BETTER MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, BETTER MORTGAGE CORPORATION originated 3,427 purchase mortgages at a median interest rate of 6.49% and median total closing costs of $5,131. That ranks #138 nationally by origination volume. For total closing costs among lenders with 500+ originations, BETTER MORTGAGE CORPORATION ranks #210. That is $1,610 below the national median of $6,741. BETTER MORTGAGE CORPORATION is most active in Texas with 412 originations there.
Purchase Originations
3,427
Ranked #138 nationally
Median Total Costs
$5,131
−23.9% vs national ($6,741)
Median Rate
6.490%
−2.0% vs national (6.620%)
Median Origination
$795
Median Lender Credits
$927
Cost Rank (500+ vol.)
#210
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,062 | 6.500% | $4,754 | $774 |
| fha | 321 | 6.000% | $11,460 | $995 |
| va | 44 | 6.000% | $8,631 | $5 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 412 | 6.375% | $5,966 | #140 |
| Florida | 331 | 6.500% | $5,621 | #122 |
| California | 259 | 6.375% | $5,645 | #133 |
| North Carolina | 198 | 6.500% | $3,838 | #104 |
| Georgia | 173 | 6.375% | $5,307 | #107 |
| New Jersey | 150 | 6.495% | $6,242 | #85 |
| New York | 138 | 6.375% | $6,139 | #105 |
| Pennsylvania | 138 | 6.500% | $5,684 | #134 |
| Illinois | 135 | 6.625% | $5,377 | #122 |
| Washington | 119 | 6.500% | $4,967 | #96 |
| Ohio | 107 | 6.500% | $4,178 | #132 |
| Virginia | 90 | 6.250% | $4,334 | #136 |
| Michigan | 85 | 6.500% | $3,710 | #119 |
| Arizona | 81 | 6.375% | $7,018 | #112 |
| Tennessee | 80 | 6.375% | $4,611 | #140 |
| Oregon | 70 | 6.500% | $4,462 | #86 |
| Colorado | 60 | 6.433% | $2,366 | #130 |
| Indiana | 58 | 6.500% | $2,493 | #160 |
| Maryland | 56 | 6.375% | $4,144 | #126 |
| South Carolina | 52 | 6.500% | $4,660 | #162 |
| Missouri | 51 | 6.500% | $4,329 | #142 |
| Massachusetts | 48 | 6.312% | $5,279 | — |
| Connecticut | 46 | 6.375% | $5,201 | — |
| Nevada | 39 | 6.375% | $5,450 | — |
| Oklahoma | 36 | 6.312% | $6,351 | — |
| Kentucky | 34 | 6.500% | $3,685 | — |
| Minnesota | 33 | 6.375% | $4,480 | — |
| Alabama | 30 | 6.625% | $2,701 | — |
| New Mexico | 29 | 6.500% | $4,129 | — |
| Utah | 29 | 6.375% | $3,395 | — |
| Arkansas | 28 | 6.125% | $2,711 | — |
| Idaho | 27 | 6.375% | $6,676 | — |
| Louisiana | 25 | 6.500% | $4,114 | — |
| Wisconsin | 25 | 6.125% | $4,196 | — |
| Kansas | 19 | 6.125% | $4,720 | — |
| New Hampshire | 19 | 6.500% | $3,141 | — |
| District of Columbia | 13 | 6.125% | $5,858 | — |
| Montana | 13 | 6.625% | $3,616 | — |
| Nebraska | 13 | 6.500% | $4,603 | — |
| Mississippi | 11 | 6.625% | $8,026 | — |
| Delaware | 9 | 6.500% | $4,356 | — |
| Maine | 9 | 6.125% | $3,544 | — |
| West Virginia | 9 | 6.500% | $4,103 | — |
| Vermont | 7 | 6.250% | $4,198 | — |
| Wyoming | 7 | 6.250% | $6,693 | — |
| Iowa | 6 | 7.000% | $4,882 | — |
| Rhode Island | 6 | 6.125% | $11,438 | — |
| Alaska | 5 | 6.875% | $6,234 | — |
| Hawaii | 4 | 6.188% | $18,123 | — |
| South Dakota | 3 | 5.625% | $7,458 | — |
| North Dakota | 2 | 6.000% | $9,464 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,645 | 6.500% | — | 39 | −$1,486 | |
| 2 | $3,847 | 6.375% | — | 39 | −$1,284 | |
| 3 | $5,057 | 6.495% | — | 52 | −$74 | |
| 4 | $5,331 | 6.125% | — | 35 | +$200 | |
| 5 | $5,378 | 6.375% | — | 27 | +$247 | |
| 6 | $5,474 | 6.375% | — | 31 | +$343 | |
| 7 | $5,516 | 6.375% | — | 26 | +$385 | |
| 8 | $5,632 | 6.500% | — | 50 | +$501 | |
| 9 | $5,729 | 6.500% | — | 58 | +$598 | |
| 10 | $5,841 | 6.375% | — | 97 | +$710 | |
| 11 | $5,879 | 6.125% | — | 38 | +$748 | |
| 12 | $5,976 | 6.500% | — | 25 | +$845 | |
| 13 | $6,050 | 6.500% | — | 29 | +$919 | |
| 14 | $6,051 | 6.438% | — | 44 | +$920 | |
| 15 | $6,284 | 6.125% | — | 28 | +$1,153 | |
| 16 | $6,325 | 6.500% | — | 38 | +$1,194 | |
| 17 | $6,484 | 6.375% | — | 42 | +$1,353 | |
| 18 | $6,737 | 6.438% | — | 40 | +$1,606 | |
| 19 | $6,859 | 6.375% | — | 30 | +$1,728 | |
| 20 | $7,020 | 6.375% | — | 28 | +$1,889 |
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.