ChoiceOne Bank closing costs and rates (2024)
In 2024, ChoiceOne Bank originated 250 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $2,941. That is $3,800 below the national median of $6,741. ChoiceOne Bank is most active in Michigan with 249 originations there.
Purchase Originations
250
Median Total Costs
$2,941
−56.4% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$771
Median Lender Credits
$1,322
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 250 | 6.875% | $2,941 | $771 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,517 | 6.312% | — | 2 | −$424 | |
| 2 | $2,625 | 6.625% | — | 5 | −$316 | |
| 3 | $2,629 | 6.812% | — | 40 | −$312 | |
| 4 | $2,674 | 6.125% | — | 2 | −$267 | |
| 5 | $2,865 | 6.625% | — | 58 | −$76 | |
| 6 | $2,918 | 6.875% | — | 18 | −$23 | |
| 7 | $2,934 | 6.500% | — | 8 | −$7 | |
| 8 | $2,968 | 6.875% | — | 24 | +$27 | |
| 9 | $2,968 | 7.000% | — | 11 | +$27 | |
| 10 | $3,032 | 6.875% | — | 5 | +$91 | |
| 11 | $3,094 | 6.875% | — | 25 | +$153 | |
| 12 | $3,103 | 6.938% | — | 20 | +$162 | |
| 13 | $3,184 | 7.375% | — | 1 | +$243 | |
| 14 | $3,374 | 7.375% | — | 3 | +$433 | |
| 15 | $3,432 | 6.625% | — | 3 | +$491 | |
| 16 | $3,707 | 7.250% | — | 1 | +$766 | |
| 17 | $4,277 | 6.875% | — | 6 | +$1,336 | |
| 18 | $4,350 | 6.438% | — | 2 | +$1,409 | |
| 19 | $4,807 | 6.938% | — | 4 | +$1,866 | |
| 20 | $6,833 | 7.625% | — | 1 | +$3,892 |
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.