Purchase Originations
102
Median Total Costs
$4,445
−33.5% vs national ($6,680)
↑ $0 vs prior year
Median Rate
6.438%
−0.8% vs national (6.490%)
↓ 0.124% vs prior year
Median Origination
$695
Median Lender Credits
$1,597
Denial Rate
2.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 102 | 6.438% | $4,445 | $695 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 64 | 6.375% | $4,431 | #117 |
| New Hampshire | 7 | 6.250% | $3,436 | — |
| California | 5 | 6.375% | $6,829 | — |
| Oregon | 4 | 6.312% | $4,527 | — |
| Texas | 4 | 6.688% | $5,196 | — |
| New Jersey | 2 | 6.562% | $4,926 | — |
| Ohio | 2 | 6.438% | $5,356 | — |
| Alabama | 1 | 6.625% | $3,168 | — |
| Arizona | 1 | 6.875% | $5,148 | — |
| Colorado | 1 | 6.625% | $3,100 | — |
| Florida | 1 | 6.625% | $5,989 | — |
| Georgia | 1 | 5.250% | $3,472 | — |
| Iowa | 1 | 6.375% | $2,868 | — |
| Illinois | 1 | 6.500% | $7,125 | — |
| Indiana | 1 | 6.375% | $2,199 | — |
| Maine | 1 | 6.250% | $2,486 | — |
| Michigan | 1 | 6.500% | $3,780 | — |
| New York | 1 | 6.625% | $4,551 | — |
| Virginia | 1 | 6.625% | $4,446 | — |
| Washington | 1 | 6.125% | $3,202 | — |
| Wisconsin | 1 | 6.375% | $2,585 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,199 | 6.375% | — | 1 | −$2,246 | |
| 2 | $2,993 | 5.625% | — | 1 | −$1,452 | |
| 3 | $3,100 | 6.625% | — | 1 | −$1,345 | |
| 4 | $3,138 | 5.500% | — | 2 | −$1,307 | |
| 5 | $3,168 | 6.625% | — | 1 | −$1,277 | |
| 6 | $3,828 | 6.500% | — | 5 | −$617 | |
| 7 | $3,926 | 6.250% | — | 1 | −$519 | |
| 8 | $4,207 | 6.375% | — | 1 | −$238 | |
| 9 | $4,418 | 6.375% | — | 5 | −$27 | |
| 10 | $4,461 | 6.375% | — | 41 | +$16 | |
| 11 | $4,485 | 6.500% | — | 6 | +$40 | |
| 12 | $4,962 | 6.375% | — | 5 | +$517 | |
| 13 | $5,148 | 6.875% | — | 1 | +$703 | |
| 14 | $5,299 | 6.375% | — | 3 | +$854 | |
| 15 | $5,941 | 6.750% | — | 3 | +$1,496 | |
| 16 | $6,548 | 6.625% | — | 1 | +$2,103 | |
| 17 | $6,829 | 6.625% | — | 1 | +$2,384 | |
| 18 | $7,125 | 6.500% | — | 1 | +$2,680 | |
| 19 | $7,150 | 6.000% | — | 1 | +$2,705 | |
| 20 | $7,528 | 6.375% | — | 1 | +$3,083 |
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 | Mass. Institute OF Tech. Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $525,000 | $335,000 | +$190,000 (+56.7%) |
| Median total closing costs | $4,445 | $7,127 | −$2,682 (−37.6%) |
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.