Purchase Originations
212
Median Total Costs
$15,423
+130.9% vs national ($6,680)
↓ $1,265 vs prior year
Median Rate
7.499%
+15.6% vs national (6.490%)
↓ 0.376% vs prior year
Median Origination
$10,245
Median Lender Credits
$1,390
Denial Rate
5.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 197 | 7.500% | $15,678 | $10,860 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 62 | 7.250% | $19,708 | #243 |
| Arizona | 36 | 7.058% | $11,551 | — |
| Florida | 22 | 8.125% | $15,658 | — |
| Texas | 12 | 8.375% | $16,854 | — |
| Georgia | 9 | 8.875% | $18,522 | — |
| Washington | 8 | 7.750% | $17,184 | — |
| Tennessee | 6 | 7.000% | $12,588 | — |
| New Jersey | 5 | 7.500% | $15,599 | — |
| Nevada | 4 | 6.438% | $15,624 | — |
| Pennsylvania | 4 | 7.250% | $15,661 | — |
| Idaho | 3 | 7.375% | $13,658 | — |
| Illinois | 3 | 8.125% | $12,790 | — |
| Massachusetts | 3 | 8.625% | $12,562 | — |
| Maryland | 3 | 8.375% | $20,704 | — |
| Ohio | 3 | 7.500% | $15,130 | — |
| Oregon | 3 | 7.875% | $17,592 | — |
| South Carolina | 3 | 7.250% | $11,387 | — |
| Virginia | 3 | 8.500% | $24,041 | — |
| Colorado | 2 | 7.438% | $8,216 | — |
| Michigan | 2 | 6.375% | $13,504 | — |
| Minnesota | 2 | 7.625% | $9,649 | — |
| North Carolina | 2 | 7.188% | $27,608 | — |
| Utah | 2 | 7.562% | $14,336 | — |
| Wisconsin | 2 | 7.000% | $8,220 | — |
| Alabama | 1 | 8.250% | $5,663 | — |
| Connecticut | 1 | 8.750% | $17,995 | — |
| Delaware | 1 | 7.250% | $7,986 | — |
| Indiana | 1 | 7.375% | $10,040 | — |
| Kansas | 1 | 7.500% | $14,042 | — |
| Louisiana | 1 | 9.875% | $13,362 | — |
| Maine | 1 | 8.125% | $19,696 | — |
| New Mexico | 1 | 5.990% | $3,908 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $10,406 | 6.625% | — | 5 | −$5,017 | |
| 2 | $12,112 | 7.875% | — | 3 | −$3,311 | |
| 3 | $12,160 | 6.875% | — | 27 | −$3,263 | |
| 4 | $12,276 | 7.125% | — | 3 | −$3,147 | |
| 5 | $12,492 | 7.438% | — | 2 | −$2,931 | |
| 6 | $14,547 | 8.250% | — | 2 | −$876 | |
| 7 | $15,541 | 6.812% | — | 2 | +$118 | |
| 8 | $15,653 | 6.625% | — | 4 | +$230 | |
| 9 | $16,055 | 6.500% | — | 3 | +$632 | |
| 10 | $17,527 | 7.500% | — | 2 | +$2,104 | |
| 11 | $18,100 | 8.625% | — | 3 | +$2,677 | |
| 12 | $19,112 | 7.000% | — | 4 | +$3,689 | |
| 13 | $19,154 | 7.812% | — | 4 | +$3,731 | |
| 14 | $19,929 | 7.438% | — | 6 | +$4,506 | |
| 15 | $21,624 | 6.990% | — | 15 | +$6,201 | |
| 16 | $23,156 | 7.312% | — | 10 | +$7,733 | |
| 17 | $24,655 | 7.688% | — | 4 | +$9,232 | |
| 18 | $25,532 | 7.250% | — | 3 | +$10,109 | |
| 19 | $30,149 | 7.500% | — | 5 | +$14,726 | |
| 20 | $31,090 | 8.250% | — | 4 | +$15,667 |
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 | Oaktree Funding Corp. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $535,000 | $335,000 | +$200,000 (+59.7%) |
| Median total closing costs | $15,423 | $7,127 | +$8,296 (+116.4%) |
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.