Purchase Originations
252
Median Total Costs
$3,483
−47.9% vs national ($6,680)
↑ $360 vs prior year
Median Rate
6.562%
+1.1% vs national (6.490%)
↓ 0.063% vs prior year
Median Origination
$965
Median Lender Credits
$75
Denial Rate
6.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 241 | 6.625% | $3,444 | $965 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,941 | 6.375% | — | 20 | −$542 | |
| 2 | $3,061 | 6.375% | — | 3 | −$422 | |
| 3 | $3,073 | 6.875% | — | 3 | −$410 | |
| 4 | $3,084 | 6.750% | — | 2 | −$399 | |
| 5 | $3,272 | 6.500% | — | 12 | −$211 | |
| 6 | $3,290 | 6.500% | — | 3 | −$193 | |
| 7 | $3,311 | 6.500% | — | 21 | −$172 | |
| 8 | $3,314 | 6.625% | — | 59 | −$169 | |
| 9 | $3,316 | 6.625% | — | 15 | −$167 | |
| 10 | $3,401 | 6.312% | — | 2 | −$82 | |
| 11 | $3,496 | 6.500% | — | 6 | +$13 | |
| 12 | $3,547 | 6.500% | — | 27 | +$64 | |
| 13 | $3,632 | 6.812% | — | 12 | +$149 | |
| 14 | $3,647 | 6.125% | — | 3 | +$164 | |
| 15 | $3,728 | 6.125% | — | 3 | +$245 | |
| 16 | $3,879 | 6.625% | — | 2 | +$396 | |
| 17 | $3,882 | 6.562% | — | 14 | +$399 | |
| 18 | $4,195 | 6.625% | — | 3 | +$712 | |
| 19 | $4,235 | 6.438% | — | 4 | +$752 | |
| 20 | $8,635 | 5.500% | — | 1 | +$5,152 |
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 | IncredibleBank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $3,483 | $7,127 | −$3,644 (−51.1%) |
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.