Bank of Hope closing costs and rates (2024)
In 2024, Bank of Hope originated 391 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $7,863. That is $1,122 above the national median of $6,741. Bank of Hope is most active in New York with 264 originations there.
Purchase Originations
391
Median Total Costs
$7,863
+16.6% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,495
Median Lender Credits
$625
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 391 | 6.875% | $7,863 | $1,495 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 264 | 6.875% | $8,232 | #68 |
| California | 24 | 6.625% | $7,721 | — |
| New Jersey | 22 | 6.750% | $6,281 | — |
| Pennsylvania | 10 | 6.562% | $5,054 | — |
| Georgia | 8 | 6.938% | $5,404 | — |
| Ohio | 8 | 6.875% | $4,803 | — |
| Texas | 8 | 6.625% | $5,451 | — |
| Illinois | 7 | 7.125% | $6,171 | — |
| Connecticut | 5 | 7.000% | $5,276 | — |
| Florida | 5 | 6.875% | $4,322 | — |
| North Carolina | 5 | 7.000% | $3,737 | — |
| Virginia | 5 | 6.250% | $4,433 | — |
| Washington | 5 | 6.625% | $5,146 | — |
| Nevada | 4 | 6.688% | $5,413 | — |
| Massachusetts | 2 | 6.625% | $6,458 | — |
| Oregon | 2 | 6.875% | $4,733 | — |
| South Carolina | 2 | 6.500% | $4,516 | — |
| Tennessee | 2 | 7.125% | $3,913 | — |
| Alabama | 1 | 6.000% | $5,246 | — |
| Arizona | 1 | 7.000% | $6,636 | — |
| Maryland | 1 | 6.750% | $3,898 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,737 | 6.750% | — | 3 | −$4,126 | |
| 2 | $4,097 | 7.250% | — | 2 | −$3,766 | |
| 3 | $4,310 | 6.688% | — | 2 | −$3,553 | |
| 4 | $5,030 | 7.000% | — | 3 | −$2,833 | |
| 5 | $5,057 | 6.500% | — | 2 | −$2,806 | |
| 6 | $5,090 | 6.562% | — | 4 | −$2,773 | |
| 7 | $5,276 | 6.750% | — | 3 | −$2,587 | |
| 8 | $5,413 | 6.688% | — | 4 | −$2,450 | |
| 9 | $5,668 | 6.750% | — | 3 | −$2,195 | |
| 10 | $6,083 | 7.000% | — | 3 | −$1,780 | |
| 11 | $6,184 | 6.938% | — | 6 | −$1,679 | |
| 12 | $6,296 | 6.750% | — | 5 | −$1,567 | |
| 13 | $6,371 | 6.750% | — | 13 | −$1,492 | |
| 14 | $7,775 | 6.875% | — | 5 | −$88 | |
| 15 | $7,790 | 6.875% | — | 13 | −$73 | |
| 16 | $8,028 | 6.750% | — | 77 | +$165 | |
| 17 | $8,134 | 6.875% | — | 46 | +$271 | |
| 18 | $8,471 | 6.812% | — | 4 | +$608 | |
| 19 | $8,505 | 6.875% | — | 67 | +$642 | |
| 20 | $9,219 | 7.000% | — | 56 | +$1,356 |
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.