DREW MORTGAGE ASSOCIATES, INC. closing costs and rates (2024)
In 2024, DREW MORTGAGE ASSOCIATES, INC. originated 122 purchase mortgages at a median interest rate of 6.99% and median total closing costs of $5,986. That is $755 below the national median of $6,741. DREW MORTGAGE ASSOCIATES, INC. is most active in Massachusetts with 111 originations there.
Purchase Originations
122
Median Total Costs
$5,986
−11.2% vs national ($6,741)
Median Rate
6.990%
+5.6% vs national (6.620%)
Median Origination
$1,731
Median Lender Credits
$312
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 99 | 6.990% | $5,485 | $1,822 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 111 | 6.990% | $5,945 | #87 |
| New Hampshire | 5 | 7.125% | $11,246 | — |
| Maine | 3 | 6.990% | $7,222 | — |
| Connecticut | 2 | 6.875% | $7,053 | — |
| Florida | 1 | 7.500% | $5,690 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,266 | 6.125% | — | 1 | −$1,720 | |
| 2 | $5,268 | 7.125% | — | 9 | −$718 | |
| 3 | $5,303 | 6.990% | — | 27 | −$683 | |
| 4 | $5,466 | 6.990% | — | 1 | −$520 | |
| 5 | $5,616 | 6.990% | — | 5 | −$370 | |
| 6 | $5,690 | 7.500% | — | 1 | −$296 | |
| 7 | $5,901 | 6.688% | — | 6 | −$85 | |
| 8 | $5,936 | 6.625% | — | 5 | −$50 | |
| 9 | $6,068 | 6.990% | — | 53 | +$82 | |
| 10 | $7,053 | 6.875% | — | 2 | +$1,067 | |
| 11 | $7,222 | 6.990% | — | 1 | +$1,236 | |
| 12 | $8,417 | 7.990% | — | 1 | +$2,431 | |
| 13 | $10,481 | 7.125% | — | 2 | +$4,495 | |
| 14 | $10,552 | 5.750% | — | 2 | +$4,566 | |
| 15 | $10,818 | 6.875% | — | 2 | +$4,832 | |
| 16 | $11,246 | 7.125% | — | 3 | +$5,260 | |
| 17 | $13,683 | 7.125% | — | 1 | +$7,697 |
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.