Purchase Originations
112
Median Total Costs
$4,453
−33.3% vs national ($6,680)
↓ $369 vs prior year
Median Rate
6.624%
+2.1% vs national (6.490%)
↓ 0.126% vs prior year
Median Origination
$1,399
Median Lender Credits
$30
Denial Rate
1.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 95 | 6.750% | $4,222 | $1,399 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 103 | 6.500% | $4,498 | #125 |
| Georgia | 1 | 6.250% | $2,162 | — |
| Kentucky | 1 | 6.750% | $4,282 | — |
| Massachusetts | 1 | 7.275% | $5,290 | — |
| Missouri | 1 | 7.375% | $4,061 | — |
| North Carolina | 1 | 6.750% | $2,677 | — |
| Ohio | 1 | 6.990% | $4,161 | — |
| Pennsylvania | 1 | 6.125% | $4,222 | — |
| Texas | 1 | 7.025% | $9,622 | — |
| Virginia | 1 | 6.875% | $4,127 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,162 | 6.250% | — | 1 | −$2,291 | |
| 2 | $2,677 | 6.750% | — | 1 | −$1,776 | |
| 3 | $2,931 | 6.625% | — | 19 | −$1,522 | |
| 4 | $2,936 | 6.688% | — | 2 | −$1,517 | |
| 5 | $3,157 | 6.875% | — | 1 | −$1,296 | |
| 6 | $3,814 | 6.562% | — | 12 | −$639 | |
| 7 | $3,837 | 6.875% | — | 1 | −$616 | |
| 8 | $4,061 | 7.375% | — | 1 | −$392 | |
| 9 | $4,161 | 6.990% | — | 1 | −$292 | |
| 10 | $4,222 | 6.125% | — | 1 | −$231 | |
| 11 | $4,282 | 6.750% | — | 1 | −$171 | |
| 12 | $4,402 | 6.250% | — | 4 | −$51 | |
| 13 | $4,469 | 6.490% | — | 5 | +$16 | |
| 14 | $5,184 | 6.500% | — | 51 | +$731 | |
| 15 | $5,290 | 7.275% | — | 1 | +$837 | |
| 16 | $5,488 | 6.433% | — | 2 | +$1,035 | |
| 17 | $8,196 | 5.625% | — | 1 | +$3,743 | |
| 18 | $12,100 | 6.125% | — | 1 | +$7,647 | |
| 19 | $17,631 | 5.875% | — | 1 | +$13,178 | |
| 20 | $18,437 | 6.875% | — | 2 | +$13,984 |
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 | Studio Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $450,000 | $335,000 | +$115,000 (+34.3%) |
| Median total closing costs | $4,453 | $7,127 | −$2,674 (−37.5%) |
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.