Purchase Originations
396
Median Total Costs
$2,903
−56.5% vs national ($6,680)
↑ $393 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$900
Median Lender Credits
$476
Denial Rate
1.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 396 | 6.625% | $2,903 | $900 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Indiana | 343 | 6.625% | $2,776 | #50 |
| Ohio | 9 | 6.500% | $4,771 | — |
| Michigan | 6 | 6.562% | $3,609 | — |
| Florida | 5 | 6.750% | $5,984 | — |
| Georgia | 5 | 6.500% | $7,275 | — |
| Illinois | 4 | 6.688% | $5,583 | — |
| Minnesota | 3 | 6.875% | $4,187 | — |
| Pennsylvania | 3 | 6.625% | $7,215 | — |
| Alabama | 2 | 7.000% | $3,531 | — |
| California | 2 | 6.125% | $8,457 | — |
| North Carolina | 2 | 6.375% | $6,569 | — |
| Virginia | 2 | 6.188% | $8,770 | — |
| Arkansas | 1 | 6.000% | $3,276 | — |
| Kansas | 1 | 6.625% | $3,152 | — |
| Kentucky | 1 | 6.500% | $4,910 | — |
| Massachusetts | 1 | 7.125% | $12,874 | — |
| Missouri | 1 | 5.875% | $2,933 | — |
| Nebraska | 1 | 6.875% | $4,109 | — |
| South Carolina | 1 | 6.375% | $5,764 | — |
| Tennessee | 1 | 6.875% | $4,085 | — |
| Texas | 1 | 6.875% | $5,181 | — |
| Wisconsin | 1 | 6.750% | $4,763 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,525 | 6.375% | — | 9 | −$378 | |
| 2 | $2,552 | 6.625% | — | 5 | −$351 | |
| 3 | $2,556 | 6.750% | — | 7 | −$347 | |
| 4 | $2,589 | 6.250% | — | 2 | −$314 | |
| 5 | $2,676 | 6.125% | — | 3 | −$227 | |
| 6 | $2,686 | 6.625% | — | 2 | −$217 | |
| 7 | $2,730 | 6.375% | — | 4 | −$173 | |
| 8 | $2,738 | 6.625% | — | 248 | −$165 | |
| 9 | $2,744 | 6.625% | — | 7 | −$159 | |
| 10 | $2,805 | 6.500% | — | 11 | −$98 | |
| 11 | $2,884 | 6.375% | — | 2 | −$19 | |
| 12 | $2,942 | 6.312% | — | 4 | +$39 | |
| 13 | $3,076 | 6.000% | — | 2 | +$173 | |
| 14 | $3,174 | 6.188% | — | 10 | +$271 | |
| 15 | $3,176 | 6.875% | — | 4 | +$273 | |
| 16 | $3,209 | 6.500% | — | 2 | +$306 | |
| 17 | $3,343 | 6.500% | — | 4 | +$440 | |
| 18 | $3,389 | 6.688% | — | 2 | +$486 | |
| 19 | $4,406 | 6.250% | — | 3 | +$1,503 | |
| 20 | $5,504 | 6.500% | — | 3 | +$2,601 |
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 | Purdue Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $2,903 | $7,127 | −$4,224 (−59.3%) |
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.