Purchase Originations
42,234
Ranked #11 nationally
Median Total Costs
$6,605
−1.1% vs national ($6,680)
↑ $119 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.100% vs prior year
Median Origination
$1,640
Median Lender Credits
$195
Cost Rank (500+ vol.)
#330
among lenders with 500+ originations
Denial Rate
2.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 30,161 | 6.600% | $6,216 | $1,640 |
| fha | 6,737 | 6.375% | $12,421 | $2,443 |
| va | 5,046 | 6.175% | $5,646 | $0 |
| usda | 290 | 6.138% | $7,044 | $1,640 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 6,373 | 6.625% | $6,635 | #1 |
| California | 2,975 | 6.500% | $8,332 | #14 |
| Massachusetts | 2,829 | 6.500% | $5,848 | #2 |
| New Jersey | 2,750 | 6.500% | $6,437 | #3 |
| Texas | 2,220 | 6.500% | $8,125 | #24 |
| Pennsylvania | 2,093 | 6.525% | $7,256 | #7 |
| Ohio | 1,891 | 6.500% | $5,308 | #13 |
| Florida | 1,865 | 6.500% | $9,085 | #22 |
| North Carolina | 1,397 | 6.490% | $5,530 | #19 |
| Tennessee | 1,266 | 6.250% | $7,373 | #11 |
| Colorado | 1,162 | 6.375% | $5,087 | #9 |
| Washington | 1,106 | 6.500% | $6,851 | #16 |
| Virginia | 1,075 | 6.250% | $6,341 | #19 |
| Minnesota | 1,005 | 6.500% | $5,783 | #11 |
| Michigan | 964 | 6.625% | $4,683 | #18 |
| Indiana | 874 | 6.500% | $4,394 | #18 |
| Georgia | 862 | 6.375% | $8,302 | #26 |
| Wisconsin | 826 | 6.500% | $4,253 | #14 |
| New York | 822 | 6.550% | $6,833 | #27 |
| Arizona | 803 | 6.500% | $6,924 | #24 |
| Oregon | 701 | 6.500% | $7,348 | #10 |
| South Carolina | 645 | 6.550% | $6,025 | #25 |
| Nevada | 550 | 6.600% | $9,843 | #12 |
| Maryland | 491 | 6.375% | $7,068 | #30 |
| Connecticut | 462 | 6.575% | $6,868 | #12 |
| Idaho | 337 | 6.500% | $7,104 | #17 |
| Iowa | 331 | 6.500% | $3,759 | #21 |
| Montana | 299 | 6.475% | $7,471 | #9 |
| Nebraska | 298 | 6.600% | $4,454 | #17 |
| Hawaii | 278 | 6.500% | $8,460 | #7 |
| New Hampshire | 261 | 6.550% | $4,824 | #9 |
| Kentucky | 258 | 6.575% | $5,162 | #42 |
| Missouri | 217 | 6.375% | $4,686 | #52 |
| West Virginia | 217 | 6.625% | $6,108 | #17 |
| Utah | 192 | 6.487% | $7,090 | #38 |
| Oklahoma | 168 | 6.500% | $5,227 | #49 |
| Alabama | 167 | 6.525% | $6,458 | #62 |
| Maine | 143 | 6.500% | $5,368 | #19 |
| Mississippi | 129 | 6.250% | $8,061 | #39 |
| District of Columbia | 119 | 6.500% | $7,582 | #7 |
| Rhode Island | 117 | 6.500% | $5,426 | #20 |
| Kansas | 97 | 6.250% | $4,144 | #67 |
| New Mexico | 93 | 6.550% | $6,641 | #40 |
| South Dakota | 81 | 6.500% | $4,364 | #24 |
| Louisiana | 77 | 6.500% | $6,726 | #65 |
| Alaska | 71 | 6.490% | $7,897 | #18 |
| Delaware | 70 | 6.625% | $6,439 | #34 |
| Arkansas | 69 | 6.575% | $4,801 | #80 |
| Wyoming | 64 | 6.250% | $6,773 | #17 |
| North Dakota | 63 | 6.500% | $7,185 | #24 |
| Vermont | 11 | 6.490% | $5,827 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,459 | 6.475% | — | 325 | −$2,146 | |
| 2 | $5,628 | 6.500% | — | 330 | −$977 | |
| 3 | $5,801 | 6.490% | — | 981 | −$804 | |
| 4 | $6,137 | 6.500% | — | 533 | −$468 | |
| 5 | $6,495 | 6.500% | — | 339 | −$110 | |
| 6 | $6,590 | 6.750% | — | 364 | −$15 | |
| 7 | $6,626 | 6.625% | — | 644 | +$21 | |
| 8 | $6,646 | 6.500% | — | 323 | +$41 | |
| 9 | $6,666 | 6.750% | — | 597 | +$61 | |
| 10 | $6,739 | 6.490% | — | 587 | +$134 | |
| 11 | $6,770 | 6.200% | — | 371 | +$165 | |
| 12 | $6,771 | 6.625% | — | 3,216 | +$166 | |
| 13 | $6,938 | 6.625% | — | 386 | +$333 | |
| 14 | $7,030 | 6.250% | — | 362 | +$425 | |
| 15 | $7,117 | 6.550% | — | 368 | +$512 | |
| 16 | $7,198 | 6.250% | — | 359 | +$593 | |
| 17 | $7,252 | 6.500% | — | 669 | +$647 | |
| 18 | $8,227 | 6.475% | — | 313 | +$1,622 | |
| 19 | $9,496 | 6.500% | — | 376 | +$2,891 | |
| 20 | $9,894 | 6.625% | — | 484 | +$3,289 |
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 | Guaranteed Rate, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $6,605 | $7,127 | −$522 (−7.3%) |
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.