Purchase Originations
167
Median Total Costs
$3,182
−52.4% vs national ($6,680)
↑ $86 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$995
Median Lender Credits
$46
Denial Rate
5.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 167 | 6.500% | $3,182 | $995 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 167 | 6.500% | $3,182 | #87 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,305 | 7.750% | — | 3 | −$877 | |
| 2 | $2,370 | 5.000% | — | 20 | −$812 | |
| 3 | $2,740 | 7.250% | — | 3 | −$442 | |
| 4 | $2,949 | 6.875% | — | 3 | −$233 | |
| 5 | $2,981 | 6.000% | — | 15 | −$201 | |
| 6 | $3,006 | 6.438% | — | 2 | −$176 | |
| 7 | $3,098 | 6.750% | — | 1 | −$84 | |
| 8 | $3,139 | 6.312% | — | 4 | −$43 | |
| 9 | $3,149 | 6.750% | — | 1 | −$33 | |
| 10 | $3,202 | 6.250% | — | 3 | +$20 | |
| 11 | $3,257 | 6.500% | — | 21 | +$75 | |
| 12 | $3,360 | 6.250% | — | 2 | +$178 | |
| 13 | $3,370 | 6.500% | — | 2 | +$188 | |
| 14 | $3,372 | 6.500% | — | 2 | +$190 | |
| 15 | $3,380 | 6.500% | — | 52 | +$198 | |
| 16 | $3,460 | 6.750% | — | 17 | +$278 | |
| 17 | $3,523 | 6.500% | — | 2 | +$341 | |
| 18 | $3,581 | 6.875% | — | 2 | +$399 | |
| 19 | $3,714 | 6.688% | — | 2 | +$532 | |
| 20 | $3,814 | 6.625% | — | 5 | +$632 |
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 | ORSA credit union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $185,000 | $335,000 | −$150,000 (−44.8%) |
| Median total closing costs | $3,182 | $7,127 | −$3,945 (−55.4%) |
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.