Purchase Originations
470
Median Total Costs
$7,475
+11.9% vs national ($6,680)
↑ $91 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.615% vs prior year
Median Origination
$3,094
Median Lender Credits
$67
Denial Rate
4.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| va | 464 | 6.375% | $7,507 | $3,116 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 67 | 6.375% | $9,741 | #284 |
| North Carolina | 31 | 6.500% | $5,928 | — |
| Tennessee | 25 | 6.250% | $8,597 | — |
| Texas | 24 | 6.500% | $8,102 | — |
| Alabama | 20 | 6.250% | $5,696 | — |
| Arizona | 19 | 6.250% | $7,883 | — |
| Kentucky | 19 | 6.250% | $7,776 | — |
| Missouri | 19 | 6.490% | $5,905 | — |
| Georgia | 17 | 6.375% | $6,608 | — |
| Michigan | 17 | 6.375% | $7,680 | — |
| Pennsylvania | 17 | 6.740% | $11,312 | — |
| South Carolina | 17 | 6.500% | $9,426 | — |
| Virginia | 17 | 6.500% | $7,063 | — |
| Mississippi | 14 | 6.375% | $5,272 | — |
| Indiana | 13 | 6.250% | $9,868 | — |
| California | 12 | 6.495% | $9,125 | — |
| Wisconsin | 11 | 6.490% | $4,308 | — |
| Arkansas | 10 | 6.250% | $4,620 | — |
| Louisiana | 9 | 6.875% | $5,665 | — |
| Ohio | 9 | 6.250% | $6,272 | — |
| Colorado | 8 | 6.120% | $7,629 | — |
| Oklahoma | 8 | 6.625% | $5,256 | — |
| Illinois | 7 | 6.490% | $5,470 | — |
| Oregon | 7 | 6.500% | $6,094 | — |
| Nevada | 6 | 6.438% | $4,875 | — |
| Kansas | 5 | 6.750% | $6,260 | — |
| Maryland | 5 | 6.250% | $6,616 | — |
| Minnesota | 5 | 6.500% | $4,567 | — |
| Washington | 5 | 6.375% | $6,505 | — |
| Iowa | 3 | 6.500% | $3,819 | — |
| Maine | 3 | 6.500% | $3,467 | — |
| Montana | 3 | 5.490% | $10,627 | — |
| South Dakota | 3 | 5.875% | $7,926 | — |
| Connecticut | 2 | 6.245% | $10,122 | — |
| Delaware | 2 | 5.870% | $9,605 | — |
| New Jersey | 2 | 6.500% | $7,468 | — |
| New Mexico | 2 | 6.808% | $4,770 | — |
| Wyoming | 2 | 7.183% | $4,231 | — |
| Alaska | 1 | 6.250% | $13,351 | — |
| Hawaii | 1 | 6.125% | $9,501 | — |
| Idaho | 1 | 7.490% | $12,732 | — |
| Nebraska | 1 | 7.240% | $3,663 | — |
| New Hampshire | 1 | 5.990% | $15,613 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,292 | 6.990% | — | 4 | −$4,183 | |
| 2 | $4,937 | 5.875% | — | 3 | −$2,538 | |
| 3 | $5,370 | 6.990% | — | 3 | −$2,105 | |
| 4 | $5,562 | 5.750% | — | 3 | −$1,913 | |
| 5 | $5,645 | 6.688% | — | 4 | −$1,830 | |
| 6 | $5,650 | 6.558% | — | 6 | −$1,825 | |
| 7 | $6,155 | 6.803% | — | 4 | −$1,320 | |
| 8 | $6,478 | 6.625% | — | 4 | −$997 | |
| 9 | $7,504 | 6.000% | — | 4 | +$29 | |
| 10 | $7,655 | 6.250% | — | 4 | +$180 | |
| 11 | $7,742 | 6.250% | — | 3 | +$267 | |
| 12 | $8,738 | 6.058% | — | 6 | +$1,263 | |
| 13 | $10,274 | 6.312% | — | 4 | +$2,799 | |
| 14 | $10,382 | 6.745% | — | 4 | +$2,907 | |
| 15 | $10,833 | 6.125% | — | 5 | +$3,358 | |
| 16 | $10,959 | 6.312% | — | 6 | +$3,484 | |
| 17 | $11,009 | 6.245% | — | 4 | +$3,534 | |
| 18 | $11,771 | 6.615% | — | 3 | +$4,296 | |
| 19 | $12,103 | 7.490% | — | 3 | +$4,628 | |
| 20 | $20,292 | 6.375% | — | 3 | +$12,817 |
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 Day Financial, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $280,000 | $335,000 | −$55,000 (−16.4%) |
| Median total closing costs | $7,475 | $7,127 | +$348 (+4.9%) |
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.