Purchase Originations
432
Median Total Costs
$8,966
+34.2% vs national ($6,680)
↑ $818 vs prior year
Median Rate
6.450%
−0.6% vs national (6.490%)
↓ 0.675% vs prior year
Median Origination
$4,446
Median Lender Credits
$49
Denial Rate
3.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 432 | 6.450% | $8,966 | $4,446 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 234 | 6.325% | $7,353 | #78 |
| California | 128 | 6.750% | $14,490 | #173 |
| Illinois | 35 | 6.325% | $6,922 | — |
| New Jersey | 21 | 6.575% | $7,362 | — |
| Nevada | 9 | 6.250% | $10,090 | — |
| Hawaii | 5 | 6.700% | $17,788 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,568 | 6.200% | — | 5 | −$2,398 | |
| 2 | $6,912 | 6.388% | — | 30 | −$2,054 | |
| 3 | $7,084 | 6.375% | — | 50 | −$1,882 | |
| 4 | $7,380 | 6.250% | — | 84 | −$1,586 | |
| 5 | $7,429 | 6.350% | — | 58 | −$1,537 | |
| 6 | $7,608 | 6.375% | — | 29 | −$1,358 | |
| 7 | $10,090 | 6.200% | — | 7 | +$1,124 | |
| 8 | $11,131 | 6.575% | — | 7 | +$2,165 | |
| 9 | $12,344 | 7.125% | — | 5 | +$3,378 | |
| 10 | $13,557 | 6.688% | — | 16 | +$4,591 | |
| 11 | $13,904 | 6.750% | — | 18 | +$4,938 | |
| 12 | $14,425 | 6.750% | — | 46 | +$5,459 | |
| 13 | $15,071 | 6.350% | — | 2 | +$6,105 | |
| 14 | $15,869 | 6.562% | — | 2 | +$6,903 | |
| 15 | $16,662 | 6.750% | — | 11 | +$7,696 | |
| 16 | $16,691 | 6.875% | — | 3 | +$7,725 | |
| 17 | $18,945 | 6.787% | — | 4 | +$9,979 | |
| 18 | $20,806 | 6.750% | — | 3 | +$11,840 | |
| 19 | $20,908 | 6.688% | — | 8 | +$11,942 | |
| 20 | $36,805 | 6.812% | — | 2 | +$27,839 |
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 Business Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $480,000 | $335,000 | +$145,000 (+43.3%) |
| Median total closing costs | $8,966 | $7,127 | +$1,839 (+25.8%) |
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.