Purchase Originations
2,071
Ranked #217 nationally
Median Total Costs
$4,242
−36.5% vs national ($6,680)
↓ $407 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$0
Median Lender Credits
$750
Cost Rank (500+ vol.)
#130
among lenders with 500+ originations
Denial Rate
1.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,025 | 6.625% | $3,152 | $779 |
| fha | 698 | 6.375% | $5,707 | $0 |
| usda | 228 | 6.250% | $3,072 | $0 |
| va | 120 | 6.250% | $3,600 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Louisiana | 1,460 | 6.500% | $4,158 | #3 |
| Alabama | 304 | 6.375% | $4,206 | #38 |
| Mississippi | 125 | 6.500% | $4,589 | #40 |
| Georgia | 48 | 6.500% | $4,782 | — |
| Arkansas | 30 | 6.188% | $2,669 | — |
| Illinois | 28 | 6.625% | $5,861 | — |
| Texas | 19 | 6.625% | $5,923 | — |
| Florida | 17 | 6.250% | $6,861 | — |
| Tennessee | 15 | 6.500% | $5,024 | — |
| South Carolina | 11 | 6.875% | $5,020 | — |
| Kentucky | 6 | 6.438% | $2,976 | — |
| Virginia | 5 | 6.125% | $10,236 | — |
| North Carolina | 2 | 6.438% | $10,005 | — |
| Oklahoma | 1 | 6.125% | $6,121 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,552 | 6.188% | — | 18 | −$1,690 | |
| 2 | $3,281 | 6.375% | — | 20 | −$961 | |
| 3 | $3,463 | 6.875% | — | 18 | −$779 | |
| 4 | $3,508 | 6.625% | — | 160 | −$734 | |
| 5 | $3,593 | 6.375% | — | 48 | −$649 | |
| 6 | $3,624 | 6.500% | — | 31 | −$618 | |
| 7 | $3,747 | 6.500% | — | 243 | −$495 | |
| 8 | $3,926 | 6.500% | — | 137 | −$316 | |
| 9 | $3,941 | 6.500% | — | 23 | −$301 | |
| 10 | $4,056 | 6.625% | — | 273 | −$186 | |
| 11 | $4,158 | 6.500% | — | 42 | −$84 | |
| 12 | $4,196 | 6.500% | — | 133 | −$46 | |
| 13 | $4,290 | 6.375% | — | 85 | +$48 | |
| 14 | $4,312 | 6.500% | — | 70 | +$70 | |
| 15 | $4,942 | 6.250% | — | 30 | +$700 | |
| 16 | $5,109 | 6.250% | — | 61 | +$867 | |
| 17 | $5,122 | 6.312% | — | 28 | +$880 | |
| 18 | $5,189 | 6.250% | — | 24 | +$947 | |
| 19 | $5,379 | 6.125% | — | 47 | +$1,137 | |
| 20 | $5,415 | 6.500% | — | 36 | +$1,173 |
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 | GMFS LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $4,242 | $7,127 | −$2,885 (−40.5%) |
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.