Flagstar Bank, National Association closing costs and rates (2024)
In 2024, Flagstar Bank, National Association originated 18,031 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,712. That ranks #25 nationally by origination volume. For total closing costs among lenders with 500+ originations, Flagstar Bank, National Association ranks #351. That is $29 below the national median of $6,741. Flagstar Bank, National Association is most active in Michigan with 2,384 originations there.
Purchase Originations
18,031
Ranked #25 nationally
Median Total Costs
$6,712
−0.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,099
Median Lender Credits
$161
Cost Rank (500+ vol.)
#351
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 11,120 | 6.750% | $5,494 | $2,187 |
| fha | 5,050 | 6.250% | $9,680 | $2,236 |
| va | 1,445 | 6.250% | $5,973 | $763 |
| usda | 416 | 6.546% | $6,222 | $2,136 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 2,384 | 6.625% | $4,055 | #4 |
| Florida | 2,180 | 6.625% | $9,278 | #23 |
| Texas | 2,051 | 6.500% | $8,183 | #29 |
| California | 1,716 | 6.625% | $8,486 | #27 |
| Georgia | 905 | 6.625% | $7,946 | #24 |
| Arizona | 638 | 6.625% | $7,564 | #30 |
| Pennsylvania | 583 | 6.625% | $6,287 | #36 |
| New York | 525 | 6.625% | $9,067 | #44 |
| Ohio | 512 | 6.750% | $5,539 | #44 |
| Illinois | 482 | 6.875% | $6,354 | #52 |
| Minnesota | 463 | 6.625% | $5,038 | #30 |
| Missouri | 463 | 6.750% | $4,239 | #23 |
| Mississippi | 397 | 6.375% | $7,602 | #14 |
| Indiana | 379 | 6.750% | $4,005 | #48 |
| South Carolina | 373 | 6.500% | $5,892 | #42 |
| Alabama | 305 | 6.250% | $6,748 | #42 |
| Oregon | 297 | 6.625% | $7,390 | #30 |
| Wisconsin | 288 | 6.750% | $3,762 | #44 |
| North Carolina | 273 | 6.625% | $5,272 | #86 |
| Tennessee | 248 | 6.625% | $7,430 | #62 |
| Kansas | 234 | 6.625% | $3,615 | #26 |
| Louisiana | 215 | 6.625% | $7,130 | #32 |
| Washington | 211 | 6.500% | $8,659 | #68 |
| New Jersey | 199 | 6.636% | $7,920 | #65 |
| Colorado | 171 | 6.535% | $6,275 | #77 |
| Virginia | 164 | 6.500% | $8,277 | #98 |
| Kentucky | 154 | 6.625% | $5,812 | #63 |
| Maryland | 103 | 6.625% | $9,908 | #98 |
| Nevada | 103 | 6.875% | $8,778 | #62 |
| Iowa | 102 | 6.591% | $5,570 | #61 |
| New Mexico | 92 | 6.625% | $4,970 | #39 |
| Oklahoma | 90 | 6.625% | $6,581 | #74 |
| Massachusetts | 81 | 6.625% | $8,771 | #102 |
| North Dakota | 80 | 6.495% | $6,949 | #18 |
| Nebraska | 78 | 6.688% | $5,217 | #47 |
| Montana | 75 | 6.500% | $7,351 | #21 |
| West Virginia | 64 | 6.375% | $6,365 | #43 |
| Utah | 54 | 6.562% | $6,606 | #80 |
| Idaho | 45 | 6.375% | $8,305 | — |
| Arkansas | 41 | 6.482% | $4,443 | — |
| Connecticut | 37 | 6.500% | $7,144 | — |
| Alaska | 36 | 6.438% | $8,528 | — |
| Wyoming | 32 | 6.500% | $5,323 | — |
| Delaware | 29 | 6.624% | $7,861 | — |
| South Dakota | 27 | 6.990% | $5,338 | — |
| Hawaii | 20 | 6.062% | $10,211 | — |
| New Hampshire | 9 | 6.625% | $4,632 | — |
| Maine | 8 | 6.188% | $5,496 | — |
| District of Columbia | 5 | 5.400% | $8,733 | — |
| Puerto Rico | 5 | 6.500% | $13,604 | — |
| Rhode Island | 4 | 5.682% | $6,295 | — |
| Vermont | 1 | 7.470% | $5,622 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,543 | 6.625% | — | 220 | −$3,169 | |
| 2 | $3,942 | 6.750% | — | 313 | −$2,770 | |
| 3 | $4,136 | 6.625% | — | 374 | −$2,576 | |
| 4 | $4,403 | 6.625% | — | 517 | −$2,309 | |
| 5 | $6,553 | 6.972% | — | 217 | −$159 | |
| 6 | $7,160 | 6.625% | — | 315 | +$448 | |
| 7 | $7,324 | 6.466% | — | 122 | +$612 | |
| 8 | $7,529 | 6.750% | — | 127 | +$817 | |
| 9 | $7,666 | 6.500% | — | 113 | +$954 | |
| 10 | $7,946 | 6.625% | — | 113 | +$1,234 | |
| 11 | $7,980 | 6.625% | — | 120 | +$1,268 | |
| 12 | $8,182 | 6.542% | — | 154 | +$1,470 | |
| 13 | $8,263 | 6.500% | — | 446 | +$1,551 | |
| 14 | $8,586 | 6.625% | — | 199 | +$1,874 | |
| 15 | $8,827 | 6.625% | — | 209 | +$2,115 | |
| 16 | $9,507 | 6.750% | — | 295 | +$2,795 | |
| 17 | $10,259 | 6.625% | — | 194 | +$3,547 | |
| 18 | $10,920 | 6.625% | — | 115 | +$4,208 | |
| 19 | $11,919 | 6.625% | — | 183 | +$5,207 | |
| 20 | $13,336 | 6.875% | — | 209 | +$6,624 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.