Purchase Originations
152
Median Total Costs
$9,321
+39.5% vs national ($6,680)
↓ $3,040 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$3,231
Median Lender Credits
$233
Denial Rate
2.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 103 | 6.375% | $7,674 | $3,484 |
| fha | 33 | 6.125% | $15,040 | $3,781 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 58 | 6.125% | $7,031 | #171 |
| Maryland | 38 | 6.490% | $10,416 | — |
| Texas | 13 | 6.250% | $12,297 | — |
| Nevada | 9 | 6.125% | $12,606 | — |
| Florida | 7 | 6.250% | $12,312 | — |
| California | 6 | 6.812% | $11,152 | — |
| Illinois | 4 | 6.375% | $11,914 | — |
| New Jersey | 4 | 6.188% | $11,450 | — |
| Georgia | 3 | 6.500% | $11,561 | — |
| Alabama | 1 | 6.500% | $10,999 | — |
| Arizona | 1 | 6.375% | $15,218 | — |
| Colorado | 1 | 7.125% | $17,731 | — |
| District of Columbia | 1 | 6.375% | $6,881 | — |
| Delaware | 1 | 6.125% | $10,579 | — |
| Louisiana | 1 | 6.750% | $8,371 | — |
| North Carolina | 1 | 6.990% | $8,000 | — |
| Ohio | 1 | 5.500% | $5,285 | — |
| South Carolina | 1 | 5.625% | $4,603 | — |
| Washington | 1 | 5.625% | $13,949 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,874 | 6.875% | — | 1 | −$3,447 | |
| 2 | $6,360 | 6.438% | — | 2 | −$2,961 | |
| 3 | $6,418 | 6.125% | — | 31 | −$2,903 | |
| 4 | $6,865 | 6.250% | — | 5 | −$2,456 | |
| 5 | $7,524 | 6.375% | — | 3 | −$1,797 | |
| 6 | $7,674 | 6.875% | — | 5 | −$1,647 | |
| 7 | $9,279 | 6.495% | — | 2 | −$42 | |
| 8 | $9,474 | 6.125% | — | 5 | +$153 | |
| 9 | $10,533 | 6.125% | — | 8 | +$1,212 | |
| 10 | $10,781 | 6.312% | — | 2 | +$1,460 | |
| 11 | $11,701 | 6.062% | — | 4 | +$2,380 | |
| 12 | $11,922 | 6.490% | — | 25 | +$2,601 | |
| 13 | $12,205 | 6.375% | — | 4 | +$2,884 | |
| 14 | $12,571 | 6.750% | — | 2 | +$3,250 | |
| 15 | $12,584 | 6.250% | — | 2 | +$3,263 | |
| 16 | $12,606 | 6.125% | — | 7 | +$3,285 | |
| 17 | $12,768 | 6.558% | — | 2 | +$3,447 | |
| 18 | $13,011 | 6.875% | — | 3 | +$3,690 | |
| 19 | $15,170 | 5.688% | — | 2 | +$5,849 | |
| 20 | $15,442 | 6.625% | — | 3 | +$6,121 |
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 | INSTAMORTGAGE INC. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $445,000 | $335,000 | +$110,000 (+32.8%) |
| Median total closing costs | $9,321 | $7,127 | +$2,194 (+30.8%) |
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.