Purchase Originations
303
Median Total Costs
$6,574
−1.6% vs national ($6,680)
↓ $142 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,068
Median Lender Credits
$63
Denial Rate
2.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 303 | 6.500% | $6,574 | $1,068 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 196 | 6.500% | $7,104 | #88 |
| New Jersey | 56 | 6.500% | $6,356 | #148 |
| California | 48 | 6.500% | $6,014 | — |
| Texas | 2 | 5.938% | $5,113 | — |
| Florida | 1 | 6.500% | $7,693 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,853 | 7.125% | — | 3 | −$2,721 | |
| 2 | $4,393 | 6.938% | — | 4 | −$2,181 | |
| 3 | $5,481 | 6.000% | — | 7 | −$1,093 | |
| 4 | $5,546 | 6.000% | — | 5 | −$1,028 | |
| 5 | $5,560 | 6.500% | — | 11 | −$1,014 | |
| 6 | $5,739 | 6.438% | — | 8 | −$835 | |
| 7 | $5,878 | 7.000% | — | 5 | −$696 | |
| 8 | $5,973 | 6.750% | — | 5 | −$601 | |
| 9 | $6,222 | 6.749% | — | 3 | −$352 | |
| 10 | $6,239 | 6.438% | — | 52 | −$335 | |
| 11 | $6,442 | 6.375% | — | 5 | −$132 | |
| 12 | $6,514 | 5.808% | — | 4 | −$60 | |
| 13 | $6,789 | 6.625% | — | 5 | +$215 | |
| 14 | $6,853 | 6.500% | — | 3 | +$279 | |
| 15 | $6,922 | 6.500% | — | 18 | +$348 | |
| 16 | $7,218 | 6.375% | — | 75 | +$644 | |
| 17 | $8,750 | 6.500% | — | 10 | +$2,176 | |
| 18 | $9,597 | 6.375% | — | 21 | +$3,023 | |
| 19 | $9,977 | 6.625% | — | 28 | +$3,403 | |
| 20 | $10,488 | 6.375% | — | 6 | +$3,914 |
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 Bankers Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $535,000 | $335,000 | +$200,000 (+59.7%) |
| Median total closing costs | $6,574 | $7,127 | −$553 (−7.8%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.