Deerwood Bank closing costs and rates (2024)
In 2024, Deerwood Bank originated 205 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $5,213. That is $1,528 below the national median of $6,741. Deerwood Bank is most active in Minnesota with 201 originations there.
Purchase Originations
205
Median Total Costs
$5,213
−22.7% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,979
Median Lender Credits
$89
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 205 | 6.750% | $5,213 | $2,979 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,163 | 7.125% | — | 4 | −$2,050 | |
| 2 | $3,275 | 7.875% | — | 3 | −$1,938 | |
| 3 | $3,275 | 4.750% | — | 1 | −$1,938 | |
| 4 | $4,068 | 7.562% | — | 2 | −$1,145 | |
| 5 | $4,108 | 6.750% | — | 5 | −$1,105 | |
| 6 | $4,632 | 7.000% | — | 25 | −$581 | |
| 7 | $4,713 | 6.688% | — | 10 | −$500 | |
| 8 | $4,745 | 6.312% | — | 18 | −$468 | |
| 9 | $5,005 | 7.250% | — | 5 | −$208 | |
| 10 | $5,144 | 6.625% | — | 6 | −$69 | |
| 11 | $5,194 | 6.938% | — | 16 | −$19 | |
| 12 | $5,206 | 6.500% | — | 12 | −$7 | |
| 13 | $5,261 | 6.375% | — | 4 | +$48 | |
| 14 | $5,267 | 6.625% | — | 21 | +$54 | |
| 15 | $5,506 | 6.875% | — | 39 | +$293 | |
| 16 | $6,166 | 6.875% | — | 9 | +$953 | |
| 17 | $6,560 | 6.625% | — | 7 | +$1,347 | |
| 18 | $7,090 | 8.000% | — | 3 | +$1,877 | |
| 19 | $9,129 | 6.812% | — | 2 | +$3,916 | |
| 20 | $11,267 | 6.500% | — | 1 | +$6,054 |
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.