Purchase Originations
5,779
Ranked #82 nationally
Median Total Costs
$5,366
−19.7% vs national ($6,680)
↑ $228 vs prior year
Median Rate
5.900%
−9.1% vs national (6.490%)
↓ 0.150% vs prior year
Median Origination
$815
Median Lender Credits
$800
Cost Rank (500+ vol.)
#227
among lenders with 500+ originations
Denial Rate
1.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 5,779 | 5.900% | $5,366 | $815 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 905 | 5.775% | $6,868 | #43 |
| New York | 576 | 5.765% | $6,101 | #45 |
| Florida | 503 | 5.900% | $5,410 | #91 |
| Texas | 405 | 5.850% | $4,396 | #133 |
| New Jersey | 324 | 5.888% | $6,829 | #46 |
| Massachusetts | 293 | 5.875% | $5,338 | #39 |
| Illinois | 266 | 6.050% | $6,622 | #76 |
| Colorado | 220 | 5.912% | $3,263 | #76 |
| Georgia | 183 | 5.900% | $5,272 | #108 |
| Washington | 177 | 5.850% | $4,924 | #69 |
| Virginia | 166 | 5.950% | $5,066 | #94 |
| North Carolina | 159 | 5.950% | $4,278 | #121 |
| Pennsylvania | 145 | 6.000% | $6,081 | #130 |
| Maryland | 116 | 5.900% | $5,415 | #92 |
| Tennessee | 114 | 5.938% | $2,732 | #114 |
| Arizona | 108 | 6.062% | $5,043 | #97 |
| South Carolina | 85 | 6.000% | $4,386 | #130 |
| Ohio | 81 | 6.000% | $3,217 | #150 |
| Minnesota | 75 | 5.950% | $4,105 | #109 |
| Michigan | 71 | 5.950% | $3,858 | #132 |
| Oregon | 69 | 5.950% | $3,921 | #84 |
| Wisconsin | 64 | 6.200% | $2,572 | #123 |
| Nevada | 61 | 5.900% | $4,799 | #83 |
| Utah | 45 | 5.950% | $4,343 | — |
| Indiana | 43 | 6.000% | $2,482 | — |
| Alabama | 42 | 5.950% | $3,089 | — |
| Louisiana | 41 | 6.000% | $4,465 | — |
| Connecticut | 37 | 5.950% | $5,253 | — |
| District of Columbia | 33 | 5.750% | $6,541 | — |
| Missouri | 33 | 6.150% | $3,780 | — |
| Kansas | 31 | 5.950% | $2,667 | — |
| Idaho | 30 | 6.000% | $3,686 | — |
| Kentucky | 29 | 5.925% | $3,170 | — |
| New Hampshire | 27 | 6.050% | $3,677 | — |
| Maine | 23 | 6.050% | $3,579 | — |
| Rhode Island | 23 | 5.950% | $4,177 | — |
| Vermont | 23 | 5.900% | $5,017 | — |
| Hawaii | 17 | 5.775% | $5,311 | — |
| New Mexico | 17 | 5.950% | $2,578 | — |
| Oklahoma | 17 | 6.200% | $4,422 | — |
| Delaware | 16 | 5.963% | $4,864 | — |
| Mississippi | 15 | 6.000% | $3,927 | — |
| Montana | 15 | 6.350% | $3,399 | — |
| Nebraska | 14 | 6.175% | $2,591 | — |
| West Virginia | 10 | 6.050% | $4,111 | — |
| Arkansas | 9 | 5.700% | $3,227 | — |
| Iowa | 8 | 6.350% | $3,115 | — |
| Wyoming | 5 | 5.600% | $4,860 | — |
| Alaska | 4 | 6.325% | $3,261 | — |
| South Dakota | 4 | 5.575% | $2,905 | — |
| North Dakota | 2 | 6.463% | $3,094 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,048 | 5.850% | — | 79 | −$1,318 | |
| 2 | $4,616 | 5.600% | — | 88 | −$750 | |
| 3 | $4,833 | 5.850% | — | 65 | −$533 | |
| 4 | $5,126 | 5.750% | — | 157 | −$240 | |
| 5 | $5,227 | 5.800% | — | 107 | −$139 | |
| 6 | $5,345 | 5.850% | — | 105 | −$21 | |
| 7 | $5,561 | 5.950% | — | 79 | +$195 | |
| 8 | $5,692 | 5.862% | — | 66 | +$326 | |
| 9 | $5,699 | 5.650% | — | 73 | +$333 | |
| 10 | $5,992 | 5.800% | — | 93 | +$626 | |
| 11 | $6,174 | 5.688% | — | 76 | +$808 | |
| 12 | $6,191 | 5.880% | — | 89 | +$825 | |
| 13 | $6,257 | 5.875% | — | 67 | +$891 | |
| 14 | $6,287 | 5.700% | — | 127 | +$921 | |
| 15 | $6,441 | 5.650% | — | 68 | +$1,075 | |
| 16 | $6,840 | 6.025% | — | 164 | +$1,474 | |
| 17 | $7,495 | 5.875% | — | 97 | +$2,129 | |
| 18 | $7,865 | 5.812% | — | 66 | +$2,499 | |
| 19 | $8,127 | 5.725% | — | 78 | +$2,761 | |
| 20 | $9,632 | 5.750% | — | 225 | +$4,266 |
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 | Morgan Stanley Private Bank, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $775,000 | $335,000 | +$440,000 (+131.3%) |
| Median total closing costs | $5,366 | $7,127 | −$1,761 (−24.7%) |
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.