Purchase Originations
113
Median Total Costs
$3,248
−51.4% vs national ($6,680)
↑ $310 vs prior year
Median Rate
6.125%
−5.6% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$715
Median Lender Credits
$24
Denial Rate
4.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 112 | 6.125% | $3,232 | $715 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,444 | 5.500% | — | 1 | −$804 | |
| 2 | $2,714 | 5.990% | — | 1 | −$534 | |
| 3 | $2,906 | 6.625% | — | 1 | −$342 | |
| 4 | $2,952 | 6.125% | — | 25 | −$296 | |
| 5 | $3,034 | 6.740% | — | 1 | −$214 | |
| 6 | $3,176 | 6.625% | — | 3 | −$72 | |
| 7 | $3,179 | 5.812% | — | 2 | −$69 | |
| 8 | $3,194 | 5.875% | — | 1 | −$54 | |
| 9 | $3,203 | 6.000% | — | 7 | −$45 | |
| 10 | $3,227 | 6.433% | — | 2 | −$21 | |
| 11 | $3,270 | 6.062% | — | 8 | +$22 | |
| 12 | $3,281 | 5.875% | — | 1 | +$33 | |
| 13 | $3,288 | 6.240% | — | 42 | +$40 | |
| 14 | $3,299 | 6.000% | — | 1 | +$51 | |
| 15 | $3,487 | 6.250% | — | 5 | +$239 | |
| 16 | $3,520 | 6.125% | — | 1 | +$272 | |
| 17 | $3,790 | 6.125% | — | 1 | +$542 | |
| 18 | $4,026 | 6.125% | — | 1 | +$778 | |
| 19 | $4,188 | 5.875% | — | 1 | +$940 | |
| 20 | $5,888 | 5.990% | — | 7 | +$2,640 |
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 | Verve, A Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $3,248 | $7,127 | −$3,879 (−54.4%) |
Other high-volume lenders side-by-side.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.