Purchase Originations
4,347
Ranked #112 nationally
Median Total Costs
$4,422
−33.8% vs national ($6,680)
↑ $154 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.010% vs prior year
Median Origination
$1,195
Median Lender Credits
$232
Cost Rank (500+ vol.)
#141
among lenders with 500+ originations
Denial Rate
1.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,400 | 6.490% | $4,287 | $1,195 |
| fha | 732 | 6.250% | $6,287 | $0 |
| va | 172 | 6.375% | $4,521 | $0 |
| usda | 43 | 6.125% | $3,029 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 3,296 | 6.490% | $4,414 | #5 |
| Pennsylvania | 359 | 6.375% | $4,389 | #60 |
| Connecticut | 312 | 6.490% | $4,541 | #18 |
| Massachusetts | 92 | 6.495% | $5,106 | #94 |
| Florida | 48 | 6.375% | $4,379 | — |
| Texas | 24 | 6.375% | $3,824 | — |
| South Carolina | 23 | 6.625% | $4,360 | — |
| North Carolina | 22 | 5.995% | $3,377 | — |
| Illinois | 21 | 6.125% | $6,457 | — |
| Wisconsin | 21 | 6.125% | $3,542 | — |
| Georgia | 14 | 6.058% | $3,513 | — |
| Indiana | 12 | 6.433% | $3,383 | — |
| Virginia | 12 | 6.188% | $4,492 | — |
| Minnesota | 11 | 6.490% | $3,517 | — |
| Tennessee | 11 | 5.750% | $3,533 | — |
| Michigan | 9 | 6.375% | $3,003 | — |
| New Jersey | 8 | 6.125% | $6,403 | — |
| Vermont | 8 | 6.438% | $3,811 | — |
| Alabama | 6 | 6.062% | $3,742 | — |
| Colorado | 5 | 6.625% | $3,957 | — |
| California | 4 | 6.183% | $6,274 | — |
| Ohio | 4 | 6.558% | $3,040 | — |
| Kentucky | 3 | 6.625% | $4,510 | — |
| New Hampshire | 3 | 6.625% | $4,614 | — |
| Washington | 3 | 5.990% | $1,263 | — |
| Maryland | 2 | 6.312% | $1,589 | — |
| Maine | 2 | 6.433% | $4,928 | — |
| Oklahoma | 2 | 6.058% | $3,121 | — |
| Arkansas | 1 | 5.625% | $4,781 | — |
| Arizona | 1 | 6.490% | $5,874 | — |
| District of Columbia | 1 | 6.625% | $5,288 | — |
| Delaware | 1 | 6.375% | $6,949 | — |
| Iowa | 1 | 6.125% | $6,648 | — |
| Kansas | 1 | 6.490% | $3,373 | — |
| Montana | 1 | 6.625% | $4,408 | — |
| Oregon | 1 | 6.625% | $5,548 | — |
| Rhode Island | 1 | 6.500% | $2,911 | — |
| South Dakota | 1 | 6.125% | $4,282 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,537 | 6.490% | — | 260 | −$885 | |
| 2 | $4,032 | 6.500% | — | 162 | −$390 | |
| 3 | $4,076 | 6.375% | — | 79 | −$346 | |
| 4 | $4,105 | 6.375% | — | 65 | −$317 | |
| 5 | $4,123 | 6.500% | — | 135 | −$299 | |
| 6 | $4,186 | 6.375% | — | 96 | −$236 | |
| 7 | $4,261 | 6.433% | — | 114 | −$161 | |
| 8 | $4,354 | 6.375% | — | 113 | −$68 | |
| 9 | $4,403 | 6.375% | — | 185 | −$19 | |
| 10 | $4,490 | 6.375% | — | 240 | +$68 | |
| 11 | $4,497 | 6.433% | — | 128 | +$75 | |
| 12 | $4,551 | 6.500% | — | 114 | +$129 | |
| 13 | $4,567 | 6.375% | — | 231 | +$145 | |
| 14 | $4,615 | 6.375% | — | 83 | +$193 | |
| 15 | $4,685 | 6.375% | — | 437 | +$263 | |
| 16 | $4,732 | 6.500% | — | 143 | +$310 | |
| 17 | $4,795 | 6.495% | — | 122 | +$373 | |
| 18 | $4,947 | 6.500% | — | 98 | +$525 | |
| 19 | $5,099 | 6.375% | — | 101 | +$677 | |
| 20 | $5,184 | 6.375% | — | 295 | +$762 |
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 | Homestead Funding Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $4,422 | $7,127 | −$2,705 (−38.0%) |
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.