Purchase Originations
231
Median Total Costs
$5,914
−11.5% vs national ($6,680)
↓ $664 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,595
Median Lender Credits
$1,500
Denial Rate
1.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 123 | 6.750% | $4,622 | $1,595 |
| fha | 73 | 6.375% | $9,159 | $2,060 |
| va | 34 | 6.250% | $6,062 | $1,765 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,610 | 5.750% | — | 1 | −$3,304 | |
| 2 | $3,889 | 7.125% | — | 1 | −$2,025 | |
| 3 | $4,096 | 6.875% | — | 2 | −$1,818 | |
| 4 | $4,150 | 6.875% | — | 2 | −$1,764 | |
| 5 | $4,715 | 6.875% | — | 1 | −$1,199 | |
| 6 | $4,842 | 7.000% | — | 1 | −$1,072 | |
| 7 | $5,067 | 6.875% | — | 1 | −$847 | |
| 8 | $5,277 | 6.500% | — | 62 | −$637 | |
| 9 | $5,345 | 6.562% | — | 8 | −$569 | |
| 10 | $5,572 | 6.375% | — | 1 | −$342 | |
| 11 | $5,841 | 6.625% | — | 10 | −$73 | |
| 12 | $5,926 | 6.562% | — | 26 | +$12 | |
| 13 | $6,092 | 6.500% | — | 16 | +$178 | |
| 14 | $6,095 | 6.625% | — | 42 | +$181 | |
| 15 | $6,309 | 6.688% | — | 4 | +$395 | |
| 16 | $6,440 | 6.812% | — | 2 | +$526 | |
| 17 | $6,800 | 6.250% | — | 9 | +$886 | |
| 18 | $7,920 | 6.812% | — | 6 | +$2,006 | |
| 19 | $8,343 | 6.250% | — | 21 | +$2,429 | |
| 20 | $9,574 | 5.688% | — | 2 | +$3,660 |
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 | Sovereign Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $245,000 | $335,000 | −$90,000 (−26.9%) |
| Median total closing costs | $5,914 | $7,127 | −$1,213 (−17.0%) |
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.