City Lending Inc. closing costs and rates (2024)
In 2024, City Lending Inc. originated 919 purchase mortgages at a median interest rate of 7.00% and median total closing costs of $14,307. That ranks #398 nationally by origination volume. For total closing costs among lenders with 500+ originations, City Lending Inc. ranks #616. That is $7,566 above the national median of $6,741. City Lending Inc. is most active in Maryland with 374 originations there.
Purchase Originations
919
Ranked #398 nationally
Median Total Costs
$14,307
+112.2% vs national ($6,741)
Median Rate
7.000%
+5.7% vs national (6.620%)
Median Origination
$7,393
Median Lender Credits
$774
Cost Rank (500+ vol.)
#616
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 478 | 6.750% | $16,749 | $7,009 |
| conventional | 429 | 7.490% | $11,539 | $8,016 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 374 | 7.125% | $13,802 | #45 |
| Virginia | 343 | 6.990% | $16,241 | #57 |
| Florida | 82 | 6.625% | $13,596 | #267 |
| Washington | 24 | 6.625% | $12,354 | — |
| North Carolina | 21 | 6.750% | $12,291 | — |
| Texas | 18 | 7.058% | $11,210 | — |
| West Virginia | 18 | 6.933% | $13,150 | — |
| Pennsylvania | 7 | 7.000% | $9,268 | — |
| Delaware | 6 | 8.625% | $17,858 | — |
| Puerto Rico | 5 | 6.500% | $8,993 | — |
| California | 4 | 9.125% | $15,538 | — |
| Illinois | 3 | 8.875% | $14,086 | — |
| New Jersey | 3 | 8.500% | $18,752 | — |
| Tennessee | 3 | 6.625% | $9,587 | — |
| District of Columbia | 2 | 6.875% | $15,415 | — |
| Indiana | 2 | 9.688% | $10,488 | — |
| Missouri | 2 | 7.250% | $6,475 | — |
| Connecticut | 1 | 9.875% | $12,268 | — |
| Louisiana | 1 | 6.625% | $39,093 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $9,301 | 7.125% | — | 32 | −$5,006 | |
| 2 | $9,329 | 7.625% | — | 52 | −$4,978 | |
| 3 | $10,499 | 7.125% | — | 18 | −$3,808 | |
| 4 | $11,451 | 6.625% | — | 14 | −$2,856 | |
| 5 | $11,565 | 7.375% | — | 9 | −$2,742 | |
| 6 | $14,567 | 7.250% | — | 21 | +$260 | |
| 7 | $14,810 | 7.125% | — | 40 | +$503 | |
| 8 | $15,203 | 7.000% | — | 9 | +$896 | |
| 9 | $15,208 | 6.688% | — | 16 | +$901 | |
| 10 | $15,624 | 7.375% | — | 36 | +$1,317 | |
| 11 | $15,629 | 6.625% | — | 19 | +$1,322 | |
| 12 | $15,792 | 7.125% | — | 137 | +$1,485 | |
| 13 | $16,273 | 7.062% | — | 16 | +$1,966 | |
| 14 | $16,478 | 6.750% | — | 11 | +$2,171 | |
| 15 | $16,704 | 7.000% | — | 17 | +$2,397 | |
| 16 | $17,096 | 7.000% | — | 35 | +$2,789 | |
| 17 | $17,102 | 6.875% | — | 31 | +$2,795 | |
| 18 | $17,511 | 7.125% | — | 24 | +$3,204 | |
| 19 | $17,567 | 6.875% | — | 101 | +$3,260 | |
| 20 | $18,140 | 6.875% | — | 18 | +$3,833 |
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.