Lowest closing cost mortgage lenders in Monterey County County, California
In Monterey County, California, homebuyers paid a median of $10,958 in closing costs in 2024 — above the California median of $9,450. The county saw 1,461 purchase mortgages at a median rate of 6.53%. Among lenders with 10+ originations, GUARANTEED RATE, INC. offered the lowest median costs at $3,449, which is $3,953 less than the county median.
Homebuyers in Monterey County County who chose GUARANTEED RATE, INC. paid $7,509 less in closing costs than the county median.
County Median Costs
$10,958
+16.0% vs California ($9,450)
Median Rate
6.530%
−1.4% vs national (6.620%)
Median Origination
$4,779
Purchase Originations
1,461
vs California Median
16.0% above
$1,508
vs National Median
62.6% above
$4,217
Lender rankings in Monterey County County
24 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,689 | 5.875% | $0 | 10 | −$5,095 | |
| 2 | $5,220 | 6.375% | $1,295 | 36 | −$3,564 | |
| 3 | $5,835 | 6.375% | $1,250 | 11 | −$2,949 | |
| 4 | $5,936 | 6.625% | $850 | 10 | −$2,848 | |
| 5 | $6,028 | 6.375% | $1,665 | 21 | −$2,756 | |
| 6 | $6,031 | 6.750% | $2,390 | 17 | −$2,753 | |
| 7 | $6,166 | 6.990% | $1,640 | 13 | −$2,618 | |
| 8 | $6,430 | 6.625% | $1,730 | 25 | −$2,354 | |
| 9 | $7,131 | 6.625% | $2,431 | 45 | −$1,653 | |
| 10 | $7,551 | 6.688% | $3,556 | 16 | −$1,233 | |
| 11 | $7,795 | 6.625% | $4,811 | 74 | −$989 | |
| 12 | $8,815 | 6.625% | $4,786 | 181 | +$31 | |
| 13 | $8,924 | 6.625% | $5,440 | 29 | +$140 | |
| 14 | $9,039 | 6.990% | $5,694 | 33 | +$255 | |
| 15 | $9,456 | 6.624% | $6,123 | 19 | +$672 | |
| 16 | $9,629 | 6.500% | $5,388 | 53 | +$845 | |
| 17 | $10,637 | 6.950% | $6,955 | 77 | +$1,853 | |
| 18 | $10,818 | 6.875% | $8,060 | 22 | +$2,034 | |
| 19 | $10,869 | 6.750% | $7,388 | 21 | +$2,085 | |
| 20 | $12,011 | 6.499% | $7,899 | 20 | +$3,227 | |
| 21 | $14,963 | 6.075% | $11,873 | 59 | +$6,179 | |
| 22 | $15,001 | 6.990% | $9,753 | 18 | +$6,217 | |
| 23 | $15,442 | 6.875% | $11,014 | 27 | +$6,658 |
Includes lenders with 10+ purchase originations in Monterey County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in California → 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.