Purchase Originations
11,452
Ranked #34 nationally
Median Total Costs
$7,843
+17.4% vs national ($6,680)
↑ $121 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,558
Median Lender Credits
$525
Cost Rank (500+ vol.)
#434
among lenders with 500+ originations
Denial Rate
5.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 6,815 | 6.625% | $6,270 | $2,635 |
| fha | 3,349 | 6.375% | $11,592 | $2,894 |
| va | 1,172 | 6.250% | $7,647 | $1,670 |
| usda | 116 | 6.375% | $6,847 | $1,748 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,375 | 6.375% | $10,297 | #49 |
| Florida | 1,128 | 6.500% | $8,841 | #43 |
| Ohio | 1,060 | 6.625% | $7,053 | #20 |
| South Carolina | 1,047 | 6.625% | $8,261 | #15 |
| Colorado | 808 | 6.500% | $9,889 | #21 |
| Illinois | 660 | 6.750% | $6,262 | #33 |
| North Carolina | 658 | 6.500% | $7,283 | #41 |
| Georgia | 516 | 6.375% | $9,229 | #47 |
| Virginia | 411 | 6.500% | $7,715 | #49 |
| Maryland | 409 | 6.625% | $9,858 | #35 |
| Iowa | 343 | 6.750% | $3,100 | #20 |
| Kentucky | 316 | 6.624% | $6,682 | #31 |
| Louisiana | 297 | 6.625% | $6,348 | #28 |
| Minnesota | 285 | 6.500% | $6,341 | #49 |
| Indiana | 284 | 6.500% | $5,828 | #64 |
| Tennessee | 191 | 6.500% | $8,789 | #84 |
| Arizona | 167 | 6.375% | $10,233 | #76 |
| Montana | 150 | 6.125% | $10,260 | #13 |
| Washington | 136 | 6.500% | $9,872 | #89 |
| Wisconsin | 105 | 6.500% | $4,602 | #90 |
| Missouri | 102 | 6.500% | $4,707 | #90 |
| Pennsylvania | 100 | 6.500% | $8,657 | #162 |
| California | 99 | 6.500% | $10,399 | #201 |
| Arkansas | 87 | 6.490% | $4,978 | #72 |
| New Jersey | 86 | 6.500% | $12,030 | #116 |
| Utah | 72 | 6.500% | $8,279 | #65 |
| Nevada | 63 | 6.500% | $9,967 | #81 |
| Alabama | 58 | 6.500% | $6,131 | #125 |
| Oregon | 47 | 6.500% | $9,436 | — |
| Michigan | 45 | 6.750% | $4,315 | — |
| Oklahoma | 39 | 6.500% | $7,326 | — |
| District of Columbia | 38 | 6.375% | $12,361 | — |
| Idaho | 37 | 6.375% | $10,449 | — |
| Nebraska | 33 | 6.625% | $5,369 | — |
| Delaware | 32 | 6.558% | $10,749 | — |
| New Hampshire | 31 | 6.624% | $4,748 | — |
| Massachusetts | 27 | 6.500% | $10,920 | — |
| West Virginia | 27 | 6.375% | $6,099 | — |
| Kansas | 26 | 6.625% | $5,873 | — |
| Connecticut | 19 | 6.500% | $6,344 | — |
| New Mexico | 19 | 6.625% | $6,245 | — |
| Wyoming | 7 | 6.250% | $6,175 | — |
| Mississippi | 5 | 6.500% | $7,066 | — |
| North Dakota | 3 | 6.625% | $6,599 | — |
| Maine | 2 | 6.312% | $6,420 | — |
| Rhode Island | 2 | 6.000% | $12,950 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,875 | 6.750% | — | 102 | −$4,968 | |
| 2 | $3,670 | 6.750% | — | 128 | −$4,173 | |
| 3 | $5,500 | 6.500% | — | 107 | −$2,343 | |
| 4 | $6,290 | 6.625% | — | 180 | −$1,553 | |
| 5 | $7,119 | 6.625% | — | 144 | −$724 | |
| 6 | $7,197 | 6.625% | — | 370 | −$646 | |
| 7 | $8,198 | 6.625% | — | 166 | +$355 | |
| 8 | $8,895 | 6.625% | — | 134 | +$1,052 | |
| 9 | $8,919 | 6.125% | — | 190 | +$1,076 | |
| 10 | $9,041 | 6.125% | — | 105 | +$1,198 | |
| 11 | $9,643 | 6.125% | — | 123 | +$1,800 | |
| 12 | $9,703 | 6.500% | — | 105 | +$1,860 | |
| 13 | $9,750 | 6.375% | — | 125 | +$1,907 | |
| 14 | $9,950 | 6.375% | — | 111 | +$2,107 | |
| 15 | $10,235 | 6.375% | — | 122 | +$2,392 | |
| 16 | $10,357 | 6.500% | — | 128 | +$2,514 | |
| 17 | $10,542 | 6.500% | — | 130 | +$2,699 | |
| 18 | $10,686 | 6.375% | — | 112 | +$2,843 | |
| 19 | $10,864 | 6.500% | — | 110 | +$3,021 | |
| 20 | $11,301 | 6.625% | — | 117 | +$3,458 |
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 | Lower, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $305,000 | $335,000 | −$30,000 (−9.0%) |
| Median total closing costs | $7,843 | $7,127 | +$716 (+10.0%) |
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.