Purchase Originations
498
Median Total Costs
$9,235
+38.3% vs national ($6,680)
↑ $965 vs prior year
Median Rate
5.750%
−11.4% vs national (6.490%)
↓ 0.750% vs prior year
Median Origination
$4,470
Median Lender Credits
$1,366
Denial Rate
11.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 359 | 5.750% | $9,411 | $4,363 |
| va | 62 | 5.750% | $8,722 | $5,217 |
| usda | 57 | 5.750% | $9,242 | $5,106 |
| conventional | 20 | 7.500% | $6,177 | $3,645 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Puerto Rico | 498 | 5.750% | $9,235 | #6 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,960 | 6.750% | — | 8 | −$2,275 | |
| 2 | $7,803 | 6.000% | — | 13 | −$1,432 | |
| 3 | $7,812 | 6.000% | — | 24 | −$1,423 | |
| 4 | $7,987 | 6.000% | — | 9 | −$1,248 | |
| 5 | $8,711 | 5.750% | — | 11 | −$524 | |
| 6 | $8,938 | 5.750% | — | 14 | −$297 | |
| 7 | $9,138 | 5.750% | — | 55 | −$97 | |
| 8 | $9,436 | 5.750% | — | 11 | +$201 | |
| 9 | $9,585 | 6.000% | — | 10 | +$350 | |
| 10 | $9,734 | 5.750% | — | 8 | +$499 | |
| 11 | $9,738 | 5.750% | — | 9 | +$503 | |
| 12 | $9,884 | 5.750% | — | 10 | +$649 | |
| 13 | $9,886 | 6.000% | — | 27 | +$651 | |
| 14 | $9,959 | 5.750% | — | 35 | +$724 | |
| 15 | $9,983 | 5.750% | — | 20 | +$748 | |
| 16 | $9,998 | 5.750% | — | 10 | +$763 | |
| 17 | $10,057 | 6.000% | — | 45 | +$822 | |
| 18 | $10,082 | 5.750% | — | 11 | +$847 | |
| 19 | $10,639 | 5.750% | — | 12 | +$1,404 | |
| 20 | $10,703 | 5.750% | — | 9 | +$1,468 |
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 | Preferred Mortgage LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $135,000 | $335,000 | −$200,000 (−59.7%) |
| Median total closing costs | $9,235 | $7,127 | +$2,108 (+29.6%) |
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.