Purchase Originations
5,268
Ranked #93 nationally
Median Total Costs
$8,391
+25.6% vs national ($6,680)
↓ $387 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$3,416
Median Lender Credits
$68
Cost Rank (500+ vol.)
#466
among lenders with 500+ originations
Denial Rate
2.4%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,993 | 6.625% | $6,356 | $3,256 |
| fha | 1,539 | 6.375% | $11,524 | $3,608 |
| va | 675 | 6.250% | $10,337 | $3,488 |
| usda | 61 | 6.250% | $8,229 | $3,639 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Mexico | 1,345 | 6.625% | $7,421 | #1 |
| Florida | 641 | 6.625% | $9,549 | #72 |
| Oklahoma | 433 | 6.500% | $8,672 | #18 |
| Texas | 392 | 6.625% | $10,633 | #135 |
| Wisconsin | 320 | 6.625% | $5,544 | #40 |
| Arizona | 298 | 6.375% | $10,494 | #59 |
| Virginia | 291 | 6.625% | $8,707 | #65 |
| Idaho | 210 | 6.125% | $14,497 | #28 |
| Missouri | 206 | 6.375% | $5,152 | #55 |
| Maryland | 153 | 6.375% | $12,045 | #76 |
| Minnesota | 118 | 6.875% | $8,649 | #83 |
| Kansas | 103 | 6.750% | $4,688 | #62 |
| Illinois | 100 | 6.875% | $7,701 | #149 |
| Iowa | 86 | 6.500% | $6,926 | #64 |
| New Hampshire | 79 | 6.875% | $5,924 | #34 |
| Rhode Island | 49 | 6.500% | $11,433 | — |
| West Virginia | 47 | 6.625% | $8,177 | — |
| Tennessee | 42 | 6.750% | $9,385 | — |
| South Carolina | 39 | 6.750% | $9,146 | — |
| North Carolina | 33 | 6.875% | $8,048 | — |
| Pennsylvania | 32 | 6.625% | $7,984 | — |
| Massachusetts | 28 | 6.500% | $9,713 | — |
| Ohio | 26 | 6.750% | $7,903 | — |
| California | 22 | 6.625% | $9,540 | — |
| Georgia | 17 | 6.875% | $9,239 | — |
| Indiana | 15 | 6.750% | $6,080 | — |
| Washington | 14 | 6.312% | $9,827 | — |
| Nebraska | 13 | 6.625% | $8,706 | — |
| Alabama | 11 | 7.250% | $9,019 | — |
| Nevada | 11 | 6.625% | $13,160 | — |
| Colorado | 10 | 6.625% | $8,430 | — |
| Maine | 10 | 6.990% | $4,263 | — |
| Connecticut | 9 | 6.875% | $10,428 | — |
| New Jersey | 8 | 6.375% | $11,974 | — |
| Wyoming | 8 | 6.808% | $6,964 | — |
| Montana | 6 | 6.500% | $9,170 | — |
| Arkansas | 5 | 6.250% | $4,971 | — |
| District of Columbia | 5 | 6.250% | $6,114 | — |
| Michigan | 5 | 6.990% | $7,548 | — |
| Oregon | 5 | 6.875% | $11,216 | — |
| Kentucky | 4 | 6.562% | $8,688 | — |
| South Dakota | 4 | 5.990% | $8,218 | — |
| Utah | 4 | 7.062% | $5,030 | — |
| Louisiana | 3 | 6.875% | $8,089 | — |
| Vermont | 3 | 6.625% | $5,376 | — |
| Mississippi | 2 | 6.312% | $10,209 | — |
| North Dakota | 2 | 6.620% | $13,161 | — |
| Delaware | 1 | 6.500% | $14,475 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,087 | 6.750% | — | 69 | −$4,304 | |
| 2 | $5,462 | 6.250% | — | 123 | −$2,929 | |
| 3 | $5,680 | 6.500% | — | 50 | −$2,711 | |
| 4 | $6,795 | 6.875% | — | 116 | −$1,596 | |
| 5 | $7,048 | 6.625% | — | 713 | −$1,343 | |
| 6 | $7,459 | 6.500% | — | 76 | −$932 | |
| 7 | $7,922 | 6.750% | — | 49 | −$469 | |
| 8 | $7,943 | 6.625% | — | 169 | −$448 | |
| 9 | $7,965 | 6.250% | — | 49 | −$426 | |
| 10 | $8,293 | 6.500% | — | 193 | −$98 | |
| 11 | $8,308 | 6.625% | — | 53 | −$83 | |
| 12 | $9,182 | 6.500% | — | 95 | +$791 | |
| 13 | $9,299 | 6.375% | — | 81 | +$908 | |
| 14 | $9,567 | 6.625% | — | 57 | +$1,176 | |
| 15 | $10,144 | 6.375% | — | 213 | +$1,753 | |
| 16 | $11,404 | 6.562% | — | 88 | +$3,013 | |
| 17 | $12,796 | 6.750% | — | 76 | +$4,405 | |
| 18 | $13,838 | 5.990% | — | 53 | +$5,447 | |
| 19 | $14,744 | 5.933% | — | 82 | +$6,353 | |
| 20 | $15,048 | 6.125% | — | 88 | +$6,657 |
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 | Waterstone Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $295,000 | $335,000 | −$40,000 (−11.9%) |
| Median total closing costs | $8,391 | $7,127 | +$1,264 (+17.7%) |
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.