Purchase Originations
403
Median Total Costs
$8,517
+27.5% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$3,625
Median Lender Credits
$50
Denial Rate
1.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 185 | 6.750% | $6,376 | $3,625 |
| fha | 166 | 6.625% | $11,100 | $3,772 |
| va | 33 | 6.250% | $8,724 | $2,828 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Alabama | 305 | 6.500% | $8,405 | #36 |
| Florida | 75 | 6.990% | $8,695 | #263 |
| Tennessee | 6 | 6.438% | $10,012 | — |
| Georgia | 2 | 6.812% | $8,690 | — |
| Louisiana | 2 | 6.625% | $12,890 | — |
| Mississippi | 2 | 6.375% | $6,843 | — |
| North Carolina | 2 | 6.870% | $12,212 | — |
| New York | 2 | 7.438% | $17,893 | — |
| Texas | 2 | 6.687% | $6,903 | — |
| Arkansas | 1 | 5.750% | $27,387 | — |
| Illinois | 1 | 6.490% | $9,988 | — |
| Kentucky | 1 | 5.750% | $11,055 | — |
| Massachusetts | 1 | 5.875% | $22,949 | — |
| New Jersey | 1 | 6.990% | $8,636 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,230 | 6.490% | — | 3 | −$6,287 | |
| 2 | $5,015 | 6.624% | — | 6 | −$3,502 | |
| 3 | $5,620 | 7.250% | — | 7 | −$2,897 | |
| 4 | $5,792 | 6.495% | — | 6 | −$2,725 | |
| 5 | $5,996 | 6.125% | — | 3 | −$2,521 | |
| 6 | $6,336 | 6.875% | — | 25 | −$2,181 | |
| 7 | $6,851 | 6.250% | — | 13 | −$1,666 | |
| 8 | $6,944 | 7.000% | — | 6 | −$1,573 | |
| 9 | $7,084 | 6.490% | — | 46 | −$1,433 | |
| 10 | $7,663 | 6.312% | — | 4 | −$854 | |
| 11 | $7,945 | 6.250% | — | 11 | −$572 | |
| 12 | $8,510 | 6.990% | — | 72 | −$7 | |
| 13 | $8,566 | 6.125% | — | 73 | +$49 | |
| 14 | $9,014 | 6.995% | — | 8 | +$497 | |
| 15 | $9,016 | 6.062% | — | 4 | +$499 | |
| 16 | $9,369 | 6.124% | — | 5 | +$852 | |
| 17 | $10,812 | 6.875% | — | 47 | +$2,295 | |
| 18 | $11,281 | 7.125% | — | 5 | +$2,764 | |
| 19 | $12,745 | 6.990% | — | 5 | +$4,228 | |
| 20 | $15,512 | 6.933% | — | 8 | +$6,995 |
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 | Local Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $8,517 | $7,127 | +$1,390 (+19.5%) |
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.