FIRST BANCORP, INC. closing costs and rates (2024)
In 2024, FIRST BANCORP, INC. originated 241 purchase mortgages at a median interest rate of 7.50% and median total closing costs of $4,127. That is $2,614 below the national median of $6,741. FIRST BANCORP, INC. is most active in Virginia with 183 originations there.
Purchase Originations
241
Median Total Costs
$4,127
−38.8% vs national ($6,741)
Median Rate
7.500%
+13.3% vs national (6.620%)
Median Origination
$1,839
Median Lender Credits
$39
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 241 | 7.500% | $4,127 | $1,839 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 183 | 7.500% | $3,956 | #92 |
| Tennessee | 41 | 7.375% | $4,759 | — |
| North Carolina | 13 | 7.625% | $5,826 | — |
| Maryland | 2 | 8.990% | $3,402 | — |
| South Carolina | 1 | 7.375% | $4,053 | — |
| West Virginia | 1 | 8.250% | $2,328 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,239 | 7.990% | — | 3 | −$1,888 | |
| 2 | $3,021 | 7.625% | — | 6 | −$1,106 | |
| 3 | $3,102 | 7.688% | — | 8 | −$1,025 | |
| 4 | $3,398 | 6.875% | — | 11 | −$729 | |
| 5 | $3,461 | 7.125% | — | 3 | −$666 | |
| 6 | $3,525 | 7.750% | — | 5 | −$602 | |
| 7 | $3,576 | 7.375% | — | 5 | −$551 | |
| 8 | $3,590 | 7.500% | — | 4 | −$537 | |
| 9 | $3,606 | 7.870% | — | 18 | −$521 | |
| 10 | $3,702 | 7.500% | — | 13 | −$425 | |
| 11 | $4,154 | 7.125% | — | 7 | +$27 | |
| 12 | $4,165 | 6.990% | — | 16 | +$38 | |
| 13 | $4,263 | 7.562% | — | 10 | +$136 | |
| 14 | $4,759 | 7.750% | — | 5 | +$632 | |
| 15 | $4,820 | 7.263% | — | 4 | +$693 | |
| 16 | $4,841 | 7.500% | — | 29 | +$714 | |
| 17 | $4,886 | 7.125% | — | 19 | +$759 | |
| 18 | $5,592 | 7.125% | — | 3 | +$1,465 | |
| 19 | $7,483 | 7.125% | — | 3 | +$3,356 | |
| 20 | $9,427 | 7.062% | — | 4 | +$5,300 |
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.