Cadence Bank closing costs and rates (2024)
In 2024, Cadence Bank originated 5,508 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $6,215. That ranks #89 nationally by origination volume. For total closing costs among lenders with 500+ originations, Cadence Bank ranks #296. That is $526 below the national median of $6,741. Cadence Bank is most active in Texas with 1,911 originations there.
Purchase Originations
5,508
Ranked #89 nationally
Median Total Costs
$6,215
−7.8% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,670
Median Lender Credits
$202
Cost Rank (500+ vol.)
#296
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 4,203 | 6.625% | $5,579 | $1,820 |
| fha | 990 | 6.250% | $8,496 | $1,433 |
| va | 227 | 6.375% | $5,622 | $1,170 |
| usda | 88 | 6.312% | $5,696 | $1,370 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,911 | 6.500% | $8,512 | #33 |
| Mississippi | 1,148 | 6.500% | $5,439 | #2 |
| Alabama | 677 | 6.625% | $4,377 | #17 |
| Tennessee | 603 | 6.375% | $5,480 | #27 |
| Georgia | 267 | 6.375% | $7,645 | #85 |
| Arkansas | 253 | 6.750% | $4,247 | #29 |
| Louisiana | 196 | 6.625% | $5,489 | #34 |
| Florida | 178 | 6.625% | $7,234 | #180 |
| Missouri | 164 | 6.625% | $4,082 | #68 |
| South Carolina | 51 | 6.375% | $5,343 | #164 |
| Oklahoma | 17 | 6.875% | $5,079 | — |
| North Carolina | 12 | 6.688% | $5,014 | — |
| Colorado | 8 | 6.625% | $3,974 | — |
| Kentucky | 8 | 6.562% | $7,499 | — |
| Virginia | 7 | 6.750% | $4,911 | — |
| Indiana | 4 | 6.375% | $3,671 | — |
| Illinois | 3 | 6.250% | $5,171 | — |
| Arizona | 1 | 6.750% | $6,330 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,849 | 6.500% | — | 79 | −$2,366 | |
| 2 | $4,040 | 6.625% | — | 221 | −$2,175 | |
| 3 | $4,298 | 6.625% | — | 77 | −$1,917 | |
| 4 | $4,564 | 6.500% | — | 72 | −$1,651 | |
| 5 | $4,581 | 6.625% | — | 74 | −$1,634 | |
| 6 | $5,079 | 6.750% | — | 75 | −$1,136 | |
| 7 | $5,172 | 6.625% | — | 65 | −$1,043 | |
| 8 | $5,310 | 6.375% | — | 105 | −$905 | |
| 9 | $5,582 | 6.250% | — | 215 | −$633 | |
| 10 | $5,735 | 6.375% | — | 80 | −$480 | |
| 11 | $6,252 | 6.375% | — | 99 | +$37 | |
| 12 | $6,460 | 6.375% | — | 153 | +$245 | |
| 13 | $6,478 | 6.250% | — | 74 | +$263 | |
| 14 | $7,046 | 6.290% | — | 127 | +$831 | |
| 15 | $8,334 | 6.375% | — | 128 | +$2,119 | |
| 16 | $8,532 | 6.375% | — | 566 | +$2,317 | |
| 17 | $9,102 | 6.500% | — | 78 | +$2,887 | |
| 18 | $9,401 | 6.625% | — | 194 | +$3,186 | |
| 19 | $9,672 | 6.500% | — | 79 | +$3,457 | |
| 20 | $11,312 | 6.750% | — | 159 | +$5,097 |
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.