Purchase Originations
409
Median Total Costs
$18,663
+179.4% vs national ($6,680)
↓ $300 vs prior year
Median Rate
7.250%
+11.7% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$13,192
Median Lender Credits
$5,288
Denial Rate
6.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 409 | 7.250% | $18,663 | $13,192 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 128 | 7.375% | $18,657 | #202 |
| California | 94 | 7.125% | $18,860 | #208 |
| New York | 78 | 7.250% | $24,069 | #134 |
| New Jersey | 24 | 7.312% | $17,919 | — |
| Texas | 14 | 7.188% | $16,540 | — |
| Arizona | 9 | 7.125% | $18,438 | — |
| Pennsylvania | 6 | 7.562% | $10,784 | — |
| Colorado | 5 | 6.875% | $17,566 | — |
| Georgia | 5 | 7.250% | $9,771 | — |
| Tennessee | 5 | 7.999% | $13,729 | — |
| Illinois | 4 | 7.687% | $15,166 | — |
| Ohio | 4 | 8.250% | $10,841 | — |
| Washington | 4 | 6.938% | $15,983 | — |
| Connecticut | 3 | 7.999% | $17,461 | — |
| Massachusetts | 3 | 7.500% | $19,476 | — |
| Michigan | 3 | 8.625% | $7,701 | — |
| Utah | 3 | 6.500% | $12,276 | — |
| Maryland | 2 | 7.188% | $13,377 | — |
| Minnesota | 2 | 6.562% | $14,136 | — |
| North Carolina | 2 | 7.250% | $4,763 | — |
| South Carolina | 2 | 7.000% | $21,414 | — |
| Virginia | 2 | 8.312% | $24,028 | — |
| Alabama | 1 | 8.375% | $16,939 | — |
| Arkansas | 1 | 7.625% | $7,627 | — |
| Delaware | 1 | 6.875% | $15,002 | — |
| Louisiana | 1 | 8.125% | $9,646 | — |
| New Hampshire | 1 | 7.625% | $14,599 | — |
| Rhode Island | 1 | 8.500% | $20,944 | — |
| Wisconsin | 1 | 8.500% | $19,611 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $10,212 | 6.625% | — | 3 | −$8,451 | |
| 2 | $10,692 | 7.250% | — | 7 | −$7,971 | |
| 3 | $13,399 | 7.124% | — | 8 | −$5,264 | |
| 4 | $14,042 | 7.250% | — | 8 | −$4,621 | |
| 5 | $14,142 | 7.250% | — | 4 | −$4,521 | |
| 6 | $14,553 | 6.999% | — | 5 | −$4,110 | |
| 7 | $15,463 | 7.250% | — | 4 | −$3,200 | |
| 8 | $15,762 | 7.187% | — | 4 | −$2,901 | |
| 9 | $17,131 | 7.125% | — | 19 | −$1,532 | |
| 10 | $18,080 | 7.500% | — | 8 | −$583 | |
| 11 | $19,105 | 7.500% | — | 16 | +$442 | |
| 12 | $19,335 | 7.250% | — | 4 | +$672 | |
| 13 | $20,356 | 6.875% | — | 9 | +$1,693 | |
| 14 | $21,208 | 7.438% | — | 8 | +$2,545 | |
| 15 | $21,452 | 7.125% | — | 41 | +$2,789 | |
| 16 | $22,475 | 7.438% | — | 12 | +$3,812 | |
| 17 | $22,701 | 7.625% | — | 56 | +$4,038 | |
| 18 | $24,297 | 7.000% | — | 6 | +$5,634 | |
| 19 | $25,355 | 7.375% | — | 9 | +$6,692 | |
| 20 | $29,267 | 6.999% | — | 21 | +$10,604 |
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 | Luxury Mortgage Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $645,000 | $335,000 | +$310,000 (+92.5%) |
| Median total closing costs | $18,663 | $7,127 | +$11,536 (+161.9%) |
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.