1st Source Bank closing costs and rates (2024)
In 2024, 1st Source Bank originated 360 purchase mortgages at a median interest rate of 7.00% and median total closing costs of $2,940. That is $3,801 below the national median of $6,741. 1st Source Bank is most active in Indiana with 320 originations there.
Purchase Originations
360
Median Total Costs
$2,940
−56.4% vs national ($6,741)
Median Rate
7.000%
+5.7% vs national (6.620%)
Median Origination
$1,100
Median Lender Credits
$707
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 341 | 7.000% | $2,901 | $1,068 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,336 | 7.750% | — | 2 | −$604 | |
| 2 | $2,596 | 6.625% | — | 23 | −$344 | |
| 3 | $2,662 | 7.062% | — | 12 | −$278 | |
| 4 | $2,669 | 7.125% | — | 32 | −$271 | |
| 5 | $2,774 | 7.000% | — | 13 | −$166 | |
| 6 | $2,776 | 7.625% | — | 3 | −$164 | |
| 7 | $2,884 | 6.875% | — | 151 | −$56 | |
| 8 | $2,890 | 7.000% | — | 33 | −$50 | |
| 9 | $2,909 | 6.250% | — | 2 | −$31 | |
| 10 | $2,912 | 6.625% | — | 5 | −$28 | |
| 11 | $3,008 | 7.375% | — | 3 | +$68 | |
| 12 | $3,072 | 7.125% | — | 13 | +$132 | |
| 13 | $3,083 | 7.125% | — | 7 | +$143 | |
| 14 | $3,451 | 7.125% | — | 14 | +$511 | |
| 15 | $3,642 | 7.000% | — | 13 | +$702 | |
| 16 | $3,775 | 7.125% | — | 2 | +$835 | |
| 17 | $3,819 | 7.312% | — | 2 | +$879 | |
| 18 | $3,910 | 6.125% | — | 3 | +$970 | |
| 19 | $4,104 | 7.375% | — | 3 | +$1,164 | |
| 20 | $4,334 | 6.500% | — | 4 | +$1,394 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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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.