Bank of America, National Association closing costs and rates (2024)
In 2024, Bank of America, National Association originated 20,481 purchase mortgages at a median interest rate of 6.12% and median total closing costs of $5,110. That ranks #20 nationally by origination volume. For total closing costs among lenders with 500+ originations, Bank of America, National Association ranks #207. That is $1,631 below the national median of $6,741. Bank of America, National Association is most active in California with 3,886 originations there.
Purchase Originations
20,481
Ranked #20 nationally
Median Total Costs
$5,110
−24.2% vs national ($6,741)
Median Rate
6.125%
−7.5% vs national (6.620%)
Median Origination
$1,465
Median Lender Credits
$683
Cost Rank (500+ vol.)
#207
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 20,046 | 6.125% | $5,064 | $1,458 |
| fha | 373 | 6.250% | $9,422 | $2,580 |
| va | 62 | 6.062% | $7,211 | $3,096 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 3,886 | 6.000% | $7,319 | #9 |
| Texas | 1,790 | 6.250% | $4,145 | #38 |
| Florida | 1,633 | 6.250% | $5,876 | #27 |
| North Carolina | 1,258 | 6.125% | $4,164 | #22 |
| New York | 1,200 | 6.125% | $5,801 | #19 |
| Illinois | 906 | 6.250% | $4,677 | #24 |
| New Jersey | 865 | 6.125% | $5,790 | #17 |
| Washington | 806 | 6.000% | $5,628 | #23 |
| Georgia | 802 | 6.000% | $4,575 | #32 |
| Michigan | 602 | 6.125% | $1,076 | #30 |
| Maryland | 561 | 6.125% | $4,708 | #26 |
| Pennsylvania | 547 | 6.375% | $5,537 | #39 |
| Virginia | 542 | 6.250% | $4,510 | #40 |
| Massachusetts | 512 | 6.250% | $5,460 | #19 |
| South Carolina | 473 | 6.125% | $4,178 | #32 |
| Arizona | 405 | 6.125% | $5,905 | #47 |
| Missouri | 401 | 6.125% | $2,756 | #30 |
| Tennessee | 345 | 6.125% | $4,277 | #47 |
| Colorado | 282 | 6.125% | $3,937 | #59 |
| Ohio | 270 | 6.000% | $3,364 | #78 |
| Connecticut | 260 | 6.125% | $4,671 | #25 |
| Oklahoma | 253 | 6.125% | $2,358 | #33 |
| Nevada | 199 | 6.000% | $5,482 | #35 |
| Minnesota | 192 | 6.250% | $2,663 | #62 |
| Oregon | 160 | 6.375% | $4,922 | #52 |
| Indiana | 153 | 6.125% | $2,624 | #96 |
| Kansas | 143 | 6.250% | $2,875 | #48 |
| Arkansas | 131 | 6.125% | $2,996 | #54 |
| New Mexico | 95 | 6.375% | $3,954 | #38 |
| Delaware | 90 | 6.250% | $4,563 | #28 |
| Kentucky | 86 | 6.125% | $3,789 | #93 |
| District of Columbia | 85 | 6.000% | $5,590 | #17 |
| Alabama | 67 | 6.500% | $3,527 | #115 |
| Rhode Island | 58 | 6.250% | $5,185 | #37 |
| Louisiana | 55 | 6.250% | $5,122 | #78 |
| New Hampshire | 48 | 6.438% | $3,959 | — |
| Utah | 47 | 6.250% | $5,043 | — |
| Wisconsin | 41 | 6.250% | $3,260 | — |
| Maine | 35 | 6.500% | $4,906 | — |
| Iowa | 30 | 6.562% | $2,733 | — |
| Mississippi | 30 | 6.438% | $3,910 | — |
| Nebraska | 28 | 6.125% | $2,669 | — |
| Idaho | 21 | 6.500% | $4,366 | — |
| Montana | 21 | 6.500% | $3,994 | — |
| West Virginia | 20 | 6.250% | $4,251 | — |
| Vermont | 14 | 6.625% | $5,452 | — |
| Wyoming | 13 | 6.500% | $5,919 | — |
| Hawaii | 9 | 5.875% | $7,838 | — |
| South Dakota | 5 | 6.500% | $4,017 | — |
| Alaska | 3 | 6.250% | $8,039 | — |
| North Dakota | 3 | 6.875% | $3,444 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $543 | 5.938% | — | 176 | −$4,567 | |
| 2 | $2,640 | 6.250% | — | 343 | −$2,470 | |
| 3 | $4,049 | 6.125% | — | 172 | −$1,061 | |
| 4 | $4,147 | 6.125% | — | 400 | −$963 | |
| 5 | $4,233 | 6.125% | — | 407 | −$877 | |
| 6 | $4,449 | 6.125% | — | 223 | −$661 | |
| 7 | $4,898 | 5.875% | — | 900 | −$212 | |
| 8 | $5,053 | 6.250% | — | 576 | −$57 | |
| 9 | $5,628 | 6.250% | — | 163 | +$518 | |
| 10 | $5,747 | 5.875% | — | 514 | +$637 | |
| 11 | $6,098 | 6.188% | — | 324 | +$988 | |
| 12 | $6,437 | 6.125% | — | 181 | +$1,327 | |
| 13 | $7,085 | 6.125% | — | 169 | +$1,975 | |
| 14 | $8,083 | 6.125% | — | 248 | +$2,973 | |
| 15 | $8,096 | 6.000% | — | 478 | +$2,986 | |
| 16 | $8,168 | 6.125% | — | 163 | +$3,058 | |
| 17 | $8,621 | 6.000% | — | 246 | +$3,511 | |
| 18 | $8,657 | 6.000% | — | 262 | +$3,547 | |
| 19 | $8,708 | 6.125% | — | 269 | +$3,598 | |
| 20 | $9,032 | 6.000% | — | 589 | +$3,922 |
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.