Purchase Originations
446
Median Total Costs
$10,869
+62.7% vs national ($6,680)
↑ $338 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$4,442
Median Lender Credits
$300
Denial Rate
10.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 307 | 6.750% | $9,845 | $4,418 |
| fha | 125 | 5.990% | $13,467 | $4,938 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 136 | 5.990% | $14,375 | #197 |
| California | 125 | 6.875% | $11,072 | #175 |
| Michigan | 63 | 6.625% | $6,086 | #140 |
| Texas | 59 | 6.500% | $9,858 | #327 |
| Nevada | 8 | 6.500% | $9,843 | — |
| North Carolina | 6 | 6.562% | $7,515 | — |
| New Hampshire | 6 | 6.990% | $4,090 | — |
| Tennessee | 6 | 6.562% | $8,412 | — |
| Arizona | 4 | 6.688% | $7,951 | — |
| Georgia | 4 | 6.812% | $16,799 | — |
| Maryland | 4 | 6.624% | $11,313 | — |
| Pennsylvania | 4 | 6.562% | $6,986 | — |
| Hawaii | 3 | 6.375% | $13,308 | — |
| Illinois | 3 | 7.250% | $6,946 | — |
| Massachusetts | 3 | 7.250% | $6,667 | — |
| Washington | 3 | 6.500% | $5,673 | — |
| Colorado | 2 | 7.188% | $9,530 | — |
| New Jersey | 2 | 7.125% | $29,934 | — |
| Oregon | 2 | 6.875% | $7,478 | — |
| Alabama | 1 | 6.875% | $6,239 | — |
| Utah | 1 | 6.875% | $14,328 | — |
| Virginia | 1 | 6.000% | $12,324 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,857 | 6.625% | — | 5 | −$7,012 | |
| 2 | $5,187 | 6.625% | — | 4 | −$5,682 | |
| 3 | $5,936 | 6.624% | — | 9 | −$4,933 | |
| 4 | $6,650 | 7.125% | — | 4 | −$4,219 | |
| 5 | $8,171 | 6.750% | — | 24 | −$2,698 | |
| 6 | $9,102 | 6.500% | — | 4 | −$1,767 | |
| 7 | $9,843 | 6.500% | — | 8 | −$1,026 | |
| 8 | $10,431 | 6.875% | — | 68 | −$438 | |
| 9 | $10,520 | 6.500% | — | 6 | −$349 | |
| 10 | $10,612 | 6.625% | — | 23 | −$257 | |
| 11 | $11,189 | 7.000% | — | 9 | +$320 | |
| 12 | $11,528 | 6.375% | — | 11 | +$659 | |
| 13 | $11,533 | 7.312% | — | 4 | +$664 | |
| 14 | $11,979 | 6.490% | — | 11 | +$1,110 | |
| 15 | $12,919 | 5.933% | — | 10 | +$2,050 | |
| 16 | $13,074 | 6.375% | — | 5 | +$2,205 | |
| 17 | $13,984 | 6.375% | — | 21 | +$3,115 | |
| 18 | $15,141 | 5.875% | — | 40 | +$4,272 | |
| 19 | $15,678 | 5.990% | — | 40 | +$4,809 | |
| 20 | $26,377 | 6.625% | — | 4 | +$15,508 |
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 | PFN Lending Group, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $400,000 | $335,000 | +$65,000 (+19.4%) |
| Median total closing costs | $10,869 | $7,127 | +$3,742 (+52.5%) |
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.