First Option Mortgage, LLC closing costs and rates (2024)
In 2024, First Option Mortgage, LLC originated 1,591 purchase mortgages at a median interest rate of 7.00% and median total closing costs of $9,752. That ranks #266 nationally by origination volume. For total closing costs among lenders with 500+ originations, First Option Mortgage, LLC ranks #537. That is $3,011 above the national median of $6,741. First Option Mortgage, LLC is most active in Georgia with 969 originations there.
Purchase Originations
1,591
Ranked #266 nationally
Median Total Costs
$9,752
+44.7% vs national ($6,741)
Median Rate
7.000%
+5.7% vs national (6.620%)
Median Origination
$4,884
Median Lender Credits
$86
Cost Rank (500+ vol.)
#537
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 991 | 7.125% | $8,286 | $5,167 |
| fha | 550 | 6.750% | $13,021 | $4,616 |
| va | 41 | 6.625% | $6,008 | $1,595 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 969 | 7.125% | $10,033 | #22 |
| Texas | 180 | 6.625% | $10,927 | #208 |
| Indiana | 158 | 6.750% | $6,930 | #93 |
| Florida | 98 | 6.995% | $9,960 | #252 |
| Nevada | 49 | 6.875% | $10,938 | — |
| Louisiana | 42 | 7.000% | $6,739 | — |
| Maryland | 33 | 7.000% | $11,469 | — |
| South Carolina | 15 | 7.125% | $9,146 | — |
| Tennessee | 7 | 6.625% | $9,355 | — |
| Virginia | 7 | 6.750% | $10,191 | — |
| Alabama | 6 | 7.000% | $9,965 | — |
| Missouri | 6 | 6.812% | $5,264 | — |
| Pennsylvania | 5 | 7.125% | $11,236 | — |
| North Carolina | 3 | 9.125% | $9,711 | — |
| Oklahoma | 2 | 7.058% | $4,842 | — |
| Arkansas | 1 | 7.125% | $7,338 | — |
| California | 1 | 5.750% | $6,706 | — |
| Colorado | 1 | 7.375% | $11,708 | — |
| District of Columbia | 1 | 6.750% | $17,314 | — |
| Illinois | 1 | 6.875% | $8,390 | — |
| Kentucky | 1 | 7.000% | $3,986 | — |
| Michigan | 1 | 5.625% | $10,237 | — |
| New Jersey | 1 | 6.375% | $22,965 | — |
| New Mexico | 1 | 7.000% | $4,808 | — |
| Ohio | 1 | 7.125% | $12,504 | — |
| Wisconsin | 1 | 7.125% | $7,229 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,259 | 7.062% | — | 18 | −$3,493 | |
| 2 | $7,329 | 6.688% | — | 58 | −$2,423 | |
| 3 | $8,223 | 6.875% | — | 19 | −$1,529 | |
| 4 | $9,182 | 7.125% | — | 27 | −$570 | |
| 5 | $9,218 | 7.125% | — | 66 | −$534 | |
| 6 | $9,258 | 7.125% | — | 115 | −$494 | |
| 7 | $9,404 | 7.125% | — | 20 | −$348 | |
| 8 | $9,566 | 6.750% | — | 25 | −$186 | |
| 9 | $10,148 | 6.750% | — | 37 | +$396 | |
| 10 | $10,234 | 6.875% | — | 43 | +$482 | |
| 11 | $10,429 | 7.000% | — | 24 | +$677 | |
| 12 | $10,431 | 6.625% | — | 20 | +$679 | |
| 13 | $10,486 | 6.500% | — | 59 | +$734 | |
| 14 | $10,508 | 7.125% | — | 339 | +$756 | |
| 15 | $10,520 | 6.933% | — | 42 | +$768 | |
| 16 | $10,765 | 7.125% | — | 37 | +$1,013 | |
| 17 | $10,915 | 6.875% | — | 48 | +$1,163 | |
| 18 | $10,968 | 7.250% | — | 30 | +$1,216 | |
| 19 | $12,100 | 6.562% | — | 18 | +$2,348 | |
| 20 | $13,723 | 7.125% | — | 19 | +$3,971 |
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.