Burke & Herbert Bank & Trust Company closing costs and rates (2024)
In 2024, Burke & Herbert Bank & Trust Company originated 145 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,337. That is $2,404 below the national median of $6,741. Burke & Herbert Bank & Trust Company is most active in Virginia with 61 originations there.
Purchase Originations
145
Median Total Costs
$4,337
−35.7% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,400
Median Lender Credits
$137
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 145 | 6.625% | $4,337 | $1,400 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 61 | 6.490% | $4,699 | #159 |
| West Virginia | 59 | 6.875% | $3,624 | #46 |
| Maryland | 17 | 6.490% | $5,013 | — |
| District of Columbia | 4 | 6.750% | $7,991 | — |
| Delaware | 1 | 7.000% | $5,393 | — |
| Florida | 1 | 6.875% | $3,328 | — |
| Illinois | 1 | 7.375% | $3,583 | — |
| South Carolina | 1 | 6.625% | $9,582 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,377 | 7.531% | — | 4 | −$960 | |
| 2 | $3,416 | 7.313% | — | 15 | −$921 | |
| 3 | $3,498 | 7.125% | — | 5 | −$839 | |
| 4 | $3,527 | 6.500% | — | 2 | −$810 | |
| 5 | $3,656 | 6.625% | — | 8 | −$681 | |
| 6 | $3,680 | 6.688% | — | 3 | −$657 | |
| 7 | $3,696 | 6.683% | — | 2 | −$641 | |
| 8 | $3,904 | 7.375% | — | 3 | −$433 | |
| 9 | $4,048 | 6.625% | — | 5 | −$289 | |
| 10 | $4,413 | 7.219% | — | 4 | +$76 | |
| 11 | $4,632 | 6.625% | — | 7 | +$295 | |
| 12 | $4,690 | 7.344% | — | 6 | +$353 | |
| 13 | $4,690 | 5.875% | — | 3 | +$353 | |
| 14 | $4,794 | 6.375% | — | 16 | +$457 | |
| 15 | $4,830 | 6.125% | — | 3 | +$493 | |
| 16 | $5,036 | 6.558% | — | 8 | +$699 | |
| 17 | $5,111 | 6.433% | — | 2 | +$774 | |
| 18 | $5,335 | 6.624% | — | 8 | +$998 | |
| 19 | $6,116 | 6.375% | — | 5 | +$1,779 | |
| 20 | $7,991 | 6.750% | — | 4 | +$3,654 |
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.