Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$6,438
median across reports
vs. National Average
90%
above national avg
Avg Origination Charge
$3,258
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $5,572 | $2,242 | 🔺 High |
| Origination Fee | $3,258 | $1,584 | 🔺 High |
| lender_credits | $1,892 | $428 | 🔺 High |
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Check My Loan Estimate — $19Based on 1,008 homebuyer-submitted Closing Disclosures, FM Home Loans, LLC's median total closing costs are $6,438. This is about 90% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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Average Closing Costs by State
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Aggregates from FM Home Loans, LLC's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
709
Ranked #499 nationally
Median Total Costs
$6,309
−5.5% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$1,590
Median Lender Credits
$820
Cost Rank (500+ vol.)
#310
among lenders with 500+ originations
Denial Rate
2.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 676 | 6.625% | $6,190 | $1,590 |
| fha | 32 | 6.433% | $15,014 | $1,590 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 428 | 6.624% | $6,337 | #53 |
| New Jersey | 186 | 6.688% | $6,119 | #70 |
| Florida | 56 | 6.750% | $7,422 | #308 |
| Texas | 10 | 6.625% | $5,657 | — |
| Connecticut | 8 | 6.625% | $5,408 | — |
| Pennsylvania | 5 | 6.624% | $5,977 | — |
| Maryland | 4 | 6.307% | $4,594 | — |
| California | 2 | 6.750% | $6,760 | — |
| Massachusetts | 2 | 6.740% | $4,899 | — |
| Ohio | 2 | 6.433% | $4,174 | — |
| Arizona | 1 | 6.990% | $6,135 | — |
| Colorado | 1 | 6.250% | $2,813 | — |
| Louisiana | 1 | 6.750% | $10,783 | — |
| Michigan | 1 | 6.375% | $4,076 | — |
| Minnesota | 1 | 6.990% | $4,168 | — |
| Virginia | 1 | 6.624% | $5,251 | — |
| This lender | New York median | National median | |
|---|---|---|---|
| Total Closing Costs | $6,337 | $6,400 | $6,680 |
| Interest Rate | 6.624% | 6.500% | 6.490% |
| Originations in state | 428 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | FM Home Loans, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $645,000 | $335,000 | +$310,000 (+92.5%) |
| Median total closing costs | $6,309 | $7,127 | −$818 (−11.5%) |