Purchase Originations
28,556
Ranked #16 nationally
Median Total Costs
$4,242
−36.5% vs national ($6,680)
↑ $58 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$0
Median Lender Credits
$15
Cost Rank (500+ vol.)
#129
among lenders with 500+ originations
Denial Rate
7.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| va | 15,270 | 6.000% | $4,739 | $0 |
| conventional | 13,286 | 6.500% | $3,964 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 3,141 | 6.125% | $4,493 | #11 |
| Virginia | 2,535 | 6.125% | $4,098 | #6 |
| Texas | 2,462 | 6.000% | $4,893 | #20 |
| North Carolina | 2,205 | 6.000% | $3,832 | #9 |
| Georgia | 1,412 | 6.125% | $4,328 | #15 |
| Maryland | 1,319 | 6.250% | $4,427 | #5 |
| California | 1,236 | 6.125% | $5,554 | #31 |
| South Carolina | 861 | 6.000% | $3,884 | #20 |
| Pennsylvania | 847 | 6.250% | $4,232 | #25 |
| Ohio | 787 | 6.125% | $3,390 | #36 |
| Tennessee | 752 | 6.000% | $3,745 | #22 |
| Washington | 749 | 6.000% | $4,389 | #23 |
| Alabama | 699 | 6.000% | $3,036 | #19 |
| Illinois | 638 | 6.125% | $4,841 | #34 |
| New York | 612 | 6.000% | $5,091 | #36 |
| Colorado | 535 | 6.000% | $3,227 | #27 |
| Arizona | 534 | 6.000% | $4,464 | #37 |
| Missouri | 523 | 6.000% | $2,831 | #22 |
| Michigan | 473 | 6.125% | $2,879 | #42 |
| Louisiana | 447 | 6.000% | $5,286 | #19 |
| Oklahoma | 419 | 6.000% | $3,608 | #19 |
| New Jersey | 394 | 6.125% | $4,828 | #41 |
| Indiana | 391 | 6.125% | $2,152 | #46 |
| Nevada | 344 | 6.000% | $4,053 | #21 |
| Kentucky | 304 | 6.000% | $2,929 | #34 |
| Mississippi | 301 | 6.000% | $3,706 | #20 |
| Wisconsin | 286 | 6.000% | $2,598 | #44 |
| Connecticut | 267 | 6.250% | $4,200 | #21 |
| Kansas | 260 | 6.000% | $2,414 | #28 |
| Arkansas | 252 | 6.000% | $2,519 | #27 |
| New Mexico | 242 | 6.000% | $3,842 | #19 |
| Massachusetts | 233 | 6.125% | $3,918 | #47 |
| West Virginia | 232 | 6.125% | $3,289 | #15 |
| Oregon | 219 | 6.000% | $4,218 | #41 |
| Minnesota | 206 | 6.000% | $2,929 | #59 |
| Nebraska | 151 | 6.125% | $2,341 | #31 |
| New Hampshire | 123 | 6.250% | $2,981 | #23 |
| Iowa | 112 | 6.000% | $2,137 | #56 |
| Maine | 112 | 6.125% | $3,021 | #23 |
| District of Columbia | 106 | 6.250% | $5,768 | #11 |
| Idaho | 106 | 6.000% | $4,496 | #45 |
| Rhode Island | 106 | 6.250% | $3,324 | #25 |
| Alaska | 94 | 6.000% | $5,662 | #13 |
| Utah | 86 | 6.000% | $2,977 | #61 |
| Delaware | 84 | 6.250% | $4,624 | #31 |
| Hawaii | 80 | 6.000% | $6,208 | #22 |
| Montana | 72 | 6.000% | $3,783 | #26 |
| Wyoming | 61 | 6.000% | $2,813 | #19 |
| North Dakota | 56 | 6.000% | $6,274 | #28 |
| South Dakota | 48 | 6.000% | $2,202 | — |
| Vermont | 42 | 6.312% | $3,933 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,016 | 6.125% | — | 170 | −$1,226 | |
| 2 | $3,896 | 6.000% | — | 265 | −$346 | |
| 3 | $4,210 | 6.125% | — | 302 | −$32 | |
| 4 | $4,219 | 6.250% | — | 336 | −$23 | |
| 5 | $4,226 | 6.062% | — | 178 | −$16 | |
| 6 | $4,386 | 6.375% | — | 216 | +$144 | |
| 7 | $4,562 | 6.125% | — | 352 | +$320 | |
| 8 | $4,584 | 6.125% | — | 200 | +$342 | |
| 9 | $4,727 | 6.125% | — | 274 | +$485 | |
| 10 | $4,794 | 6.125% | — | 233 | +$552 | |
| 11 | $4,918 | 6.125% | — | 197 | +$676 | |
| 12 | $4,942 | 6.125% | — | 252 | +$700 | |
| 13 | $4,949 | 6.250% | — | 202 | +$707 | |
| 14 | $5,240 | 6.125% | — | 200 | +$998 | |
| 15 | $5,312 | 6.000% | — | 188 | +$1,070 | |
| 16 | $5,331 | 6.250% | — | 189 | +$1,089 | |
| 17 | $5,645 | 6.000% | — | 223 | +$1,403 | |
| 18 | $5,932 | 6.000% | — | 229 | +$1,690 | |
| 19 | $6,041 | 6.000% | — | 389 | +$1,799 | |
| 20 | $6,264 | 6.125% | — | 291 | +$2,022 |
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 | Navy Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $345,000 | $335,000 | +$10,000 (+3.0%) |
| Median total closing costs | $4,242 | $7,127 | −$2,885 (−40.5%) |
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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.