FIRST EQUITY MORTGAGE BANKERS, INC. closing costs and rates (2024)
In 2024, FIRST EQUITY MORTGAGE BANKERS, INC. originated 809 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $8,383. That ranks #439 nationally by origination volume. For total closing costs among lenders with 500+ originations, FIRST EQUITY MORTGAGE BANKERS, INC. ranks #467. That is $1,642 above the national median of $6,741. FIRST EQUITY MORTGAGE BANKERS, INC. is most active in Puerto Rico with 630 originations there.
Purchase Originations
809
Ranked #439 nationally
Median Total Costs
$8,383
+24.4% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$3,533
Median Lender Credits
$20
Cost Rank (500+ vol.)
#467
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 387 | 6.750% | $8,641 | $3,270 |
| conventional | 319 | 7.000% | $7,817 | $4,130 |
| usda | 53 | 6.250% | $7,489 | $3,333 |
| va | 50 | 6.250% | $9,318 | $4,474 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Puerto Rico | 630 | 6.750% | $7,914 | #4 |
| Florida | 179 | 6.875% | $11,980 | #178 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,823 | 6.750% | — | 9 | −$1,560 | |
| 2 | $7,049 | 6.688% | — | 18 | −$1,334 | |
| 3 | $7,120 | 6.250% | — | 41 | −$1,263 | |
| 4 | $7,399 | 6.625% | — | 20 | −$984 | |
| 5 | $7,560 | 6.750% | — | 87 | −$823 | |
| 6 | $7,661 | 6.625% | — | 14 | −$722 | |
| 7 | $7,744 | 6.750% | — | 24 | −$639 | |
| 8 | $7,876 | 6.750% | — | 52 | −$507 | |
| 9 | $8,163 | 6.750% | — | 81 | −$220 | |
| 10 | $8,207 | 6.812% | — | 10 | −$176 | |
| 11 | $8,435 | 6.750% | — | 22 | +$52 | |
| 12 | $9,774 | 6.875% | — | 25 | +$1,391 | |
| 13 | $10,095 | 6.750% | — | 14 | +$1,712 | |
| 14 | $11,141 | 6.875% | — | 16 | +$2,758 | |
| 15 | $11,156 | 6.750% | — | 13 | +$2,773 | |
| 16 | $12,636 | 6.250% | — | 22 | +$4,253 | |
| 17 | $13,042 | 5.750% | — | 21 | +$4,659 | |
| 18 | $13,162 | 6.750% | — | 81 | +$4,779 | |
| 19 | $13,915 | 6.933% | — | 24 | +$5,532 | |
| 20 | $16,523 | 6.500% | — | 10 | +$8,140 |
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.