Purchase Originations
7,160
Ranked #59 nationally
Median Total Costs
$8,034
+20.3% vs national ($6,680)
↓ $323 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$2,532
Median Lender Credits
$169
Cost Rank (500+ vol.)
#441
among lenders with 500+ originations
Denial Rate
5.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,771 | 6.750% | $5,979 | $2,275 |
| fha | 2,447 | 6.500% | $11,186 | $3,032 |
| va | 810 | 6.500% | $8,621 | $2,230 |
| usda | 132 | 6.433% | $7,404 | $2,703 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,017 | 6.500% | $9,021 | #61 |
| Florida | 650 | 6.750% | $9,876 | #70 |
| North Carolina | 603 | 6.625% | $8,460 | #44 |
| Kentucky | 543 | 6.375% | $7,181 | #19 |
| Ohio | 466 | 6.750% | $6,354 | #59 |
| South Carolina | 406 | 6.750% | $8,346 | #40 |
| Connecticut | 349 | 6.625% | $6,477 | #16 |
| Virginia | 291 | 6.500% | $8,765 | #64 |
| Arkansas | 245 | 6.625% | $7,364 | #28 |
| Oklahoma | 211 | 6.625% | $7,568 | #41 |
| Pennsylvania | 195 | 6.625% | $6,304 | #109 |
| Illinois | 171 | 6.750% | $7,865 | #111 |
| Maryland | 169 | 6.625% | $8,753 | #72 |
| Maine | 159 | 6.625% | $7,020 | #18 |
| Arizona | 157 | 6.500% | $7,291 | #81 |
| Georgia | 157 | 6.625% | $10,012 | #116 |
| Washington | 153 | 6.625% | $12,572 | #77 |
| Colorado | 148 | 6.562% | $9,620 | #89 |
| Louisiana | 128 | 6.625% | $8,376 | #51 |
| Tennessee | 128 | 6.433% | $10,173 | #107 |
| Michigan | 121 | 6.875% | $6,519 | #101 |
| Kansas | 112 | 6.990% | $4,310 | #60 |
| Missouri | 94 | 6.750% | $6,846 | #98 |
| Indiana | 93 | 6.750% | $7,513 | #134 |
| Massachusetts | 71 | 6.625% | $5,385 | #107 |
| Wisconsin | 57 | 6.875% | $4,481 | #127 |
| Mississippi | 35 | 6.750% | $9,077 | — |
| Nebraska | 34 | 6.625% | $5,513 | — |
| Utah | 34 | 6.125% | $13,597 | — |
| Alabama | 22 | 6.250% | $11,854 | — |
| West Virginia | 22 | 6.750% | $9,506 | — |
| California | 19 | 6.625% | $10,767 | — |
| Rhode Island | 16 | 6.625% | $5,798 | — |
| New Hampshire | 14 | 6.625% | $4,806 | — |
| Nevada | 12 | 6.750% | $10,667 | — |
| New Jersey | 11 | 6.875% | $8,688 | — |
| New Mexico | 9 | 6.375% | $4,329 | — |
| Wyoming | 9 | 6.750% | $10,424 | — |
| Minnesota | 8 | 6.438% | $7,377 | — |
| Oregon | 6 | 6.870% | $7,790 | — |
| District of Columbia | 4 | 6.562% | $18,856 | — |
| Delaware | 3 | 6.625% | $6,156 | — |
| Iowa | 3 | 6.875% | $8,035 | — |
| Idaho | 2 | 6.875% | $10,481 | — |
| Montana | 1 | 6.875% | $4,734 | — |
| North Dakota | 1 | 7.375% | $5,807 | — |
| Vermont | 1 | 6.750% | $4,954 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,644 | 7.000% | — | 67 | −$3,390 | |
| 2 | $5,476 | 6.625% | — | 82 | −$2,558 | |
| 3 | $5,597 | 6.750% | — | 63 | −$2,437 | |
| 4 | $5,642 | 6.625% | — | 63 | −$2,392 | |
| 5 | $5,786 | 6.750% | — | 174 | −$2,248 | |
| 6 | $5,914 | 6.500% | — | 91 | −$2,120 | |
| 7 | $6,575 | 6.750% | — | 64 | −$1,459 | |
| 8 | $6,701 | 6.375% | — | 146 | −$1,333 | |
| 9 | $6,834 | 6.625% | — | 63 | −$1,200 | |
| 10 | $6,964 | 6.624% | — | 75 | −$1,070 | |
| 11 | $7,068 | 6.625% | — | 79 | −$966 | |
| 12 | $7,511 | 6.625% | — | 87 | −$523 | |
| 13 | $7,905 | 6.750% | — | 112 | −$129 | |
| 14 | $7,953 | 6.750% | — | 217 | −$81 | |
| 15 | $8,441 | 6.750% | — | 59 | +$407 | |
| 16 | $8,688 | 6.250% | — | 502 | +$654 | |
| 17 | $9,254 | 6.500% | — | 88 | +$1,220 | |
| 18 | $9,680 | 6.750% | — | 118 | +$1,646 | |
| 19 | $9,854 | 6.750% | — | 77 | +$1,820 | |
| 20 | $10,087 | 6.875% | — | 129 | +$2,053 |
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 | T2 Financial LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $8,034 | $7,127 | +$907 (+12.7%) |
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.