Purchase Originations
963
Ranked #389 nationally
Median Total Costs
$5,271
−21.1% vs national ($6,680)
↑ $279 vs prior year
Median Rate
5.875%
−9.5% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,395
Median Lender Credits
$45
Cost Rank (500+ vol.)
#219
among lenders with 500+ originations
Denial Rate
9.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 931 | 5.875% | $5,217 | $1,395 |
| fha | 24 | 5.990% | $13,821 | $1,395 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 387 | 5.750% | $5,454 | #42 |
| New York | 351 | 5.750% | $5,065 | #62 |
| Florida | 165 | 6.000% | $5,136 | #178 |
| Alabama | 24 | 6.124% | $4,465 | — |
| Pennsylvania | 12 | 6.438% | $5,695 | — |
| North Carolina | 6 | 6.500% | $5,037 | — |
| California | 3 | 6.500% | $18,975 | — |
| South Carolina | 3 | 6.375% | $3,626 | — |
| Connecticut | 2 | 6.250% | $11,357 | — |
| Georgia | 2 | 6.308% | $7,331 | — |
| Delaware | 1 | 6.250% | $5,001 | — |
| Kentucky | 1 | 6.500% | $5,276 | — |
| Massachusetts | 1 | 6.000% | $4,957 | — |
| Mississippi | 1 | 5.990% | $1,509 | — |
| Tennessee | 1 | 5.750% | $5,682 | — |
| Texas | 1 | 6.500% | $6,014 | — |
| Virginia | 1 | 6.375% | $5,996 | — |
| West Virginia | 1 | 6.875% | $5,122 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,666 | 5.625% | — | 45 | −$1,605 | |
| 2 | $3,702 | 5.938% | — | 46 | −$1,569 | |
| 3 | $4,254 | 5.750% | — | 13 | −$1,017 | |
| 4 | $4,409 | 6.188% | — | 12 | −$862 | |
| 5 | $4,543 | 5.750% | — | 75 | −$728 | |
| 6 | $4,901 | 5.750% | — | 15 | −$370 | |
| 7 | $5,007 | 5.750% | — | 43 | −$264 | |
| 8 | $5,059 | 5.750% | — | 65 | −$212 | |
| 9 | $5,218 | 6.750% | — | 11 | −$53 | |
| 10 | $5,338 | 5.750% | — | 66 | +$67 | |
| 11 | $5,460 | 5.750% | — | 95 | +$189 | |
| 12 | $5,513 | 5.750% | — | 40 | +$242 | |
| 13 | $5,579 | 6.000% | — | 30 | +$308 | |
| 14 | $5,646 | 5.875% | — | 23 | +$375 | |
| 15 | $5,767 | 5.750% | — | 59 | +$496 | |
| 16 | $5,900 | 5.750% | — | 31 | +$629 | |
| 17 | $6,206 | 5.812% | — | 18 | +$935 | |
| 18 | $6,949 | 6.000% | — | 43 | +$1,678 | |
| 19 | $9,420 | 6.250% | — | 18 | +$4,149 | |
| 20 | $10,859 | 5.875% | — | 22 | +$5,588 |
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 | Valley National Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $5,271 | $7,127 | −$1,856 (−26.0%) |
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.