Purchase Originations
2,199
Ranked #206 nationally
Median Total Costs
$5,026
−24.8% vs national ($6,680)
↓ $195 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$2,340
Median Lender Credits
$76
Cost Rank (500+ vol.)
#197
among lenders with 500+ originations
Denial Rate
2.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,678 | 6.625% | $4,469 | $2,111 |
| fha | 365 | 6.625% | $10,280 | $3,569 |
| va | 138 | 6.625% | $5,964 | $1,897 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 1,971 | 6.625% | $4,885 | #7 |
| Florida | 172 | 6.500% | $6,279 | #174 |
| Ohio | 31 | 6.875% | $6,189 | — |
| Indiana | 10 | 5.683% | $10,798 | — |
| California | 5 | 6.500% | $7,440 | — |
| Illinois | 5 | 6.625% | $5,856 | — |
| Connecticut | 2 | 7.058% | $7,487 | — |
| Kentucky | 1 | 6.875% | $4,367 | — |
| Minnesota | 1 | 6.125% | $4,390 | — |
| Texas | 1 | 6.875% | $9,443 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,157 | 6.500% | — | 37 | −$869 | |
| 2 | $4,170 | 6.500% | — | 71 | −$856 | |
| 3 | $4,381 | 6.625% | — | 458 | −$645 | |
| 4 | $4,442 | 6.625% | — | 235 | −$584 | |
| 5 | $4,487 | 6.625% | — | 149 | −$539 | |
| 6 | $4,682 | 6.500% | — | 37 | −$344 | |
| 7 | $4,892 | 6.625% | — | 24 | −$134 | |
| 8 | $4,964 | 6.750% | — | 23 | −$62 | |
| 9 | $4,986 | 6.625% | — | 151 | −$40 | |
| 10 | $5,067 | 6.625% | — | 33 | +$41 | |
| 11 | $5,201 | 6.625% | — | 204 | +$175 | |
| 12 | $5,244 | 6.500% | — | 30 | +$218 | |
| 13 | $5,522 | 6.625% | — | 87 | +$496 | |
| 14 | $5,834 | 6.625% | — | 71 | +$808 | |
| 15 | $5,904 | 6.625% | — | 29 | +$878 | |
| 16 | $5,941 | 6.750% | — | 19 | +$915 | |
| 17 | $6,027 | 6.500% | — | 19 | +$1,001 | |
| 18 | $6,186 | 6.500% | — | 138 | +$1,160 | |
| 19 | $6,381 | 6.625% | — | 33 | +$1,355 | |
| 20 | $6,583 | 6.625% | — | 58 | +$1,557 |
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 | Mortgage 1 Incorporated | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $5,026 | $7,127 | −$2,101 (−29.5%) |
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.