Purchase Originations
1,324
Ranked #307 nationally
Median Total Costs
$9,372
+40.3% vs national ($6,680)
↓ $505 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$3,680
Median Lender Credits
$135
Cost Rank (500+ vol.)
#521
among lenders with 500+ originations
Denial Rate
4.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 721 | 6.625% | $11,692 | $4,323 |
| conventional | 373 | 6.750% | $7,110 | $3,931 |
| va | 189 | 6.500% | $5,802 | $0 |
| usda | 41 | 6.625% | $7,362 | $2,711 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 505 | 6.625% | $10,951 | #113 |
| Tennessee | 164 | 6.500% | $8,704 | #90 |
| Alabama | 125 | 6.625% | $8,268 | #80 |
| Oklahoma | 105 | 6.625% | $7,144 | #67 |
| Louisiana | 100 | 6.750% | $9,191 | #58 |
| Mississippi | 65 | 6.250% | $11,864 | #58 |
| Kentucky | 33 | 6.625% | $7,244 | — |
| Michigan | 32 | 7.062% | $7,121 | — |
| Indiana | 29 | 6.875% | $6,775 | — |
| South Carolina | 27 | 6.625% | $10,030 | — |
| New Mexico | 23 | 6.875% | $9,442 | — |
| Washington | 23 | 6.500% | $12,822 | — |
| Oregon | 21 | 6.625% | $16,084 | — |
| Ohio | 18 | 6.688% | $5,766 | — |
| Georgia | 15 | 6.500% | $13,844 | — |
| Colorado | 12 | 6.812% | $12,634 | — |
| Arizona | 7 | 6.500% | $6,361 | — |
| Pennsylvania | 6 | 6.625% | $7,269 | — |
| Missouri | 4 | 6.995% | $7,266 | — |
| Arkansas | 2 | 6.938% | $10,379 | — |
| Florida | 2 | 5.870% | $12,273 | — |
| Illinois | 2 | 6.375% | $16,682 | — |
| Montana | 2 | 7.125% | $7,220 | — |
| North Carolina | 1 | 6.125% | $9,035 | — |
| Nebraska | 1 | 6.750% | $10,191 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,397 | 6.990% | — | 15 | −$2,975 | |
| 2 | $6,866 | 6.375% | — | 83 | −$2,506 | |
| 3 | $6,995 | 6.933% | — | 14 | −$2,377 | |
| 4 | $7,350 | 6.875% | — | 26 | −$2,022 | |
| 5 | $7,843 | 6.625% | — | 17 | −$1,529 | |
| 6 | $8,087 | 6.500% | — | 18 | −$1,285 | |
| 7 | $8,110 | 6.250% | — | 18 | −$1,262 | |
| 8 | $8,558 | 6.625% | — | 15 | −$814 | |
| 9 | $9,138 | 6.990% | — | 15 | −$234 | |
| 10 | $9,321 | 6.500% | — | 30 | −$51 | |
| 11 | $9,894 | 6.750% | — | 17 | +$522 | |
| 12 | $11,010 | 6.750% | — | 31 | +$1,638 | |
| 13 | $11,012 | 6.500% | — | 49 | +$1,640 | |
| 14 | $11,603 | 6.500% | — | 19 | +$2,231 | |
| 15 | $11,669 | 6.750% | — | 18 | +$2,297 | |
| 16 | $11,949 | 6.933% | — | 18 | +$2,577 | |
| 17 | $12,264 | 6.875% | — | 23 | +$2,892 | |
| 18 | $12,670 | 6.250% | — | 40 | +$3,298 | |
| 19 | $12,803 | 6.750% | — | 54 | +$3,431 | |
| 20 | $14,275 | 6.438% | — | 20 | +$4,903 |
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 | Southwest Funding, LP | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $9,372 | $7,127 | +$2,245 (+31.5%) |
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.