Purchase Originations
283
Median Total Costs
$5,626
−15.8% vs national ($6,680)
↑ $38 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$0
Median Lender Credits
$874
Denial Rate
4.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 275 | 6.500% | $5,560 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 118 | 6.500% | $7,062 | #97 |
| Texas | 32 | 6.500% | $6,031 | — |
| Florida | 21 | 6.375% | $5,238 | — |
| North Carolina | 21 | 6.490% | $2,772 | — |
| Pennsylvania | 18 | 6.125% | $4,379 | — |
| California | 15 | 6.375% | $5,258 | — |
| Georgia | 15 | 6.250% | $3,216 | — |
| Maryland | 10 | 6.438% | $4,139 | — |
| South Carolina | 7 | 6.500% | $3,929 | — |
| Tennessee | 7 | 6.750% | $2,683 | — |
| Virginia | 7 | 6.625% | $2,910 | — |
| New York | 6 | 6.188% | $5,125 | — |
| Illinois | 2 | 6.750% | $3,311 | — |
| Connecticut | 1 | 6.125% | $5,082 | — |
| Massachusetts | 1 | 6.750% | $2,629 | — |
| Michigan | 1 | 6.625% | $3,023 | — |
| Washington | 1 | 6.500% | $2,521 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,747 | 6.500% | — | 5 | −$2,879 | |
| 2 | $3,245 | 6.125% | — | 3 | −$2,381 | |
| 3 | $3,774 | 6.500% | — | 4 | −$1,852 | |
| 4 | $4,701 | 6.625% | — | 4 | −$925 | |
| 5 | $4,966 | 6.312% | — | 4 | −$660 | |
| 6 | $5,616 | 6.688% | — | 4 | −$10 | |
| 7 | $5,726 | 6.625% | — | 4 | +$100 | |
| 8 | $5,933 | 6.750% | — | 3 | +$307 | |
| 9 | $6,156 | 6.312% | — | 4 | +$530 | |
| 10 | $6,298 | 6.000% | — | 4 | +$672 | |
| 11 | $6,414 | 6.562% | — | 4 | +$788 | |
| 12 | $6,872 | 6.500% | — | 4 | +$1,246 | |
| 13 | $6,987 | 6.625% | — | 48 | +$1,361 | |
| 14 | $7,011 | 6.062% | — | 6 | +$1,385 | |
| 15 | $7,170 | 6.375% | — | 15 | +$1,544 | |
| 16 | $7,240 | 6.188% | — | 8 | +$1,614 | |
| 17 | $7,246 | 6.625% | — | 7 | +$1,620 | |
| 18 | $7,500 | 5.500% | — | 3 | +$1,874 | |
| 19 | $7,704 | 6.500% | — | 4 | +$2,078 | |
| 20 | $7,995 | 6.500% | — | 10 | +$2,369 |
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 | Kwik Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $5,626 | $7,127 | −$1,501 (−21.1%) |
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.