Purchase Originations
234
Median Total Costs
$5,026
−24.8% vs national ($6,680)
↓ $903 vs prior year
Median Rate
5.875%
−9.5% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$1,675
Median Lender Credits
$545
Denial Rate
12.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 234 | 5.875% | $5,026 | $1,675 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 165 | 6.000% | $5,019 | #74 |
| Virginia | 19 | 5.750% | $4,868 | — |
| Pennsylvania | 12 | 5.438% | $5,699 | — |
| South Carolina | 5 | 5.500% | $5,717 | — |
| Florida | 4 | 5.562% | $5,536 | — |
| Texas | 4 | 6.188% | $5,134 | — |
| Georgia | 3 | 6.375% | $4,534 | — |
| North Carolina | 3 | 5.125% | $4,161 | — |
| California | 2 | 6.188% | $7,855 | — |
| Colorado | 2 | 5.375% | $4,912 | — |
| District of Columbia | 2 | 5.812% | $7,282 | — |
| Delaware | 2 | 6.000% | $4,252 | — |
| New Jersey | 2 | 5.625% | $6,907 | — |
| Tennessee | 2 | 5.625% | $5,441 | — |
| Indiana | 1 | 6.250% | $3,372 | — |
| Kentucky | 1 | 5.375% | $5,442 | — |
| Massachusetts | 1 | 5.875% | $6,735 | — |
| Mississippi | 1 | 5.500% | $3,704 | — |
| New Hampshire | 1 | 6.375% | $3,534 | — |
| New Mexico | 1 | 5.625% | $8,601 | — |
| Wisconsin | 1 | 5.250% | $2,818 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,252 | 6.000% | — | 2 | −$774 | |
| 2 | $4,302 | 5.750% | — | 3 | −$724 | |
| 3 | $4,721 | 6.125% | — | 9 | −$305 | |
| 4 | $4,755 | 6.188% | — | 2 | −$271 | |
| 5 | $4,812 | 5.750% | — | 15 | −$214 | |
| 6 | $4,817 | 5.750% | — | 15 | −$209 | |
| 7 | $4,892 | 6.125% | — | 48 | −$134 | |
| 8 | $4,941 | 6.125% | — | 2 | −$85 | |
| 9 | $4,988 | 6.125% | — | 16 | −$38 | |
| 10 | $4,990 | 6.250% | — | 3 | −$36 | |
| 11 | $5,105 | 5.875% | — | 3 | +$79 | |
| 12 | $5,156 | 5.375% | — | 3 | +$130 | |
| 13 | $5,246 | 5.875% | — | 13 | +$220 | |
| 14 | $5,354 | 6.000% | — | 30 | +$328 | |
| 15 | $5,373 | 5.125% | — | 2 | +$347 | |
| 16 | $5,378 | 6.375% | — | 8 | +$352 | |
| 17 | $5,699 | 5.750% | — | 4 | +$673 | |
| 18 | $6,323 | 5.375% | — | 2 | +$1,297 | |
| 19 | $7,282 | 5.812% | — | 2 | +$2,256 | |
| 20 | $9,762 | 6.625% | — | 1 | +$4,736 |
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 | TOWER Federal Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $405,000 | $335,000 | +$70,000 (+20.9%) |
| Median total closing costs | $5,026 | $7,127 | −$2,101 (−29.5%) |
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.