CIBM Bank closing costs and rates (2024)
In 2024, CIBM Bank originated 620 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $5,575. That ranks #556 nationally by origination volume. For total closing costs among lenders with 500+ originations, CIBM Bank ranks #250. That is $1,166 below the national median of $6,741. CIBM Bank is most active in Illinois with 309 originations there.
Purchase Originations
620
Ranked #556 nationally
Median Total Costs
$5,575
−17.3% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,467
Median Lender Credits
$256
Cost Rank (500+ vol.)
#250
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 509 | 7.000% | $5,364 | $1,466 |
| fha | 88 | 6.750% | $9,686 | $1,725 |
| va | 20 | 6.750% | $4,497 | $245 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 309 | 6.990% | $5,820 | #69 |
| Wisconsin | 132 | 6.875% | $2,849 | #79 |
| New Jersey | 44 | 6.625% | $5,941 | — |
| Massachusetts | 42 | 6.875% | $6,447 | — |
| Indiana | 20 | 6.938% | $2,826 | — |
| Rhode Island | 15 | 7.125% | $4,768 | — |
| Florida | 12 | 6.933% | $7,010 | — |
| Pennsylvania | 7 | 7.000% | $5,364 | — |
| Connecticut | 5 | 6.125% | $6,681 | — |
| Georgia | 5 | 6.625% | $4,619 | — |
| Kentucky | 4 | 6.187% | $4,973 | — |
| Michigan | 3 | 7.000% | $3,462 | — |
| North Carolina | 3 | 7.125% | $3,674 | — |
| New Hampshire | 3 | 7.000% | $3,708 | — |
| South Carolina | 3 | 7.625% | $8,382 | — |
| Tennessee | 3 | 7.000% | $6,141 | — |
| Arizona | 2 | 7.120% | $5,808 | — |
| California | 1 | 7.375% | $8,132 | — |
| Colorado | 1 | 6.625% | $3,768 | — |
| Delaware | 1 | 6.125% | $4,816 | — |
| Maine | 1 | 6.625% | $3,169 | — |
| New York | 1 | 6.500% | $5,153 | — |
| Ohio | 1 | 7.000% | $4,032 | — |
| Texas | 1 | 6.875% | $4,881 | — |
| Washington | 1 | 7.250% | $5,041 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,652 | 7.000% | — | 25 | −$2,923 | |
| 2 | $2,661 | 7.062% | — | 22 | −$2,914 | |
| 3 | $2,667 | 6.812% | — | 8 | −$2,908 | |
| 4 | $2,876 | 6.625% | — | 35 | −$2,699 | |
| 5 | $3,045 | 6.750% | — | 6 | −$2,530 | |
| 6 | $3,821 | 6.875% | — | 10 | −$1,754 | |
| 7 | $3,828 | 6.875% | — | 28 | −$1,747 | |
| 8 | $4,768 | 7.125% | — | 11 | −$807 | |
| 9 | $5,118 | 6.875% | — | 15 | −$457 | |
| 10 | $5,452 | 7.000% | — | 16 | −$123 | |
| 11 | $5,632 | 6.625% | — | 10 | +$57 | |
| 12 | $5,763 | 6.995% | — | 18 | +$188 | |
| 13 | $5,845 | 7.000% | — | 33 | +$270 | |
| 14 | $5,865 | 7.000% | — | 29 | +$290 | |
| 15 | $5,900 | 6.625% | — | 7 | +$325 | |
| 16 | $5,980 | 7.000% | — | 95 | +$405 | |
| 17 | $6,061 | 6.875% | — | 18 | +$486 | |
| 18 | $6,128 | 6.875% | — | 41 | +$553 | |
| 19 | $6,185 | 6.750% | — | 6 | +$610 | |
| 20 | $10,472 | 6.250% | — | 15 | +$4,897 |
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.