Purchase Originations
1,749
Ranked #253 nationally
Median Total Costs
$8,512
+27.4% vs national ($6,680)
↓ $512 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$2,544
Median Lender Credits
$50
Cost Rank (500+ vol.)
#474
among lenders with 500+ originations
Denial Rate
5.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 954 | 6.625% | $6,413 | $2,296 |
| fha | 572 | 6.250% | $11,563 | $3,031 |
| va | 205 | 6.125% | $7,353 | $1,590 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,409 | 6.490% | $8,948 | #45 |
| Florida | 123 | 6.500% | $6,127 | #212 |
| South Carolina | 79 | 6.490% | $8,615 | #133 |
| Louisiana | 39 | 6.500% | $8,178 | — |
| Utah | 20 | 6.688% | $5,686 | — |
| Colorado | 17 | 6.990% | $4,660 | — |
| Oklahoma | 14 | 6.625% | $5,960 | — |
| Massachusetts | 11 | 6.750% | $4,324 | — |
| Rhode Island | 9 | 6.875% | $4,289 | — |
| Pennsylvania | 5 | 6.250% | $7,834 | — |
| Georgia | 4 | 6.995% | $5,926 | — |
| Illinois | 4 | 6.495% | $6,166 | — |
| Arkansas | 2 | 6.875% | $4,085 | — |
| Arizona | 2 | 6.933% | $11,308 | — |
| Idaho | 2 | 6.750% | $14,742 | — |
| Washington | 2 | 7.188% | $4,734 | — |
| Alabama | 1 | 6.990% | $3,813 | — |
| Connecticut | 1 | 6.000% | $3,518 | — |
| Maryland | 1 | 6.125% | $6,564 | — |
| North Carolina | 1 | 6.490% | $4,076 | — |
| New Mexico | 1 | 5.875% | $4,957 | — |
| Tennessee | 1 | 5.990% | $31,736 | — |
| Virginia | 1 | 6.875% | $4,457 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,729 | 6.500% | — | 47 | −$2,783 | |
| 2 | $6,140 | 6.500% | — | 37 | −$2,372 | |
| 3 | $6,649 | 6.625% | — | 101 | −$1,863 | |
| 4 | $7,158 | 6.500% | — | 29 | −$1,354 | |
| 5 | $7,447 | 6.625% | — | 108 | −$1,065 | |
| 6 | $7,944 | 6.625% | — | 23 | −$568 | |
| 7 | $8,018 | 6.624% | — | 19 | −$494 | |
| 8 | $8,024 | 6.433% | — | 34 | −$488 | |
| 9 | $8,124 | 6.312% | — | 68 | −$388 | |
| 10 | $8,415 | 6.562% | — | 72 | −$97 | |
| 11 | $8,652 | 6.000% | — | 105 | +$140 | |
| 12 | $8,662 | 6.750% | — | 21 | +$150 | |
| 13 | $8,818 | 6.500% | — | 47 | +$306 | |
| 14 | $9,526 | 6.375% | — | 391 | +$1,014 | |
| 15 | $9,848 | 6.375% | — | 20 | +$1,336 | |
| 16 | $10,479 | 6.250% | — | 26 | +$1,967 | |
| 17 | $11,103 | 6.250% | — | 106 | +$2,591 | |
| 18 | $11,303 | 4.990% | — | 22 | +$2,791 | |
| 19 | $11,852 | 6.188% | — | 36 | +$3,340 | |
| 20 | $13,524 | 6.125% | — | 36 | +$5,012 |
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 | Network Funding, L.P. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $325,000 | $335,000 | −$10,000 (−3.0%) |
| Median total closing costs | $8,512 | $7,127 | +$1,385 (+19.4%) |
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.