Purchase Originations
206
Median Total Costs
$5,289
−20.8% vs national ($6,680)
↓ $135 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.385% vs prior year
Median Origination
$1,675
Median Lender Credits
$500
Denial Rate
8.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 155 | 6.500% | $4,832 | $1,624 |
| fha | 41 | 6.250% | $12,766 | $2,214 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 121 | 6.500% | $5,165 | #19 |
| Massachusetts | 45 | 6.490% | $5,084 | — |
| New Hampshire | 14 | 6.433% | $5,132 | — |
| Connecticut | 6 | 6.312% | $5,690 | — |
| Florida | 4 | 6.375% | $5,491 | — |
| Maine | 2 | 6.312% | $13,316 | — |
| Pennsylvania | 2 | 5.875% | $9,332 | — |
| California | 1 | 6.875% | $7,964 | — |
| Colorado | 1 | 6.250% | $11,340 | — |
| Indiana | 1 | 5.375% | $9,619 | — |
| Maryland | 1 | 5.490% | $10,415 | — |
| Michigan | 1 | 5.990% | $14,547 | — |
| Minnesota | 1 | 5.625% | $9,150 | — |
| New York | 1 | 6.000% | $5,705 | — |
| Ohio | 1 | 6.490% | $7,759 | — |
| Oklahoma | 1 | 5.990% | $5,816 | — |
| South Carolina | 1 | 6.375% | $3,446 | — |
| Tennessee | 1 | 6.990% | $13,291 | — |
| Virginia | 1 | 6.990% | $5,005 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,990 | 6.312% | — | 2 | −$2,299 | |
| 2 | $4,638 | 6.500% | — | 3 | −$651 | |
| 3 | $4,746 | 6.188% | — | 10 | −$543 | |
| 4 | $4,957 | 6.500% | — | 54 | −$332 | |
| 5 | $5,014 | 6.870% | — | 2 | −$275 | |
| 6 | $5,039 | 6.490% | — | 15 | −$250 | |
| 7 | $5,049 | 6.125% | — | 5 | −$240 | |
| 8 | $5,059 | 6.750% | — | 5 | −$230 | |
| 9 | $5,084 | 6.250% | — | 3 | −$205 | |
| 10 | $5,124 | 6.875% | — | 7 | −$165 | |
| 11 | $5,290 | 6.490% | — | 51 | +$1 | |
| 12 | $5,363 | 6.250% | — | 5 | +$74 | |
| 13 | $6,330 | 6.875% | — | 1 | +$1,041 | |
| 14 | $6,756 | 6.740% | — | 4 | +$1,467 | |
| 15 | $7,284 | 6.490% | — | 3 | +$1,995 | |
| 16 | $8,319 | 6.990% | — | 3 | +$3,030 | |
| 17 | $10,287 | 6.490% | — | 7 | +$4,998 | |
| 18 | $10,610 | 6.490% | — | 6 | +$5,321 | |
| 19 | $11,340 | 6.250% | — | 1 | +$6,051 | |
| 20 | $13,316 | 6.312% | — | 2 | +$8,027 |
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 | Shoreham Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $365,000 | $335,000 | +$30,000 (+9.0%) |
| Median total closing costs | $5,289 | $7,127 | −$1,838 (−25.8%) |
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.