Hometown Equity Mortgage, LLC closing costs and rates (2024)
In 2024, Hometown Equity Mortgage, LLC originated 955 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $15,453. That ranks #388 nationally by origination volume. For total closing costs among lenders with 500+ originations, Hometown Equity Mortgage, LLC ranks #628. That is $8,712 above the national median of $6,741. Hometown Equity Mortgage, LLC is most active in California with 427 originations there.
Purchase Originations
955
Ranked #388 nationally
Median Total Costs
$15,453
+129.2% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$7,195
Median Lender Credits
$1,677
Cost Rank (500+ vol.)
#628
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 467 | 7.750% | $15,440 | $10,996 |
| fha | 421 | 6.125% | $16,046 | $3,336 |
| va | 45 | 5.990% | $9,772 | $2,291 |
| usda | 22 | 6.500% | $8,189 | $4,083 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 427 | 6.250% | $16,692 | #84 |
| Florida | 177 | 7.125% | $15,010 | #182 |
| Texas | 68 | 7.625% | $14,625 | #320 |
| Georgia | 52 | 6.875% | $14,685 | #200 |
| Ohio | 32 | 6.500% | $9,056 | — |
| Utah | 30 | 6.750% | $14,105 | — |
| Tennessee | 21 | 6.625% | $10,878 | — |
| New Jersey | 17 | 7.375% | $23,705 | — |
| Arizona | 15 | 6.875% | $16,320 | — |
| Louisiana | 13 | 7.125% | $12,930 | — |
| Nevada | 9 | 7.250% | $15,463 | — |
| South Carolina | 9 | 7.750% | $15,847 | — |
| Virginia | 8 | 6.750% | $17,379 | — |
| Illinois | 7 | 7.625% | $9,796 | — |
| Oregon | 7 | 5.750% | $16,306 | — |
| Colorado | 6 | 8.375% | $15,411 | — |
| Maryland | 6 | 7.188% | $21,397 | — |
| Michigan | 5 | 8.250% | $13,000 | — |
| Missouri | 5 | 7.625% | $7,809 | — |
| North Carolina | 5 | 7.375% | $7,059 | — |
| Washington | 5 | 6.000% | $18,700 | — |
| Arkansas | 4 | 8.375% | $10,195 | — |
| Iowa | 3 | 6.250% | $6,329 | — |
| Kentucky | 3 | 7.625% | $8,485 | — |
| Minnesota | 3 | 6.250% | $11,229 | — |
| Pennsylvania | 3 | 7.500% | $11,848 | — |
| Oklahoma | 2 | 6.938% | $13,166 | — |
| Rhode Island | 2 | 6.812% | $18,773 | — |
| Alaska | 1 | 7.500% | $12,880 | — |
| Alabama | 1 | 7.500% | $9,806 | — |
| District of Columbia | 1 | 5.750% | $23,861 | — |
| Hawaii | 1 | 9.250% | $25,120 | — |
| Indiana | 1 | 8.875% | $12,576 | — |
| Massachusetts | 1 | 9.000% | $17,465 | — |
| Mississippi | 1 | 9.000% | $20,332 | — |
| New Hampshire | 1 | 9.125% | $20,193 | — |
| New Mexico | 1 | 7.375% | $9,337 | — |
| Vermont | 1 | 7.875% | $15,513 | — |
| Wisconsin | 1 | 6.875% | $7,869 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $8,076 | 6.562% | — | 10 | −$7,377 | |
| 2 | $11,464 | 6.250% | — | 23 | −$3,989 | |
| 3 | $12,237 | 6.750% | — | 9 | −$3,216 | |
| 4 | $12,280 | 6.562% | — | 8 | −$3,173 | |
| 5 | $12,853 | 7.438% | — | 12 | −$2,600 | |
| 6 | $13,440 | 7.125% | — | 9 | −$2,013 | |
| 7 | $14,506 | 6.250% | — | 50 | −$947 | |
| 8 | $14,980 | 7.562% | — | 20 | −$473 | |
| 9 | $15,078 | 5.750% | — | 114 | −$375 | |
| 10 | $15,946 | 7.625% | — | 8 | +$493 | |
| 11 | $16,242 | 6.250% | — | 10 | +$789 | |
| 12 | $16,320 | 7.000% | — | 11 | +$867 | |
| 13 | $16,339 | 7.312% | — | 10 | +$886 | |
| 14 | $16,972 | 8.875% | — | 13 | +$1,519 | |
| 15 | $18,774 | 7.562% | — | 14 | +$3,321 | |
| 16 | $20,055 | 6.938% | — | 24 | +$4,602 | |
| 17 | $20,540 | 6.250% | — | 60 | +$5,087 | |
| 18 | $20,563 | 7.000% | — | 27 | +$5,110 | |
| 19 | $21,070 | 7.062% | — | 94 | +$5,617 | |
| 20 | $22,404 | 6.250% | — | 15 | +$6,951 |
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.