Purchase Originations
119
Median Total Costs
$5,194
−22.3% vs national ($6,680)
↑ $420 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.260% vs prior year
Median Origination
$1,595
Median Lender Credits
$102
Denial Rate
7.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 68 | 6.750% | $4,264 | $1,595 |
| fha | 27 | 6.125% | $8,548 | $1,595 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Mississippi | 105 | 6.375% | $5,225 | #46 |
| Louisiana | 8 | 7.062% | $4,349 | — |
| Alabama | 6 | 5.808% | $5,133 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,900 | 7.500% | — | 1 | −$2,294 | |
| 2 | $3,685 | 5.562% | — | 2 | −$1,509 | |
| 3 | $3,951 | 7.000% | — | 3 | −$1,243 | |
| 4 | $4,238 | 6.438% | — | 8 | −$956 | |
| 5 | $4,315 | 7.125% | — | 1 | −$879 | |
| 6 | $4,383 | 7.500% | — | 1 | −$811 | |
| 7 | $4,609 | 6.625% | — | 17 | −$585 | |
| 8 | $4,702 | 6.490% | — | 39 | −$492 | |
| 9 | $5,133 | 5.808% | — | 6 | −$61 | |
| 10 | $5,780 | 6.375% | — | 25 | +$586 | |
| 11 | $5,826 | 6.438% | — | 4 | +$632 | |
| 12 | $6,171 | 6.500% | — | 1 | +$977 | |
| 13 | $6,302 | 6.490% | — | 1 | +$1,108 | |
| 14 | $6,633 | 6.750% | — | 1 | +$1,439 | |
| 15 | $6,943 | 6.250% | — | 1 | +$1,749 | |
| 16 | $6,945 | 6.183% | — | 2 | +$1,751 | |
| 17 | $7,373 | 6.120% | — | 2 | +$2,179 | |
| 18 | $11,115 | 5.990% | — | 3 | +$5,921 | |
| 19 | $11,967 | 6.490% | — | 1 | +$6,773 |
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 | Merchants & Marine Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $235,000 | $335,000 | −$100,000 (−29.9%) |
| Median total closing costs | $5,194 | $7,127 | −$1,933 (−27.1%) |
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.