HOMESTEAD FUNDING CORP. closing costs and rates (2024)
In 2024, HOMESTEAD FUNDING CORP. originated 4,230 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,268. That ranks #108 nationally by origination volume. For total closing costs among lenders with 500+ originations, HOMESTEAD FUNDING CORP. ranks #136. That is $2,473 below the national median of $6,741. HOMESTEAD FUNDING CORP. is most active in New York with 3,311 originations there.
Purchase Originations
4,230
Ranked #108 nationally
Median Total Costs
$4,268
−36.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$995
Median Lender Credits
$150
Cost Rank (500+ vol.)
#136
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,270 | 6.500% | $4,104 | $1,194 |
| fha | 714 | 6.375% | $6,250 | $0 |
| va | 220 | 6.500% | $4,983 | $0 |
| usda | 26 | 6.312% | $2,884 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 3,311 | 6.500% | $4,218 | #5 |
| Connecticut | 318 | 6.625% | $4,423 | #17 |
| Pennsylvania | 143 | 6.125% | $4,604 | #132 |
| Massachusetts | 96 | 6.750% | $4,890 | #94 |
| Florida | 64 | 6.375% | $4,641 | #292 |
| North Carolina | 64 | 6.375% | $3,751 | #180 |
| Texas | 25 | 6.000% | $2,470 | — |
| South Carolina | 20 | 6.375% | $3,968 | — |
| New Jersey | 19 | 6.500% | $6,837 | — |
| Tennessee | 19 | 6.250% | $3,074 | — |
| Illinois | 18 | 6.250% | $6,232 | — |
| Wisconsin | 18 | 6.250% | $3,625 | — |
| Virginia | 15 | 6.500% | $4,313 | — |
| Georgia | 11 | 6.625% | $4,602 | — |
| Minnesota | 10 | 6.438% | $3,211 | — |
| Vermont | 10 | 6.625% | $5,764 | — |
| Alabama | 8 | 6.312% | $3,688 | — |
| Indiana | 8 | 6.562% | $3,824 | — |
| Michigan | 8 | 6.312% | $4,081 | — |
| California | 6 | 6.625% | $3,448 | — |
| Washington | 5 | 6.000% | $4,557 | — |
| Arizona | 4 | 6.312% | $3,924 | — |
| Colorado | 4 | 6.808% | $4,299 | — |
| Rhode Island | 4 | 6.750% | $10,129 | — |
| Louisiana | 3 | 6.625% | $5,402 | — |
| New Hampshire | 3 | 7.000% | $3,701 | — |
| Montana | 2 | 6.250% | $2,372 | — |
| Ohio | 2 | 6.500% | $2,406 | — |
| South Dakota | 2 | 5.812% | $2,618 | — |
| Arkansas | 1 | 6.375% | $4,290 | — |
| District of Columbia | 1 | 5.750% | $16,435 | — |
| Iowa | 1 | 5.625% | $3,153 | — |
| Kansas | 1 | 6.375% | $2,864 | — |
| Kentucky | 1 | 5.750% | $2,295 | — |
| Maryland | 1 | 6.500% | $5,621 | — |
| Maine | 1 | 5.990% | $4,185 | — |
| New Mexico | 1 | 5.625% | $10,777 | — |
| Oregon | 1 | 5.000% | $13,302 | — |
| Wyoming | 1 | 6.375% | $3,586 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,463 | 6.500% | — | 301 | −$805 | |
| 2 | $3,667 | 6.500% | — | 67 | −$601 | |
| 3 | $3,777 | 6.625% | — | 71 | −$491 | |
| 4 | $3,783 | 6.625% | — | 132 | −$485 | |
| 5 | $3,824 | 6.500% | — | 62 | −$444 | |
| 6 | $3,888 | 6.500% | — | 117 | −$380 | |
| 7 | $4,112 | 6.375% | — | 85 | −$156 | |
| 8 | $4,143 | 6.625% | — | 167 | −$125 | |
| 9 | $4,153 | 6.500% | — | 254 | −$115 | |
| 10 | $4,193 | 6.625% | — | 163 | −$75 | |
| 11 | $4,381 | 6.500% | — | 366 | +$113 | |
| 12 | $4,409 | 6.500% | — | 247 | +$141 | |
| 13 | $4,425 | 6.500% | — | 119 | +$157 | |
| 14 | $4,468 | 6.500% | — | 82 | +$200 | |
| 15 | $4,487 | 6.433% | — | 76 | +$219 | |
| 16 | $4,569 | 6.625% | — | 116 | +$301 | |
| 17 | $4,709 | 6.500% | — | 70 | +$441 | |
| 18 | $4,873 | 6.500% | — | 144 | +$605 | |
| 19 | $4,910 | 6.375% | — | 113 | +$642 | |
| 20 | $5,103 | 6.500% | — | 316 | +$835 |
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.