Berkshire Bank closing costs and rates (2024)
In 2024, Berkshire Bank originated 559 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $5,135. That ranks #594 nationally by origination volume. For total closing costs among lenders with 500+ originations, Berkshire Bank ranks #211. That is $1,606 below the national median of $6,741. Berkshire Bank is most active in Massachusetts with 410 originations there.
Purchase Originations
559
Ranked #594 nationally
Median Total Costs
$5,135
−23.8% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,300
Median Lender Credits
$1,278
Cost Rank (500+ vol.)
#211
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 535 | 6.375% | $5,072 | $1,300 |
| fha | 22 | 6.000% | $8,988 | $1,300 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 410 | 6.375% | $5,176 | #27 |
| New York | 70 | 6.375% | $4,990 | #133 |
| Connecticut | 26 | 6.500% | $4,489 | — |
| Rhode Island | 18 | 6.125% | $4,794 | — |
| New Hampshire | 12 | 6.562% | $4,670 | — |
| Florida | 9 | 6.625% | $6,329 | — |
| Vermont | 9 | 6.875% | $5,060 | — |
| Maine | 4 | 6.438% | $5,588 | — |
| Pennsylvania | 1 | 6.375% | $6,043 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,809 | 6.000% | — | 6 | −$1,326 | |
| 2 | $3,860 | 6.875% | — | 5 | −$1,275 | |
| 3 | $4,117 | 6.000% | — | 15 | −$1,018 | |
| 4 | $4,188 | 6.500% | — | 35 | −$947 | |
| 5 | $4,262 | 6.250% | — | 8 | −$873 | |
| 6 | $4,439 | 6.250% | — | 6 | −$696 | |
| 7 | $4,595 | 6.750% | — | 5 | −$540 | |
| 8 | $4,609 | 6.375% | — | 24 | −$526 | |
| 9 | $4,714 | 6.375% | — | 7 | −$421 | |
| 10 | $4,982 | 6.500% | — | 8 | −$153 | |
| 11 | $4,994 | 6.375% | — | 4 | −$141 | |
| 12 | $5,015 | 6.438% | — | 4 | −$120 | |
| 13 | $5,071 | 6.500% | — | 5 | −$64 | |
| 14 | $5,130 | 6.375% | — | 39 | −$5 | |
| 15 | $5,166 | 6.500% | — | 55 | +$31 | |
| 16 | $5,336 | 6.250% | — | 47 | +$201 | |
| 17 | $5,347 | 6.500% | — | 12 | +$212 | |
| 18 | $5,432 | 6.250% | — | 165 | +$297 | |
| 19 | $5,601 | 6.375% | — | 24 | +$466 | |
| 20 | $5,622 | 6.438% | — | 4 | +$487 |
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.