FIRST COMMUNITY MORTGAGE, INC. closing costs and rates (2024)
In 2024, FIRST COMMUNITY MORTGAGE, INC. originated 8,343 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,181. That ranks #54 nationally by origination volume. For total closing costs among lenders with 500+ originations, FIRST COMMUNITY MORTGAGE, INC. ranks #382. That is $440 above the national median of $6,741. FIRST COMMUNITY MORTGAGE, INC. is most active in Tennessee with 1,833 originations there.
Purchase Originations
8,343
Ranked #54 nationally
Median Total Costs
$7,181
+6.5% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,098
Median Lender Credits
$372
Cost Rank (500+ vol.)
#382
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 4,654 | 6.750% | $5,519 | $2,986 |
| fha | 2,532 | 6.625% | $10,836 | $3,778 |
| va | 755 | 6.490% | $8,098 | $1,799 |
| usda | 402 | 6.312% | $6,469 | $2,578 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 1,833 | 6.500% | $9,089 | #8 |
| Michigan | 892 | 6.750% | $4,994 | #19 |
| Ohio | 855 | 6.875% | $6,379 | #30 |
| Florida | 530 | 6.750% | $9,801 | #84 |
| Georgia | 494 | 6.625% | $8,822 | #53 |
| Indiana | 487 | 6.990% | $5,989 | #34 |
| Virginia | 454 | 6.625% | $8,569 | #48 |
| Pennsylvania | 379 | 6.625% | $6,496 | #55 |
| Alabama | 312 | 6.490% | $6,045 | #38 |
| Louisiana | 276 | 6.625% | $6,101 | #28 |
| North Carolina | 234 | 6.625% | $7,773 | #96 |
| Kentucky | 182 | 6.625% | $6,313 | #56 |
| Arkansas | 167 | 6.500% | $5,697 | #44 |
| Mississippi | 148 | 6.562% | $6,133 | #34 |
| Maryland | 132 | 6.562% | $8,212 | #87 |
| Massachusetts | 130 | 6.625% | $5,692 | #76 |
| California | 106 | 6.490% | $9,106 | #198 |
| Illinois | 97 | 7.125% | $9,196 | #145 |
| Texas | 96 | 6.750% | $9,304 | #279 |
| Iowa | 89 | 6.625% | $4,936 | #67 |
| South Carolina | 83 | 6.875% | $7,344 | #131 |
| Wisconsin | 69 | 6.875% | $6,042 | #118 |
| Delaware | 34 | 6.625% | $9,161 | — |
| Nebraska | 34 | 6.625% | $7,471 | — |
| Missouri | 31 | 6.750% | $5,253 | — |
| Kansas | 27 | 6.875% | $5,178 | — |
| New Jersey | 27 | 6.625% | $9,234 | — |
| Idaho | 19 | 6.250% | $15,233 | — |
| Colorado | 15 | 6.875% | $4,372 | — |
| New Hampshire | 15 | 6.625% | $5,156 | — |
| Nevada | 14 | 6.750% | $9,981 | — |
| New Mexico | 13 | 6.750% | $4,834 | — |
| Arizona | 11 | 6.875% | $10,490 | — |
| Oklahoma | 9 | 6.490% | $6,309 | — |
| Minnesota | 7 | 6.990% | $5,466 | — |
| District of Columbia | 6 | 6.808% | $10,062 | — |
| Maine | 6 | 6.808% | $6,374 | — |
| North Dakota | 6 | 6.562% | $6,922 | — |
| Rhode Island | 5 | 6.875% | $16,980 | — |
| Connecticut | 4 | 7.058% | $11,810 | — |
| South Dakota | 3 | 6.750% | $7,412 | — |
| West Virginia | 3 | 7.125% | $6,959 | — |
| Montana | 2 | 6.812% | $7,246 | — |
| Washington | 2 | 7.312% | $4,807 | — |
| Wyoming | 2 | 7.938% | $6,271 | — |
| Oregon | 1 | 5.990% | $6,907 | — |
| Utah | 1 | 5.625% | $11,823 | — |
| Vermont | 1 | 6.750% | $3,757 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,382 | 6.625% | — | 67 | −$2,799 | |
| 2 | $4,688 | 6.875% | — | 147 | −$2,493 | |
| 3 | $4,963 | 6.625% | — | 83 | −$2,218 | |
| 4 | $5,072 | 6.875% | — | 111 | −$2,109 | |
| 5 | $5,509 | 6.625% | — | 89 | −$1,672 | |
| 6 | $5,851 | 6.875% | — | 122 | −$1,330 | |
| 7 | $6,163 | 6.875% | — | 181 | −$1,018 | |
| 8 | $6,253 | 6.990% | — | 213 | −$928 | |
| 9 | $6,580 | 6.875% | — | 111 | −$601 | |
| 10 | $6,595 | 6.312% | — | 68 | −$586 | |
| 11 | $6,657 | 6.875% | — | 68 | −$524 | |
| 12 | $7,753 | 6.375% | — | 100 | +$572 | |
| 13 | $8,057 | 6.490% | — | 68 | +$876 | |
| 14 | $9,335 | 7.125% | — | 68 | +$2,154 | |
| 15 | $9,839 | 6.625% | — | 69 | +$2,658 | |
| 16 | $10,576 | 6.625% | — | 90 | +$3,395 | |
| 17 | $10,656 | 6.312% | — | 108 | +$3,475 | |
| 18 | $11,201 | 6.625% | — | 97 | +$4,020 | |
| 19 | $11,337 | 6.375% | — | 270 | +$4,156 | |
| 20 | $11,385 | 6.500% | — | 130 | +$4,204 |
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.