Purchase Originations
238
Median Total Costs
$5,022
−24.8% vs national ($6,680)
↑ $649 vs prior year
Median Rate
6.250%
−3.7% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$2,183
Median Lender Credits
$500
Denial Rate
5.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 231 | 6.250% | $4,971 | $2,094 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Washington | 238 | 6.250% | $5,022 | #55 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,632 | 7.000% | — | 1 | −$2,390 | |
| 2 | $2,768 | 7.250% | — | 1 | −$2,254 | |
| 3 | $3,481 | 6.875% | — | 2 | −$1,541 | |
| 4 | $4,198 | 6.875% | — | 1 | −$824 | |
| 5 | $4,673 | 6.438% | — | 26 | −$349 | |
| 6 | $4,967 | 6.188% | — | 6 | −$55 | |
| 7 | $5,064 | 6.250% | — | 186 | +$42 | |
| 8 | $5,243 | 5.875% | — | 3 | +$221 | |
| 9 | $6,714 | 6.125% | — | 3 | +$1,692 | |
| 10 | $6,934 | 6.125% | — | 1 | +$1,912 | |
| 11 | $7,268 | 5.938% | — | 8 | +$2,246 |
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 | Whatcom Educational Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $475,000 | $335,000 | +$140,000 (+41.8%) |
| Median total closing costs | $5,022 | $7,127 | −$2,105 (−29.5%) |
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.