Busey Bank closing costs and rates (2024)
In 2024, Busey Bank originated 648 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $2,837. That ranks #538 nationally by origination volume. For total closing costs among lenders with 500+ originations, Busey Bank ranks #40. That is $3,904 below the national median of $6,741. Busey Bank is most active in Illinois with 578 originations there.
Purchase Originations
648
Ranked #538 nationally
Median Total Costs
$2,837
−57.9% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$900
Median Lender Credits
$300
Cost Rank (500+ vol.)
#40
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 606 | 6.812% | $2,763 | $900 |
| fha | 31 | 6.250% | $6,032 | $1,053 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,242 | 7.125% | — | 3 | −$595 | |
| 2 | $2,326 | 6.500% | — | 5 | −$511 | |
| 3 | $2,394 | 6.875% | — | 7 | −$443 | |
| 4 | $2,395 | 7.438% | — | 22 | −$442 | |
| 5 | $2,405 | 6.562% | — | 4 | −$432 | |
| 6 | $2,455 | 6.625% | — | 176 | −$382 | |
| 7 | $2,585 | 6.625% | — | 66 | −$252 | |
| 8 | $2,588 | 6.500% | — | 7 | −$249 | |
| 9 | $2,609 | 6.562% | — | 8 | −$228 | |
| 10 | $2,636 | 6.375% | — | 4 | −$201 | |
| 11 | $2,655 | 6.688% | — | 34 | −$182 | |
| 12 | $2,673 | 6.750% | — | 27 | −$164 | |
| 13 | $2,678 | 6.688% | — | 12 | −$159 | |
| 14 | $2,929 | 6.438% | — | 42 | +$92 | |
| 15 | $3,532 | 7.000% | — | 13 | +$695 | |
| 16 | $4,889 | 6.875% | — | 6 | +$2,052 | |
| 17 | $5,189 | 7.562% | — | 8 | +$2,352 | |
| 18 | $5,324 | 7.500% | — | 26 | +$2,487 | |
| 19 | $5,349 | 7.375% | — | 108 | +$2,512 | |
| 20 | $5,764 | 6.500% | — | 5 | +$2,927 |
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.