Cornerstone First Mortgage, Inc closing costs and rates (2024)
In 2024, Cornerstone First Mortgage, Inc originated 2,373 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $10,354. That ranks #189 nationally by origination volume. For total closing costs among lenders with 500+ originations, Cornerstone First Mortgage, Inc ranks #566. That is $3,613 above the national median of $6,741. Cornerstone First Mortgage, Inc is most active in Florida with 470 originations there.
Purchase Originations
2,373
Ranked #189 nationally
Median Total Costs
$10,354
+53.6% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$4,321
Median Lender Credits
$402
Cost Rank (500+ vol.)
#566
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,253 | 6.875% | $7,763 | $4,300 |
| fha | 858 | 6.625% | $14,478 | $4,640 |
| va | 229 | 6.375% | $10,390 | $3,810 |
| usda | 33 | 6.375% | $6,970 | $2,947 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 470 | 6.750% | $12,112 | #94 |
| New Jersey | 303 | 6.875% | $9,726 | #49 |
| California | 276 | 6.625% | $11,507 | #118 |
| Washington | 243 | 6.625% | $12,269 | #59 |
| Texas | 121 | 6.500% | $11,147 | #248 |
| Georgia | 113 | 6.625% | $11,187 | #130 |
| Alabama | 85 | 6.875% | $6,675 | #104 |
| Arizona | 72 | 6.500% | $10,575 | #119 |
| Illinois | 68 | 7.000% | $7,059 | #169 |
| Louisiana | 60 | 6.750% | $7,549 | #72 |
| Michigan | 51 | 6.625% | $5,583 | #152 |
| Oregon | 48 | 6.875% | $10,590 | — |
| Colorado | 44 | 6.375% | $13,189 | — |
| Ohio | 40 | 6.624% | $5,234 | — |
| Virginia | 33 | 6.750% | $10,197 | — |
| Tennessee | 32 | 6.625% | $8,968 | — |
| Nevada | 29 | 6.500% | $10,125 | — |
| Utah | 29 | 6.625% | $9,873 | — |
| Missouri | 26 | 6.750% | $5,665 | — |
| Oklahoma | 26 | 6.750% | $6,563 | — |
| Arkansas | 25 | 7.000% | $7,276 | — |
| North Carolina | 23 | 6.500% | $7,595 | — |
| Idaho | 22 | 6.375% | $9,350 | — |
| Pennsylvania | 19 | 7.125% | $10,903 | — |
| South Carolina | 16 | 6.688% | $10,358 | — |
| Massachusetts | 15 | 6.625% | $17,352 | — |
| Maryland | 13 | 6.750% | $10,309 | — |
| Wisconsin | 10 | 6.625% | $8,500 | — |
| Mississippi | 9 | 6.250% | $9,935 | — |
| Hawaii | 8 | 6.808% | $13,673 | — |
| Montana | 7 | 6.490% | $7,498 | — |
| West Virginia | 6 | 6.688% | $5,444 | — |
| Delaware | 4 | 6.625% | $13,026 | — |
| Indiana | 4 | 7.312% | $12,407 | — |
| Connecticut | 3 | 6.750% | $11,320 | — |
| Kansas | 3 | 6.875% | $6,963 | — |
| Kentucky | 3 | 6.490% | $6,780 | — |
| Nebraska | 3 | 5.875% | $17,515 | — |
| New Mexico | 3 | 7.000% | $13,344 | — |
| District of Columbia | 2 | 6.938% | $36,599 | — |
| Iowa | 1 | 6.375% | $6,680 | — |
| Maine | 1 | 6.250% | $13,404 | — |
| Minnesota | 1 | 6.375% | $19,414 | — |
| North Dakota | 1 | 7.625% | $12,228 | — |
| New Hampshire | 1 | 7.000% | $4,605 | — |
| Vermont | 1 | 9.750% | $12,334 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,328 | 6.750% | — | 25 | −$5,026 | |
| 2 | $7,670 | 6.875% | — | 29 | −$2,684 | |
| 3 | $7,826 | 6.990% | — | 48 | −$2,528 | |
| 4 | $8,630 | 6.875% | — | 45 | −$1,724 | |
| 5 | $9,926 | 6.625% | — | 39 | −$428 | |
| 6 | $10,069 | 6.750% | — | 31 | −$285 | |
| 7 | $10,396 | 6.875% | — | 27 | +$42 | |
| 8 | $10,885 | 6.812% | — | 56 | +$531 | |
| 9 | $11,759 | 6.990% | — | 25 | +$1,405 | |
| 10 | $11,996 | 6.750% | — | 46 | +$1,642 | |
| 11 | $12,062 | 6.750% | — | 37 | +$1,708 | |
| 12 | $12,234 | 6.750% | — | 33 | +$1,880 | |
| 13 | $12,319 | 6.933% | — | 32 | +$1,965 | |
| 14 | $12,425 | 6.625% | — | 56 | +$2,071 | |
| 15 | $12,748 | 6.625% | — | 63 | +$2,394 | |
| 16 | $14,090 | 6.750% | — | 45 | +$3,736 | |
| 17 | $14,765 | 6.625% | — | 27 | +$4,411 | |
| 18 | $14,784 | 6.750% | — | 35 | +$4,430 | |
| 19 | $15,100 | 6.750% | — | 86 | +$4,746 | |
| 20 | $16,081 | 6.125% | — | 29 | +$5,727 |
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.