Purchase Originations
126,084
Ranked #2 nationally
Median Total Costs
$6,874
+2.9% vs national ($6,680)
↓ $200 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$2,968
Median Lender Credits
$873
Cost Rank (500+ vol.)
#358
among lenders with 500+ originations
Denial Rate
11.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 91,105 | 6.625% | $5,937 | $3,075 |
| fha | 26,028 | 6.250% | $10,719 | $2,657 |
| va | 8,951 | 6.125% | $8,331 | $2,701 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 14,482 | 6.500% | $8,268 | #2 |
| Texas | 11,153 | 6.490% | $8,119 | #4 |
| Florida | 10,006 | 6.490% | $8,425 | #3 |
| Michigan | 7,555 | 6.625% | $4,684 | #2 |
| Georgia | 6,324 | 6.490% | $7,601 | #2 |
| Pennsylvania | 5,587 | 6.500% | $6,464 | #2 |
| North Carolina | 5,237 | 6.500% | $6,376 | #2 |
| Ohio | 4,830 | 6.625% | $5,874 | #3 |
| Illinois | 4,017 | 6.625% | $6,577 | #4 |
| Arizona | 4,003 | 6.375% | $7,903 | #2 |
| Virginia | 3,850 | 6.490% | $6,413 | #1 |
| New York | 3,110 | 6.625% | $7,194 | #6 |
| Washington | 3,034 | 6.375% | $6,663 | #6 |
| Indiana | 2,826 | 6.625% | $5,325 | #3 |
| Tennessee | 2,702 | 6.500% | $7,104 | #3 |
| Colorado | 2,666 | 6.375% | $5,890 | #3 |
| Maryland | 2,597 | 6.490% | $6,941 | #1 |
| New Jersey | 2,587 | 6.500% | $7,114 | #4 |
| South Carolina | 2,586 | 6.500% | $6,583 | #3 |
| Minnesota | 1,904 | 6.500% | $5,946 | #5 |
| Missouri | 1,860 | 6.625% | $5,374 | #7 |
| Kentucky | 1,756 | 6.500% | $5,490 | #3 |
| Alabama | 1,622 | 6.500% | $6,388 | #5 |
| Massachusetts | 1,569 | 6.500% | $6,577 | #5 |
| Wisconsin | 1,441 | 6.625% | $5,834 | #7 |
| Utah | 1,436 | 6.375% | $6,548 | #6 |
| Oklahoma | 1,382 | 6.625% | $6,438 | #4 |
| Oregon | 1,310 | 6.375% | $8,070 | #4 |
| Kansas | 1,212 | 6.500% | $5,080 | #2 |
| Louisiana | 1,132 | 6.500% | $6,838 | #4 |
| Nevada | 1,095 | 6.490% | $7,438 | #5 |
| Arkansas | 1,051 | 6.625% | $5,586 | #4 |
| Connecticut | 968 | 6.625% | $6,872 | #4 |
| Idaho | 895 | 6.375% | $8,389 | #4 |
| Iowa | 731 | 6.625% | $5,547 | #7 |
| West Virginia | 719 | 6.750% | $6,196 | #1 |
| Mississippi | 717 | 6.500% | $6,709 | #5 |
| New Mexico | 651 | 6.500% | $6,779 | #5 |
| Nebraska | 575 | 6.625% | $5,424 | #7 |
| New Hampshire | 452 | 6.625% | $5,815 | #6 |
| Hawaii | 420 | 6.375% | $9,217 | #4 |
| Maine | 297 | 6.625% | $6,893 | #8 |
| Delaware | 296 | 6.500% | $7,193 | #8 |
| Wyoming | 287 | 6.375% | $7,509 | #4 |
| Montana | 249 | 6.500% | $7,349 | #10 |
| North Dakota | 172 | 6.625% | $6,741 | #9 |
| Vermont | 168 | 6.625% | $8,006 | #7 |
| Rhode Island | 158 | 6.500% | $6,925 | #12 |
| Alaska | 155 | 6.375% | $9,233 | #10 |
| District of Columbia | 146 | 6.375% | $6,410 | #6 |
| South Dakota | 106 | 6.625% | $6,523 | #21 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,217 | 6.625% | — | 1,437 | −$2,657 | |
| 2 | $4,445 | 6.625% | — | 959 | −$2,429 | |
| 3 | $4,502 | 6.625% | — | 1,795 | −$2,372 | |
| 4 | $5,765 | 6.375% | — | 984 | −$1,109 | |
| 5 | $6,342 | 6.500% | — | 940 | −$532 | |
| 6 | $6,509 | 6.490% | — | 682 | −$365 | |
| 7 | $7,240 | 6.625% | — | 1,487 | +$366 | |
| 8 | $7,403 | 6.500% | — | 797 | +$529 | |
| 9 | $7,816 | 6.375% | — | 2,704 | +$942 | |
| 10 | $8,213 | 6.490% | — | 703 | +$1,339 | |
| 11 | $8,272 | 6.375% | — | 1,877 | +$1,398 | |
| 12 | $8,362 | 6.500% | — | 1,228 | +$1,488 | |
| 13 | $8,508 | 6.500% | — | 936 | +$1,634 | |
| 14 | $8,514 | 6.375% | — | 1,341 | +$1,640 | |
| 15 | $9,295 | 6.375% | — | 646 | +$2,421 | |
| 16 | $9,328 | 6.490% | — | 1,268 | +$2,454 | |
| 17 | $9,617 | 6.375% | — | 855 | +$2,743 | |
| 18 | $9,953 | 6.490% | — | 895 | +$3,079 | |
| 19 | $10,031 | 6.500% | — | 2,948 | +$3,157 | |
| 20 | $12,273 | 6.500% | — | 727 | +$5,399 |
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 | Rocket Mortgage, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $315,000 | $335,000 | −$20,000 (−6.0%) |
| Median total closing costs | $6,874 | $7,127 | −$253 (−3.5%) |
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.