Purchase Originations
145
Median Total Costs
$16,171
+142.1% vs national ($6,680)
↓ $1,373 vs prior year
Median Rate
7.500%
+15.6% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$11,515
Median Lender Credits
$1,810
Denial Rate
16.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 145 | 7.500% | $16,171 | $11,515 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 54 | 7.625% | $17,685 | #253 |
| Florida | 34 | 7.500% | $19,285 | — |
| Texas | 12 | 7.562% | $14,880 | — |
| Ohio | 7 | 7.500% | $11,037 | — |
| Arizona | 5 | 7.875% | $14,726 | — |
| Nevada | 4 | 7.625% | $25,564 | — |
| Hawaii | 3 | 8.125% | $16,524 | — |
| Illinois | 3 | 8.500% | $12,626 | — |
| Michigan | 3 | 7.250% | $9,983 | — |
| New Jersey | 3 | 7.375% | $27,502 | — |
| Pennsylvania | 3 | 8.250% | $11,705 | — |
| Virginia | 3 | 8.375% | $16,171 | — |
| Washington | 3 | 7.125% | $19,291 | — |
| Indiana | 2 | 7.562% | $13,487 | — |
| Tennessee | 2 | 8.125% | $8,626 | — |
| Alabama | 1 | 8.250% | $22,589 | — |
| Idaho | 1 | 7.500% | $23,061 | — |
| Oregon | 1 | 7.250% | $14,960 | — |
| South Carolina | 1 | 7.500% | $10,833 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $9,262 | 7.750% | — | 3 | −$6,909 | |
| 2 | $10,511 | 7.062% | — | 2 | −$5,660 | |
| 3 | $12,426 | 7.562% | — | 4 | −$3,745 | |
| 4 | $12,780 | 7.125% | — | 3 | −$3,391 | |
| 5 | $12,991 | 7.688% | — | 4 | −$3,180 | |
| 6 | $14,371 | 7.375% | — | 3 | −$1,800 | |
| 7 | $14,449 | 7.938% | — | 2 | −$1,722 | |
| 8 | $15,474 | 8.500% | — | 3 | −$697 | |
| 9 | $16,088 | 7.375% | — | 3 | −$83 | |
| 10 | $16,666 | 7.375% | — | 11 | +$495 | |
| 11 | $16,713 | 7.875% | — | 3 | +$542 | |
| 12 | $18,633 | 8.375% | — | 5 | +$2,462 | |
| 13 | $18,700 | 7.688% | — | 4 | +$2,529 | |
| 14 | $19,265 | 7.938% | — | 2 | +$3,094 | |
| 15 | $19,368 | 7.875% | — | 17 | +$3,197 | |
| 16 | $20,410 | 7.750% | — | 4 | +$4,239 | |
| 17 | $22,729 | 7.188% | — | 2 | +$6,558 | |
| 18 | $22,906 | 7.375% | — | 3 | +$6,735 | |
| 19 | $24,394 | 7.438% | — | 10 | +$8,223 | |
| 20 | $25,564 | 7.625% | — | 4 | +$9,393 |
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 | Foundation Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $545,000 | $335,000 | +$210,000 (+62.7%) |
| Median total closing costs | $16,171 | $7,127 | +$9,044 (+126.9%) |
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.