Purchase Originations
3,357
Ranked #149 nationally
Median Total Costs
$5,416
−18.9% vs national ($6,680)
↓ $134 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$1,050
Median Lender Credits
$780
Cost Rank (500+ vol.)
#232
among lenders with 500+ originations
Denial Rate
3.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,593 | 6.625% | $4,836 | $1,100 |
| fha | 510 | 6.125% | $10,145 | $1,245 |
| va | 254 | 6.000% | $7,500 | $34 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 323 | 6.375% | $6,578 | #151 |
| North Carolina | 251 | 6.490% | $4,218 | #90 |
| Florida | 223 | 6.500% | $5,963 | #151 |
| California | 174 | 6.490% | $6,965 | #156 |
| Pennsylvania | 168 | 6.625% | $5,573 | #118 |
| Illinois | 133 | 6.500% | $6,304 | #127 |
| New Jersey | 129 | 6.375% | $7,232 | #88 |
| Ohio | 121 | 6.625% | $4,526 | #119 |
| New York | 118 | 6.495% | $6,504 | #114 |
| Indiana | 107 | 6.375% | $3,664 | #125 |
| Virginia | 97 | 6.375% | $4,671 | #130 |
| Georgia | 94 | 6.500% | $5,767 | #147 |
| Tennessee | 88 | 6.375% | $4,925 | #140 |
| Missouri | 81 | 6.625% | $3,771 | #110 |
| Washington | 78 | 6.495% | $5,651 | #122 |
| Michigan | 77 | 6.625% | $4,036 | #128 |
| Minnesota | 75 | 6.500% | $4,560 | #108 |
| Colorado | 74 | 6.490% | $4,233 | #124 |
| Massachusetts | 70 | 6.500% | $5,152 | #109 |
| South Carolina | 70 | 6.490% | $5,076 | #141 |
| Arizona | 68 | 6.490% | $6,067 | #127 |
| Wisconsin | 68 | 6.688% | $3,426 | #120 |
| Alabama | 52 | 6.312% | $5,013 | #132 |
| Oklahoma | 48 | 6.500% | $5,120 | — |
| Maryland | 46 | 6.370% | $5,419 | — |
| Connecticut | 43 | 6.500% | $4,985 | — |
| Nevada | 41 | 6.125% | $5,422 | — |
| Oregon | 41 | 6.500% | $5,559 | — |
| Kentucky | 38 | 6.375% | $5,866 | — |
| Kansas | 37 | 6.625% | $3,741 | — |
| Utah | 37 | 6.375% | $5,372 | — |
| Arkansas | 36 | 6.433% | $3,219 | — |
| Iowa | 29 | 6.625% | $4,370 | — |
| Mississippi | 23 | 6.625% | $4,522 | — |
| Nebraska | 21 | 6.500% | $3,909 | — |
| New Mexico | 21 | 6.375% | $6,237 | — |
| Idaho | 18 | 6.375% | $7,604 | — |
| New Hampshire | 17 | 6.375% | $3,758 | — |
| Louisiana | 16 | 6.125% | $6,302 | — |
| West Virginia | 14 | 6.125% | $3,815 | — |
| Montana | 13 | 6.000% | $5,876 | — |
| Rhode Island | 13 | 6.500% | $5,412 | — |
| Delaware | 12 | 6.562% | $5,444 | — |
| District of Columbia | 11 | 6.490% | $7,535 | — |
| Alaska | 9 | 6.000% | $9,527 | — |
| Maine | 9 | 6.750% | $3,840 | — |
| Wyoming | 9 | 6.490% | $3,677 | — |
| South Dakota | 8 | 6.375% | $5,531 | — |
| North Dakota | 3 | 6.250% | $5,723 | — |
| Vermont | 3 | 6.125% | $6,044 | — |
| Hawaii | 2 | 5.812% | $15,316 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,190 | 6.375% | — | 77 | −$1,226 | |
| 2 | $4,208 | 6.562% | — | 24 | −$1,208 | |
| 3 | $4,771 | 6.558% | — | 24 | −$645 | |
| 4 | $4,959 | 6.490% | — | 22 | −$457 | |
| 5 | $5,061 | 6.625% | — | 20 | −$355 | |
| 6 | $5,614 | 6.490% | — | 25 | +$198 | |
| 7 | $5,733 | 6.490% | — | 16 | +$317 | |
| 8 | $5,844 | 6.490% | — | 31 | +$428 | |
| 9 | $5,851 | 6.125% | — | 26 | +$435 | |
| 10 | $5,927 | 6.312% | — | 22 | +$511 | |
| 11 | $6,493 | 6.490% | — | 19 | +$1,077 | |
| 12 | $6,494 | 6.375% | — | 51 | +$1,078 | |
| 13 | $6,543 | 6.188% | — | 18 | +$1,127 | |
| 14 | $6,650 | 6.375% | — | 33 | +$1,234 | |
| 15 | $6,903 | 6.375% | — | 28 | +$1,487 | |
| 16 | $7,009 | 6.375% | — | 32 | +$1,593 | |
| 17 | $7,209 | 6.625% | — | 47 | +$1,793 | |
| 18 | $7,398 | 6.490% | — | 49 | +$1,982 | |
| 19 | $8,005 | 6.495% | — | 28 | +$2,589 | |
| 20 | $8,068 | 6.562% | — | 18 | +$2,652 |
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 | Sofi Bank, National Association | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $355,000 | $335,000 | +$20,000 (+6.0%) |
| Median total closing costs | $5,416 | $7,127 | −$1,711 (−24.0%) |
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.