FIRST COLONY MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, FIRST COLONY MORTGAGE CORPORATION originated 5,573 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $8,331. That ranks #87 nationally by origination volume. For total closing costs among lenders with 500+ originations, FIRST COLONY MORTGAGE CORPORATION ranks #463. That is $1,590 above the national median of $6,741. FIRST COLONY MORTGAGE CORPORATION is most active in Utah with 2,184 originations there.
Purchase Originations
5,573
Ranked #87 nationally
Median Total Costs
$8,331
+23.6% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$3,982
Median Lender Credits
$865
Cost Rank (500+ vol.)
#463
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,547 | 6.625% | $6,751 | $3,937 |
| fha | 1,422 | 6.250% | $14,705 | $5,231 |
| va | 501 | 6.125% | $8,171 | $1,773 |
| usda | 103 | 6.250% | $6,752 | $2,491 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Utah | 2,184 | 6.375% | $10,042 | #2 |
| Wisconsin | 654 | 6.625% | $4,056 | #20 |
| California | 442 | 6.500% | $8,585 | #81 |
| Idaho | 337 | 6.500% | $8,614 | #12 |
| Alabama | 276 | 6.500% | $7,245 | #45 |
| Florida | 193 | 6.375% | $11,364 | #171 |
| Pennsylvania | 193 | 6.500% | $9,440 | #103 |
| Georgia | 166 | 6.500% | $8,157 | #112 |
| Tennessee | 137 | 6.625% | $7,588 | #100 |
| Texas | 128 | 6.500% | $7,492 | #243 |
| Mississippi | 103 | 6.250% | $7,868 | #48 |
| New Jersey | 97 | 6.500% | $14,419 | #108 |
| Michigan | 89 | 6.750% | $5,007 | #116 |
| Nevada | 73 | 6.250% | $11,025 | #78 |
| Washington | 49 | 6.250% | $9,673 | — |
| Ohio | 45 | 6.625% | $5,875 | — |
| Oregon | 42 | 6.625% | $8,483 | — |
| North Dakota | 40 | 6.250% | $8,756 | — |
| Massachusetts | 38 | 6.625% | $8,844 | — |
| Oklahoma | 36 | 6.625% | $5,118 | — |
| Colorado | 33 | 6.250% | $8,464 | — |
| Virginia | 33 | 6.500% | $5,165 | — |
| Connecticut | 23 | 6.375% | $8,091 | — |
| Minnesota | 20 | 6.625% | $7,916 | — |
| North Carolina | 18 | 6.625% | $7,362 | — |
| Maryland | 14 | 6.500% | $7,787 | — |
| South Carolina | 14 | 6.625% | $4,967 | — |
| Arizona | 13 | 6.625% | $6,545 | — |
| Illinois | 13 | 6.750% | $7,955 | — |
| Indiana | 10 | 6.625% | $2,659 | — |
| West Virginia | 10 | 6.438% | $5,322 | — |
| New Hampshire | 9 | 6.250% | $3,963 | — |
| Louisiana | 8 | 6.750% | $7,618 | — |
| Kentucky | 7 | 6.625% | $6,318 | — |
| Montana | 6 | 6.250% | $5,559 | — |
| Kansas | 4 | 6.375% | $10,437 | — |
| Wyoming | 4 | 6.875% | $7,197 | — |
| Delaware | 3 | 6.500% | $5,580 | — |
| Maine | 2 | 5.938% | $5,067 | — |
| New Mexico | 2 | 6.500% | $6,196 | — |
| Rhode Island | 2 | 6.812% | $14,751 | — |
| Arkansas | 1 | 6.625% | $5,330 | — |
| Missouri | 1 | 7.125% | $2,982 | — |
| Nebraska | 1 | 7.500% | $3,393 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,290 | 6.750% | — | 85 | −$5,041 | |
| 2 | $3,553 | 6.625% | — | 123 | −$4,778 | |
| 3 | $3,986 | 6.625% | — | 61 | −$4,345 | |
| 4 | $5,286 | 6.562% | — | 122 | −$3,045 | |
| 5 | $5,568 | 6.500% | — | 45 | −$2,763 | |
| 6 | $6,798 | 6.625% | — | 75 | −$1,533 | |
| 7 | $7,463 | 6.500% | — | 46 | −$868 | |
| 8 | $7,674 | 6.375% | — | 192 | −$657 | |
| 9 | $7,726 | 6.500% | — | 91 | −$605 | |
| 10 | $7,947 | 6.500% | — | 48 | −$384 | |
| 11 | $7,976 | 6.500% | — | 129 | −$355 | |
| 12 | $8,125 | 6.625% | — | 147 | −$206 | |
| 13 | $8,676 | 6.625% | — | 114 | +$345 | |
| 14 | $8,732 | 6.125% | — | 75 | +$401 | |
| 15 | $9,039 | 6.375% | — | 122 | +$708 | |
| 16 | $9,656 | 6.250% | — | 43 | +$1,325 | |
| 17 | $9,885 | 6.312% | — | 54 | +$1,554 | |
| 18 | $10,348 | 6.125% | — | 46 | +$2,017 | |
| 19 | $10,777 | 6.375% | — | 970 | +$2,446 | |
| 20 | $10,820 | 6.250% | — | 541 | +$2,489 |
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.