Purchase Originations
130
Median Total Costs
$6,926
+3.7% vs national ($6,680)
↓ $662 vs prior year
Median Rate
5.750%
−11.4% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$2,975
Median Lender Credits
$106
Denial Rate
7.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 130 | 5.750% | $6,926 | $2,975 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 31 | 5.750% | $8,351 | — |
| Maryland | 12 | 5.812% | $6,929 | — |
| District of Columbia | 10 | 5.688% | $9,665 | — |
| Texas | 9 | 5.875% | $9,022 | — |
| Tennessee | 6 | 5.625% | $7,433 | — |
| Florida | 5 | 5.875% | $6,146 | — |
| Arizona | 4 | 5.938% | $10,187 | — |
| Michigan | 4 | 5.938% | $5,235 | — |
| Pennsylvania | 4 | 5.812% | $7,036 | — |
| Illinois | 3 | 5.625% | $10,649 | — |
| Massachusetts | 3 | 6.000% | $5,415 | — |
| Minnesota | 3 | 6.000% | $6,227 | — |
| Ohio | 3 | 6.500% | $5,284 | — |
| Wisconsin | 3 | 6.250% | $8,003 | — |
| California | 2 | 5.500% | $8,121 | — |
| Georgia | 2 | 5.875% | $8,224 | — |
| New Hampshire | 2 | 6.625% | $4,472 | — |
| New Mexico | 2 | 5.812% | $11,132 | — |
| Oklahoma | 2 | 6.000% | $4,950 | — |
| Oregon | 2 | 5.688% | $6,791 | — |
| South Carolina | 2 | 6.062% | $5,420 | — |
| Alaska | 1 | 6.750% | $3,914 | — |
| Alabama | 1 | 6.000% | $6,362 | — |
| Arkansas | 1 | 5.625% | $5,585 | — |
| Colorado | 1 | 5.500% | $4,621 | — |
| Delaware | 1 | 6.625% | $5,234 | — |
| Idaho | 1 | 5.625% | $4,606 | — |
| Indiana | 1 | 5.875% | $7,015 | — |
| Louisiana | 1 | 5.500% | $16,346 | — |
| Maine | 1 | 4.375% | $8,612 | — |
| North Carolina | 1 | 5.750% | $9,730 | — |
| New Jersey | 1 | 6.000% | $8,139 | — |
| Nevada | 1 | 6.000% | $4,897 | — |
| New York | 1 | 5.750% | $6,135 | — |
| Vermont | 1 | 6.125% | $6,109 | — |
| Washington | 1 | 5.750% | $14,107 | — |
| Wyoming | 1 | 6.500% | $4,062 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,472 | 6.625% | — | 2 | −$2,454 | |
| 2 | $4,621 | 5.500% | — | 1 | −$2,305 | |
| 3 | $5,585 | 5.625% | — | 1 | −$1,341 | |
| 4 | $5,786 | 5.750% | — | 2 | −$1,140 | |
| 5 | $5,852 | 6.625% | — | 2 | −$1,074 | |
| 6 | $6,362 | 6.000% | — | 1 | −$564 | |
| 7 | $6,438 | 6.375% | — | 2 | −$488 | |
| 8 | $6,790 | 5.625% | — | 14 | −$136 | |
| 9 | $7,451 | 6.562% | — | 2 | +$525 | |
| 10 | $7,712 | 5.750% | — | 7 | +$786 | |
| 11 | $8,062 | 5.500% | — | 1 | +$1,136 | |
| 12 | $8,179 | 5.500% | — | 1 | +$1,253 | |
| 13 | $8,500 | 6.062% | — | 2 | +$1,574 | |
| 14 | $9,188 | 5.938% | — | 2 | +$2,262 | |
| 15 | $9,665 | 5.688% | — | 10 | +$2,739 | |
| 16 | $10,886 | 5.938% | — | 2 | +$3,960 | |
| 17 | $11,746 | 5.312% | — | 2 | +$4,820 | |
| 18 | $13,230 | 5.688% | — | 2 | +$6,304 | |
| 19 | $13,381 | 5.750% | — | 7 | +$6,455 | |
| 20 | $17,695 | 5.438% | — | 2 | +$10,769 |
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 | State Department Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $385,000 | $335,000 | +$50,000 (+14.9%) |
| Median total closing costs | $6,926 | $7,127 | −$201 (−2.8%) |
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.