First American Bank closing costs and rates (2024)
In 2024, First American Bank originated 130 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,112. That is $1,629 below the national median of $6,741. First American Bank is most active in Illinois with 107 originations there.
Purchase Originations
130
Median Total Costs
$5,112
−24.2% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$949
Median Lender Credits
$500
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 130 | 6.625% | $5,112 | $949 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,235 | 6.375% | — | 3 | −$2,877 | |
| 2 | $2,264 | 6.875% | — | 3 | −$2,848 | |
| 3 | $2,686 | 6.375% | — | 7 | −$2,426 | |
| 4 | $2,943 | 6.375% | — | 1 | −$2,169 | |
| 5 | $2,959 | 6.375% | — | 1 | −$2,153 | |
| 6 | $3,342 | 6.500% | — | 1 | −$1,770 | |
| 7 | $3,792 | 5.875% | — | 1 | −$1,320 | |
| 8 | $3,890 | 6.875% | — | 1 | −$1,222 | |
| 9 | $3,919 | 5.125% | — | 1 | −$1,193 | |
| 10 | $4,630 | 6.938% | — | 2 | −$482 | |
| 11 | $4,884 | 6.750% | — | 1 | −$228 | |
| 12 | $4,993 | 6.500% | — | 5 | −$119 | |
| 13 | $5,007 | 6.625% | — | 10 | −$105 | |
| 14 | $5,127 | 6.625% | — | 12 | +$15 | |
| 15 | $5,133 | 6.500% | — | 6 | +$21 | |
| 16 | $5,200 | 6.750% | — | 14 | +$88 | |
| 17 | $5,353 | 6.750% | — | 39 | +$241 | |
| 18 | $5,353 | 6.750% | — | 11 | +$241 | |
| 19 | $7,926 | 6.375% | — | 1 | +$2,814 | |
| 20 | $9,632 | 6.750% | — | 1 | +$4,520 |
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.