FOUNDATION MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, FOUNDATION MORTGAGE CORPORATION originated 234 purchase mortgages at a median interest rate of 7.88% and median total closing costs of $17,544. That is $10,803 above the national median of $6,741. FOUNDATION MORTGAGE CORPORATION is most active in California with 120 originations there.
Purchase Originations
234
Median Total Costs
$17,544
+160.3% vs national ($6,741)
Median Rate
7.875%
+19.0% vs national (6.620%)
Median Origination
$12,236
Median Lender Credits
$1,838
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 234 | 7.875% | $17,544 | $12,236 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 120 | 7.750% | $21,197 | #189 |
| Florida | 30 | 8.188% | $16,181 | — |
| Texas | 22 | 7.938% | $14,332 | — |
| Ohio | 10 | 7.875% | $12,156 | — |
| New Jersey | 9 | 7.500% | $19,750 | — |
| Arizona | 5 | 8.125% | $17,316 | — |
| North Carolina | 5 | 7.875% | $8,340 | — |
| Pennsylvania | 5 | 8.625% | $15,455 | — |
| Washington | 5 | 7.875% | $17,076 | — |
| Colorado | 3 | 8.625% | $22,931 | — |
| Idaho | 3 | 7.500% | $17,543 | — |
| Illinois | 3 | 9.125% | $11,319 | — |
| Michigan | 3 | 8.875% | $8,338 | — |
| Indiana | 2 | 7.375% | $14,045 | — |
| Maryland | 2 | 8.812% | $13,128 | — |
| Oregon | 2 | 8.750% | $28,190 | — |
| South Carolina | 2 | 8.750% | $18,284 | — |
| Alabama | 1 | 10.875% | $8,582 | — |
| Nevada | 1 | 8.750% | $10,877 | — |
| Virginia | 1 | 8.000% | $12,369 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,709 | 7.500% | — | 2 | −$9,835 | |
| 2 | $11,342 | 7.750% | — | 3 | −$6,202 | |
| 3 | $12,670 | 8.125% | — | 3 | −$4,874 | |
| 4 | $12,979 | 8.312% | — | 2 | −$4,565 | |
| 5 | $13,014 | 8.500% | — | 4 | −$4,530 | |
| 6 | $14,045 | 7.375% | — | 2 | −$3,499 | |
| 7 | $14,156 | 7.500% | — | 4 | −$3,388 | |
| 8 | $15,661 | 7.625% | — | 3 | −$1,883 | |
| 9 | $16,326 | 7.750% | — | 7 | −$1,218 | |
| 10 | $18,867 | 7.500% | — | 23 | +$1,323 | |
| 11 | $20,854 | 8.000% | — | 4 | +$3,310 | |
| 12 | $21,811 | 8.375% | — | 6 | +$4,267 | |
| 13 | $23,247 | 8.375% | — | 5 | +$5,703 | |
| 14 | $23,551 | 7.875% | — | 13 | +$6,007 | |
| 15 | $23,683 | 7.875% | — | 47 | +$6,139 | |
| 16 | $26,300 | 7.688% | — | 4 | +$8,756 | |
| 17 | $29,651 | 8.000% | — | 10 | +$12,107 | |
| 18 | $30,303 | 7.375% | — | 3 | +$12,759 | |
| 19 | $31,715 | 7.375% | — | 5 | +$14,171 | |
| 20 | $42,096 | 7.000% | — | 2 | +$24,552 |
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.