DIRECTIONS EQUITY, LLC closing costs and rates (2024)
In 2024, DIRECTIONS EQUITY, LLC originated 1,141 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $6,636. That ranks #338 nationally by origination volume. For total closing costs among lenders with 500+ originations, DIRECTIONS EQUITY, LLC ranks #346. That is $105 below the national median of $6,741. DIRECTIONS EQUITY, LLC is most active in Texas with 1,094 originations there.
Purchase Originations
1,141
Ranked #338 nationally
Median Total Costs
$6,636
−1.6% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$0
Median Lender Credits
$39
Cost Rank (500+ vol.)
#346
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 514 | 6.500% | $7,182 | $0 |
| va | 359 | 6.124% | $4,937 | $0 |
| conventional | 267 | 6.624% | $5,351 | $1,860 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,094 | 6.375% | $6,556 | #62 |
| California | 37 | 6.624% | $9,734 | — |
| New Mexico | 6 | 5.500% | $4,378 | — |
| Florida | 1 | 6.625% | $6,897 | — |
| Mississippi | 1 | 5.624% | $12,259 | — |
| North Carolina | 1 | 6.250% | $7,834 | — |
| Tennessee | 1 | 6.375% | $22,447 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,821 | 7.375% | — | 4 | −$3,815 | |
| 2 | $4,378 | 5.500% | — | 6 | −$2,258 | |
| 3 | $5,019 | 6.125% | — | 15 | −$1,617 | |
| 4 | $5,717 | 6.562% | — | 14 | −$919 | |
| 5 | $5,792 | 6.058% | — | 4 | −$844 | |
| 6 | $5,796 | 6.625% | — | 18 | −$840 | |
| 7 | $5,802 | 6.500% | — | 4 | −$834 | |
| 8 | $5,979 | 6.750% | — | 45 | −$657 | |
| 9 | $6,243 | 6.125% | — | 21 | −$393 | |
| 10 | $6,330 | 6.375% | — | 45 | −$306 | |
| 11 | $6,406 | 6.250% | — | 513 | −$230 | |
| 12 | $6,592 | 6.625% | — | 64 | −$44 | |
| 13 | $6,814 | 6.375% | — | 132 | +$178 | |
| 14 | $6,833 | 5.750% | — | 86 | +$197 | |
| 15 | $7,443 | 6.624% | — | 37 | +$807 | |
| 16 | $7,448 | 6.625% | — | 5 | +$812 | |
| 17 | $7,460 | 5.875% | — | 15 | +$824 | |
| 18 | $9,056 | 6.688% | — | 26 | +$2,420 | |
| 19 | $12,082 | 6.812% | — | 6 | +$5,446 | |
| 20 | $12,600 | 5.875% | — | 6 | +$5,964 |
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.