DIRECT MORTGAGE LOANS, LLC closing costs and rates (2024)
In 2024, DIRECT MORTGAGE LOANS, LLC originated 2,115 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $9,693. That ranks #207 nationally by origination volume. For total closing costs among lenders with 500+ originations, DIRECT MORTGAGE LOANS, LLC ranks #535. That is $2,952 above the national median of $6,741. DIRECT MORTGAGE LOANS, LLC is most active in Maryland with 801 originations there.
Purchase Originations
2,115
Ranked #207 nationally
Median Total Costs
$9,693
+43.8% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$4,184
Median Lender Credits
$250
Cost Rank (500+ vol.)
#535
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,119 | 6.875% | $7,120 | $3,981 |
| fha | 772 | 6.625% | $12,323 | $4,201 |
| va | 173 | 6.625% | $11,768 | $5,406 |
| usda | 51 | 6.624% | $7,897 | $3,774 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 801 | 6.750% | $9,719 | #18 |
| Indiana | 280 | 6.625% | $9,298 | #63 |
| South Carolina | 233 | 6.500% | $10,643 | #66 |
| Arizona | 187 | 6.625% | $10,676 | #70 |
| Florida | 121 | 6.625% | $9,411 | #224 |
| Pennsylvania | 92 | 6.750% | $9,006 | #167 |
| Alabama | 63 | 6.875% | $8,535 | #118 |
| Ohio | 62 | 6.750% | $7,111 | #169 |
| Texas | 58 | 6.875% | $11,053 | #339 |
| Illinois | 39 | 6.750% | $12,244 | — |
| District of Columbia | 33 | 6.750% | $9,445 | — |
| North Carolina | 31 | 6.625% | $9,570 | — |
| Delaware | 26 | 6.625% | $9,210 | — |
| Virginia | 20 | 6.990% | $6,980 | — |
| West Virginia | 20 | 6.812% | $10,265 | — |
| Kentucky | 10 | 6.938% | $8,642 | — |
| Nevada | 8 | 6.562% | $12,338 | — |
| Georgia | 6 | 6.562% | $10,925 | — |
| Tennessee | 6 | 6.125% | $12,469 | — |
| New Jersey | 5 | 6.750% | $15,765 | — |
| Washington | 4 | 6.500% | $10,325 | — |
| Michigan | 3 | 7.125% | $10,789 | — |
| Mississippi | 3 | 6.625% | $10,081 | — |
| California | 1 | 8.000% | $54,930 | — |
| Kansas | 1 | 6.625% | $5,675 | — |
| Oregon | 1 | 7.625% | $13,807 | — |
| Wyoming | 1 | 7.000% | $10,558 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,230 | 6.750% | — | 122 | −$1,463 | |
| 2 | $8,249 | 6.625% | — | 37 | −$1,444 | |
| 3 | $8,405 | 6.750% | — | 53 | −$1,288 | |
| 4 | $8,558 | 6.750% | — | 49 | −$1,135 | |
| 5 | $8,780 | 6.875% | — | 39 | −$913 | |
| 6 | $9,076 | 6.990% | — | 41 | −$617 | |
| 7 | $9,168 | 6.625% | — | 162 | −$525 | |
| 8 | $9,445 | 6.750% | — | 33 | −$248 | |
| 9 | $9,539 | 6.625% | — | 85 | −$154 | |
| 10 | $9,722 | 6.875% | — | 41 | +$29 | |
| 11 | $10,245 | 6.750% | — | 181 | +$552 | |
| 12 | $10,361 | 6.500% | — | 72 | +$668 | |
| 13 | $10,447 | 6.688% | — | 80 | +$754 | |
| 14 | $10,658 | 6.625% | — | 71 | +$965 | |
| 15 | $10,676 | 6.625% | — | 135 | +$983 | |
| 16 | $10,795 | 6.875% | — | 73 | +$1,102 | |
| 17 | $10,933 | 6.875% | — | 31 | +$1,240 | |
| 18 | $11,834 | 6.500% | — | 62 | +$2,141 | |
| 19 | $11,962 | 6.500% | — | 37 | +$2,269 | |
| 20 | $12,176 | 6.995% | — | 42 | +$2,483 |
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.