Purchase Originations
117
Median Total Costs
$4,239
−36.5% vs national ($6,680)
↑ $670 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$595
Median Lender Credits
$500
Denial Rate
2.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 117 | 6.500% | $4,239 | $595 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 109 | 6.500% | $4,450 | #85 |
| Connecticut | 3 | 6.500% | $3,779 | — |
| Maine | 2 | 6.562% | $2,649 | — |
| Rhode Island | 2 | 6.938% | $3,273 | — |
| New Hampshire | 1 | 6.375% | $4,673 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,175 | 6.875% | — | 1 | −$2,064 | |
| 2 | $2,801 | 7.125% | — | 1 | −$1,438 | |
| 3 | $3,123 | 6.250% | — | 1 | −$1,116 | |
| 4 | $3,172 | 6.750% | — | 1 | −$1,067 | |
| 5 | $3,252 | 6.250% | — | 4 | −$987 | |
| 6 | $3,374 | 7.125% | — | 1 | −$865 | |
| 7 | $3,672 | 6.500% | — | 17 | −$567 | |
| 8 | $3,704 | 6.750% | — | 2 | −$535 | |
| 9 | $3,779 | 6.375% | — | 1 | −$460 | |
| 10 | $3,901 | 6.500% | — | 1 | −$338 | |
| 11 | $3,986 | 6.500% | — | 8 | −$253 | |
| 12 | $4,142 | 6.625% | — | 15 | −$97 | |
| 13 | $4,634 | 6.500% | — | 58 | +$395 | |
| 14 | $4,673 | 6.375% | — | 1 | +$434 | |
| 15 | $5,644 | 6.500% | — | 1 | +$1,405 | |
| 16 | $8,207 | 6.438% | — | 4 | +$3,968 |
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 | Harvard University Employees Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $525,000 | $335,000 | +$190,000 (+56.7%) |
| Median total closing costs | $4,239 | $7,127 | −$2,888 (−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.