Purchase Originations
1,001
Ranked #379 nationally
Median Total Costs
$4,838
−27.6% vs national ($6,680)
↓ $12 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,295
Median Lender Credits
$930
Cost Rank (500+ vol.)
#180
among lenders with 500+ originations
Denial Rate
7.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 906 | 6.375% | $4,734 | $1,295 |
| fha | 78 | 6.250% | $14,294 | $1,295 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 898 | 6.250% | $4,882 | #11 |
| New Hampshire | 75 | 6.500% | $4,208 | #39 |
| Rhode Island | 13 | 6.250% | $5,148 | — |
| Maine | 11 | 6.750% | $4,231 | — |
| Florida | 4 | 6.250% | $5,497 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,499 | 6.750% | — | 2 | −$1,339 | |
| 2 | $4,132 | 6.500% | — | 36 | −$706 | |
| 3 | $4,231 | 6.750% | — | 11 | −$607 | |
| 4 | $4,277 | 6.500% | — | 28 | −$561 | |
| 5 | $4,427 | 6.370% | — | 2 | −$411 | |
| 6 | $4,529 | 6.058% | — | 10 | −$309 | |
| 7 | $4,679 | 6.125% | — | 2 | −$159 | |
| 8 | $4,701 | 6.375% | — | 53 | −$137 | |
| 9 | $4,724 | 6.250% | — | 324 | −$114 | |
| 10 | $4,862 | 6.375% | — | 22 | +$24 | |
| 11 | $5,049 | 6.438% | — | 80 | +$211 | |
| 12 | $5,053 | 6.250% | — | 263 | +$215 | |
| 13 | $5,248 | 6.250% | — | 58 | +$410 | |
| 14 | $5,304 | 6.990% | — | 3 | +$466 | |
| 15 | $5,318 | 6.250% | — | 83 | +$480 | |
| 16 | $5,452 | 6.000% | — | 1 | +$614 | |
| 17 | $5,542 | 7.000% | — | 1 | +$704 | |
| 18 | $6,432 | 6.500% | — | 2 | +$1,594 | |
| 19 | $7,103 | 6.000% | — | 3 | +$2,265 | |
| 20 | $11,279 | 6.500% | — | 9 | +$6,441 |
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 | Salem Five Mortgage Company, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $515,000 | $335,000 | +$180,000 (+53.7%) |
| Median total closing costs | $4,838 | $7,127 | −$2,289 (−32.1%) |
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.