AMERICAN FINANCING CORPORATION closing costs and rates (2024)
In 2024, AMERICAN FINANCING CORPORATION originated 680 purchase mortgages at a median interest rate of 6.56% and median total closing costs of $10,396. That ranks #519 nationally by origination volume. For total closing costs among lenders with 500+ originations, AMERICAN FINANCING CORPORATION ranks #567. That is $3,655 above the national median of $6,741. AMERICAN FINANCING CORPORATION is most active in Colorado with 308 originations there.
Purchase Originations
680
Ranked #519 nationally
Median Total Costs
$10,396
+54.2% vs national ($6,741)
Median Rate
6.562%
−0.9% vs national (6.620%)
Median Origination
$4,779
Median Lender Credits
$96
Cost Rank (500+ vol.)
#567
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 354 | 6.500% | $13,250 | $4,973 |
| conventional | 268 | 6.625% | $7,161 | $4,540 |
| va | 54 | 6.250% | $10,734 | $4,253 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Colorado | 308 | 6.625% | $12,395 | #53 |
| Georgia | 50 | 6.250% | $11,915 | #206 |
| Florida | 40 | 6.625% | $8,779 | — |
| Texas | 26 | 6.438% | $8,609 | — |
| Ohio | 21 | 6.750% | $6,705 | — |
| Arizona | 13 | 6.250% | $12,223 | — |
| Missouri | 13 | 6.500% | $10,869 | — |
| Tennessee | 13 | 6.625% | $8,156 | — |
| Michigan | 11 | 6.500% | $9,815 | — |
| North Carolina | 11 | 6.625% | $9,453 | — |
| Idaho | 10 | 6.438% | $12,917 | — |
| Kansas | 10 | 6.375% | $5,095 | — |
| South Carolina | 10 | 6.312% | $10,243 | — |
| Kentucky | 9 | 6.500% | $7,942 | — |
| Pennsylvania | 9 | 6.500% | $9,985 | — |
| Wyoming | 9 | 6.875% | $6,812 | — |
| Alabama | 8 | 6.250% | $11,510 | — |
| Indiana | 8 | 6.188% | $10,119 | — |
| Oklahoma | 8 | 6.188% | $11,769 | — |
| Oregon | 8 | 6.375% | $16,090 | — |
| Washington | 8 | 6.500% | $10,145 | — |
| Wisconsin | 8 | 6.312% | $5,847 | — |
| Nebraska | 6 | 6.688% | $9,673 | — |
| Virginia | 6 | 6.812% | $9,809 | — |
| Iowa | 5 | 6.875% | $4,687 | — |
| Minnesota | 5 | 6.125% | $8,086 | — |
| New Mexico | 4 | 6.745% | $6,397 | — |
| Nevada | 4 | 6.750% | $12,079 | — |
| New York | 4 | 6.938% | $8,419 | — |
| West Virginia | 4 | 6.808% | $7,242 | — |
| Alaska | 3 | 6.250% | $8,919 | — |
| Massachusetts | 3 | 6.990% | $8,914 | — |
| Montana | 3 | 6.375% | $13,780 | — |
| South Dakota | 3 | 6.625% | $3,826 | — |
| Utah | 3 | 6.500% | $7,617 | — |
| Arkansas | 2 | 6.562% | $16,886 | — |
| Illinois | 2 | 6.750% | $6,557 | — |
| Maryland | 2 | 6.500% | $7,206 | — |
| Maine | 2 | 6.562% | $8,550 | — |
| New Hampshire | 2 | 7.000% | $15,222 | — |
| New Jersey | 2 | 6.250% | $13,953 | — |
| California | 1 | 6.875% | $8,336 | — |
| Hawaii | 1 | 6.625% | $13,331 | — |
| Mississippi | 1 | 6.250% | $14,870 | — |
| North Dakota | 1 | 7.125% | $7,099 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,857 | 6.750% | — | 7 | −$2,539 | |
| 2 | $8,259 | 6.625% | — | 6 | −$2,137 | |
| 3 | $8,552 | 6.625% | — | 7 | −$1,844 | |
| 4 | $8,614 | 6.375% | — | 5 | −$1,782 | |
| 5 | $8,954 | 6.438% | — | 6 | −$1,442 | |
| 6 | $9,085 | 6.625% | — | 6 | −$1,311 | |
| 7 | $11,000 | 6.250% | — | 4 | +$604 | |
| 8 | $11,097 | 6.938% | — | 6 | +$701 | |
| 9 | $11,149 | 6.625% | — | 5 | +$753 | |
| 10 | $11,569 | 6.625% | — | 4 | +$1,173 | |
| 11 | $12,252 | 6.500% | — | 25 | +$1,856 | |
| 12 | $12,357 | 6.500% | — | 59 | +$1,961 | |
| 13 | $12,763 | 6.250% | — | 13 | +$2,367 | |
| 14 | $13,268 | 6.625% | — | 31 | +$2,872 | |
| 15 | $13,403 | 6.250% | — | 15 | +$3,007 | |
| 16 | $13,772 | 6.562% | — | 42 | +$3,376 | |
| 17 | $14,057 | 6.375% | — | 6 | +$3,661 | |
| 18 | $14,207 | 6.500% | — | 13 | +$3,811 | |
| 19 | $14,267 | 6.750% | — | 6 | +$3,871 | |
| 20 | $15,439 | 6.750% | — | 45 | +$5,043 |
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.