Generations Bank closing costs and rates (2024)
In 2024, Generations Bank originated 175 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,132. That is $3,609 below the national median of $6,741. Generations Bank is most active in Arkansas with 140 originations there.
Purchase Originations
175
Median Total Costs
$3,132
−53.5% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$895
Median Lender Credits
$900
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 175 | 6.625% | $3,132 | $895 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arkansas | 140 | 6.500% | $3,160 | #50 |
| Missouri | 26 | 6.750% | $2,948 | — |
| Louisiana | 2 | 8.125% | $2,371 | — |
| California | 1 | 7.000% | $6,367 | — |
| Florida | 1 | 6.625% | $4,951 | — |
| North Carolina | 1 | 5.875% | $6,143 | — |
| North Dakota | 1 | 6.875% | $3,970 | — |
| Oklahoma | 1 | 6.750% | $2,996 | — |
| Tennessee | 1 | 6.750% | $4,816 | — |
| Texas | 1 | 9.000% | $19,601 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,005 | 6.875% | — | 2 | −$1,127 | |
| 2 | $2,313 | 6.500% | — | 1 | −$819 | |
| 3 | $2,349 | 6.750% | — | 3 | −$783 | |
| 4 | $2,367 | 6.875% | — | 1 | −$765 | |
| 5 | $2,429 | 9.750% | — | 1 | −$703 | |
| 6 | $2,439 | 6.500% | — | 1 | −$693 | |
| 7 | $2,444 | 6.250% | — | 1 | −$688 | |
| 8 | $2,617 | 7.000% | — | 1 | −$515 | |
| 9 | $2,622 | 7.000% | — | 1 | −$510 | |
| 10 | $2,672 | 6.500% | — | 1 | −$460 | |
| 11 | $2,731 | 6.938% | — | 2 | −$401 | |
| 12 | $2,828 | 6.750% | — | 11 | −$304 | |
| 13 | $2,830 | 6.500% | — | 1 | −$302 | |
| 14 | $2,863 | 6.750% | — | 2 | −$269 | |
| 15 | $3,052 | 6.875% | — | 9 | −$80 | |
| 16 | $3,204 | 6.375% | — | 57 | +$72 | |
| 17 | $3,318 | 6.500% | — | 71 | +$186 | |
| 18 | $4,951 | 6.625% | — | 1 | +$1,819 | |
| 19 | $6,367 | 7.000% | — | 1 | +$3,235 | |
| 20 | $7,350 | 6.375% | — | 1 | +$4,218 |
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.