Purchase Originations
774
Ranked #469 nationally
Median Total Costs
$8,559
+28.1% vs national ($6,680)
↑ $856 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,195
Median Lender Credits
$1,050
Cost Rank (500+ vol.)
#476
among lenders with 500+ originations
Denial Rate
3.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 774 | 6.250% | $8,559 | $1,195 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 774 | 6.250% | $8,559 | #53 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,056 | 5.375% | — | 1 | −$3,503 | |
| 2 | $5,123 | 5.875% | — | 1 | −$3,436 | |
| 3 | $5,204 | 6.875% | — | 15 | −$3,355 | |
| 4 | $5,491 | 6.375% | — | 18 | −$3,068 | |
| 5 | $5,637 | 6.250% | — | 2 | −$2,922 | |
| 6 | $5,845 | 5.875% | — | 1 | −$2,714 | |
| 7 | $5,944 | 6.312% | — | 2 | −$2,615 | |
| 8 | $5,975 | 6.375% | — | 2 | −$2,584 | |
| 9 | $6,256 | 6.375% | — | 12 | −$2,303 | |
| 10 | $6,375 | 7.125% | — | 1 | −$2,184 | |
| 11 | $7,212 | 6.375% | — | 11 | −$1,347 | |
| 12 | $7,689 | 6.250% | — | 259 | −$870 | |
| 13 | $8,116 | 6.125% | — | 24 | −$443 | |
| 14 | $8,564 | 6.125% | — | 13 | +$5 | |
| 15 | $9,467 | 6.125% | — | 318 | +$908 | |
| 16 | $9,508 | 6.250% | — | 9 | +$949 | |
| 17 | $9,916 | 6.000% | — | 85 | +$1,357 |
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 | Redwood | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $715,000 | $335,000 | +$380,000 (+113.4%) |
| Median total closing costs | $8,559 | $7,127 | +$1,432 (+20.1%) |
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.