EMBRACE HOME LOANS, INC. closing costs and rates (2024)
In 2024, EMBRACE HOME LOANS, INC. originated 3,968 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,657. That ranks #120 nationally by origination volume. For total closing costs among lenders with 500+ originations, EMBRACE HOME LOANS, INC. ranks #416. That is $916 above the national median of $6,741. EMBRACE HOME LOANS, INC. is most active in Maryland with 735 originations there.
Purchase Originations
3,968
Ranked #120 nationally
Median Total Costs
$7,657
+13.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,756
Median Lender Credits
$135
Cost Rank (500+ vol.)
#416
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,637 | 6.875% | $6,660 | $2,530 |
| fha | 925 | 6.490% | $12,699 | $3,383 |
| va | 371 | 6.250% | $9,927 | $2,739 |
| usda | 35 | 6.250% | $7,324 | $2,801 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 735 | 6.625% | $8,424 | #19 |
| Virginia | 639 | 6.625% | $7,693 | #34 |
| New York | 514 | 6.625% | $7,233 | #45 |
| Florida | 511 | 6.625% | $10,453 | #89 |
| New Jersey | 445 | 6.875% | $7,311 | #33 |
| Alabama | 251 | 6.625% | $7,570 | #47 |
| Massachusetts | 165 | 6.625% | $5,990 | #59 |
| Pennsylvania | 116 | 6.625% | $7,767 | #149 |
| Delaware | 71 | 6.625% | $8,150 | #37 |
| Rhode Island | 69 | 6.750% | $6,199 | #33 |
| District of Columbia | 58 | 6.625% | $10,533 | #23 |
| Maine | 54 | 6.625% | $4,758 | #41 |
| West Virginia | 49 | 6.625% | $7,455 | — |
| Tennessee | 35 | 6.490% | $9,089 | — |
| New Hampshire | 34 | 6.990% | $4,599 | — |
| Texas | 28 | 6.990% | $6,673 | — |
| North Carolina | 27 | 6.625% | $5,052 | — |
| South Carolina | 19 | 6.990% | $7,125 | — |
| California | 17 | 6.875% | $7,077 | — |
| Connecticut | 17 | 6.990% | $6,180 | — |
| Washington | 17 | 6.875% | $5,201 | — |
| Georgia | 12 | 6.750% | $8,897 | — |
| Illinois | 12 | 7.058% | $6,870 | — |
| Ohio | 9 | 6.750% | $5,270 | — |
| Michigan | 7 | 6.990% | $4,920 | — |
| Arizona | 6 | 6.250% | $6,730 | — |
| Louisiana | 5 | 6.750% | $4,665 | — |
| Mississippi | 5 | 6.250% | $11,422 | — |
| Idaho | 4 | 6.990% | $6,365 | — |
| Minnesota | 4 | 6.808% | $5,072 | — |
| Oregon | 4 | 6.562% | $5,197 | — |
| Colorado | 3 | 6.500% | $7,667 | — |
| Indiana | 3 | 7.125% | $5,221 | — |
| Kentucky | 3 | 6.990% | $6,004 | — |
| Missouri | 3 | 7.375% | $4,810 | — |
| Vermont | 3 | 6.990% | $8,579 | — |
| Wisconsin | 3 | 7.375% | $4,914 | — |
| Arkansas | 2 | 6.308% | $4,610 | — |
| Iowa | 2 | 6.808% | $3,218 | — |
| Kansas | 2 | 6.058% | $4,321 | — |
| Oklahoma | 2 | 7.183% | $4,945 | — |
| Montana | 1 | 5.990% | $6,955 | — |
| South Dakota | 1 | 7.875% | $3,914 | — |
| Utah | 1 | 7.875% | $12,642 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,754 | 6.625% | — | 49 | −$1,903 | |
| 2 | $6,714 | 6.875% | — | 163 | −$943 | |
| 3 | $6,977 | 6.750% | — | 59 | −$680 | |
| 4 | $7,216 | 6.625% | — | 321 | −$441 | |
| 5 | $7,285 | 6.625% | — | 120 | −$372 | |
| 6 | $7,327 | 6.875% | — | 106 | −$330 | |
| 7 | $7,336 | 6.625% | — | 157 | −$321 | |
| 8 | $7,432 | 6.625% | — | 224 | −$225 | |
| 9 | $7,465 | 6.875% | — | 64 | −$192 | |
| 10 | $7,546 | 6.625% | — | 46 | −$111 | |
| 11 | $7,775 | 6.562% | — | 56 | +$118 | |
| 12 | $7,858 | 6.875% | — | 59 | +$201 | |
| 13 | $8,434 | 6.625% | — | 49 | +$777 | |
| 14 | $9,468 | 6.625% | — | 134 | +$1,811 | |
| 15 | $10,533 | 6.625% | — | 58 | +$2,876 | |
| 16 | $11,043 | 6.750% | — | 152 | +$3,386 | |
| 17 | $11,560 | 6.750% | — | 93 | +$3,903 | |
| 18 | $11,763 | 6.500% | — | 79 | +$4,106 | |
| 19 | $11,989 | 6.495% | — | 46 | +$4,332 | |
| 20 | $15,227 | 6.000% | — | 73 | +$7,570 |
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.