FirstBank closing costs and rates (2024)
In 2024, FirstBank originated 3,045 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,490. That ranks #152 nationally by origination volume. For total closing costs among lenders with 500+ originations, FirstBank ranks #243. That is $1,251 below the national median of $6,741. FirstBank is most active in Tennessee with 1,618 originations there.
Purchase Originations
3,045
Ranked #152 nationally
Median Total Costs
$5,490
−18.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,711
Median Lender Credits
$342
Cost Rank (500+ vol.)
#243
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,093 | 6.625% | $4,745 | $1,613 |
| fha | 660 | 6.250% | $10,028 | $2,342 |
| va | 223 | 6.125% | $4,749 | $571 |
| usda | 69 | 6.375% | $7,184 | $2,622 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 1,618 | 6.625% | $5,425 | #9 |
| Alabama | 1,001 | 6.500% | $5,614 | #12 |
| Georgia | 271 | 6.625% | $5,747 | #83 |
| Kentucky | 44 | 6.990% | $4,824 | — |
| Mississippi | 22 | 7.592% | $5,065 | — |
| Florida | 17 | 6.625% | $6,089 | — |
| North Carolina | 10 | 6.625% | $7,067 | — |
| South Carolina | 6 | 6.870% | $12,902 | — |
| Texas | 6 | 6.625% | $6,956 | — |
| Virginia | 6 | 6.625% | $4,841 | — |
| Louisiana | 5 | 6.990% | $5,793 | — |
| Pennsylvania | 5 | 6.625% | $6,258 | — |
| Colorado | 4 | 6.500% | $3,112 | — |
| Michigan | 4 | 6.870% | $4,173 | — |
| Ohio | 4 | 6.562% | $4,948 | — |
| Illinois | 3 | 6.990% | $6,262 | — |
| Arkansas | 2 | 6.750% | $4,499 | — |
| Arizona | 2 | 4.562% | $3,261 | — |
| Missouri | 2 | 6.562% | $9,140 | — |
| Oregon | 2 | 6.875% | $5,941 | — |
| Wisconsin | 2 | 6.808% | $3,281 | — |
| California | 1 | 6.500% | $8,552 | — |
| Indiana | 1 | 6.000% | $3,508 | — |
| Kansas | 1 | 6.875% | $2,766 | — |
| New Hampshire | 1 | 6.375% | $3,330 | — |
| Rhode Island | 1 | 6.500% | $7,940 | — |
| Utah | 1 | 6.750% | $14,713 | — |
| Washington | 1 | 6.990% | $3,722 | — |
| West Virginia | 1 | 6.125% | $7,393 | — |
| Wyoming | 1 | 6.625% | $2,877 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,072 | 6.875% | — | 29 | −$1,418 | |
| 2 | $4,842 | 7.000% | — | 33 | −$648 | |
| 3 | $5,006 | 6.500% | — | 158 | −$484 | |
| 4 | $5,089 | 6.625% | — | 247 | −$401 | |
| 5 | $5,132 | 6.500% | — | 213 | −$358 | |
| 6 | $5,149 | 6.625% | — | 137 | −$341 | |
| 7 | $5,209 | 6.562% | — | 54 | −$281 | |
| 8 | $5,248 | 6.500% | — | 75 | −$242 | |
| 9 | $5,333 | 6.625% | — | 39 | −$157 | |
| 10 | $5,380 | 6.500% | — | 280 | −$110 | |
| 11 | $5,406 | 6.625% | — | 39 | −$84 | |
| 12 | $5,681 | 6.500% | — | 33 | +$191 | |
| 13 | $5,880 | 6.500% | — | 99 | +$390 | |
| 14 | $5,909 | 6.624% | — | 116 | +$419 | |
| 15 | $6,073 | 6.500% | — | 105 | +$583 | |
| 16 | $6,382 | 6.625% | — | 197 | +$892 | |
| 17 | $6,778 | 6.500% | — | 31 | +$1,288 | |
| 18 | $6,793 | 6.625% | — | 56 | +$1,303 | |
| 19 | $7,414 | 6.188% | — | 48 | +$1,924 | |
| 20 | $8,933 | 6.438% | — | 36 | +$3,443 |
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.