Purchase Originations
313
Median Total Costs
$8,337
+24.8% vs national ($6,680)
↓ $1,138 vs prior year
Median Rate
6.490%
+0.0% vs national (6.490%)
↓ 0.135% vs prior year
Median Origination
$3,750
Median Lender Credits
$1,168
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 240 | 6.562% | $6,989 | $3,565 |
| fha | 54 | 6.188% | $15,770 | $5,549 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Oregon | 170 | 6.490% | $7,674 | #49 |
| Washington | 137 | 6.490% | $10,713 | #88 |
| Idaho | 3 | 6.990% | $9,684 | — |
| California | 1 | 5.750% | $5,926 | — |
| Colorado | 1 | 6.250% | $4,948 | — |
| Tennessee | 1 | 6.250% | $6,977 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,909 | 6.500% | — | 3 | −$3,428 | |
| 2 | $5,438 | 6.750% | — | 2 | −$2,899 | |
| 3 | $5,978 | 6.490% | — | 2 | −$2,359 | |
| 4 | $6,300 | 7.250% | — | 1 | −$2,037 | |
| 5 | $6,794 | 6.495% | — | 4 | −$1,543 | |
| 6 | $6,875 | 6.495% | — | 20 | −$1,462 | |
| 7 | $7,020 | 6.499% | — | 2 | −$1,317 | |
| 8 | $7,045 | 6.500% | — | 3 | −$1,292 | |
| 9 | $7,573 | 6.624% | — | 67 | −$764 | |
| 10 | $7,738 | 6.490% | — | 49 | −$599 | |
| 11 | $7,973 | 6.375% | — | 2 | −$364 | |
| 12 | $8,827 | 6.062% | — | 4 | +$490 | |
| 13 | $10,769 | 6.625% | — | 5 | +$2,432 | |
| 14 | $10,802 | 6.490% | — | 113 | +$2,465 | |
| 15 | $10,898 | 6.750% | — | 7 | +$2,561 | |
| 16 | $11,198 | 6.500% | — | 2 | +$2,861 | |
| 17 | $11,572 | 6.250% | — | 3 | +$3,235 | |
| 18 | $12,139 | 6.125% | — | 5 | +$3,802 | |
| 19 | $14,866 | 6.625% | — | 7 | +$6,529 | |
| 20 | $18,193 | 5.750% | — | 1 | +$9,856 |
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 | Summit Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $425,000 | $335,000 | +$90,000 (+26.9%) |
| Median total closing costs | $8,337 | $7,127 | +$1,210 (+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.