Purchase Originations
133
Median Total Costs
$16,154
+141.8% vs national ($6,680)
Median Rate
7.375%
+13.6% vs national (6.490%)
Median Origination
$10,155
Median Lender Credits
$4,263
Denial Rate
22.5%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 133 | 7.375% | $16,154 | $10,155 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 59 | 7.250% | $18,219 | #248 |
| Florida | 20 | 7.375% | $16,154 | — |
| New Jersey | 13 | 7.625% | $11,296 | — |
| Texas | 9 | 7.875% | $13,052 | — |
| Georgia | 6 | 7.750% | $16,206 | — |
| Utah | 6 | 7.312% | $29,161 | — |
| Minnesota | 4 | 7.625% | $13,462 | — |
| Arizona | 3 | 6.875% | $21,071 | — |
| Colorado | 2 | 6.812% | $11,029 | — |
| South Carolina | 2 | 7.250% | $12,442 | — |
| Alabama | 1 | 7.375% | $10,636 | — |
| Illinois | 1 | 7.750% | $12,874 | — |
| Maryland | 1 | 7.125% | $5,356 | — |
| Mississippi | 1 | 7.375% | $10,453 | — |
| Montana | 1 | 7.375% | $16,450 | — |
| Oregon | 1 | 6.875% | $21,331 | — |
| Pennsylvania | 1 | 9.000% | $9,547 | — |
| Tennessee | 1 | 8.250% | $10,083 | — |
| Washington | 1 | 6.875% | $23,559 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $10,080 | 7.312% | — | 2 | −$6,074 | |
| 2 | $10,258 | 7.375% | — | 7 | −$5,896 | |
| 3 | $10,660 | 7.125% | — | 2 | −$5,494 | |
| 4 | $12,808 | 6.625% | — | 2 | −$3,346 | |
| 5 | $13,462 | 7.437% | — | 2 | −$2,692 | |
| 6 | $13,798 | 7.500% | — | 2 | −$2,356 | |
| 7 | $13,833 | 8.000% | — | 2 | −$2,321 | |
| 8 | $15,710 | 6.875% | — | 3 | −$444 | |
| 9 | $15,906 | 7.374% | — | 2 | −$248 | |
| 10 | $17,711 | 7.062% | — | 2 | +$1,557 | |
| 11 | $17,721 | 7.500% | — | 4 | +$1,567 | |
| 12 | $17,920 | 7.250% | — | 15 | +$1,766 | |
| 13 | $17,934 | 7.750% | — | 4 | +$1,780 | |
| 14 | $18,788 | 7.500% | — | 3 | +$2,634 | |
| 15 | $19,748 | 7.250% | — | 31 | +$3,594 | |
| 16 | $19,971 | 7.062% | — | 2 | +$3,817 | |
| 17 | $20,105 | 7.750% | — | 2 | +$3,951 | |
| 18 | $23,083 | 7.875% | — | 3 | +$6,929 | |
| 19 | $23,737 | 7.562% | — | 2 | +$7,583 | |
| 20 | $25,806 | 7.000% | — | 3 | +$9,652 |
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 | VERUS RESIDENTIAL LOANCO, LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $535,000 | $335,000 | +$200,000 (+59.7%) |
| Median total closing costs | $16,154 | $7,127 | +$9,027 (+126.7%) |
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.