Purchase Originations
353
Median Total Costs
$5,785
−13.4% vs national ($6,680)
↓ $42 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$995
Median Lender Credits
$1,080
Denial Rate
14.1%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 317 | 6.500% | $5,534 | $995 |
| fha | 25 | 6.250% | $13,651 | $2,137 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Washington | 244 | 6.500% | $5,496 | #53 |
| Oregon | 57 | 6.375% | $6,560 | #97 |
| Idaho | 33 | 6.625% | $7,819 | — |
| Arizona | 6 | 6.750% | $5,513 | — |
| Michigan | 2 | 6.750% | $3,496 | — |
| New Mexico | 2 | 6.500% | $4,217 | — |
| California | 1 | 7.250% | $10,679 | — |
| Colorado | 1 | 6.500% | $5,501 | — |
| Florida | 1 | 6.500% | $2,518 | — |
| Louisiana | 1 | 6.500% | $6,302 | — |
| Missouri | 1 | 6.375% | $3,145 | — |
| North Carolina | 1 | 6.875% | $5,329 | — |
| Nevada | 1 | 6.625% | $6,487 | — |
| Texas | 1 | 6.000% | $7,310 | — |
| Wisconsin | 1 | 6.750% | $6,127 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,687 | 6.562% | — | 18 | −$2,098 | |
| 2 | $4,258 | 6.750% | — | 11 | −$1,527 | |
| 3 | $4,891 | 6.625% | — | 102 | −$894 | |
| 4 | $5,263 | 6.500% | — | 7 | −$522 | |
| 5 | $5,394 | 6.125% | — | 5 | −$391 | |
| 6 | $5,486 | 6.250% | — | 21 | −$299 | |
| 7 | $5,513 | 6.750% | — | 6 | −$272 | |
| 8 | $6,142 | 6.375% | — | 48 | +$357 | |
| 9 | $6,402 | 6.750% | — | 6 | +$617 | |
| 10 | $6,444 | 6.500% | — | 15 | +$659 | |
| 11 | $6,689 | 6.312% | — | 8 | +$904 | |
| 12 | $7,265 | 6.500% | — | 3 | +$1,480 | |
| 13 | $7,316 | 6.438% | — | 18 | +$1,531 | |
| 14 | $7,510 | 6.062% | — | 12 | +$1,725 | |
| 15 | $7,510 | 6.312% | — | 4 | +$1,725 | |
| 16 | $7,819 | 6.875% | — | 9 | +$2,034 | |
| 17 | $8,402 | 6.375% | — | 5 | +$2,617 | |
| 18 | $8,650 | 6.375% | — | 4 | +$2,865 | |
| 19 | $8,720 | 6.625% | — | 7 | +$2,935 | |
| 20 | $9,450 | 6.875% | — | 5 | +$3,665 |
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 | Washington Trust Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $455,000 | $335,000 | +$120,000 (+35.8%) |
| Median total closing costs | $5,785 | $7,127 | −$1,342 (−18.8%) |
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.