Purchase Originations
10,741
Ranked #38 nationally
Median Total Costs
$7,199
+7.8% vs national ($6,680)
↑ $200 vs prior year
Median Rate
6.375%
−1.8% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$3,106
Median Lender Credits
$150
Cost Rank (500+ vol.)
#384
among lenders with 500+ originations
Denial Rate
42.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 7,177 | 7.250% | $6,131 | $3,558 |
| fha | 2,421 | 5.625% | $11,295 | $2,675 |
| va | 1,074 | 5.750% | $5,029 | $0 |
| usda | 69 | 5.490% | $7,099 | $1,495 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Carolina | 1,659 | 6.125% | $6,101 | #8 |
| North Carolina | 1,585 | 6.250% | $7,565 | #16 |
| Georgia | 1,459 | 6.250% | $7,646 | #14 |
| Indiana | 1,343 | 5.750% | $8,395 | #11 |
| Tennessee | 836 | 7.750% | $6,870 | #19 |
| Florida | 631 | 5.250% | $8,690 | #74 |
| Kentucky | 599 | 8.500% | $6,520 | #16 |
| Alabama | 587 | 6.990% | $6,472 | #21 |
| Ohio | 472 | 5.990% | $8,703 | #57 |
| Virginia | 292 | 8.250% | $7,674 | #62 |
| Texas | 234 | 9.250% | $7,128 | #184 |
| Missouri | 193 | 6.625% | $5,218 | #60 |
| West Virginia | 152 | 9.125% | $6,885 | #23 |
| Arkansas | 148 | 9.990% | $6,732 | #51 |
| Louisiana | 119 | 9.500% | $6,500 | #54 |
| Oklahoma | 84 | 9.375% | $6,052 | #77 |
| Mississippi | 66 | 10.120% | $5,871 | #56 |
| Kansas | 65 | 6.490% | $3,801 | #86 |
| Illinois | 62 | 8.990% | $6,106 | #179 |
| Arizona | 40 | 8.500% | $9,489 | — |
| New Mexico | 36 | 8.750% | $7,760 | — |
| Pennsylvania | 19 | 7.990% | $6,134 | — |
| Idaho | 15 | 6.625% | $6,096 | — |
| California | 9 | 8.250% | $10,760 | — |
| Michigan | 9 | 9.250% | $6,371 | — |
| Delaware | 5 | 8.750% | $9,271 | — |
| Nevada | 5 | 8.500% | $9,866 | — |
| Colorado | 4 | 8.000% | $10,960 | — |
| Maryland | 4 | 6.995% | $10,479 | — |
| New Jersey | 3 | 6.250% | $5,191 | — |
| Wyoming | 3 | 10.500% | $6,707 | — |
| Iowa | 1 | 6.625% | $3,949 | — |
| South Dakota | 1 | 5.750% | $6,583 | — |
| Utah | 1 | 9.990% | $5,870 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,996 | 6.062% | — | 170 | −$2,203 | |
| 2 | $6,149 | 6.125% | — | 330 | −$1,050 | |
| 3 | $6,370 | 5.875% | — | 149 | −$829 | |
| 4 | $6,387 | 6.490% | — | 110 | −$812 | |
| 5 | $7,643 | 5.625% | — | 266 | +$444 | |
| 6 | $7,661 | 5.875% | — | 91 | +$462 | |
| 7 | $7,902 | 6.062% | — | 234 | +$703 | |
| 8 | $7,978 | 5.875% | — | 256 | +$779 | |
| 9 | $8,015 | 5.990% | — | 269 | +$816 | |
| 10 | $8,092 | 5.490% | — | 116 | +$893 | |
| 11 | $8,265 | 5.990% | — | 154 | +$1,066 | |
| 12 | $8,279 | 5.750% | — | 200 | +$1,080 | |
| 13 | $8,704 | 6.375% | — | 94 | +$1,505 | |
| 14 | $8,774 | 4.990% | — | 249 | +$1,575 | |
| 15 | $8,932 | 5.490% | — | 87 | +$1,733 | |
| 16 | $8,942 | 5.875% | — | 146 | +$1,743 | |
| 17 | $8,966 | 5.312% | — | 106 | +$1,767 | |
| 18 | $8,971 | 5.750% | — | 239 | +$1,772 | |
| 19 | $9,366 | 5.875% | — | 179 | +$2,167 | |
| 20 | $10,422 | 5.990% | — | 94 | +$3,223 |
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 | Vanderbilt Mortgage And Finance, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $7,199 | $7,127 | +$72 (+1.0%) |
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.