First Reliance Bank closing costs and rates (2024)
In 2024, First Reliance Bank originated 836 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,295. That ranks #426 nationally by origination volume. For total closing costs among lenders with 500+ originations, First Reliance Bank ranks #138. That is $2,446 below the national median of $6,741. First Reliance Bank is most active in South Carolina with 596 originations there.
Purchase Originations
836
Ranked #426 nationally
Median Total Costs
$4,295
−36.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,400
Median Lender Credits
$36
Cost Rank (500+ vol.)
#138
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 758 | 6.625% | $4,162 | $1,455 |
| va | 29 | 6.250% | $5,931 | $975 |
| fha | 26 | 6.188% | $7,667 | $975 |
| usda | 23 | 6.250% | $6,306 | $1,825 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Carolina | 596 | 6.500% | $4,238 | #27 |
| Virginia | 110 | 6.500% | $3,847 | #124 |
| Georgia | 65 | 6.375% | $6,592 | #172 |
| North Carolina | 35 | 6.625% | $4,691 | — |
| West Virginia | 20 | 6.250% | $3,580 | — |
| Florida | 6 | 6.812% | $6,766 | — |
| Texas | 3 | 6.375% | $3,979 | — |
| Montana | 1 | 6.375% | $3,721 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,506 | 6.125% | — | 12 | −$789 | |
| 2 | $3,687 | 6.375% | — | 9 | −$608 | |
| 3 | $3,713 | 6.500% | — | 19 | −$582 | |
| 4 | $3,721 | 6.875% | — | 17 | −$574 | |
| 5 | $3,874 | 6.500% | — | 75 | −$421 | |
| 6 | $3,910 | 6.500% | — | 10 | −$385 | |
| 7 | $3,962 | 7.125% | — | 7 | −$333 | |
| 8 | $4,010 | 6.625% | — | 151 | −$285 | |
| 9 | $4,053 | 6.500% | — | 73 | −$242 | |
| 10 | $4,063 | 6.875% | — | 7 | −$232 | |
| 11 | $4,213 | 6.500% | — | 27 | −$82 | |
| 12 | $4,236 | 6.250% | — | 59 | −$59 | |
| 13 | $4,245 | 6.625% | — | 11 | −$50 | |
| 14 | $4,258 | 6.438% | — | 20 | −$37 | |
| 15 | $4,266 | 6.125% | — | 9 | −$29 | |
| 16 | $4,301 | 6.500% | — | 6 | +$6 | |
| 17 | $4,546 | 6.375% | — | 46 | +$251 | |
| 18 | $4,728 | 6.750% | — | 54 | +$433 | |
| 19 | $5,150 | 6.125% | — | 7 | +$855 | |
| 20 | $6,380 | 6.125% | — | 29 | +$2,085 |
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.