Purchase Originations
1,704
Ranked #257 nationally
Median Total Costs
$10,261
+53.6% vs national ($6,680)
↓ $2,398 vs prior year
Median Rate
7.374%
+13.6% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$5,225
Median Lender Credits
$1,141
Cost Rank (500+ vol.)
#552
among lenders with 500+ originations
Denial Rate
15.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,561 | 7.375% | $10,096 | $6,024 |
| fha | 95 | 6.375% | $13,211 | $3,292 |
| va | 46 | 6.125% | $6,845 | $640 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 489 | 6.990% | $11,421 | #93 |
| New York | 240 | 7.624% | $11,339 | #77 |
| California | 201 | 7.375% | $13,565 | #151 |
| New Jersey | 167 | 7.499% | $5,953 | #72 |
| Texas | 87 | 7.375% | $12,162 | #294 |
| Georgia | 61 | 7.749% | $13,049 | #189 |
| Illinois | 50 | 6.500% | $3,140 | #192 |
| Pennsylvania | 38 | 6.875% | $7,319 | — |
| Arizona | 36 | 7.312% | $14,509 | — |
| Missouri | 36 | 6.750% | $4,635 | — |
| Connecticut | 28 | 7.811% | $0 | — |
| Massachusetts | 27 | 7.750% | $18,002 | — |
| North Carolina | 24 | 7.374% | $6,012 | — |
| Virginia | 24 | 7.249% | $8,890 | — |
| Maryland | 23 | 7.499% | $11,441 | — |
| Tennessee | 23 | 7.124% | $9,067 | — |
| Nevada | 21 | 7.250% | $9,610 | — |
| South Carolina | 17 | 7.124% | $9,030 | — |
| Indiana | 14 | 7.183% | $3,489 | — |
| Washington | 11 | 7.874% | $14,805 | — |
| Michigan | 10 | 7.436% | $3,526 | — |
| Colorado | 9 | 7.875% | $13,443 | — |
| Ohio | 8 | 6.874% | $10,624 | — |
| Alabama | 7 | 6.750% | $7,223 | — |
| Utah | 7 | 7.624% | $9,026 | — |
| Minnesota | 5 | 6.875% | $4,887 | — |
| Oregon | 5 | 7.624% | $10,001 | — |
| Kansas | 4 | 7.187% | $12,700 | — |
| Kentucky | 4 | 7.374% | $1,941 | — |
| Louisiana | 3 | 7.499% | $5,767 | — |
| New Hampshire | 3 | 6.990% | $4,160 | — |
| Rhode Island | 3 | 6.999% | $14,481 | — |
| Alaska | 2 | 7.061% | $10,417 | — |
| Arkansas | 2 | 8.062% | $0 | — |
| Delaware | 2 | 8.500% | $16,843 | — |
| Idaho | 2 | 7.624% | $37,511 | — |
| Vermont | 2 | 7.749% | $0 | — |
| Wisconsin | 2 | 8.249% | $0 | — |
| West Virginia | 2 | 8.499% | $0 | — |
| District of Columbia | 1 | 7.749% | $48 | — |
| Maine | 1 | 6.125% | $2,985 | — |
| Nebraska | 1 | 7.999% | $5,134 | — |
| Oklahoma | 1 | 8.249% | $0 | — |
| South Dakota | 1 | 6.875% | $7,994 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 7.624% | — | 33 | −$10,261 | |
| 2 | $1,295 | 7.624% | — | 57 | −$8,966 | |
| 3 | $3,164 | 6.490% | — | 22 | −$7,097 | |
| 4 | $5,032 | 6.124% | — | 20 | −$5,229 | |
| 5 | $5,953 | 7.249% | — | 31 | −$4,308 | |
| 6 | $9,039 | 7.312% | — | 18 | −$1,222 | |
| 7 | $9,775 | 7.625% | — | 39 | −$486 | |
| 8 | $9,862 | 7.311% | — | 24 | −$399 | |
| 9 | $9,949 | 6.624% | — | 19 | −$312 | |
| 10 | $10,553 | 7.561% | — | 24 | +$292 | |
| 11 | $11,531 | 7.125% | — | 67 | +$1,270 | |
| 12 | $12,012 | 7.499% | — | 39 | +$1,751 | |
| 13 | $12,179 | 6.874% | — | 137 | +$1,918 | |
| 14 | $13,153 | 6.125% | — | 68 | +$2,892 | |
| 15 | $14,565 | 7.624% | — | 20 | +$4,304 | |
| 16 | $14,579 | 7.250% | — | 29 | +$4,318 | |
| 17 | $14,803 | 7.311% | — | 38 | +$4,542 | |
| 18 | $16,923 | 7.500% | — | 44 | +$6,662 | |
| 19 | $18,865 | 7.562% | — | 48 | +$8,604 | |
| 20 | $20,908 | 7.499% | — | 20 | +$10,647 |
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 | NQM Funding, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $10,261 | $7,127 | +$3,134 (+44.0%) |
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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.