Purchase Originations
1,972
Ranked #226 nationally
Median Total Costs
$6,833
+2.3% vs national ($6,680)
↑ $579 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,646
Median Lender Credits
$126
Cost Rank (500+ vol.)
#351
among lenders with 500+ originations
Denial Rate
4.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,230 | 6.625% | $5,723 | $2,893 |
| fha | 508 | 6.500% | $10,402 | $2,636 |
| va | 200 | 6.250% | $5,870 | $975 |
| usda | 34 | 6.250% | $6,643 | $2,026 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 1,050 | 6.625% | $6,503 | #10 |
| South Dakota | 166 | 6.125% | $7,407 | #16 |
| Texas | 123 | 6.490% | $7,371 | #254 |
| North Dakota | 120 | 6.500% | $6,929 | #14 |
| Wisconsin | 90 | 6.500% | $4,875 | #101 |
| Arizona | 76 | 6.625% | $10,007 | #120 |
| Florida | 59 | 6.625% | $9,344 | #299 |
| Colorado | 58 | 6.490% | $6,030 | #145 |
| Iowa | 39 | 6.750% | $6,158 | — |
| Alabama | 37 | 6.375% | $6,005 | — |
| Washington | 23 | 6.625% | $9,524 | — |
| Wyoming | 22 | 6.500% | $8,261 | — |
| Idaho | 21 | 6.250% | $8,528 | — |
| Illinois | 18 | 6.938% | $6,348 | — |
| California | 9 | 6.500% | $12,698 | — |
| North Carolina | 9 | 6.500% | $9,744 | — |
| Georgia | 6 | 6.375% | $5,164 | — |
| Kansas | 6 | 6.812% | $3,219 | — |
| Nebraska | 6 | 6.308% | $5,572 | — |
| Missouri | 5 | 6.500% | $3,440 | — |
| Oklahoma | 5 | 6.250% | $4,155 | — |
| Tennessee | 5 | 5.750% | $4,254 | — |
| Kentucky | 3 | 6.500% | $4,803 | — |
| New Mexico | 3 | 6.625% | $10,963 | — |
| Nevada | 3 | 6.625% | $6,131 | — |
| Virginia | 3 | 5.750% | $7,788 | — |
| South Carolina | 2 | 6.370% | $9,022 | — |
| Indiana | 1 | 5.990% | $3,013 | — |
| Montana | 1 | 6.750% | $6,572 | — |
| Ohio | 1 | 6.490% | $8,818 | — |
| Oregon | 1 | 6.500% | $9,417 | — |
| Utah | 1 | 5.500% | $17,792 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,688 | 6.433% | — | 30 | −$3,145 | |
| 2 | $4,602 | 6.875% | — | 33 | −$2,231 | |
| 3 | $5,543 | 6.625% | — | 41 | −$1,290 | |
| 4 | $5,756 | 6.500% | — | 23 | −$1,077 | |
| 5 | $5,840 | 6.625% | — | 51 | −$993 | |
| 6 | $5,895 | 6.433% | — | 26 | −$938 | |
| 7 | $6,041 | 6.490% | — | 49 | −$792 | |
| 8 | $6,060 | 6.500% | — | 95 | −$773 | |
| 9 | $6,308 | 6.625% | — | 56 | −$525 | |
| 10 | $6,413 | 6.500% | — | 27 | −$420 | |
| 11 | $6,465 | 6.625% | — | 204 | −$368 | |
| 12 | $6,486 | 6.625% | — | 86 | −$347 | |
| 13 | $7,270 | 6.625% | — | 93 | +$437 | |
| 14 | $7,381 | 6.625% | — | 55 | +$548 | |
| 15 | $7,431 | 6.500% | — | 25 | +$598 | |
| 16 | $7,461 | 6.490% | — | 96 | +$628 | |
| 17 | $7,464 | 6.490% | — | 25 | +$631 | |
| 18 | $8,030 | 6.125% | — | 110 | +$1,197 | |
| 19 | $8,281 | 7.000% | — | 29 | +$1,448 | |
| 20 | $9,157 | 6.625% | — | 50 | +$2,324 |
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 | Granite Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $6,833 | $7,127 | −$294 (−4.1%) |
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.