GERSHMAN INVESTMENT CORP. closing costs and rates (2024)
In 2024, GERSHMAN INVESTMENT CORP. originated 3,222 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,600. That ranks #146 nationally by origination volume. For total closing costs among lenders with 500+ originations, GERSHMAN INVESTMENT CORP. ranks #164. That is $2,141 below the national median of $6,741. GERSHMAN INVESTMENT CORP. is most active in Missouri with 1,254 originations there.
Purchase Originations
3,222
Ranked #146 nationally
Median Total Costs
$4,600
−31.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,345
Median Lender Credits
$250
Cost Rank (500+ vol.)
#164
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,757 | 6.625% | $3,377 | $1,345 |
| fha | 987 | 6.625% | $7,819 | $1,475 |
| va | 352 | 6.250% | $4,655 | $250 |
| usda | 126 | 6.500% | $4,568 | $1,160 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Missouri | 1,254 | 6.750% | $4,305 | #11 |
| Iowa | 426 | 6.375% | $3,088 | #15 |
| Nebraska | 416 | 6.625% | $3,259 | #11 |
| Florida | 351 | 6.750% | $8,822 | #115 |
| Arkansas | 235 | 6.250% | $5,026 | #32 |
| Kentucky | 190 | 6.562% | $4,456 | #54 |
| Illinois | 187 | 6.875% | $4,466 | #101 |
| Tennessee | 102 | 5.875% | $7,657 | #124 |
| Colorado | 22 | 6.688% | $4,184 | — |
| Kansas | 8 | 6.500% | $5,101 | — |
| Oklahoma | 7 | 6.625% | $4,955 | — |
| South Carolina | 6 | 6.812% | $4,001 | — |
| Georgia | 5 | 6.625% | $7,868 | — |
| North Carolina | 5 | 5.875% | $6,860 | — |
| Indiana | 3 | 7.000% | $2,273 | — |
| Texas | 3 | 5.750% | $10,301 | — |
| Ohio | 2 | 7.188% | $3,256 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,020 | 6.375% | — | 214 | −$1,580 | |
| 2 | $3,026 | 6.250% | — | 96 | −$1,574 | |
| 3 | $3,164 | 6.500% | — | 286 | −$1,436 | |
| 4 | $3,227 | 6.375% | — | 32 | −$1,373 | |
| 5 | $3,459 | 6.750% | — | 198 | −$1,141 | |
| 6 | $3,642 | 6.750% | — | 74 | −$958 | |
| 7 | $3,813 | 6.875% | — | 49 | −$787 | |
| 8 | $3,923 | 6.688% | — | 36 | −$677 | |
| 9 | $3,974 | 6.875% | — | 68 | −$626 | |
| 10 | $4,504 | 6.875% | — | 97 | −$96 | |
| 11 | $4,618 | 6.500% | — | 58 | +$18 | |
| 12 | $4,672 | 6.875% | — | 238 | +$72 | |
| 13 | $4,778 | 6.250% | — | 108 | +$178 | |
| 14 | $4,946 | 6.250% | — | 31 | +$346 | |
| 15 | $5,547 | 6.875% | — | 118 | +$947 | |
| 16 | $6,764 | 6.250% | — | 43 | +$2,164 | |
| 17 | $7,293 | 6.875% | — | 77 | +$2,693 | |
| 18 | $7,621 | 5.875% | — | 82 | +$3,021 | |
| 19 | $8,577 | 6.750% | — | 121 | +$3,977 | |
| 20 | $8,727 | 6.625% | — | 37 | +$4,127 |
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.