Purchase Originations
623
Ranked #553 nationally
Median Total Costs
$14,421
+115.9% vs national ($6,680)
↓ $258 vs prior year
Median Rate
8.125%
+25.2% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$9,913
Median Lender Credits
$146
Cost Rank (500+ vol.)
#602
among lenders with 500+ originations
Denial Rate
8.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 605 | 8.125% | $14,209 | $9,595 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 292 | 7.875% | $17,541 | #69 |
| New Jersey | 59 | 8.250% | $15,489 | #142 |
| Florida | 50 | 8.375% | $14,014 | #326 |
| California | 49 | 8.000% | $11,830 | — |
| Texas | 30 | 8.312% | $13,028 | — |
| Connecticut | 14 | 8.375% | $11,252 | — |
| Georgia | 14 | 8.000% | $13,273 | — |
| Massachusetts | 13 | 8.250% | $13,820 | — |
| Pennsylvania | 13 | 8.125% | $14,077 | — |
| Illinois | 12 | 8.375% | $11,948 | — |
| Michigan | 9 | 8.250% | $11,852 | — |
| North Carolina | 5 | 8.000% | $9,983 | — |
| Ohio | 5 | 8.250% | $9,119 | — |
| Virginia | 5 | 7.750% | $18,912 | — |
| Washington | 5 | 8.250% | $13,075 | — |
| Arizona | 4 | 7.688% | $15,942 | — |
| Delaware | 4 | 7.688% | $13,250 | — |
| Kentucky | 4 | 6.812% | $13,471 | — |
| Oklahoma | 4 | 8.312% | $12,056 | — |
| Indiana | 3 | 7.250% | $11,658 | — |
| Maine | 3 | 8.125% | $9,876 | — |
| Missouri | 3 | 8.875% | $7,854 | — |
| Mississippi | 3 | 7.750% | $15,312 | — |
| Arkansas | 2 | 7.125% | $5,658 | — |
| Colorado | 2 | 8.125% | $10,406 | — |
| Minnesota | 2 | 8.250% | $13,296 | — |
| Rhode Island | 2 | 8.375% | $10,805 | — |
| South Carolina | 2 | 8.500% | $9,375 | — |
| Tennessee | 2 | 7.812% | $9,627 | — |
| Alabama | 1 | 9.125% | $10,916 | — |
| Hawaii | 1 | 8.500% | $16,248 | — |
| Maryland | 1 | 8.875% | $9,559 | — |
| New Hampshire | 1 | 10.500% | $8,482 | — |
| New Mexico | 1 | 9.500% | $13,167 | — |
| Nevada | 1 | 7.875% | $10,807 | — |
| Oregon | 1 | 7.625% | $13,166 | — |
| West Virginia | 1 | 8.250% | $8,793 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $10,037 | 8.062% | — | 6 | −$4,384 | |
| 2 | $10,747 | 8.000% | — | 31 | −$3,674 | |
| 3 | $10,897 | 8.688% | — | 6 | −$3,524 | |
| 4 | $11,782 | 8.000% | — | 16 | −$2,639 | |
| 5 | $11,836 | 8.375% | — | 7 | −$2,585 | |
| 6 | $11,950 | 8.000% | — | 59 | −$2,471 | |
| 7 | $12,596 | 8.938% | — | 8 | −$1,825 | |
| 8 | $13,309 | 8.500% | — | 6 | −$1,112 | |
| 9 | $14,572 | 8.250% | — | 7 | +$151 | |
| 10 | $15,336 | 8.375% | — | 10 | +$915 | |
| 11 | $16,157 | 8.750% | — | 9 | +$1,736 | |
| 12 | $16,443 | 8.000% | — | 5 | +$2,022 | |
| 13 | $18,380 | 8.125% | — | 11 | +$3,959 | |
| 14 | $18,800 | 8.062% | — | 10 | +$4,379 | |
| 15 | $19,276 | 8.250% | — | 14 | +$4,855 | |
| 16 | $19,930 | 7.125% | — | 77 | +$5,509 | |
| 17 | $20,674 | 7.500% | — | 26 | +$6,253 | |
| 18 | $20,917 | 8.250% | — | 9 | +$6,496 | |
| 19 | $21,301 | 8.000% | — | 6 | +$6,880 | |
| 20 | $22,369 | 7.625% | — | 49 | +$7,948 |
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 | Quontic Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $425,000 | $335,000 | +$90,000 (+26.9%) |
| Median total closing costs | $14,421 | $7,127 | +$7,294 (+102.3%) |
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.