Purchase Originations
1,707
Ranked #256 nationally
Median Total Costs
$4,970
−25.6% vs national ($6,680)
↓ $145 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.500% vs prior year
Median Origination
$0
Median Lender Credits
$828
Cost Rank (500+ vol.)
#194
among lenders with 500+ originations
Denial Rate
1.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,689 | 6.125% | $4,951 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,707 | 6.125% | $4,970 | #27 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,694 | 6.000% | — | 8 | −$2,276 | |
| 2 | $2,874 | 6.000% | — | 18 | −$2,096 | |
| 3 | $2,920 | 6.375% | — | 9 | −$2,050 | |
| 4 | $2,944 | 6.125% | — | 11 | −$2,026 | |
| 5 | $2,946 | 6.125% | — | 9 | −$2,024 | |
| 6 | $3,141 | 6.312% | — | 66 | −$1,829 | |
| 7 | $3,256 | 5.812% | — | 8 | −$1,714 | |
| 8 | $3,325 | 6.250% | — | 7 | −$1,645 | |
| 9 | $3,332 | 6.500% | — | 4 | −$1,638 | |
| 10 | $3,585 | 6.125% | — | 5 | −$1,385 | |
| 11 | $4,538 | 6.250% | — | 300 | −$432 | |
| 12 | $4,642 | 5.688% | — | 4 | −$328 | |
| 13 | $4,699 | 6.250% | — | 246 | −$271 | |
| 14 | $4,752 | 5.875% | — | 15 | −$218 | |
| 15 | $4,862 | 5.625% | — | 6 | −$108 | |
| 16 | $5,182 | 6.188% | — | 386 | +$212 | |
| 17 | $5,286 | 5.938% | — | 76 | +$316 | |
| 18 | $5,522 | 6.750% | — | 6 | +$552 | |
| 19 | $5,540 | 5.875% | — | 6 | +$570 | |
| 20 | $5,585 | 6.125% | — | 485 | +$615 |
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 | Schoolsfirst | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $585,000 | $335,000 | +$250,000 (+74.6%) |
| Median total closing costs | $4,970 | $7,127 | −$2,157 (−30.3%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.