Purchase Originations
31,011
Ranked #15 nationally
Median Total Costs
$8,405
+25.8% vs national ($6,680)
↓ $122 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.124% vs prior year
Median Origination
$2,247
Median Lender Credits
$1,148
Cost Rank (500+ vol.)
#467
among lenders with 500+ originations
Denial Rate
1.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 19,095 | 6.624% | $7,313 | $2,762 |
| fha | 7,078 | 6.125% | $11,326 | $1,704 |
| va | 4,797 | 5.875% | $7,713 | $1,688 |
| usda | 41 | 6.000% | $6,751 | $1,014 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 4,424 | 6.499% | $9,974 | #7 |
| California | 4,189 | 6.499% | $10,461 | #8 |
| Texas | 1,960 | 6.250% | $9,054 | #30 |
| Pennsylvania | 1,747 | 6.499% | $8,037 | #9 |
| New York | 1,489 | 6.500% | $10,746 | #16 |
| Georgia | 1,307 | 6.375% | $8,363 | #17 |
| North Carolina | 937 | 6.375% | $6,967 | #30 |
| Washington | 907 | 6.375% | $9,161 | #21 |
| New Jersey | 866 | 6.624% | $11,403 | #18 |
| Arizona | 860 | 6.375% | $7,991 | #21 |
| Virginia | 854 | 6.124% | $8,401 | #23 |
| Colorado | 850 | 6.125% | $7,390 | #18 |
| Minnesota | 828 | 6.499% | $6,464 | #17 |
| Ohio | 791 | 6.499% | $6,703 | #35 |
| Missouri | 651 | 6.499% | $4,850 | #19 |
| Nevada | 610 | 6.375% | $8,231 | #10 |
| Illinois | 588 | 6.624% | $7,827 | #39 |
| Tennessee | 553 | 6.250% | $8,704 | #30 |
| Maryland | 552 | 6.125% | $8,678 | #27 |
| Kansas | 474 | 6.499% | $5,160 | #10 |
| Michigan | 456 | 6.624% | $5,460 | #44 |
| Oregon | 450 | 6.375% | $8,218 | #26 |
| Alabama | 412 | 6.250% | $6,554 | #29 |
| Massachusetts | 377 | 6.499% | $6,805 | #29 |
| South Carolina | 375 | 6.250% | $7,325 | #46 |
| Indiana | 311 | 6.375% | $6,258 | #52 |
| Utah | 296 | 6.125% | $9,258 | #25 |
| Louisiana | 280 | 6.250% | $7,070 | #30 |
| Oklahoma | 262 | 6.250% | $7,097 | #28 |
| Connecticut | 256 | 6.499% | $9,550 | #23 |
| Hawaii | 236 | 6.125% | $9,381 | #12 |
| Idaho | 217 | 6.125% | $7,137 | #27 |
| Wisconsin | 210 | 6.625% | $4,246 | #55 |
| Kentucky | 195 | 6.375% | $7,286 | #57 |
| Iowa | 162 | 6.250% | $6,368 | #42 |
| Nebraska | 139 | 6.375% | $4,727 | #34 |
| New Mexico | 130 | 6.250% | $6,212 | #33 |
| Arkansas | 126 | 6.250% | $5,959 | #61 |
| Mississippi | 110 | 6.250% | $8,096 | #44 |
| Montana | 77 | 6.125% | $8,962 | #23 |
| Delaware | 71 | 6.375% | $8,439 | #33 |
| Maine | 67 | 6.500% | $7,549 | #33 |
| New Hampshire | 64 | 6.499% | $6,269 | #42 |
| South Dakota | 56 | 6.375% | $6,779 | #30 |
| West Virginia | 53 | 5.990% | $7,980 | #50 |
| Rhode Island | 52 | 6.499% | $8,075 | #41 |
| Alaska | 35 | 5.999% | $9,732 | — |
| Wyoming | 29 | 6.124% | $4,961 | — |
| District of Columbia | 27 | 5.125% | $7,505 | — |
| North Dakota | 23 | 6.125% | $5,317 | — |
| Vermont | 20 | 6.437% | $6,513 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,179 | 6.499% | — | 253 | −$2,226 | |
| 2 | $6,391 | 6.499% | — | 237 | −$2,014 | |
| 3 | $7,767 | 6.625% | — | 272 | −$638 | |
| 4 | $8,241 | 6.375% | — | 619 | −$164 | |
| 5 | $8,527 | 6.624% | — | 194 | +$122 | |
| 6 | $8,608 | 6.375% | — | 411 | +$203 | |
| 7 | $9,481 | 6.375% | — | 279 | +$1,076 | |
| 8 | $10,189 | 6.499% | — | 225 | +$1,784 | |
| 9 | $10,345 | 6.500% | — | 322 | +$1,940 | |
| 10 | $10,669 | 6.499% | — | 315 | +$2,264 | |
| 11 | $10,844 | 6.499% | — | 233 | +$2,439 | |
| 12 | $10,954 | 6.250% | — | 342 | +$2,549 | |
| 13 | $11,131 | 6.500% | — | 478 | +$2,726 | |
| 14 | $11,139 | 6.375% | — | 589 | +$2,734 | |
| 15 | $11,547 | 6.495% | — | 302 | +$3,142 | |
| 16 | $11,652 | 6.375% | — | 211 | +$3,247 | |
| 17 | $12,699 | 6.624% | — | 333 | +$4,294 | |
| 18 | $13,163 | 6.624% | — | 472 | +$4,758 | |
| 19 | $13,317 | 6.500% | — | 727 | +$4,912 | |
| 20 | $14,572 | 6.624% | — | 229 | +$6,167 |
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 | Pennymac Loan Services, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $415,000 | $335,000 | +$80,000 (+23.9%) |
| Median total closing costs | $8,405 | $7,127 | +$1,278 (+17.9%) |
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.