Purchase Originations
294
Median Total Costs
$6,350
−4.9% vs national ($6,680)
↓ $338 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,499
Median Lender Credits
$1,152
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 253 | 6.624% | $6,073 | $1,499 |
| va | 25 | 6.125% | $13,368 | $1,499 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 98 | 6.500% | $6,608 | #202 |
| Texas | 74 | 6.625% | $6,683 | #309 |
| Maryland | 16 | 6.625% | $8,475 | — |
| Virginia | 15 | 6.625% | $6,398 | — |
| Florida | 12 | 6.245% | $6,667 | — |
| Arizona | 11 | 6.125% | $5,360 | — |
| Washington | 10 | 6.375% | $4,870 | — |
| District of Columbia | 8 | 6.438% | $8,712 | — |
| New Jersey | 6 | 6.250% | $7,423 | — |
| Nevada | 6 | 6.688% | $5,523 | — |
| North Carolina | 5 | 6.000% | $3,909 | — |
| South Carolina | 4 | 6.499% | $4,735 | — |
| Georgia | 3 | 5.990% | $4,602 | — |
| Oregon | 3 | 6.500% | $15,418 | — |
| Colorado | 2 | 6.683% | $3,263 | — |
| Connecticut | 2 | 6.058% | $5,221 | — |
| Michigan | 2 | 5.688% | $8,274 | — |
| Minnesota | 2 | 5.750% | $4,234 | — |
| New Mexico | 2 | 6.183% | $4,200 | — |
| Pennsylvania | 2 | 6.562% | $7,954 | — |
| Tennessee | 2 | 6.308% | $2,630 | — |
| Utah | 2 | 6.625% | $4,905 | — |
| Idaho | 1 | 6.875% | $4,144 | — |
| Illinois | 1 | 7.000% | $16,716 | — |
| Massachusetts | 1 | 5.875% | $16,336 | — |
| Maine | 1 | 6.500% | $3,494 | — |
| Mississippi | 1 | 5.875% | $7,207 | — |
| Ohio | 1 | 6.500% | $3,888 | — |
| Wyoming | 1 | 6.490% | $4,385 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,456 | 6.500% | — | 6 | −$1,894 | |
| 2 | $4,896 | 6.375% | — | 5 | −$1,454 | |
| 3 | $4,966 | 6.750% | — | 7 | −$1,384 | |
| 4 | $5,495 | 6.125% | — | 9 | −$855 | |
| 5 | $5,770 | 6.938% | — | 4 | −$580 | |
| 6 | $5,777 | 6.625% | — | 3 | −$573 | |
| 7 | $5,826 | 6.562% | — | 4 | −$524 | |
| 8 | $6,540 | 6.624% | — | 18 | +$190 | |
| 9 | $6,711 | 6.625% | — | 5 | +$361 | |
| 10 | $7,231 | 6.375% | — | 9 | +$881 | |
| 11 | $7,353 | 6.562% | — | 16 | +$1,003 | |
| 12 | $7,412 | 6.750% | — | 16 | +$1,062 | |
| 13 | $7,495 | 6.625% | — | 29 | +$1,145 | |
| 14 | $7,861 | 6.500% | — | 17 | +$1,511 | |
| 15 | $8,153 | 6.688% | — | 4 | +$1,803 | |
| 16 | $8,162 | 6.562% | — | 6 | +$1,812 | |
| 17 | $8,712 | 6.438% | — | 8 | +$2,362 | |
| 18 | $10,794 | 6.625% | — | 3 | +$4,444 | |
| 19 | $13,335 | 6.750% | — | 4 | +$6,985 | |
| 20 | $14,639 | 6.000% | — | 4 | +$8,289 |
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 | Watermark Capital, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $475,000 | $335,000 | +$140,000 (+41.8%) |
| Median total closing costs | $6,350 | $7,127 | −$777 (−10.9%) |
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.