Purchase Originations
232
Median Total Costs
$5,454
−18.4% vs national ($6,680)
↓ $462 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,200
Median Lender Credits
$300
Denial Rate
9.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 167 | 6.375% | $5,011 | $1,200 |
| fha | 34 | 5.995% | $12,794 | $1,200 |
| va | 31 | 5.990% | $6,297 | $1,200 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 191 | 6.250% | $5,395 | #85 |
| Maryland | 21 | 6.250% | $6,158 | — |
| District of Columbia | 5 | 6.375% | $7,433 | — |
| North Carolina | 4 | 6.370% | $6,427 | — |
| Colorado | 2 | 5.250% | $10,774 | — |
| Florida | 2 | 6.438% | $5,533 | — |
| California | 1 | 6.250% | $4,626 | — |
| Georgia | 1 | 6.250% | $11,403 | — |
| New Hampshire | 1 | 6.250% | $4,738 | — |
| New York | 1 | 6.250% | $3,896 | — |
| Ohio | 1 | 6.000% | $3,475 | — |
| Pennsylvania | 1 | 6.875% | $5,411 | — |
| West Virginia | 1 | 6.500% | $4,278 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,232 | 6.490% | — | 3 | −$1,222 | |
| 2 | $4,488 | 6.375% | — | 3 | −$966 | |
| 3 | $4,876 | 6.000% | — | 3 | −$578 | |
| 4 | $4,942 | 6.625% | — | 3 | −$512 | |
| 5 | $5,024 | 6.250% | — | 3 | −$430 | |
| 6 | $5,131 | 6.125% | — | 3 | −$323 | |
| 7 | $5,232 | 6.375% | — | 5 | −$222 | |
| 8 | $5,289 | 6.375% | — | 22 | −$165 | |
| 9 | $5,338 | 6.490% | — | 9 | −$116 | |
| 10 | $5,450 | 6.312% | — | 12 | −$4 | |
| 11 | $5,679 | 6.250% | — | 21 | +$225 | |
| 12 | $5,762 | 6.250% | — | 7 | +$308 | |
| 13 | $5,854 | 6.250% | — | 59 | +$400 | |
| 14 | $5,870 | 6.490% | — | 13 | +$416 | |
| 15 | $6,452 | 6.125% | — | 10 | +$998 | |
| 16 | $6,545 | 6.250% | — | 4 | +$1,091 | |
| 17 | $6,884 | 6.125% | — | 3 | +$1,430 | |
| 18 | $7,433 | 6.375% | — | 5 | +$1,979 | |
| 19 | $7,891 | 6.125% | — | 3 | +$2,437 | |
| 20 | $11,520 | 6.058% | — | 4 | +$6,066 |
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 | The Freedom Bank of Virginia | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $495,000 | $335,000 | +$160,000 (+47.8%) |
| Median total closing costs | $5,454 | $7,127 | −$1,673 (−23.5%) |
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.