Purchase Originations
627
Ranked #552 nationally
Median Total Costs
$5,454
−18.4% vs national ($6,680)
↑ $264 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,310
Median Lender Credits
$63
Cost Rank (500+ vol.)
#235
among lenders with 500+ originations
Denial Rate
1.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 441 | 6.625% | $5,334 | $2,984 |
| fha | 154 | 6.625% | $5,735 | $0 |
| va | 30 | 6.490% | $6,043 | $1,109 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 390 | 6.625% | $6,067 | #51 |
| Ohio | 167 | 6.625% | $4,404 | #103 |
| Maine | 31 | 6.750% | $3,821 | — |
| Massachusetts | 18 | 6.625% | $5,539 | — |
| Tennessee | 10 | 6.870% | $2,441 | — |
| Florida | 4 | 6.745% | $871 | — |
| Illinois | 4 | 6.250% | $6,507 | — |
| North Carolina | 2 | 6.240% | $5,755 | — |
| Indiana | 1 | 6.490% | $948 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $845 | 6.990% | — | 5 | −$4,609 | |
| 2 | $2,056 | 6.875% | — | 8 | −$3,398 | |
| 3 | $3,142 | 6.812% | — | 4 | −$2,312 | |
| 4 | $3,345 | 6.990% | — | 8 | −$2,109 | |
| 5 | $3,750 | 6.625% | — | 35 | −$1,704 | |
| 6 | $3,821 | 6.750% | — | 7 | −$1,633 | |
| 7 | $4,046 | 6.500% | — | 6 | −$1,408 | |
| 8 | $4,113 | 6.625% | — | 7 | −$1,341 | |
| 9 | $4,455 | 6.750% | — | 25 | −$999 | |
| 10 | $4,540 | 6.500% | — | 78 | −$914 | |
| 11 | $5,253 | 6.808% | — | 4 | −$201 | |
| 12 | $5,486 | 6.625% | — | 11 | +$32 | |
| 13 | $5,570 | 6.375% | — | 7 | +$116 | |
| 14 | $5,613 | 6.490% | — | 32 | +$159 | |
| 15 | $5,630 | 6.490% | — | 15 | +$176 | |
| 16 | $6,045 | 6.625% | — | 151 | +$591 | |
| 17 | $6,088 | 6.625% | — | 11 | +$634 | |
| 18 | $6,092 | 6.375% | — | 11 | +$638 | |
| 19 | $6,600 | 6.562% | — | 8 | +$1,146 | |
| 20 | $6,609 | 6.625% | — | 120 | +$1,155 |
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 | Northern Mortgage Services, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $5,454 | $7,127 | −$1,673 (−23.5%) |
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.