Purchase Originations
3,217
Ranked #152 nationally
Median Total Costs
$4,623
−30.8% vs national ($6,680)
↑ $23 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,247
Median Lender Credits
$350
Cost Rank (500+ vol.)
#159
among lenders with 500+ originations
Denial Rate
6.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,685 | 6.625% | $3,400 | $1,345 |
| fha | 1,055 | 6.375% | $8,006 | $1,345 |
| va | 338 | 6.250% | $3,823 | $0 |
| usda | 139 | 6.250% | $4,957 | $1,160 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 1,276 | 6.625% | $4,368 | #10 |
| Nebraska | 421 | 6.500% | $3,350 | #13 |
| Iowa | 362 | 6.375% | $3,040 | #18 |
| Florida | 349 | 6.500% | $9,336 | #114 |
| Kentucky | 248 | 6.500% | $4,992 | #44 |
| Arkansas | 168 | 6.250% | $4,638 | #44 |
| Illinois | 168 | 6.500% | $4,252 | #112 |
| Tennessee | 153 | 5.990% | $7,786 | #95 |
| Colorado | 14 | 6.562% | $2,970 | — |
| Kansas | 14 | 6.500% | $4,565 | — |
| Oklahoma | 14 | 6.188% | $6,039 | — |
| North Carolina | 7 | 6.124% | $7,795 | — |
| Alabama | 6 | 6.558% | $3,629 | — |
| Georgia | 5 | 6.490% | $4,869 | — |
| South Carolina | 4 | 6.624% | $4,806 | — |
| Texas | 4 | 6.683% | $10,908 | — |
| Wisconsin | 2 | 6.558% | $2,571 | — |
| Indiana | 1 | 6.625% | $3,257 | — |
| Mississippi | 1 | 6.875% | $4,263 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,978 | 6.375% | — | 71 | −$1,645 | |
| 2 | $2,980 | 6.375% | — | 174 | −$1,643 | |
| 3 | $3,162 | 6.495% | — | 292 | −$1,461 | |
| 4 | $3,471 | 6.490% | — | 41 | −$1,152 | |
| 5 | $3,631 | 6.625% | — | 87 | −$992 | |
| 6 | $3,726 | 6.500% | — | 248 | −$897 | |
| 7 | $4,132 | 6.625% | — | 115 | −$491 | |
| 8 | $4,172 | 6.250% | — | 38 | −$451 | |
| 9 | $4,184 | 6.500% | — | 67 | −$439 | |
| 10 | $4,225 | 6.495% | — | 30 | −$398 | |
| 11 | $4,499 | 6.688% | — | 56 | −$124 | |
| 12 | $4,842 | 6.625% | — | 177 | +$219 | |
| 13 | $4,864 | 6.188% | — | 96 | +$241 | |
| 14 | $5,160 | 6.495% | — | 42 | +$537 | |
| 15 | $5,485 | 6.625% | — | 96 | +$862 | |
| 16 | $5,780 | 6.375% | — | 30 | +$1,157 | |
| 17 | $7,726 | 5.990% | — | 127 | +$3,103 | |
| 18 | $8,588 | 6.625% | — | 107 | +$3,965 | |
| 19 | $8,737 | 6.500% | — | 64 | +$4,114 | |
| 20 | $8,759 | 6.625% | — | 44 | +$4,136 |
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 | Gershman Investment Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $4,623 | $7,127 | −$2,504 (−35.1%) |
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.