Lowest closing cost mortgage lenders in Elmore County County, Alabama
In Elmore County, Alabama, homebuyers paid a median of $6,185 in closing costs in 2024 — above the Alabama median of $6,033. The county saw 924 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, FAIRWAY INDEPENDENT MORTGAGE CORPORATION offered the lowest median costs at $836, which is $4,712 less than the county median.
Homebuyers in Elmore County County who chose FAIRWAY INDEPENDENT MORTGAGE CORPORATION paid $5,349 less in closing costs than the county median.
County Median Costs
$6,185
+2.5% vs Alabama ($6,033)
Median Rate
6.620%
+0.0% vs national (6.620%)
Median Origination
$2,050
Purchase Originations
924
vs Alabama Median
2.5% above
$152
vs National Median
8.3% below
$-556
Lender rankings in Elmore County County
14 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,668 | 6.990% | $1,731 | 46 | −$859 | |
| 2 | $4,033 | 6.933% | $2,174 | 10 | −$494 | |
| 3 | $4,365 | 6.625% | $1,650 | 12 | −$162 | |
| 4 | $4,625 | 7.094% | $2,067 | 14 | +$98 | |
| 5 | $4,835 | 6.312% | $2,572 | 18 | +$308 | |
| 6 | $5,087 | 6.625% | $2,825 | 45 | +$560 | |
| 7 | $5,461 | 6.875% | $3,174 | 31 | +$934 | |
| 8 | $5,558 | 6.999% | $2,931 | 11 | +$1,031 | |
| 9 | $5,824 | 9.950% | $3,980 | 13 | +$1,297 | |
| 10 | $6,421 | 6.950% | $3,784 | 18 | +$1,894 |
Includes lenders with 10+ purchase originations in Elmore County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in Alabama → Lender Directory
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Data source: HMDA Modified Loan Application Register 2024, 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.