Purchase Originations
114
Median Total Costs
$11,447
+71.4% vs national ($6,680)
↓ $599 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 1.125% vs prior year
Median Origination
$5,793
Median Lender Credits
—
Denial Rate
5.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 114 | 6.250% | $11,447 | $5,793 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 114 | 6.250% | $11,447 | #116 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,607 | 6.125% | — | 1 | −$7,840 | |
| 2 | $10,419 | 6.250% | — | 34 | −$1,028 | |
| 3 | $11,054 | 6.125% | — | 1 | −$393 | |
| 4 | $11,573 | 5.980% | — | 2 | +$126 | |
| 5 | $11,663 | 6.375% | — | 16 | +$216 | |
| 6 | $12,193 | 6.250% | — | 40 | +$746 | |
| 7 | $12,396 | 6.053% | — | 20 | +$949 |
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 | Hanover Community Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $475,000 | $335,000 | +$140,000 (+41.8%) |
| Median total closing costs | $11,447 | $7,127 | +$4,320 (+60.6%) |
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.