Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$2,778
median across reports
vs. National Average
57%
below national avg
Avg Origination Charge
$1,213
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $1,285 | $3,585 | 🟢 Below Avg |
| Origination Fee | $1,213 | $3,743 | 🟢 Below Avg |
| lender_credits | $90 | $1,150 | 🟢 Below Avg |
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Check My Loan Estimate — $19Based on 540 homebuyer-submitted Closing Disclosures, Residential Mortgage Network, Inc.'s median total closing costs are $2,778. This is about 57% below the $6,435 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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How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
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Compare Residential Mortgage Network, Inc. with another lender
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Aggregates from Residential Mortgage Network, Inc.'s 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
470
Median Total Costs
$3,095
−53.7% vs national ($6,680)
Median Rate
6.500%
+0.1% vs national (6.490%)
Median Origination
$915
Median Lender Credits
$126
Denial Rate
1.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 206 | 6.625% | $2,403 | $1,100 |
| va | 119 | 6.125% | $2,706 | $915 |
| fha | 90 | 6.375% | $6,187 | $1,300 |
| usda | 55 | 6.500% | $4,330 | $1,300 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Iowa | 470 | 6.500% | $3,095 | #15 |
| This lender | Iowa median | National median | |
|---|---|---|---|
| Total Closing Costs | $3,095 | $2,744 | $6,680 |
| Interest Rate | 6.500% | 6.380% | 6.490% |
| Originations in state | 470 | — | — |
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 | Residential Mortgage Network, Inc. | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $3,095 | $7,127 | −$4,032 (−56.6%) |
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This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed professional for advice specific to your situation.