Purchase Originations
296
Median Total Costs
$4,130
−38.2% vs national ($6,680)
↑ $554 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$1,500
Median Lender Credits
$74
Denial Rate
2.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 295 | 6.250% | $4,126 | $1,500 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 293 | 6.250% | $4,126 | #47 |
| North Dakota | 3 | 5.875% | $4,486 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,803 | 5.562% | — | 2 | −$2,327 | |
| 2 | $3,744 | 6.250% | — | 12 | −$386 | |
| 3 | $3,816 | 6.000% | — | 7 | −$314 | |
| 4 | $3,874 | 6.250% | — | 25 | −$256 | |
| 5 | $3,877 | 6.125% | — | 8 | −$253 | |
| 6 | $3,938 | 6.438% | — | 8 | −$192 | |
| 7 | $3,980 | 6.000% | — | 7 | −$150 | |
| 8 | $4,079 | 6.250% | — | 25 | −$51 | |
| 9 | $4,183 | 6.500% | — | 9 | +$53 | |
| 10 | $4,217 | 6.375% | — | 125 | +$87 | |
| 11 | $4,321 | 6.000% | — | 5 | +$191 | |
| 12 | $4,344 | 6.562% | — | 6 | +$214 | |
| 13 | $4,422 | 6.125% | — | 3 | +$292 | |
| 14 | $4,423 | 6.250% | — | 8 | +$293 | |
| 15 | $4,486 | 5.875% | — | 3 | +$356 | |
| 16 | $4,538 | 6.062% | — | 4 | +$408 | |
| 17 | $4,541 | 6.250% | — | 9 | +$411 | |
| 18 | $4,719 | 6.188% | — | 8 | +$589 | |
| 19 | $4,734 | 5.875% | — | 5 | +$604 | |
| 20 | $5,864 | 6.500% | — | 2 | +$1,734 |
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 | Magnifi Financial Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $235,000 | $335,000 | −$100,000 (−29.9%) |
| Median total closing costs | $4,130 | $7,127 | −$2,997 (−42.1%) |
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.