Granite Bank closing costs and rates (2024)
In 2024, Granite Bank originated 766 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,254. That ranks #469 nationally by origination volume. For total closing costs among lenders with 500+ originations, Granite Bank ranks #303. That is $487 below the national median of $6,741. Granite Bank is most active in Minnesota with 453 originations there.
Purchase Originations
766
Ranked #469 nationally
Median Total Costs
$6,254
−7.2% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,663
Median Lender Credits
$99
Cost Rank (500+ vol.)
#303
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 550 | 6.625% | $5,473 | $2,610 |
| fha | 142 | 6.375% | $10,412 | $3,301 |
| va | 69 | 6.250% | $7,485 | $1,413 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 453 | 6.625% | $6,127 | #31 |
| South Dakota | 134 | 6.250% | $6,596 | #17 |
| Florida | 55 | 6.750% | $9,348 | #313 |
| Wisconsin | 41 | 6.500% | $5,954 | — |
| Alabama | 21 | 6.875% | $4,779 | — |
| Colorado | 15 | 6.250% | $5,485 | — |
| Illinois | 15 | 6.625% | $6,457 | — |
| Texas | 11 | 6.250% | $6,015 | — |
| Arizona | 4 | 7.312% | $6,067 | — |
| Kentucky | 2 | 6.375% | $5,719 | — |
| South Carolina | 2 | 6.688% | $6,166 | — |
| Tennessee | 2 | 6.945% | $4,881 | — |
| Utah | 2 | 6.625% | $22,921 | — |
| California | 1 | 7.250% | $10,488 | — |
| Georgia | 1 | 7.000% | $4,013 | — |
| Iowa | 1 | 7.125% | $7,114 | — |
| Idaho | 1 | 7.500% | $4,710 | — |
| Indiana | 1 | 6.625% | $9,970 | — |
| Michigan | 1 | 7.000% | $4,064 | — |
| North Dakota | 1 | 7.125% | $6,634 | — |
| New Mexico | 1 | 6.125% | $301 | — |
| Wyoming | 1 | 6.125% | $4,916 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,963 | 6.562% | — | 10 | −$2,291 | |
| 2 | $4,506 | 6.812% | — | 14 | −$1,748 | |
| 3 | $4,678 | 6.688% | — | 14 | −$1,576 | |
| 4 | $4,701 | 7.062% | — | 16 | −$1,553 | |
| 5 | $4,949 | 6.500% | — | 19 | −$1,305 | |
| 6 | $4,964 | 7.000% | — | 13 | −$1,290 | |
| 7 | $5,660 | 6.938% | — | 10 | −$594 | |
| 8 | $5,730 | 6.625% | — | 13 | −$524 | |
| 9 | $5,743 | 6.688% | — | 10 | −$511 | |
| 10 | $5,782 | 6.625% | — | 36 | −$472 | |
| 11 | $6,070 | 6.750% | — | 89 | −$184 | |
| 12 | $6,211 | 6.375% | — | 17 | −$43 | |
| 13 | $6,705 | 6.625% | — | 28 | +$451 | |
| 14 | $6,845 | 6.938% | — | 48 | +$591 | |
| 15 | $6,934 | 6.500% | — | 34 | +$680 | |
| 16 | $7,357 | 6.125% | — | 82 | +$1,103 | |
| 17 | $7,534 | 6.625% | — | 23 | +$1,280 | |
| 18 | $7,922 | 6.625% | — | 10 | +$1,668 | |
| 19 | $8,667 | 6.750% | — | 15 | +$2,413 | |
| 20 | $12,551 | 6.250% | — | 10 | +$6,297 |
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.