Purchase Originations
32,538
Ranked #14 nationally
Median Total Costs
$8,595
+28.7% vs national ($6,680)
↑ $456 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$3,264
Median Lender Credits
$700
Cost Rank (500+ vol.)
#478
among lenders with 500+ originations
Denial Rate
4.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 16,864 | 6.750% | $6,334 | $2,735 |
| fha | 12,373 | 6.625% | $11,853 | $3,830 |
| va | 2,977 | 6.500% | $9,204 | $3,150 |
| usda | 324 | 6.625% | $7,111 | $2,535 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 3,544 | 6.625% | $10,816 | #14 |
| Georgia | 2,384 | 6.490% | $10,762 | #9 |
| California | 2,325 | 6.625% | $10,417 | #19 |
| Illinois | 2,297 | 6.875% | $6,394 | #8 |
| Florida | 2,217 | 6.625% | $10,984 | #19 |
| Missouri | 1,586 | 6.750% | $5,228 | #9 |
| Pennsylvania | 1,357 | 6.750% | $7,481 | #14 |
| Minnesota | 1,310 | 6.625% | $7,010 | #8 |
| Washington | 981 | 6.750% | $9,662 | #17 |
| Iowa | 915 | 6.750% | $5,658 | #5 |
| North Carolina | 864 | 6.625% | $9,030 | #32 |
| Tennessee | 838 | 6.624% | $8,941 | #18 |
| Colorado | 830 | 6.500% | $9,668 | #19 |
| Ohio | 814 | 6.875% | $8,619 | #33 |
| New York | 719 | 6.750% | $10,932 | #32 |
| New Jersey | 715 | 6.750% | $9,828 | #24 |
| Kentucky | 682 | 6.625% | $8,517 | #11 |
| Massachusetts | 648 | 6.745% | $6,750 | #14 |
| Arizona | 639 | 6.625% | $9,521 | #29 |
| Indiana | 615 | 6.875% | $7,741 | #26 |
| Nevada | 608 | 6.500% | $11,980 | #11 |
| Alabama | 549 | 6.750% | $7,740 | #22 |
| South Carolina | 470 | 6.625% | $9,639 | #35 |
| Virginia | 416 | 6.625% | $9,220 | #48 |
| Michigan | 367 | 6.750% | $6,954 | #54 |
| Mississippi | 330 | 6.750% | $9,030 | #19 |
| Oregon | 312 | 6.750% | $8,622 | #32 |
| Maryland | 282 | 6.625% | $9,898 | #49 |
| Oklahoma | 265 | 6.750% | $8,529 | #27 |
| Wisconsin | 257 | 6.750% | $6,154 | #49 |
| Connecticut | 250 | 6.625% | $8,432 | #25 |
| Utah | 248 | 6.500% | $11,049 | #31 |
| Maine | 239 | 6.625% | $4,970 | #14 |
| Louisiana | 161 | 6.875% | $6,558 | #46 |
| Arkansas | 156 | 6.750% | $7,440 | #48 |
| Idaho | 150 | 6.500% | $9,138 | #35 |
| New Mexico | 148 | 6.625% | $8,569 | #29 |
| Puerto Rico | 148 | 6.490% | $13,798 | #14 |
| Kansas | 146 | 6.750% | $6,308 | #47 |
| Delaware | 127 | 6.750% | $8,945 | #25 |
| West Virginia | 120 | 6.875% | $7,357 | #30 |
| New Hampshire | 115 | 6.625% | $5,299 | #24 |
| Montana | 82 | 6.625% | $9,155 | #21 |
| Rhode Island | 77 | 6.750% | $10,190 | #33 |
| Nebraska | 65 | 6.875% | $6,995 | #52 |
| North Dakota | 44 | 6.688% | $9,726 | — |
| Vermont | 37 | 6.750% | $9,098 | — |
| Wyoming | 33 | 6.750% | $8,725 | — |
| Alaska | 19 | 6.625% | $7,146 | — |
| District of Columbia | 15 | 6.625% | $11,312 | — |
| South Dakota | 13 | 6.490% | $7,180 | — |
| Hawaii | 9 | 6.750% | $14,592 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,652 | 6.875% | — | 255 | −$4,943 | |
| 2 | $4,854 | 6.875% | — | 273 | −$3,741 | |
| 3 | $4,932 | 6.750% | — | 205 | −$3,663 | |
| 4 | $4,977 | 6.750% | — | 481 | −$3,618 | |
| 5 | $4,981 | 6.875% | — | 190 | −$3,614 | |
| 6 | $7,115 | 6.625% | — | 259 | −$1,480 | |
| 7 | $7,430 | 6.812% | — | 472 | −$1,165 | |
| 8 | $7,535 | 6.625% | — | 224 | −$1,060 | |
| 9 | $7,619 | 6.625% | — | 265 | −$976 | |
| 10 | $9,526 | 6.750% | — | 257 | +$931 | |
| 11 | $11,254 | 6.625% | — | 319 | +$2,659 | |
| 12 | $11,407 | 6.625% | — | 918 | +$2,812 | |
| 13 | $11,561 | 6.625% | — | 207 | +$2,966 | |
| 14 | $11,638 | 6.625% | — | 187 | +$3,043 | |
| 15 | $11,644 | 6.500% | — | 475 | +$3,049 | |
| 16 | $11,756 | 6.625% | — | 192 | +$3,161 | |
| 17 | $11,835 | 6.625% | — | 487 | +$3,240 | |
| 18 | $11,958 | 6.500% | — | 278 | +$3,363 | |
| 19 | $13,567 | 6.250% | — | 186 | +$4,972 | |
| 20 | $17,861 | 6.750% | — | 210 | +$9,266 |
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 | New American Funding, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $8,595 | $7,127 | +$1,468 (+20.6%) |
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.