Purchase Originations
655
Ranked #528 nationally
Median Total Costs
$4,814
−27.9% vs national ($6,680)
↑ $462 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,439
Median Lender Credits
$844
Cost Rank (500+ vol.)
#176
among lenders with 500+ originations
Denial Rate
2.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 425 | 6.625% | $3,521 | $1,349 |
| fha | 175 | 6.375% | $8,814 | $1,609 |
| va | 51 | 6.250% | $6,774 | $1,349 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 352 | 6.500% | $5,230 | #35 |
| Kansas | 280 | 6.625% | $3,943 | #26 |
| Texas | 11 | 6.250% | $6,774 | — |
| Georgia | 3 | 5.990% | $10,132 | — |
| Virginia | 2 | 6.625% | $7,539 | — |
| California | 1 | 6.875% | $18,780 | — |
| Colorado | 1 | 6.375% | $3,798 | — |
| Florida | 1 | 7.990% | $4,814 | — |
| Illinois | 1 | 6.625% | $14,884 | — |
| Minnesota | 1 | 6.990% | $4,296 | — |
| North Carolina | 1 | 5.250% | $7,782 | — |
| Washington | 1 | 6.750% | $15,993 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,902 | 6.933% | — | 4 | −$1,912 | |
| 2 | $3,192 | 6.750% | — | 3 | −$1,622 | |
| 3 | $3,484 | 6.562% | — | 32 | −$1,330 | |
| 4 | $3,578 | 6.625% | — | 143 | −$1,236 | |
| 5 | $3,609 | 6.625% | — | 3 | −$1,205 | |
| 6 | $4,751 | 6.688% | — | 8 | −$63 | |
| 7 | $4,954 | 6.250% | — | 5 | +$140 | |
| 8 | $5,101 | 6.500% | — | 179 | +$287 | |
| 9 | $5,239 | 6.375% | — | 67 | +$425 | |
| 10 | $5,650 | 6.312% | — | 20 | +$836 | |
| 11 | $5,672 | 6.500% | — | 39 | +$858 | |
| 12 | $5,751 | 6.500% | — | 23 | +$937 | |
| 13 | $5,821 | 6.500% | — | 42 | +$1,007 | |
| 14 | $6,297 | 6.250% | — | 13 | +$1,483 | |
| 15 | $6,756 | 6.500% | — | 9 | +$1,942 | |
| 16 | $6,906 | 6.375% | — | 3 | +$2,092 | |
| 17 | $6,953 | 6.433% | — | 14 | +$2,139 | |
| 18 | $7,325 | 6.375% | — | 3 | +$2,511 | |
| 19 | $10,670 | 6.250% | — | 5 | +$5,856 | |
| 20 | $10,709 | 6.250% | — | 2 | +$5,895 |
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 Squared Financial LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $4,814 | $7,127 | −$2,313 (−32.5%) |
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.