Purchase Originations
374
Median Total Costs
$8,130
+21.7% vs national ($6,680)
↑ $1,270 vs prior year
Median Rate
6.000%
−7.5% vs national (6.490%)
↓ 0.438% vs prior year
Median Origination
$1,195
Median Lender Credits
$1,563
Denial Rate
4.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 368 | 6.000% | $8,061 | $1,195 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 295 | 5.875% | $8,375 | #115 |
| Washington | 68 | 6.250% | $6,617 | #134 |
| Oregon | 7 | 6.125% | $7,848 | — |
| Hawaii | 3 | 5.750% | $15,936 | — |
| Idaho | 1 | 6.625% | $5,130 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,360 | 6.625% | — | 9 | −$3,770 | |
| 2 | $5,004 | 6.562% | — | 6 | −$3,126 | |
| 3 | $5,508 | 6.375% | — | 4 | −$2,622 | |
| 4 | $5,703 | 6.375% | — | 5 | −$2,427 | |
| 5 | $6,646 | 6.250% | — | 9 | −$1,484 | |
| 6 | $6,710 | 6.188% | — | 4 | −$1,420 | |
| 7 | $6,869 | 6.625% | — | 5 | −$1,261 | |
| 8 | $6,979 | 6.688% | — | 6 | −$1,151 | |
| 9 | $7,205 | 6.125% | — | 36 | −$925 | |
| 10 | $7,558 | 5.875% | — | 32 | −$572 | |
| 11 | $7,862 | 6.250% | — | 18 | −$268 | |
| 12 | $7,963 | 5.750% | — | 11 | −$167 | |
| 13 | $8,411 | 5.875% | — | 52 | +$281 | |
| 14 | $8,457 | 5.875% | — | 37 | +$327 | |
| 15 | $8,550 | 5.875% | — | 14 | +$420 | |
| 16 | $10,003 | 6.125% | — | 20 | +$1,873 | |
| 17 | $10,477 | 5.938% | — | 6 | +$2,347 | |
| 18 | $10,693 | 6.000% | — | 7 | +$2,563 | |
| 19 | $10,770 | 5.875% | — | 49 | +$2,640 | |
| 20 | $12,000 | 6.312% | — | 4 | +$3,870 |
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 | Mechanics Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $1,025,000 | $335,000 | +$690,000 (+206.0%) |
| Median total closing costs | $8,130 | $7,127 | +$1,003 (+14.1%) |
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.