Purchase Originations
379
Median Total Costs
$8,749
+31.0% vs national ($6,680)
↓ $543 vs prior year
Median Rate
6.750%
+4.0% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$3,636
Median Lender Credits
$321
Denial Rate
3.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 201 | 6.875% | $6,485 | $3,082 |
| fha | 125 | 6.625% | $12,832 | $4,577 |
| va | 51 | 6.250% | $7,478 | $3,219 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 124 | 6.750% | $7,971 | #209 |
| Texas | 100 | 6.688% | $12,447 | #277 |
| Colorado | 28 | 6.562% | $5,971 | — |
| Maine | 25 | 6.750% | $4,420 | — |
| North Dakota | 25 | 7.250% | $7,032 | — |
| Oklahoma | 22 | 5.875% | $7,307 | — |
| Virginia | 22 | 6.562% | $6,831 | — |
| South Carolina | 10 | 6.750% | $7,002 | — |
| West Virginia | 9 | 6.000% | $8,775 | — |
| North Carolina | 5 | 6.990% | $4,466 | — |
| Tennessee | 3 | 6.990% | $5,790 | — |
| Kansas | 2 | 6.495% | $11,118 | — |
| Wisconsin | 2 | 7.375% | $3,440 | — |
| Georgia | 1 | 5.490% | $20,985 | — |
| Mississippi | 1 | 7.000% | $10,399 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,450 | 6.375% | — | 5 | −$5,299 | |
| 2 | $4,647 | 6.812% | — | 14 | −$4,102 | |
| 3 | $6,434 | 7.120% | — | 8 | −$2,315 | |
| 4 | $6,755 | 6.562% | — | 8 | −$1,994 | |
| 5 | $6,769 | 6.875% | — | 7 | −$1,980 | |
| 6 | $7,295 | 5.875% | — | 21 | −$1,454 | |
| 7 | $7,478 | 6.750% | — | 7 | −$1,271 | |
| 8 | $7,867 | 6.375% | — | 11 | −$882 | |
| 9 | $7,879 | 6.500% | — | 17 | −$870 | |
| 10 | $8,131 | 6.875% | — | 5 | −$618 | |
| 11 | $8,565 | 6.812% | — | 62 | −$184 | |
| 12 | $8,616 | 6.750% | — | 7 | −$133 | |
| 13 | $8,698 | 6.750% | — | 5 | −$51 | |
| 14 | $9,032 | 5.995% | — | 6 | +$283 | |
| 15 | $9,956 | 7.500% | — | 5 | +$1,207 | |
| 16 | $10,267 | 6.990% | — | 8 | +$1,518 | |
| 17 | $11,100 | 6.312% | — | 10 | +$2,351 | |
| 18 | $12,643 | 6.625% | — | 57 | +$3,894 | |
| 19 | $13,394 | 6.812% | — | 6 | +$4,645 | |
| 20 | $13,470 | 7.124% | — | 6 | +$4,721 |
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 | NextMortgage, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $8,749 | $7,127 | +$1,622 (+22.8%) |
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.