Purchase Originations
1,264
Ranked #313 nationally
Median Total Costs
$7,587
+13.6% vs national ($6,680)
↑ $306 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,675
Median Lender Credits
$134
Cost Rank (500+ vol.)
#412
among lenders with 500+ originations
Denial Rate
1.8%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 891 | 6.625% | $6,534 | $1,675 |
| fha | 236 | 6.625% | $13,548 | $2,313 |
| va | 134 | 6.250% | $11,110 | $1,595 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 432 | 6.625% | $8,395 | #31 |
| Virginia | 324 | 6.500% | $8,482 | #57 |
| California | 282 | 6.625% | $7,086 | #116 |
| District of Columbia | 104 | 6.490% | $7,402 | #12 |
| Texas | 51 | 6.500% | $7,205 | #343 |
| Florida | 14 | 6.750% | $7,783 | — |
| West Virginia | 14 | 6.625% | $9,981 | — |
| North Carolina | 6 | 6.562% | $6,393 | — |
| Delaware | 5 | 6.750% | $6,626 | — |
| Oregon | 5 | 7.250% | $5,017 | — |
| Tennessee | 5 | 7.250% | $4,473 | — |
| Massachusetts | 4 | 6.000% | $6,275 | — |
| New Jersey | 4 | 6.250% | $6,671 | — |
| South Carolina | 4 | 6.870% | $6,093 | — |
| Arizona | 3 | 6.500% | $7,098 | — |
| Georgia | 3 | 6.875% | $8,650 | — |
| Pennsylvania | 3 | 6.750% | $5,437 | — |
| Idaho | 1 | 7.125% | $4,991 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,088 | 6.558% | — | 16 | −$1,499 | |
| 2 | $6,249 | 6.625% | — | 119 | −$1,338 | |
| 3 | $6,732 | 6.625% | — | 42 | −$855 | |
| 4 | $7,094 | 6.750% | — | 132 | −$493 | |
| 5 | $7,402 | 6.490% | — | 104 | −$185 | |
| 6 | $7,402 | 6.625% | — | 91 | −$185 | |
| 7 | $7,495 | 6.562% | — | 56 | −$92 | |
| 8 | $7,542 | 6.500% | — | 96 | −$45 | |
| 9 | $7,770 | 6.625% | — | 25 | +$183 | |
| 10 | $8,036 | 6.625% | — | 15 | +$449 | |
| 11 | $8,244 | 6.250% | — | 18 | +$657 | |
| 12 | $8,352 | 6.688% | — | 20 | +$765 | |
| 13 | $8,582 | 6.625% | — | 25 | +$995 | |
| 14 | $8,704 | 6.500% | — | 13 | +$1,117 | |
| 15 | $9,243 | 6.624% | — | 55 | +$1,656 | |
| 16 | $10,247 | 6.250% | — | 20 | +$2,660 | |
| 17 | $10,258 | 6.490% | — | 27 | +$2,671 | |
| 18 | $10,944 | 6.625% | — | 70 | +$3,357 | |
| 19 | $13,990 | 6.625% | — | 17 | +$6,403 | |
| 20 | $14,563 | 6.500% | — | 14 | +$6,976 |
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 | Vellum Mortgage, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $475,000 | $335,000 | +$140,000 (+41.8%) |
| Median total closing costs | $7,587 | $7,127 | +$460 (+6.5%) |
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.