Purchase Originations
714
Ranked #495 nationally
Median Total Costs
$6,246
−6.5% vs national ($6,680)
↑ $338 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$2,095
Median Lender Credits
$320
Cost Rank (500+ vol.)
#301
among lenders with 500+ originations
Denial Rate
0.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 488 | 6.500% | $5,656 | $2,145 |
| va | 149 | 6.125% | $8,148 | $1,485 |
| fha | 77 | 6.375% | $12,113 | $2,336 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Alabama | 112 | 6.375% | $4,150 | #88 |
| Virginia | 80 | 6.500% | $5,926 | #144 |
| Texas | 54 | 6.375% | $7,297 | #334 |
| Florida | 53 | 6.500% | $6,755 | #319 |
| Illinois | 39 | 6.750% | $6,565 | — |
| Pennsylvania | 31 | 6.625% | $5,654 | — |
| Arkansas | 27 | 6.125% | $4,667 | — |
| California | 24 | 6.312% | $8,688 | — |
| Ohio | 22 | 6.875% | $8,183 | — |
| Arizona | 20 | 6.495% | $5,736 | — |
| Maryland | 20 | 6.625% | $8,107 | — |
| Michigan | 19 | 6.875% | $9,216 | — |
| Georgia | 17 | 6.250% | $5,217 | — |
| Nevada | 17 | 5.875% | $12,019 | — |
| Washington | 17 | 6.375% | $5,185 | — |
| New Jersey | 14 | 6.562% | $6,740 | — |
| New York | 14 | 6.375% | $13,235 | — |
| South Carolina | 14 | 6.188% | $5,488 | — |
| Indiana | 12 | 6.438% | $3,209 | — |
| Oregon | 12 | 6.558% | $6,703 | — |
| Tennessee | 12 | 6.125% | $5,827 | — |
| North Carolina | 11 | 6.375% | $4,763 | — |
| Wisconsin | 9 | 6.750% | $6,051 | — |
| Colorado | 8 | 6.183% | $4,563 | — |
| Mississippi | 7 | 6.625% | $4,343 | — |
| Utah | 7 | 6.125% | $6,616 | — |
| Oklahoma | 6 | 6.438% | $7,181 | — |
| Missouri | 5 | 6.750% | $5,017 | — |
| West Virginia | 5 | 6.625% | $5,730 | — |
| Kentucky | 4 | 6.625% | $6,289 | — |
| Minnesota | 4 | 6.308% | $5,245 | — |
| South Dakota | 4 | 5.490% | $14,248 | — |
| Louisiana | 2 | 5.812% | $6,089 | — |
| Massachusetts | 2 | 5.875% | $12,787 | — |
| Maine | 2 | 6.495% | $5,383 | — |
| Alaska | 1 | 5.990% | $6,988 | — |
| Connecticut | 1 | 6.500% | $5,017 | — |
| District of Columbia | 1 | 6.375% | $7,424 | — |
| Delaware | 1 | 6.125% | $4,754 | — |
| Idaho | 1 | 7.375% | $5,778 | — |
| Kansas | 1 | 6.875% | $3,631 | — |
| Montana | 1 | 6.625% | $4,893 | — |
| Nebraska | 1 | 5.875% | $2,965 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,930 | 6.490% | — | 7 | −$3,316 | |
| 2 | $3,428 | 6.250% | — | 11 | −$2,818 | |
| 3 | $3,696 | 6.375% | — | 9 | −$2,550 | |
| 4 | $3,839 | 6.495% | — | 12 | −$2,407 | |
| 5 | $3,913 | 6.495% | — | 8 | −$2,333 | |
| 6 | $4,581 | 6.433% | — | 16 | −$1,665 | |
| 7 | $4,639 | 6.250% | — | 13 | −$1,607 | |
| 8 | $5,177 | 6.625% | — | 11 | −$1,069 | |
| 9 | $5,374 | 6.433% | — | 14 | −$872 | |
| 10 | $5,539 | 6.375% | — | 13 | −$707 | |
| 11 | $5,562 | 6.750% | — | 13 | −$684 | |
| 12 | $6,052 | 6.500% | — | 6 | −$194 | |
| 13 | $6,432 | 6.490% | — | 8 | +$186 | |
| 14 | $6,732 | 6.438% | — | 8 | +$486 | |
| 15 | $6,843 | 6.125% | — | 17 | +$597 | |
| 16 | $6,973 | 6.875% | — | 18 | +$727 | |
| 17 | $7,863 | 6.625% | — | 13 | +$1,617 | |
| 18 | $8,148 | 6.625% | — | 13 | +$1,902 | |
| 19 | $8,688 | 5.933% | — | 8 | +$2,442 | |
| 20 | $12,019 | 5.875% | — | 15 | +$5,773 |
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 | PHH Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $325,000 | $335,000 | −$10,000 (−3.0%) |
| Median total closing costs | $6,246 | $7,127 | −$881 (−12.4%) |
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.