GMFS LLC closing costs and rates (2024)
In 2024, GMFS LLC originated 4,137 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,649. That ranks #114 nationally by origination volume. For total closing costs among lenders with 500+ originations, GMFS LLC ranks #165. That is $2,092 below the national median of $6,741. GMFS LLC is most active in Louisiana with 2,467 originations there.
Purchase Originations
4,137
Ranked #114 nationally
Median Total Costs
$4,649
−31.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$850
Median Lender Credits
$225
Cost Rank (500+ vol.)
#165
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,378 | 6.625% | $4,200 | $1,475 |
| fha | 1,011 | 6.625% | $6,090 | $0 |
| usda | 472 | 6.250% | $3,479 | $0 |
| va | 276 | 6.500% | $4,868 | $58 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Louisiana | 2,467 | 6.625% | $4,247 | #2 |
| Alabama | 654 | 6.500% | $4,309 | #18 |
| Illinois | 221 | 6.875% | $6,377 | #90 |
| Mississippi | 201 | 6.625% | $4,438 | #25 |
| Texas | 163 | 6.375% | $6,055 | #219 |
| Florida | 162 | 6.625% | $5,521 | #194 |
| Georgia | 112 | 6.500% | $4,740 | #132 |
| Arkansas | 78 | 6.250% | $4,682 | #74 |
| Tennessee | 34 | 6.500% | $6,045 | — |
| South Carolina | 24 | 6.625% | $4,199 | — |
| North Carolina | 11 | 6.750% | $5,234 | — |
| Kentucky | 3 | 6.990% | $3,792 | — |
| Oklahoma | 3 | 6.500% | $4,672 | — |
| Colorado | 1 | 6.375% | $4,885 | — |
| Indiana | 1 | 5.875% | $3,598 | — |
| Ohio | 1 | 6.125% | $4,489 | — |
| Virginia | 1 | 7.125% | $4,192 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,277 | 6.625% | — | 149 | −$1,372 | |
| 2 | $3,952 | 6.500% | — | 67 | −$697 | |
| 3 | $4,045 | 6.495% | — | 64 | −$604 | |
| 4 | $4,065 | 6.625% | — | 35 | −$584 | |
| 5 | $4,090 | 6.500% | — | 41 | −$559 | |
| 6 | $4,159 | 6.625% | — | 618 | −$490 | |
| 7 | $4,170 | 6.625% | — | 283 | −$479 | |
| 8 | $4,298 | 6.500% | — | 86 | −$351 | |
| 9 | $4,384 | 6.625% | — | 92 | −$265 | |
| 10 | $4,409 | 6.500% | — | 249 | −$240 | |
| 11 | $4,611 | 6.625% | — | 67 | −$38 | |
| 12 | $4,612 | 6.625% | — | 166 | −$37 | |
| 13 | $4,867 | 6.490% | — | 118 | +$218 | |
| 14 | $4,931 | 6.625% | — | 254 | +$282 | |
| 15 | $5,269 | 6.625% | — | 74 | +$620 | |
| 16 | $5,379 | 6.375% | — | 52 | +$730 | |
| 17 | $5,557 | 6.250% | — | 89 | +$908 | |
| 18 | $5,654 | 6.500% | — | 115 | +$1,005 | |
| 19 | $5,669 | 6.375% | — | 43 | +$1,020 | |
| 20 | $6,464 | 6.875% | — | 92 | +$1,815 |
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.