FAIRWAY INDEPENDENT MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, FAIRWAY INDEPENDENT MORTGAGE CORPORATION originated 57,766 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $6,937. That ranks #6 nationally by origination volume. For total closing costs among lenders with 500+ originations, FAIRWAY INDEPENDENT MORTGAGE CORPORATION ranks #361. That is $196 above the national median of $6,741. FAIRWAY INDEPENDENT MORTGAGE CORPORATION is most active in Texas with 6,532 originations there.
Purchase Originations
57,766
Ranked #6 nationally
Median Total Costs
$6,937
+2.9% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,815
Median Lender Credits
$137
Cost Rank (500+ vol.)
#361
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 37,185 | 6.875% | $5,866 | $2,754 |
| fha | 14,306 | 6.750% | $11,159 | $3,548 |
| va | 5,542 | 6.375% | $7,026 | $1,116 |
| usda | 733 | 6.625% | $7,043 | $3,155 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 6,532 | 6.750% | $8,511 | #7 |
| Arizona | 3,232 | 6.750% | $9,318 | #3 |
| Georgia | 3,083 | 6.750% | $7,585 | #5 |
| Illinois | 2,886 | 6.990% | $7,154 | #6 |
| North Carolina | 2,688 | 6.750% | $6,345 | #8 |
| Indiana | 2,642 | 6.990% | $4,589 | #5 |
| Florida | 2,636 | 6.750% | $8,817 | #16 |
| Wisconsin | 2,284 | 6.750% | $4,203 | #1 |
| Ohio | 2,188 | 6.990% | $5,670 | #11 |
| California | 2,043 | 6.625% | $10,890 | #24 |
| Minnesota | 2,008 | 6.875% | $6,315 | #4 |
| Washington | 1,839 | 6.750% | $8,658 | #8 |
| Colorado | 1,836 | 6.750% | $7,602 | #4 |
| Missouri | 1,774 | 6.750% | $4,225 | #8 |
| Massachusetts | 1,621 | 6.750% | $5,514 | #6 |
| Alabama | 1,545 | 6.750% | $5,396 | #6 |
| Kansas | 1,503 | 6.750% | $4,009 | #1 |
| Virginia | 1,393 | 6.750% | $7,118 | #15 |
| Tennessee | 1,206 | 6.625% | $8,100 | #11 |
| Pennsylvania | 1,056 | 6.750% | $6,290 | #19 |
| South Carolina | 1,007 | 6.750% | $7,416 | #15 |
| Maryland | 894 | 6.750% | $8,120 | #14 |
| Oregon | 868 | 6.625% | $9,402 | #8 |
| Connecticut | 777 | 6.750% | $6,246 | #5 |
| New York | 711 | 6.750% | $7,647 | #30 |
| New Jersey | 655 | 6.750% | $7,833 | #25 |
| Arkansas | 603 | 6.750% | $6,980 | #9 |
| Utah | 584 | 6.625% | $6,778 | #12 |
| Kentucky | 460 | 6.875% | $5,767 | #23 |
| New Hampshire | 457 | 6.875% | $5,184 | #5 |
| Wyoming | 456 | 6.625% | $8,229 | #1 |
| Nevada | 438 | 6.875% | $8,904 | #20 |
| Idaho | 420 | 6.625% | $9,311 | #8 |
| North Dakota | 414 | 6.375% | $7,799 | #2 |
| Nebraska | 400 | 6.750% | $4,670 | #12 |
| Maine | 372 | 6.625% | $6,625 | #6 |
| Louisiana | 292 | 6.750% | $7,890 | #27 |
| Iowa | 254 | 6.990% | $4,571 | #26 |
| South Dakota | 254 | 6.490% | $4,986 | #6 |
| Michigan | 236 | 6.750% | $5,179 | #71 |
| Delaware | 210 | 6.625% | $5,862 | #14 |
| Oklahoma | 189 | 6.875% | $7,321 | #44 |
| Mississippi | 174 | 6.490% | $7,514 | #30 |
| Montana | 154 | 6.250% | $9,448 | #12 |
| Hawaii | 110 | 6.625% | $13,631 | #18 |
| Vermont | 104 | 6.625% | $6,616 | #11 |
| Rhode Island | 85 | 6.875% | $4,869 | #28 |
| District of Columbia | 75 | 6.625% | $7,939 | #19 |
| New Mexico | 69 | 6.625% | $5,654 | #52 |
| Alaska | 32 | 6.558% | $10,861 | — |
| West Virginia | 17 | 6.875% | $5,255 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,414 | 6.625% | — | 575 | −$3,523 | |
| 2 | $3,783 | 6.625% | — | 339 | −$3,154 | |
| 3 | $4,029 | 6.875% | — | 319 | −$2,908 | |
| 4 | $4,223 | 6.625% | — | 486 | −$2,714 | |
| 5 | $4,717 | 6.875% | — | 427 | −$2,220 | |
| 6 | $4,777 | 6.990% | — | 635 | −$2,160 | |
| 7 | $5,495 | 6.625% | — | 803 | −$1,442 | |
| 8 | $6,267 | 6.990% | — | 412 | −$670 | |
| 9 | $6,786 | 6.875% | — | 492 | −$151 | |
| 10 | $7,859 | 6.990% | — | 1,179 | +$922 | |
| 11 | $8,353 | 6.625% | — | 588 | +$1,416 | |
| 12 | $8,416 | 6.750% | — | 333 | +$1,479 | |
| 13 | $8,446 | 6.625% | — | 324 | +$1,509 | |
| 14 | $8,547 | 6.750% | — | 331 | +$1,610 | |
| 15 | $8,694 | 6.625% | — | 355 | +$1,757 | |
| 16 | $9,183 | 6.875% | — | 439 | +$2,246 | |
| 17 | $9,189 | 6.990% | — | 361 | +$2,252 | |
| 18 | $9,276 | 6.750% | — | 563 | +$2,339 | |
| 19 | $9,546 | 6.750% | — | 1,985 | +$2,609 | |
| 20 | $10,996 | 6.875% | — | 348 | +$4,059 |
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.