CIBC Bank USA closing costs and rates (2024)
In 2024, CIBC Bank USA originated 339 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $6,262. That is $479 below the national median of $6,741. CIBC Bank USA is most active in Illinois with 205 originations there.
Purchase Originations
339
Median Total Costs
$6,262
−7.1% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,295
Median Lender Credits
$5,000
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 276 | 6.375% | $5,982 | $1,295 |
| fha | 57 | 6.375% | $10,594 | $1,877 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 205 | 6.490% | $6,411 | #96 |
| Missouri | 23 | 5.875% | $6,559 | — |
| Michigan | 18 | 6.562% | $4,135 | — |
| Wisconsin | 18 | 6.500% | $3,342 | — |
| Florida | 14 | 6.188% | $7,701 | — |
| Texas | 7 | 6.000% | $7,022 | — |
| California | 6 | 6.312% | $6,702 | — |
| Colorado | 6 | 6.125% | $4,235 | — |
| New York | 5 | 6.000% | $5,740 | — |
| Arizona | 4 | 5.750% | $6,002 | — |
| Georgia | 4 | 6.250% | $4,956 | — |
| Indiana | 4 | 6.812% | $3,274 | — |
| Massachusetts | 4 | 6.000% | $5,078 | — |
| New Jersey | 3 | 6.000% | $6,183 | — |
| North Carolina | 2 | 5.750% | $5,272 | — |
| Ohio | 2 | 5.938% | $4,882 | — |
| South Carolina | 2 | 6.062% | $14,987 | — |
| Tennessee | 2 | 6.312% | $10,542 | — |
| Virginia | 2 | 5.625% | $6,587 | — |
| Washington | 2 | 6.062% | $6,798 | — |
| District of Columbia | 1 | 6.125% | $6,876 | — |
| Kansas | 1 | 6.375% | $3,135 | — |
| Kentucky | 1 | 5.625% | $5,771 | — |
| Minnesota | 1 | 6.750% | $4,323 | — |
| Nevada | 1 | 5.375% | $5,112 | — |
| Utah | 1 | 5.750% | $7,269 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,286 | 6.250% | — | 13 | −$2,976 | |
| 2 | $4,032 | 6.625% | — | 14 | −$2,230 | |
| 3 | $4,104 | 6.250% | — | 2 | −$2,158 | |
| 4 | $4,608 | 6.000% | — | 3 | −$1,654 | |
| 5 | $5,004 | 6.000% | — | 3 | −$1,258 | |
| 6 | $5,068 | 5.875% | — | 3 | −$1,194 | |
| 7 | $5,442 | 5.875% | — | 2 | −$820 | |
| 8 | $5,621 | 6.375% | — | 5 | −$641 | |
| 9 | $6,002 | 5.750% | — | 4 | −$260 | |
| 10 | $6,129 | 6.625% | — | 8 | −$133 | |
| 11 | $6,191 | 6.125% | — | 4 | −$71 | |
| 12 | $6,204 | 6.062% | — | 2 | −$58 | |
| 13 | $6,372 | 6.000% | — | 7 | +$110 | |
| 14 | $6,523 | 6.500% | — | 163 | +$261 | |
| 15 | $6,568 | 5.875% | — | 17 | +$306 | |
| 16 | $6,799 | 6.558% | — | 4 | +$537 | |
| 17 | $6,960 | 6.062% | — | 12 | +$698 | |
| 18 | $8,743 | 6.120% | — | 4 | +$2,481 | |
| 19 | $9,912 | 6.000% | — | 3 | +$3,650 | |
| 20 | $14,987 | 6.062% | — | 2 | +$8,725 |
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.