Purchase Originations
1,629
Ranked #267 nationally
Median Total Costs
$12,080
+80.8% vs national ($6,680)
↓ $785 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.365% vs prior year
Median Origination
$4,812
Median Lender Credits
$475
Cost Rank (500+ vol.)
#580
among lenders with 500+ originations
Denial Rate
6.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 1,124 | 6.625% | $14,246 | $5,419 |
| conventional | 436 | 6.375% | $300 | $0 |
| usda | 64 | 6.875% | $10,880 | $5,667 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Colorado | 890 | 6.500% | $11,651 | #16 |
| Texas | 122 | 6.990% | $12,642 | #257 |
| North Carolina | 111 | 6.990% | $12,114 | #145 |
| Florida | 83 | 7.000% | $12,862 | #255 |
| Georgia | 58 | 7.000% | $12,341 | #195 |
| Virginia | 52 | 7.058% | $13,003 | #178 |
| South Carolina | 47 | 6.990% | $12,001 | — |
| Alabama | 36 | 7.000% | $10,565 | — |
| Oregon | 34 | 7.125% | $13,708 | — |
| Minnesota | 26 | 6.933% | $10,869 | — |
| Tennessee | 25 | 6.750% | $13,107 | — |
| New Mexico | 24 | 7.125% | $11,805 | — |
| Indiana | 22 | 6.990% | $9,877 | — |
| Arizona | 21 | 6.875% | $9,818 | — |
| Wisconsin | 20 | 7.188% | $10,097 | — |
| Pennsylvania | 19 | 6.625% | $13,460 | — |
| California | 13 | 6.750% | $15,587 | — |
| Idaho | 9 | 6.625% | $16,069 | — |
| Washington | 8 | 6.933% | $12,293 | — |
| Kansas | 4 | 7.125% | $10,550 | — |
| Iowa | 3 | 6.875% | $10,726 | — |
| Arkansas | 2 | 6.625% | $11,287 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,649 | 6.250% | — | 9 | −$4,431 | |
| 2 | $7,804 | 6.375% | — | 50 | −$4,276 | |
| 3 | $8,515 | 6.625% | — | 7 | −$3,565 | |
| 4 | $8,756 | 6.625% | — | 9 | −$3,324 | |
| 5 | $8,889 | 7.058% | — | 10 | −$3,191 | |
| 6 | $10,398 | 6.625% | — | 17 | −$1,682 | |
| 7 | $10,660 | 6.438% | — | 72 | −$1,420 | |
| 8 | $10,685 | 6.625% | — | 25 | −$1,395 | |
| 9 | $10,758 | 6.938% | — | 8 | −$1,322 | |
| 10 | $10,882 | 7.000% | — | 9 | −$1,198 | |
| 11 | $11,279 | 6.625% | — | 12 | −$801 | |
| 12 | $11,326 | 6.562% | — | 32 | −$754 | |
| 13 | $11,353 | 6.625% | — | 15 | −$727 | |
| 14 | $12,458 | 6.375% | — | 93 | +$378 | |
| 15 | $13,191 | 6.500% | — | 161 | +$1,111 | |
| 16 | $13,293 | 6.375% | — | 117 | +$1,213 | |
| 17 | $14,558 | 6.375% | — | 23 | +$2,478 | |
| 18 | $14,579 | 6.875% | — | 11 | +$2,499 | |
| 19 | $15,198 | 6.375% | — | 218 | +$3,118 | |
| 20 | $15,422 | 6.625% | — | 8 | +$3,342 |
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 | Loan Simple, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $12,080 | $7,127 | +$4,953 (+69.5%) |
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.