Purchase Originations
22,846
Ranked #19 nationally
Median Total Costs
$7,792
+16.6% vs national ($6,680)
↑ $339 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,950
Median Lender Credits
$910
Cost Rank (500+ vol.)
#429
among lenders with 500+ originations
Denial Rate
2.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 12,042 | 6.625% | $6,423 | $2,668 |
| va | 5,440 | 6.250% | $8,068 | $1,264 |
| fha | 4,824 | 6.250% | $11,256 | $1,753 |
| usda | 540 | 6.250% | $6,262 | $1,434 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 2,268 | 6.500% | $9,596 | #18 |
| Texas | 1,981 | 6.250% | $8,928 | #29 |
| California | 1,919 | 6.375% | $10,698 | #23 |
| New York | 1,457 | 6.500% | $9,330 | #17 |
| Washington | 1,127 | 6.500% | $8,285 | #15 |
| North Carolina | 1,065 | 6.250% | $7,835 | #27 |
| Ohio | 886 | 6.625% | $5,234 | #31 |
| Alaska | 784 | 6.375% | $7,398 | #1 |
| Indiana | 707 | 6.625% | $4,259 | #23 |
| Pennsylvania | 605 | 6.625% | $6,852 | #36 |
| Georgia | 597 | 6.250% | $9,091 | #41 |
| Oregon | 581 | 6.500% | $7,629 | #16 |
| Arizona | 546 | 6.250% | $11,218 | #34 |
| Louisiana | 540 | 6.490% | $6,512 | #17 |
| Colorado | 504 | 6.250% | $8,884 | #28 |
| Wisconsin | 489 | 6.500% | $2,508 | #31 |
| Virginia | 482 | 6.250% | $9,276 | #41 |
| Michigan | 476 | 6.625% | $5,444 | #41 |
| Tennessee | 459 | 6.250% | $9,357 | #35 |
| Minnesota | 458 | 6.500% | $5,785 | #32 |
| Illinois | 454 | 6.625% | $6,954 | #51 |
| Missouri | 413 | 6.625% | $4,844 | #28 |
| New Jersey | 409 | 6.750% | $8,650 | #39 |
| South Carolina | 391 | 6.375% | $7,686 | #43 |
| Maryland | 356 | 6.490% | $9,787 | #39 |
| Massachusetts | 284 | 6.625% | $6,951 | #41 |
| Alabama | 269 | 6.250% | $5,809 | #43 |
| Connecticut | 232 | 6.625% | $7,673 | #27 |
| Oklahoma | 219 | 6.625% | $6,639 | #39 |
| Hawaii | 205 | 6.250% | $10,448 | #14 |
| Utah | 152 | 6.500% | $8,347 | #41 |
| Nevada | 148 | 6.250% | $9,703 | #49 |
| Iowa | 146 | 6.250% | $5,594 | #48 |
| Kentucky | 120 | 6.562% | $5,870 | #78 |
| Kansas | 119 | 6.250% | $5,449 | #59 |
| Arkansas | 99 | 6.250% | $4,702 | #66 |
| Mississippi | 89 | 6.625% | $5,582 | #50 |
| Rhode Island | 88 | 6.625% | $8,593 | #29 |
| Idaho | 78 | 6.438% | $7,773 | #54 |
| Maine | 77 | 6.375% | $5,332 | #30 |
| West Virginia | 77 | 6.500% | $5,701 | #40 |
| New Hampshire | 70 | 6.500% | $8,553 | #40 |
| Nebraska | 67 | 6.250% | $5,923 | #50 |
| Delaware | 65 | 6.500% | $8,988 | #38 |
| South Dakota | 64 | 6.062% | $8,843 | #26 |
| Wyoming | 54 | 5.812% | $7,751 | #20 |
| North Dakota | 52 | 6.375% | $5,530 | #30 |
| Montana | 51 | 6.250% | $9,883 | #35 |
| New Mexico | 35 | 6.500% | $5,885 | — |
| District of Columbia | 24 | 6.250% | $11,524 | — |
| Vermont | 8 | 6.250% | $6,356 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,782 | 6.250% | — | 208 | −$1,010 | |
| 2 | $7,120 | 6.500% | — | 213 | −$672 | |
| 3 | $7,380 | 6.625% | — | 290 | −$412 | |
| 4 | $7,494 | 6.625% | — | 234 | −$298 | |
| 5 | $7,843 | 6.250% | — | 374 | +$51 | |
| 6 | $8,247 | 6.250% | — | 287 | +$455 | |
| 7 | $8,312 | 6.250% | — | 178 | +$520 | |
| 8 | $8,331 | 5.990% | — | 149 | +$539 | |
| 9 | $8,986 | 6.375% | — | 202 | +$1,194 | |
| 10 | $9,107 | 6.625% | — | 161 | +$1,315 | |
| 11 | $10,331 | 6.250% | — | 145 | +$2,539 | |
| 12 | $10,726 | 6.250% | — | 183 | +$2,934 | |
| 13 | $11,553 | 6.375% | — | 241 | +$3,761 | |
| 14 | $11,968 | 6.250% | — | 357 | +$4,176 | |
| 15 | $12,526 | 6.625% | — | 174 | +$4,734 | |
| 16 | $13,198 | 6.500% | — | 155 | +$5,406 | |
| 17 | $13,264 | 6.250% | — | 218 | +$5,472 | |
| 18 | $13,938 | 6.750% | — | 198 | +$6,146 | |
| 19 | $14,833 | 6.500% | — | 184 | +$7,041 | |
| 20 | $15,109 | 6.250% | — | 288 | +$7,317 |
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 | Newrez LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $345,000 | $335,000 | +$10,000 (+3.0%) |
| Median total closing costs | $7,792 | $7,127 | +$665 (+9.3%) |
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.