Purchase Originations
2,744
Ranked #169 nationally
Median Total Costs
$5,118
−23.4% vs national ($6,680)
↑ $239 vs prior year
Median Rate
7.950%
+22.5% vs national (6.490%)
↓ 0.050% vs prior year
Median Origination
$3,062
Median Lender Credits
$45
Cost Rank (500+ vol.)
#204
among lenders with 500+ originations
Denial Rate
9.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,987 | 8.400% | $4,681 | $4,284 |
| fha | 629 | 5.875% | $7,082 | $0 |
| va | 128 | 5.875% | $152 | $0 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 748 | 8.200% | $4,882 | #83 |
| South Carolina | 333 | 7.750% | $5,404 | #51 |
| Oklahoma | 210 | 8.000% | $5,189 | #42 |
| Florida | 196 | 6.562% | $6,293 | #164 |
| Alabama | 189 | 8.600% | $4,436 | #56 |
| North Carolina | 160 | 7.112% | $5,667 | #120 |
| Georgia | 135 | 7.500% | $5,477 | #121 |
| Tennessee | 134 | 7.500% | $5,407 | #105 |
| Mississippi | 107 | 8.350% | $4,431 | #45 |
| Arkansas | 88 | 8.000% | $4,711 | #70 |
| New Mexico | 63 | 7.900% | $5,475 | #55 |
| Louisiana | 54 | 8.375% | $3,460 | #78 |
| Missouri | 54 | 7.750% | $4,897 | #141 |
| Ohio | 49 | 8.100% | $5,462 | — |
| Kentucky | 48 | 8.200% | $4,719 | — |
| Virginia | 45 | 6.875% | $6,150 | — |
| West Virginia | 42 | 8.500% | $4,746 | — |
| Arizona | 20 | 5.875% | $6,275 | — |
| Kansas | 15 | 7.450% | $6,108 | — |
| Indiana | 14 | 8.675% | $3,378 | — |
| Colorado | 7 | 5.875% | $5,877 | — |
| Illinois | 7 | 9.750% | $3,453 | — |
| Montana | 6 | 8.725% | $3,914 | — |
| Pennsylvania | 6 | 5.875% | $5,846 | — |
| Michigan | 3 | 8.550% | $4,376 | — |
| Wyoming | 3 | 7.550% | $3,366 | — |
| California | 2 | 5.562% | $11,691 | — |
| Minnesota | 2 | 8.512% | $5,376 | — |
| Wisconsin | 2 | 9.225% | $3,531 | — |
| Idaho | 1 | 5.250% | $7,818 | — |
| Washington | 1 | 6.250% | $3,490 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,221 | 8.925% | — | 22 | −$1,897 | |
| 2 | $4,388 | 8.400% | — | 17 | −$730 | |
| 3 | $4,434 | 8.500% | — | 19 | −$684 | |
| 4 | $4,458 | 8.050% | — | 23 | −$660 | |
| 5 | $4,507 | 8.550% | — | 13 | −$611 | |
| 6 | $4,722 | 7.850% | — | 15 | −$396 | |
| 7 | $4,789 | 7.900% | — | 15 | −$329 | |
| 8 | $4,893 | 9.300% | — | 16 | −$225 | |
| 9 | $4,914 | 8.250% | — | 13 | −$204 | |
| 10 | $5,061 | 7.900% | — | 17 | −$57 | |
| 11 | $5,233 | 7.700% | — | 13 | +$115 | |
| 12 | $5,324 | 8.450% | — | 19 | +$206 | |
| 13 | $5,661 | 8.600% | — | 13 | +$543 | |
| 14 | $5,720 | 7.362% | — | 22 | +$602 | |
| 15 | $5,814 | 6.938% | — | 22 | +$696 | |
| 16 | $6,013 | 7.850% | — | 19 | +$895 | |
| 17 | $6,240 | 7.825% | — | 12 | +$1,122 | |
| 18 | $6,250 | 6.375% | — | 21 | +$1,132 | |
| 19 | $6,693 | 6.375% | — | 18 | +$1,575 | |
| 20 | $7,630 | 6.750% | — | 13 | +$2,512 |
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 Stage Funding, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $165,000 | $335,000 | −$170,000 (−50.7%) |
| Median total closing costs | $5,118 | $7,127 | −$2,009 (−28.2%) |
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.