Purchase Originations
268
Median Total Costs
$14,425
+115.9% vs national ($6,680)
↑ $1,379 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$7,019
Median Lender Credits
$90
Denial Rate
1.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 176 | 6.250% | $10,164 | $6,712 |
| fha | 75 | 6.250% | $17,235 | $7,384 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Utah | 200 | 6.188% | $15,846 | #36 |
| Idaho | 62 | 6.250% | $10,267 | #61 |
| Arizona | 2 | 7.058% | $6,319 | — |
| Colorado | 1 | 6.490% | $10,852 | — |
| Florida | 1 | 7.125% | $3,444 | — |
| North Carolina | 1 | 6.000% | $12,819 | — |
| New Jersey | 1 | 6.500% | $7,685 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,444 | 7.125% | — | 1 | −$10,981 | |
| 2 | $3,939 | 6.688% | — | 2 | −$10,486 | |
| 3 | $5,273 | 7.125% | — | 1 | −$9,152 | |
| 4 | $7,365 | 6.990% | — | 1 | −$7,060 | |
| 5 | $7,685 | 6.500% | — | 1 | −$6,740 | |
| 6 | $8,539 | 6.312% | — | 2 | −$5,886 | |
| 7 | $9,336 | 6.750% | — | 2 | −$5,089 | |
| 8 | $10,236 | 6.250% | — | 51 | −$4,189 | |
| 9 | $10,670 | 5.938% | — | 2 | −$3,755 | |
| 10 | $10,852 | 6.490% | — | 1 | −$3,573 | |
| 11 | $12,871 | 6.375% | — | 54 | −$1,554 | |
| 12 | $13,352 | 6.375% | — | 17 | −$1,073 | |
| 13 | $14,554 | 6.312% | — | 2 | +$129 | |
| 14 | $14,816 | 6.125% | — | 1 | +$391 | |
| 15 | $16,006 | 7.375% | — | 1 | +$1,581 | |
| 16 | $16,478 | 6.188% | — | 34 | +$2,053 | |
| 17 | $16,579 | 6.375% | — | 47 | +$2,154 | |
| 18 | $17,260 | 5.625% | — | 42 | +$2,835 | |
| 19 | $19,331 | 6.990% | — | 1 | +$4,906 | |
| 20 | $22,229 | 5.812% | — | 2 | +$7,804 |
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 | Veritas Funding, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $420,000 | $335,000 | +$85,000 (+25.4%) |
| Median total closing costs | $14,425 | $7,127 | +$7,298 (+102.4%) |
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.