Purchase Originations
197
Median Total Costs
$6,584
−1.4% vs national ($6,680)
↑ $433 vs prior year
Median Rate
6.900%
+6.3% vs national (6.490%)
↑ 0.100% vs prior year
Median Origination
$1,640
Median Lender Credits
$175
Denial Rate
1.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 179 | 6.950% | $6,534 | $1,640 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,797 | 6.625% | — | 1 | −$3,787 | |
| 2 | $3,246 | 6.900% | — | 1 | −$3,338 | |
| 3 | $3,729 | 7.088% | — | 6 | −$2,855 | |
| 4 | $3,820 | 6.550% | — | 1 | −$2,764 | |
| 5 | $4,109 | 7.050% | — | 1 | −$2,475 | |
| 6 | $4,219 | 6.750% | — | 5 | −$2,365 | |
| 7 | $4,324 | 6.250% | — | 1 | −$2,260 | |
| 8 | $4,748 | 6.400% | — | 2 | −$1,836 | |
| 9 | $4,928 | 7.000% | — | 1 | −$1,656 | |
| 10 | $5,145 | 6.990% | — | 1 | −$1,439 | |
| 11 | $5,653 | 6.825% | — | 2 | −$931 | |
| 12 | $6,025 | 7.112% | — | 2 | −$559 | |
| 13 | $6,274 | 6.875% | — | 1 | −$310 | |
| 14 | $6,409 | 6.963% | — | 12 | −$175 | |
| 15 | $6,696 | 7.050% | — | 6 | +$112 | |
| 16 | $6,779 | 6.875% | — | 129 | +$195 | |
| 17 | $6,887 | 6.990% | — | 20 | +$303 | |
| 18 | $7,354 | 7.250% | — | 1 | +$770 | |
| 19 | $9,190 | 6.650% | — | 1 | +$2,606 | |
| 20 | $12,104 | 6.725% | — | 1 | +$5,520 |
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 | Proper Rate, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $385,000 | $335,000 | +$50,000 (+14.9%) |
| Median total closing costs | $6,584 | $7,127 | −$543 (−7.6%) |
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.