COLONY BANK closing costs and rates (2024)
In 2024, COLONY BANK originated 592 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,797. That ranks #572 nationally by origination volume. For total closing costs among lenders with 500+ originations, COLONY BANK ranks #355. That is $56 above the national median of $6,741. COLONY BANK is most active in Georgia with 558 originations there.
Purchase Originations
592
Ranked #572 nationally
Median Total Costs
$6,797
+0.8% vs national ($6,741)
Median Rate
6.624%
+0.1% vs national (6.620%)
Median Origination
$1,683
Median Lender Credits
$403
Cost Rank (500+ vol.)
#355
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 307 | 6.625% | $4,981 | $2,200 |
| fha | 177 | 6.500% | $9,073 | $1,803 |
| va | 99 | 6.250% | $4,696 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 558 | 6.624% | $6,833 | #47 |
| South Carolina | 17 | 6.625% | $6,787 | — |
| Florida | 8 | 6.875% | $5,127 | — |
| Alabama | 3 | 6.500% | $6,252 | — |
| North Carolina | 3 | 6.375% | $4,236 | — |
| Michigan | 1 | 6.375% | $2,631 | — |
| Tennessee | 1 | 6.625% | $8,371 | — |
| Virginia | 1 | 6.125% | $10,894 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,036 | 6.500% | — | 11 | −$1,761 | |
| 2 | $5,399 | 6.125% | — | 13 | −$1,398 | |
| 3 | $5,410 | 6.750% | — | 9 | −$1,387 | |
| 4 | $5,602 | 6.500% | — | 103 | −$1,195 | |
| 5 | $6,409 | 6.500% | — | 28 | −$388 | |
| 6 | $6,413 | 6.500% | — | 56 | −$384 | |
| 7 | $6,744 | 6.625% | — | 23 | −$53 | |
| 8 | $6,801 | 6.250% | — | 13 | +$4 | |
| 9 | $7,322 | 6.490% | — | 7 | +$525 | |
| 10 | $7,435 | 6.500% | — | 9 | +$638 | |
| 11 | $7,443 | 6.500% | — | 17 | +$646 | |
| 12 | $7,467 | 6.750% | — | 27 | +$670 | |
| 13 | $7,496 | 6.625% | — | 19 | +$699 | |
| 14 | $7,645 | 6.499% | — | 26 | +$848 | |
| 15 | $7,964 | 6.625% | — | 11 | +$1,167 | |
| 16 | $7,985 | 6.490% | — | 9 | +$1,188 | |
| 17 | $10,236 | 6.500% | — | 22 | +$3,439 | |
| 18 | $10,374 | 6.750% | — | 10 | +$3,577 | |
| 19 | $10,426 | 7.125% | — | 11 | +$3,629 | |
| 20 | $11,077 | 6.375% | — | 8 | +$4,280 |
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.