Purchase Originations
840
Ranked #433 nationally
Median Total Costs
$6,636
−0.7% vs national ($6,680)
↓ $1,169 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,899
Median Lender Credits
$348
Cost Rank (500+ vol.)
#332
among lenders with 500+ originations
Denial Rate
4.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 546 | 6.625% | $5,539 | $1,648 |
| fha | 225 | 6.375% | $12,229 | $2,779 |
| va | 66 | 6.375% | $8,073 | $2,018 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 423 | 6.625% | $5,680 | #27 |
| Texas | 172 | 6.500% | $10,247 | #221 |
| New Hampshire | 48 | 6.625% | $5,068 | — |
| Oklahoma | 47 | 6.625% | $7,806 | — |
| Florida | 31 | 6.875% | $6,005 | — |
| South Carolina | 27 | 6.625% | $6,952 | — |
| Rhode Island | 23 | 6.625% | $5,279 | — |
| Delaware | 18 | 6.312% | $10,938 | — |
| Pennsylvania | 13 | 6.625% | $8,184 | — |
| North Carolina | 9 | 6.500% | $5,733 | — |
| New Jersey | 9 | 6.250% | $7,850 | — |
| Maryland | 7 | 6.875% | $5,988 | — |
| Illinois | 3 | 6.375% | $7,000 | — |
| Colorado | 2 | 7.062% | $4,119 | — |
| Connecticut | 2 | 6.870% | $5,251 | — |
| Virginia | 2 | 6.562% | $9,174 | — |
| Maine | 1 | 6.000% | $10,984 | — |
| Michigan | 1 | 6.125% | $5,296 | — |
| Mississippi | 1 | 6.000% | $4,414 | — |
| Tennessee | 1 | 6.625% | $11,427 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,916 | 6.500% | — | 24 | −$1,720 | |
| 2 | $5,327 | 6.625% | — | 15 | −$1,309 | |
| 3 | $5,333 | 6.625% | — | 51 | −$1,303 | |
| 4 | $5,475 | 6.625% | — | 97 | −$1,161 | |
| 5 | $5,484 | 6.750% | — | 44 | −$1,152 | |
| 6 | $5,604 | 6.500% | — | 36 | −$1,032 | |
| 7 | $5,719 | 6.500% | — | 29 | −$917 | |
| 8 | $5,879 | 6.990% | — | 11 | −$757 | |
| 9 | $5,969 | 6.625% | — | 25 | −$667 | |
| 10 | $6,176 | 6.688% | — | 12 | −$460 | |
| 11 | $6,198 | 5.990% | — | 7 | −$438 | |
| 12 | $6,441 | 6.625% | — | 103 | −$195 | |
| 13 | $6,785 | 6.625% | — | 9 | +$149 | |
| 14 | $8,006 | 6.625% | — | 14 | +$1,370 | |
| 15 | $8,212 | 6.250% | — | 10 | +$1,576 | |
| 16 | $8,758 | 6.500% | — | 37 | +$2,122 | |
| 17 | $9,946 | 6.500% | — | 33 | +$3,310 | |
| 18 | $10,349 | 6.125% | — | 11 | +$3,713 | |
| 19 | $11,088 | 6.375% | — | 50 | +$4,452 | |
| 20 | $12,263 | 6.500% | — | 12 | +$5,627 |
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 Fed Mortgage, Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $6,636 | $7,127 | −$491 (−6.9%) |
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.