AMERICAN FEDERAL MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, AMERICAN FEDERAL MORTGAGE CORPORATION originated 636 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $5,183. That ranks #547 nationally by origination volume. For total closing costs among lenders with 500+ originations, AMERICAN FEDERAL MORTGAGE CORPORATION ranks #219. That is $1,558 below the national median of $6,741. AMERICAN FEDERAL MORTGAGE CORPORATION is most active in New Jersey with 379 originations there.
Purchase Originations
636
Ranked #547 nationally
Median Total Costs
$5,183
−23.1% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,145
Median Lender Credits
$1,195
Cost Rank (500+ vol.)
#219
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 617 | 6.375% | $5,135 | $1,145 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 379 | 6.375% | $5,250 | #43 |
| Pennsylvania | 68 | 6.375% | $5,262 | #184 |
| Florida | 58 | 6.375% | $5,382 | #309 |
| Texas | 23 | 6.375% | $5,475 | — |
| North Carolina | 22 | 6.375% | $4,081 | — |
| Georgia | 17 | 6.375% | $4,284 | — |
| New York | 15 | 6.375% | $5,433 | — |
| South Carolina | 14 | 6.312% | $3,647 | — |
| Illinois | 12 | 6.308% | $5,880 | — |
| Connecticut | 9 | 6.000% | $4,571 | — |
| Tennessee | 8 | 6.438% | $3,713 | — |
| Delaware | 6 | 6.370% | $4,312 | — |
| Maryland | 4 | 6.312% | $3,946 | — |
| Massachusetts | 1 | 6.375% | $3,212 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,157 | 6.500% | — | 8 | −$1,026 | |
| 2 | $4,466 | 6.438% | — | 10 | −$717 | |
| 3 | $4,479 | 6.562% | — | 10 | −$704 | |
| 4 | $4,798 | 6.062% | — | 14 | −$385 | |
| 5 | $4,816 | 6.312% | — | 22 | −$367 | |
| 6 | $5,050 | 6.375% | — | 11 | −$133 | |
| 7 | $5,076 | 6.433% | — | 46 | −$107 | |
| 8 | $5,129 | 6.500% | — | 11 | −$54 | |
| 9 | $5,234 | 6.375% | — | 12 | +$51 | |
| 10 | $5,340 | 6.000% | — | 14 | +$157 | |
| 11 | $5,342 | 6.375% | — | 44 | +$159 | |
| 12 | $5,437 | 6.375% | — | 13 | +$254 | |
| 13 | $5,450 | 6.375% | — | 54 | +$267 | |
| 14 | $5,480 | 6.250% | — | 31 | +$297 | |
| 15 | $5,517 | 6.062% | — | 28 | +$334 | |
| 16 | $5,667 | 6.375% | — | 49 | +$484 | |
| 17 | $5,680 | 6.438% | — | 18 | +$497 | |
| 18 | $5,866 | 6.375% | — | 10 | +$683 | |
| 19 | $5,932 | 6.125% | — | 9 | +$749 | |
| 20 | $6,303 | 6.188% | — | 10 | +$1,120 |
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.