FREEDOM MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, FREEDOM MORTGAGE CORPORATION originated 18,973 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $10,323. That ranks #23 nationally by origination volume. For total closing costs among lenders with 500+ originations, FREEDOM MORTGAGE CORPORATION ranks #563. That is $3,582 above the national median of $6,741. FREEDOM MORTGAGE CORPORATION is most active in Florida with 2,901 originations there.
Purchase Originations
18,973
Ranked #23 nationally
Median Total Costs
$10,323
+53.1% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$2,497
Median Lender Credits
$1,123
Cost Rank (500+ vol.)
#563
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 7,806 | 6.250% | $12,737 | $3,042 |
| va | 7,484 | 6.125% | $8,114 | $1,520 |
| conventional | 3,662 | 6.750% | $8,097 | $4,616 |
| usda | 21 | 6.750% | $6,285 | $2,579 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 2,901 | 6.250% | $12,100 | #12 |
| Texas | 2,874 | 6.125% | $11,247 | #17 |
| Virginia | 1,336 | 6.250% | $10,467 | #16 |
| North Carolina | 1,224 | 6.250% | $8,205 | #23 |
| California | 1,100 | 6.250% | $12,451 | #41 |
| Georgia | 901 | 6.250% | $10,488 | #26 |
| Maryland | 652 | 6.250% | $12,156 | #23 |
| Hawaii | 601 | 6.125% | $13,260 | #2 |
| Colorado | 575 | 6.000% | $10,495 | #25 |
| South Carolina | 539 | 6.250% | $8,747 | #28 |
| Louisiana | 526 | 6.250% | $9,324 | #15 |
| Indiana | 493 | 6.490% | $7,970 | #33 |
| New Jersey | 415 | 6.490% | $12,824 | #38 |
| Kentucky | 361 | 6.250% | $8,842 | #26 |
| Arizona | 359 | 6.125% | $11,353 | #51 |
| Alabama | 310 | 6.250% | $9,059 | #39 |
| Ohio | 292 | 6.562% | $8,242 | #73 |
| Washington | 276 | 6.000% | $9,537 | #50 |
| Nevada | 266 | 6.250% | $10,943 | #24 |
| Pennsylvania | 258 | 6.500% | $10,228 | #83 |
| Massachusetts | 252 | 6.375% | $12,244 | #44 |
| Illinois | 238 | 6.750% | $8,756 | #85 |
| Tennessee | 205 | 6.250% | $9,627 | #74 |
| Oregon | 200 | 6.125% | $10,668 | #46 |
| Missouri | 182 | 6.500% | $7,110 | #60 |
| Minnesota | 172 | 6.250% | $9,610 | #66 |
| Michigan | 154 | 6.625% | $7,109 | #89 |
| Wisconsin | 153 | 6.500% | $7,072 | #72 |
| Utah | 120 | 5.990% | $8,763 | #50 |
| Kansas | 113 | 6.250% | $6,982 | #59 |
| New Mexico | 109 | 6.250% | $7,575 | #33 |
| Oklahoma | 87 | 6.375% | $6,916 | #75 |
| Arkansas | 85 | 6.375% | $6,064 | #72 |
| Mississippi | 83 | 6.250% | $8,986 | #52 |
| Delaware | 59 | 5.990% | $12,842 | #43 |
| Nebraska | 57 | 6.625% | $7,477 | #56 |
| Connecticut | 52 | 6.312% | $10,283 | #71 |
| North Dakota | 52 | 6.250% | $9,405 | #29 |
| Idaho | 49 | 5.750% | $9,380 | — |
| Iowa | 40 | 6.750% | $6,183 | — |
| Alaska | 39 | 3.500% | $3,587 | — |
| Montana | 32 | 5.750% | $4,864 | — |
| New York | 32 | 6.188% | $5,527 | — |
| New Hampshire | 26 | 6.625% | $9,191 | — |
| Rhode Island | 24 | 6.188% | $10,917 | — |
| West Virginia | 24 | 6.495% | $9,110 | — |
| Wyoming | 23 | 5.990% | $5,113 | — |
| Maine | 21 | 6.250% | $8,449 | — |
| District of Columbia | 17 | 5.990% | $10,300 | — |
| South Dakota | 12 | 5.562% | $4,168 | — |
| Vermont | 2 | 6.625% | $6,841 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,022 | 6.250% | — | 251 | −$2,301 | |
| 2 | $8,381 | 6.250% | — | 157 | −$1,942 | |
| 3 | $9,594 | 6.375% | — | 143 | −$729 | |
| 4 | $9,695 | 5.990% | — | 167 | −$628 | |
| 5 | $10,254 | 5.990% | — | 203 | −$69 | |
| 6 | $10,576 | 6.250% | — | 211 | +$253 | |
| 7 | $10,743 | 6.250% | — | 184 | +$420 | |
| 8 | $11,314 | 6.250% | — | 172 | +$991 | |
| 9 | $11,320 | 6.125% | — | 214 | +$997 | |
| 10 | $11,495 | 6.250% | — | 178 | +$1,172 | |
| 11 | $11,681 | 6.125% | — | 237 | +$1,358 | |
| 12 | $11,904 | 6.125% | — | 354 | +$1,581 | |
| 13 | $11,966 | 6.250% | — | 143 | +$1,643 | |
| 14 | $12,045 | 6.125% | — | 301 | +$1,722 | |
| 15 | $13,019 | 5.750% | — | 177 | +$2,696 | |
| 16 | $13,544 | 6.000% | — | 513 | +$3,221 | |
| 17 | $13,550 | 6.125% | — | 179 | +$3,227 | |
| 18 | $13,614 | 6.250% | — | 169 | +$3,291 | |
| 19 | $15,346 | 6.250% | — | 265 | +$5,023 | |
| 20 | $15,443 | 6.125% | — | 205 | +$5,120 |
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.