | — | 44 | +$4,523 | |
| 20 | $12,262 | 6.500% | — | 42 | +$6,303 |
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 | Flagstar Bank, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $5,959 | $7,127 | −$1,168 (−16.4%) |
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.