BANKSOUTH MORTGAGE COMPANY, LLC closing costs and rates (2024)
In 2024, BANKSOUTH MORTGAGE COMPANY, LLC originated 2,074 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $9,922. That ranks #214 nationally by origination volume. For total closing costs among lenders with 500+ originations, BANKSOUTH MORTGAGE COMPANY, LLC ranks #544. That is $3,181 above the national median of $6,741. BANKSOUTH MORTGAGE COMPANY, LLC is most active in Georgia with 1,925 originations there.
Purchase Originations
2,074
Ranked #214 nationally
Median Total Costs
$9,922
+47.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$4,742
Median Lender Credits
$1,645
Cost Rank (500+ vol.)
#544
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,193 | 6.625% | $8,100 | $4,938 |
| fha | 645 | 6.250% | $13,510 | $4,773 |
| va | 205 | 6.250% | $9,578 | $3,371 |
| usda | 31 | 6.250% | $9,636 | $4,049 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 1,925 | 6.500% | $10,073 | #10 |
| South Carolina | 76 | 6.500% | $7,733 | #139 |
| Florida | 20 | 6.625% | $11,121 | — |
| Tennessee | 20 | 6.495% | $8,635 | — |
| North Carolina | 11 | 6.625% | $6,265 | — |
| Alabama | 8 | 6.375% | $9,573 | — |
| Texas | 3 | 7.000% | $9,723 | — |
| Virginia | 3 | 6.875% | $10,392 | — |
| Kentucky | 2 | 6.438% | $7,713 | — |
| Missouri | 2 | 7.062% | $7,791 | — |
| Colorado | 1 | 5.625% | $12,044 | — |
| Iowa | 1 | 6.625% | $9,358 | — |
| Louisiana | 1 | 6.625% | $10,514 | — |
| Wisconsin | 1 | 6.750% | $6,767 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,152 | 6.812% | — | 54 | −$1,770 | |
| 2 | $8,736 | 6.625% | — | 36 | −$1,186 | |
| 3 | $8,952 | 6.500% | — | 37 | −$970 | |
| 4 | $9,284 | 6.562% | — | 26 | −$638 | |
| 5 | $9,557 | 6.625% | — | 177 | −$365 | |
| 6 | $9,666 | 6.625% | — | 75 | −$256 | |
| 7 | $9,780 | 6.625% | — | 92 | −$142 | |
| 8 | $9,847 | 6.490% | — | 53 | −$75 | |
| 9 | $9,917 | 6.625% | — | 31 | −$5 | |
| 10 | $9,919 | 6.500% | — | 68 | −$3 | |
| 11 | $10,039 | 6.750% | — | 31 | +$117 | |
| 12 | $10,079 | 6.250% | — | 77 | +$157 | |
| 13 | $10,284 | 6.625% | — | 37 | +$362 | |
| 14 | $10,361 | 6.250% | — | 58 | +$439 | |
| 15 | $10,633 | 6.625% | — | 65 | +$711 | |
| 16 | $10,644 | 6.625% | — | 250 | +$722 | |
| 17 | $10,670 | 6.250% | — | 127 | +$748 | |
| 18 | $11,447 | 6.500% | — | 118 | +$1,525 | |
| 19 | $12,289 | 6.250% | — | 35 | +$2,367 | |
| 20 | $13,222 | 4.750% | — | 62 | +$3,300 |
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.