FM Home Loans, LLC closing costs and rates (2024)
In 2024, FM Home Loans, LLC originated 779 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $6,327. That ranks #454 nationally by origination volume. For total closing costs among lenders with 500+ originations, FM Home Loans, LLC ranks #314. That is $414 below the national median of $6,741. FM Home Loans, LLC is most active in New York with 454 originations there.
Purchase Originations
779
Ranked #454 nationally
Median Total Costs
$6,327
−6.1% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,590
Median Lender Credits
$900
Cost Rank (500+ vol.)
#314
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 735 | 6.875% | $6,223 | $1,590 |
| fha | 42 | 6.625% | $17,344 | $1,780 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 454 | 6.875% | $6,450 | #49 |
| New Jersey | 229 | 6.875% | $5,988 | #62 |
| Florida | 63 | 6.990% | $7,040 | #295 |
| Connecticut | 11 | 6.625% | $5,904 | — |
| Pennsylvania | 4 | 6.870% | $4,842 | — |
| Texas | 3 | 6.750% | $5,830 | — |
| Georgia | 2 | 6.438% | $17,337 | — |
| Massachusetts | 2 | 6.870% | $16,644 | — |
| Maryland | 2 | 6.750% | $4,332 | — |
| South Carolina | 2 | 7.120% | $5,978 | — |
| Arizona | 1 | 6.500% | $4,953 | — |
| California | 1 | 5.875% | $9,306 | — |
| Minnesota | 1 | 6.990% | $10,292 | — |
| North Carolina | 1 | 8.500% | $9,358 | — |
| Ohio | 1 | 6.875% | $4,652 | — |
| Rhode Island | 1 | 7.250% | $17,868 | — |
| Tennessee | 1 | 6.875% | $6,435 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,761 | 6.875% | — | 130 | −$566 | |
| 2 | $5,770 | 6.990% | — | 7 | −$557 | |
| 3 | $5,806 | 6.750% | — | 94 | −$521 | |
| 4 | $5,888 | 6.875% | — | 46 | −$439 | |
| 5 | $5,890 | 6.990% | — | 13 | −$437 | |
| 6 | $5,948 | 6.750% | — | 40 | −$379 | |
| 7 | $6,111 | 6.990% | — | 11 | −$216 | |
| 8 | $6,404 | 6.875% | — | 43 | +$77 | |
| 9 | $6,465 | 6.625% | — | 25 | +$138 | |
| 10 | $6,740 | 6.750% | — | 20 | +$413 | |
| 11 | $6,837 | 6.990% | — | 31 | +$510 | |
| 12 | $6,840 | 7.120% | — | 6 | +$513 | |
| 13 | $6,995 | 6.875% | — | 105 | +$668 | |
| 14 | $7,094 | 6.875% | — | 71 | +$767 | |
| 15 | $7,212 | 6.990% | — | 11 | +$885 | |
| 16 | $7,341 | 6.995% | — | 16 | +$1,014 | |
| 17 | $7,442 | 6.625% | — | 5 | +$1,115 | |
| 18 | $8,485 | 6.990% | — | 17 | +$2,158 | |
| 19 | $9,689 | 7.125% | — | 12 | +$3,362 | |
| 20 | $16,927 | 6.490% | — | 7 | +$10,600 |
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.