Purchase Originations
128
Median Total Costs
$9,171
+37.3% vs national ($6,680)
↓ $1,105 vs prior year
Median Rate
6.875%
+5.9% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,925
Median Lender Credits
$312
Denial Rate
0.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 128 | 6.875% | $9,171 | $1,925 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 18 | 7.062% | $10,240 | — |
| Massachusetts | 14 | 6.750% | $8,716 | — |
| Texas | 14 | 6.750% | $11,449 | — |
| Arizona | 11 | 6.875% | $9,334 | — |
| Georgia | 8 | 7.062% | $12,833 | — |
| Florida | 7 | 6.875% | $10,290 | — |
| Washington | 7 | 6.875% | $7,128 | — |
| Illinois | 5 | 6.875% | $7,402 | — |
| Minnesota | 5 | 6.375% | $19,133 | — |
| New Jersey | 5 | 6.750% | $9,132 | — |
| Tennessee | 5 | 7.000% | $9,458 | — |
| Colorado | 4 | 6.500% | $4,914 | — |
| Montana | 4 | 6.688% | $21,033 | — |
| Missouri | 3 | 7.125% | $4,794 | — |
| Indiana | 2 | 6.625% | $4,729 | — |
| Michigan | 2 | 6.562% | $6,210 | — |
| North Carolina | 2 | 7.062% | $5,702 | — |
| Utah | 2 | 6.750% | $3,029 | — |
| Virginia | 2 | 6.500% | $9,557 | — |
| Arkansas | 1 | 8.250% | $0 | — |
| Idaho | 1 | 6.625% | $22,828 | — |
| Louisiana | 1 | 6.875% | $6,911 | — |
| Maine | 1 | 7.000% | $4,888 | — |
| Nevada | 1 | 6.875% | $15,679 | — |
| Ohio | 1 | 7.375% | $4,086 | — |
| Oregon | 1 | 7.000% | $10,929 | — |
| South Carolina | 1 | 6.500% | $7,553 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,109 | 7.562% | — | 2 | −$6,062 | |
| 2 | $4,190 | 7.062% | — | 2 | −$4,981 | |
| 3 | $4,729 | 6.625% | — | 2 | −$4,442 | |
| 4 | $4,914 | 6.938% | — | 2 | −$4,257 | |
| 5 | $6,325 | 6.500% | — | 3 | −$2,846 | |
| 6 | $7,402 | 6.875% | — | 3 | −$1,769 | |
| 7 | $8,260 | 6.625% | — | 2 | −$911 | |
| 8 | $9,145 | 6.875% | — | 7 | −$26 | |
| 9 | $9,387 | 6.812% | — | 2 | +$216 | |
| 10 | $9,876 | 6.750% | — | 3 | +$705 | |
| 11 | $9,919 | 6.875% | — | 10 | +$748 | |
| 12 | $10,608 | 6.750% | — | 5 | +$1,437 | |
| 13 | $12,118 | 7.938% | — | 2 | +$2,947 | |
| 14 | $12,327 | 6.750% | — | 3 | +$3,156 | |
| 15 | $13,558 | 6.750% | — | 2 | +$4,387 | |
| 16 | $15,243 | 6.625% | — | 4 | +$6,072 | |
| 17 | $16,891 | 6.625% | — | 3 | +$7,720 | |
| 18 | $18,778 | 6.812% | — | 6 | +$9,607 | |
| 19 | $20,105 | 7.750% | — | 4 | +$10,934 | |
| 20 | $20,452 | 6.375% | — | 1 | +$11,281 |
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 RESIDENTIAL ACQUISITION CORPORATION | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $1,155,000 | $335,000 | +$820,000 (+244.8%) |
| Median total closing costs | $9,171 | $7,127 | +$2,044 (+28.7%) |
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.