Florence Bank closing costs and rates (2024)
In 2024, Florence Bank originated 159 purchase mortgages at a median interest rate of 5.75% and median total closing costs of $3,812. That is $2,929 below the national median of $6,741. Florence Bank is most active in Massachusetts with 159 originations there.
Purchase Originations
159
Median Total Costs
$3,812
−43.5% vs national ($6,741)
Median Rate
5.750%
−13.1% vs national (6.620%)
Median Origination
$695
Median Lender Credits
$1,000
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 159 | 5.750% | $3,812 | $695 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 159 | 5.750% | $3,812 | #61 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,720 | 5.750% | — | 66 | −$92 | |
| 2 | $3,767 | 5.750% | — | 71 | −$45 | |
| 3 | $4,007 | 5.875% | — | 22 | +$195 |
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.