Purchase Originations
138
Median Total Costs
$3,584
−46.4% vs national ($6,680)
↓ $23 vs prior year
Median Rate
6.438%
−0.8% vs national (6.490%)
↓ 0.187% vs prior year
Median Origination
$650
Median Lender Credits
$46
Denial Rate
1.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 138 | 6.438% | $3,584 | $650 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Pennsylvania | 119 | 6.375% | $3,604 | #147 |
| Delaware | 9 | 6.625% | $3,563 | — |
| New Jersey | 5 | 6.625% | $3,885 | — |
| Florida | 1 | 6.625% | $2,000 | — |
| Maryland | 1 | 6.750% | $3,105 | — |
| Maine | 1 | 5.750% | $2,179 | — |
| North Carolina | 1 | 6.375% | $2,096 | — |
| South Carolina | 1 | 7.125% | $3,085 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,000 | 6.625% | — | 1 | −$1,584 | |
| 2 | $2,096 | 6.375% | — | 1 | −$1,488 | |
| 3 | $2,179 | 5.750% | — | 1 | −$1,405 | |
| 4 | $2,681 | 6.000% | — | 2 | −$903 | |
| 5 | $3,105 | 6.750% | — | 1 | −$479 | |
| 6 | $3,207 | 6.625% | — | 5 | −$377 | |
| 7 | $3,319 | 6.625% | — | 46 | −$265 | |
| 8 | $3,563 | 6.625% | — | 9 | −$21 | |
| 9 | $3,676 | 6.250% | — | 2 | +$92 | |
| 10 | $3,736 | 6.625% | — | 1 | +$152 | |
| 11 | $3,787 | 6.875% | — | 5 | +$203 | |
| 12 | $3,790 | 6.375% | — | 14 | +$206 | |
| 13 | $3,869 | 6.000% | — | 5 | +$285 | |
| 14 | $3,885 | 7.500% | — | 1 | +$301 | |
| 15 | $3,941 | 6.750% | — | 2 | +$357 | |
| 16 | $3,954 | 6.125% | — | 23 | +$370 | |
| 17 | $4,426 | 6.375% | — | 5 | +$842 | |
| 18 | $4,924 | 6.375% | — | 3 | +$1,340 | |
| 19 | $10,143 | 6.062% | — | 2 | +$6,559 | |
| 20 | $16,270 | 6.500% | — | 1 | +$12,686 |
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 Financial Network, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $215,000 | $335,000 | −$120,000 (−35.8%) |
| Median total closing costs | $3,584 | $7,127 | −$3,543 (−49.7%) |
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.