Purchase Originations
6,750
Ranked #65 nationally
Median Total Costs
$13,598
+103.6% vs national ($6,680)
↑ $1,735 vs prior year
Median Rate
5.750%
−11.4% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$8,268
Median Lender Credits
$42
Cost Rank (500+ vol.)
#593
among lenders with 500+ originations
Denial Rate
2.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,757 | 5.875% | $8,560 | $5,538 |
| fha | 2,267 | 4.875% | $19,363 | $9,795 |
| va | 725 | 4.875% | $14,763 | $9,218 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 2,065 | 4.875% | $16,353 | #26 |
| Florida | 1,171 | 5.375% | $16,671 | #42 |
| Ohio | 1,069 | 5.875% | $5,709 | #19 |
| North Carolina | 635 | 5.875% | $14,909 | #42 |
| Illinois | 562 | 5.875% | $8,321 | #42 |
| Minnesota | 553 | 5.875% | $9,144 | #25 |
| Indiana | 431 | 5.375% | $13,154 | #37 |
| Michigan | 184 | 5.875% | $12,253 | #82 |
| Tennessee | 73 | 4.875% | $12,704 | #145 |
| South Carolina | 7 | 4.875% | $9,543 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,063 | 6.250% | — | 187 | −$8,535 | |
| 2 | $5,118 | 5.875% | — | 254 | −$8,480 | |
| 3 | $5,429 | 6.000% | — | 131 | −$8,169 | |
| 4 | $7,216 | 5.875% | — | 177 | −$6,382 | |
| 5 | $10,230 | 5.875% | — | 163 | −$3,368 | |
| 6 | $10,663 | 5.875% | — | 123 | −$2,935 | |
| 7 | $12,690 | 5.750% | — | 142 | −$908 | |
| 8 | $13,226 | 5.875% | — | 270 | −$372 | |
| 9 | $13,419 | 5.875% | — | 229 | −$179 | |
| 10 | $14,430 | 5.500% | — | 249 | +$832 | |
| 11 | $15,328 | 4.875% | — | 124 | +$1,730 | |
| 12 | $15,668 | 4.875% | — | 206 | +$2,070 | |
| 13 | $15,951 | 4.875% | — | 157 | +$2,353 | |
| 14 | $16,492 | 5.875% | — | 135 | +$2,894 | |
| 15 | $16,891 | 5.375% | — | 197 | +$3,293 | |
| 16 | $17,041 | 4.875% | — | 356 | +$3,443 | |
| 17 | $17,614 | 4.875% | — | 147 | +$4,016 | |
| 18 | $18,164 | 6.375% | — | 125 | +$4,566 | |
| 19 | $18,592 | 5.375% | — | 302 | +$4,994 | |
| 20 | $19,412 | 5.875% | — | 197 | +$5,814 |
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 | M/I Financial, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $395,000 | $335,000 | +$60,000 (+17.9%) |
| Median total closing costs | $13,598 | $7,127 | +$6,471 (+90.8%) |
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.