Purchase Originations
119
Median Total Costs
$5,134
−23.1% vs national ($6,680)
Median Rate
6.490%
+0.0% vs national (6.490%)
Median Origination
$2,390
Median Lender Credits
$67
Denial Rate
3.9%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 88 | 6.625% | $4,678 | $2,597 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,938 | 6.250% | — | 1 | −$3,196 | |
| 2 | $3,665 | 5.990% | — | 3 | −$1,469 | |
| 3 | $4,775 | 6.750% | — | 43 | −$359 | |
| 4 | $4,970 | 5.990% | — | 1 | −$164 | |
| 5 | $5,100 | 6.125% | — | 8 | −$34 | |
| 6 | $5,113 | 6.499% | — | 4 | −$21 | |
| 7 | $5,135 | 6.250% | — | 1 | +$1 | |
| 8 | $5,146 | 6.125% | — | 1 | +$12 | |
| 9 | $5,377 | 6.495% | — | 24 | +$243 | |
| 10 | $5,435 | 6.490% | — | 7 | +$301 | |
| 11 | $5,631 | 6.370% | — | 4 | +$497 | |
| 12 | $5,698 | 6.490% | — | 3 | +$564 | |
| 13 | $5,859 | 6.245% | — | 6 | +$725 | |
| 14 | $5,945 | 6.750% | — | 1 | +$811 | |
| 15 | $6,575 | 6.250% | — | 1 | +$1,441 | |
| 16 | $6,942 | 5.990% | — | 1 | +$1,808 | |
| 17 | $6,948 | 5.990% | — | 1 | +$1,814 | |
| 18 | $9,668 | 6.875% | — | 1 | +$4,534 | |
| 19 | $9,940 | 6.375% | — | 1 | +$4,806 | |
| 20 | $10,435 | 5.875% | — | 1 | +$5,301 |
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 LOCAL LENDER, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $285,000 | $335,000 | −$50,000 (−14.9%) |
| Median total closing costs | $5,134 | $7,127 | −$1,993 (−28.0%) |
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.