Purchase Originations
119
Median Total Costs
$2,486
−62.8% vs national ($6,680)
↑ $101 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.155% vs prior year
Median Origination
$525
Median Lender Credits
$24
Denial Rate
9.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 119 | 6.625% | $2,486 | $525 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,704 | 7.500% | — | 3 | −$782 | |
| 2 | $1,985 | 6.125% | — | 6 | −$501 | |
| 3 | $1,985 | 6.750% | — | 1 | −$501 | |
| 4 | $2,067 | 6.625% | — | 11 | −$419 | |
| 5 | $2,300 | 6.375% | — | 2 | −$186 | |
| 6 | $2,365 | 7.500% | — | 1 | −$121 | |
| 7 | $2,448 | 6.312% | — | 4 | −$38 | |
| 8 | $2,506 | 6.500% | — | 20 | +$20 | |
| 9 | $2,518 | 6.750% | — | 25 | +$32 | |
| 10 | $2,560 | 6.688% | — | 22 | +$74 | |
| 11 | $2,565 | 6.188% | — | 4 | +$79 | |
| 12 | $2,621 | 6.625% | — | 7 | +$135 | |
| 13 | $3,068 | 6.750% | — | 7 | +$582 | |
| 14 | $3,366 | 6.625% | — | 3 | +$880 | |
| 15 | $3,736 | 6.125% | — | 1 | +$1,250 | |
| 16 | $5,008 | 7.125% | — | 1 | +$2,522 | |
| 17 | $13,712 | 6.375% | — | 1 | +$11,226 |
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 | Royal Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $185,000 | $335,000 | −$150,000 (−44.8%) |
| Median total closing costs | $2,486 | $7,127 | −$4,641 (−65.1%) |
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.