GUARANTEED RATE, INC. closing costs and rates (2024)
In 2024, GUARANTEED RATE, INC. originated 42,580 purchase mortgages at a median interest rate of 6.60% and median total closing costs of $6,486. That ranks #11 nationally by origination volume. For total closing costs among lenders with 500+ originations, GUARANTEED RATE, INC. ranks #330. That is $255 below the national median of $6,741. GUARANTEED RATE, INC. is most active in Illinois with 6,538 originations there.
Purchase Originations
42,580
Ranked #11 nationally
Median Total Costs
$6,486
−3.8% vs national ($6,741)
Median Rate
6.600%
−0.3% vs national (6.620%)
Median Origination
$1,710
Median Lender Credits
$300
Cost Rank (500+ vol.)
#330
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 31,110 | 6.625% | $6,066 | $1,727 |
| fha | 6,323 | 6.375% | $12,515 | $3,176 |
| va | 4,885 | 6.200% | $6,143 | $0 |
| usda | 262 | 6.375% | $7,014 | $2,347 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 6,538 | 6.750% | $6,286 | #1 |
| California | 3,085 | 6.575% | $8,222 | #11 |
| Massachusetts | 3,020 | 6.625% | $5,458 | #1 |
| Texas | 2,637 | 6.575% | $8,257 | #20 |
| New Jersey | 2,451 | 6.600% | $6,714 | #4 |
| Ohio | 2,257 | 6.625% | $5,092 | #9 |
| Florida | 2,191 | 6.575% | $8,764 | #22 |
| Pennsylvania | 1,973 | 6.550% | $7,519 | #7 |
| North Carolina | 1,672 | 6.575% | $5,831 | #16 |
| Georgia | 1,397 | 6.575% | $8,101 | #16 |
| Tennessee | 1,207 | 6.375% | $6,825 | #10 |
| Colorado | 1,004 | 6.450% | $5,135 | #12 |
| Virginia | 910 | 6.450% | $6,658 | #24 |
| Indiana | 847 | 6.625% | $4,577 | #19 |
| New York | 825 | 6.575% | $6,418 | #26 |
| Minnesota | 729 | 6.575% | $6,183 | #18 |
| Michigan | 706 | 6.625% | $4,558 | #26 |
| South Carolina | 670 | 6.625% | $6,080 | #25 |
| Arizona | 668 | 6.525% | $7,356 | #27 |
| Washington | 643 | 6.575% | $7,922 | #27 |
| Wisconsin | 623 | 6.750% | $3,649 | #22 |
| Nevada | 544 | 6.625% | $10,250 | #14 |
| Maryland | 522 | 6.525% | $6,630 | #29 |
| Oregon | 467 | 6.625% | $7,784 | #20 |
| Connecticut | 454 | 6.625% | $7,155 | #10 |
| Kentucky | 369 | 6.575% | $4,513 | #25 |
| Montana | 334 | 6.500% | $7,243 | #7 |
| Idaho | 332 | 6.500% | $7,039 | #14 |
| Oklahoma | 320 | 6.625% | $5,314 | #23 |
| Hawaii | 318 | 6.500% | $9,866 | #5 |
| Nebraska | 267 | 6.750% | $4,928 | #17 |
| Utah | 254 | 6.500% | $6,149 | #28 |
| New Hampshire | 248 | 6.625% | $4,483 | #10 |
| Missouri | 208 | 6.750% | $3,877 | #54 |
| Iowa | 187 | 6.625% | $5,720 | #36 |
| Mississippi | 176 | 6.487% | $8,440 | #29 |
| Alabama | 175 | 6.575% | $5,660 | #59 |
| West Virginia | 172 | 6.800% | $5,885 | #20 |
| Arkansas | 160 | 6.625% | $4,564 | #46 |
| District of Columbia | 122 | 6.562% | $7,822 | #7 |
| Rhode Island | 118 | 6.625% | $5,385 | #20 |
| Kansas | 117 | 6.650% | $4,786 | #57 |
| Louisiana | 108 | 6.612% | $6,073 | #51 |
| South Dakota | 105 | 6.600% | $5,136 | #22 |
| Alaska | 104 | 6.362% | $7,975 | #13 |
| New Mexico | 104 | 6.850% | $6,154 | #35 |
| Maine | 72 | 6.725% | $4,540 | #34 |
| North Dakota | 67 | 6.500% | $8,724 | #23 |
| Delaware | 51 | 6.575% | $7,252 | #44 |
| Wyoming | 40 | 6.537% | $6,550 | — |
| Vermont | 12 | 6.600% | $6,171 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,797 | 6.625% | — | 406 | −$1,689 | |
| 2 | $5,279 | 6.662% | — | 350 | −$1,207 | |
| 3 | $5,282 | 6.575% | — | 366 | −$1,204 | |
| 4 | $5,456 | 6.600% | — | 360 | −$1,030 | |
| 5 | $5,473 | 6.575% | — | 1,063 | −$1,013 | |
| 6 | $5,501 | 6.600% | — | 463 | −$985 | |
| 7 | $6,229 | 6.750% | — | 712 | −$257 | |
| 8 | $6,237 | 6.750% | — | 377 | −$249 | |
| 9 | $6,261 | 6.750% | — | 345 | −$225 | |
| 10 | $6,371 | 6.750% | — | 600 | −$115 | |
| 11 | $6,436 | 6.750% | — | 3,383 | −$50 | |
| 12 | $6,895 | 6.175% | — | 383 | +$409 | |
| 13 | $6,952 | 6.575% | — | 375 | +$466 | |
| 14 | $7,255 | 6.525% | — | 424 | +$769 | |
| 15 | $7,411 | 6.575% | — | 318 | +$925 | |
| 16 | $7,494 | 6.500% | — | 662 | +$1,008 | |
| 17 | $7,554 | 6.625% | — | 365 | +$1,068 | |
| 18 | $7,656 | 6.500% | — | 366 | +$1,170 | |
| 19 | $9,042 | 6.625% | — | 377 | +$2,556 | |
| 20 | $10,356 | 6.625% | — | 496 | +$3,870 |
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.