Arbor Bank closing costs and rates (2024)
In 2024, Arbor Bank originated 213 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $2,965. That is $3,776 below the national median of $6,741. Arbor Bank is most active in Nebraska with 169 originations there.
Purchase Originations
213
Median Total Costs
$2,965
−56.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$899
Median Lender Credits
$156
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 175 | 6.625% | $2,881 | $899 |
| fha | 21 | 6.500% | $7,236 | $899 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Nebraska | 169 | 6.625% | $2,852 | #29 |
| Iowa | 21 | 6.625% | $3,162 | — |
| Minnesota | 11 | 6.490% | $4,009 | — |
| Arizona | 2 | 6.745% | $4,776 | — |
| Florida | 2 | 5.562% | $8,134 | — |
| Missouri | 2 | 5.875% | $2,712 | — |
| Georgia | 1 | 7.125% | $5,113 | — |
| Illinois | 1 | 6.000% | $7,669 | — |
| Kansas | 1 | 6.500% | $2,431 | — |
| Montana | 1 | 6.750% | $4,826 | — |
| Pennsylvania | 1 | 6.875% | $7,355 | — |
| South Carolina | 1 | 6.250% | $3,984 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,241 | 6.188% | — | 4 | −$724 | |
| 2 | $2,416 | 7.500% | — | 5 | −$549 | |
| 3 | $2,528 | 6.500% | — | 1 | −$437 | |
| 4 | $2,737 | 6.375% | — | 4 | −$228 | |
| 5 | $2,849 | 6.625% | — | 101 | −$116 | |
| 6 | $2,900 | 6.125% | — | 3 | −$65 | |
| 7 | $2,909 | 6.625% | — | 3 | −$56 | |
| 8 | $2,935 | 6.625% | — | 11 | −$30 | |
| 9 | $3,022 | 6.500% | — | 35 | +$57 | |
| 10 | $3,053 | 6.500% | — | 5 | +$88 | |
| 11 | $3,091 | 6.500% | — | 2 | +$126 | |
| 12 | $3,118 | 6.250% | — | 1 | +$153 | |
| 13 | $3,162 | 6.750% | — | 1 | +$197 | |
| 14 | $3,220 | 6.625% | — | 7 | +$255 | |
| 15 | $3,411 | 5.625% | — | 1 | +$446 | |
| 16 | $3,853 | 6.188% | — | 4 | +$888 | |
| 17 | $4,366 | 6.558% | — | 4 | +$1,401 | |
| 18 | $4,776 | 6.745% | — | 2 | +$1,811 | |
| 19 | $5,113 | 7.125% | — | 1 | +$2,148 | |
| 20 | $12,858 | 5.500% | — | 1 | +$9,893 |
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.