Purchase Originations
330
Median Total Costs
$5,391
−19.3% vs national ($6,680)
↑ $455 vs prior year
Median Rate
5.875%
−9.5% vs national (6.490%)
↓ 0.500% vs prior year
Median Origination
$1,025
Median Lender Credits
$875
Denial Rate
4.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 323 | 5.875% | $5,378 | $1,025 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 187 | 6.000% | $4,834 | #91 |
| California | 84 | 5.750% | $7,209 | #216 |
| Florida | 14 | 5.938% | $6,680 | — |
| Texas | 7 | 5.750% | $6,985 | — |
| North Carolina | 6 | 5.875% | $4,934 | — |
| Washington | 5 | 5.875% | $6,687 | — |
| New Jersey | 4 | 6.250% | $4,986 | — |
| Pennsylvania | 4 | 6.375% | $4,782 | — |
| Maryland | 3 | 5.875% | $5,170 | — |
| Virginia | 3 | 5.625% | $6,703 | — |
| Massachusetts | 2 | 5.688% | $6,384 | — |
| Tennessee | 2 | 5.562% | $5,774 | — |
| Alabama | 1 | 5.875% | $3,628 | — |
| Arizona | 1 | 5.500% | $6,899 | — |
| Colorado | 1 | 5.750% | $4,118 | — |
| Connecticut | 1 | 6.000% | $4,511 | — |
| Delaware | 1 | 6.250% | $5,656 | — |
| Georgia | 1 | 5.875% | $8,068 | — |
| Hawaii | 1 | 5.625% | $14,363 | — |
| Nevada | 1 | 6.125% | $7,406 | — |
| South Carolina | 1 | 5.625% | $5,021 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,954 | 6.188% | — | 2 | −$1,437 | |
| 2 | $4,114 | 6.000% | — | 4 | −$1,277 | |
| 3 | $4,470 | 6.188% | — | 2 | −$921 | |
| 4 | $4,834 | 6.000% | — | 125 | −$557 | |
| 5 | $4,861 | 5.875% | — | 33 | −$530 | |
| 6 | $5,114 | 5.875% | — | 12 | −$277 | |
| 7 | $5,308 | 5.875% | — | 11 | −$83 | |
| 8 | $5,336 | 6.250% | — | 2 | −$55 | |
| 9 | $6,246 | 5.812% | — | 6 | +$855 | |
| 10 | $6,463 | 5.688% | — | 4 | +$1,072 | |
| 11 | $6,562 | 5.938% | — | 4 | +$1,171 | |
| 12 | $6,764 | 5.812% | — | 2 | +$1,373 | |
| 13 | $7,010 | 5.750% | — | 6 | +$1,619 | |
| 14 | $7,240 | 5.812% | — | 4 | +$1,849 | |
| 15 | $7,368 | 5.812% | — | 12 | +$1,977 | |
| 16 | $7,558 | 5.750% | — | 6 | +$2,167 | |
| 17 | $7,775 | 5.750% | — | 12 | +$2,384 | |
| 18 | $7,876 | 5.688% | — | 2 | +$2,485 | |
| 19 | $8,233 | 5.625% | — | 21 | +$2,842 | |
| 20 | $8,631 | 5.750% | — | 3 | +$3,240 |
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 | Teachers Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $565,000 | $335,000 | +$230,000 (+68.7%) |
| Median total closing costs | $5,391 | $7,127 | −$1,736 (−24.4%) |
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.