Grade D · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$8,959
median across reports
vs. National Average
165%
above national avg
Avg Origination Charge
$6,361
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $6,361 | $1,584 | 🔺 High |
| lender_credits | $5,393 | $428 | 🔺 High |
| discount_points | $3,809 | $2,242 | 🔺 High |
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Based on 3,696 homebuyer-submitted Closing Disclosures, New Wave Lending Group Inc's median total closing costs are $8,959. This is about 165% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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Average Closing Costs by State
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Aggregates from New Wave Lending Group Inc's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
1,941
Ranked #228 nationally
Median Total Costs
$10,127
+51.6% vs national ($6,680)
Median Rate
6.875%
+5.9% vs national (6.490%)
Median Origination
$5,345
Median Lender Credits
$2,248
Cost Rank (500+ vol.)
#551
among lenders with 500+ originations
Denial Rate
0.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,918 | 6.875% | $10,046 | $5,350 |
| fha | 23 | 6.000% | $21,583 | $4,425 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,162 | 6.875% | $10,244 | #35 |
| Texas | 178 | 6.875% | $10,187 | #217 |
| Illinois | 108 | 6.875% | $11,369 | #143 |
| Georgia | 93 | 7.000% | $8,144 | #149 |
| Florida | 89 | 7.125% | $10,532 | #246 |
| Nevada | 58 | 6.875% | $11,029 | #85 |
| New Jersey | 39 | 7.250% | $10,220 | — |
| Maryland | 33 | 7.250% | $11,122 | — |
| Virginia | 27 | 6.875% | $10,896 | — |
| Pennsylvania | 23 | 6.875% | $9,382 | — |
| Michigan | 18 | 6.875% | $7,716 | — |
| Oregon | 18 | 6.750% | $12,206 | — |
| North Carolina | 14 | 7.312% | $10,445 | — |
| South Carolina | 13 | 7.125% | $7,742 | — |
| Arizona | 11 | 6.625% | $6,648 | — |
| Tennessee | 10 | 7.188% | $6,656 | — |
| Washington | 9 | 6.875% | $7,306 | — |
| Colorado | 7 | 6.625% | $7,563 | — |
| Connecticut | 5 | 6.875% | $6,194 | — |
| Hawaii | 5 | 6.750% | $7,600 | — |
| Indiana | 4 | 6.875% | $4,043 | — |
| Louisiana | 4 | 6.875% | $5,300 | — |
| Ohio | 4 | 7.500% | $4,937 | — |
| Oklahoma | 3 | 6.625% | $7,488 | — |
| Alabama | 2 | 6.688% | $5,626 | — |
| Kentucky | 1 | 7.000% | $4,478 | — |
| Minnesota | 1 | 7.250% | $7,880 | — |
| Utah | 1 | 6.500% | $5,577 | — |
| Wisconsin | 1 | 7.250% | $10,132 | — |
| This lender | California median | National median | |
|---|---|---|---|
| Total Closing Costs | $10,244 | $9,309 | $6,680 |
| Interest Rate | 6.875% | 6.380% | 6.490% |
| Originations in state | 1,162 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | New Wave Lending Group Inc | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $525,000 | $335,000 | +$190,000 (+56.7%) |
| Median total closing costs | $10,127 | $7,127 | +$3,000 (+42.1%) |