IncredibleBank closing costs and rates (2024)
In 2024, IncredibleBank originated 268 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,123. That is $3,618 below the national median of $6,741. IncredibleBank is most active in Michigan with 152 originations there.
Purchase Originations
268
Median Total Costs
$3,123
−53.7% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$850
Median Lender Credits
$78
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 253 | 6.625% | $3,071 | $850 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 152 | 6.812% | $2,899 | #90 |
| Wisconsin | 93 | 6.500% | $3,405 | #102 |
| Florida | 10 | 6.750% | $4,188 | — |
| Illinois | 2 | 6.562% | $2,726 | — |
| Minnesota | 2 | 6.562% | $3,799 | — |
| Arkansas | 1 | 7.375% | $3,424 | — |
| Arizona | 1 | 6.500% | $4,651 | — |
| Indiana | 1 | 6.000% | $2,741 | — |
| Maryland | 1 | 8.990% | $4,322 | — |
| Missouri | 1 | 7.000% | $2,502 | — |
| Ohio | 1 | 6.375% | $3,567 | — |
| Oklahoma | 1 | 6.875% | $4,039 | — |
| Tennessee | 1 | 7.000% | $4,434 | — |
| Utah | 1 | 6.625% | $4,274 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,759 | 6.375% | — | 3 | −$364 | |
| 2 | $2,807 | 6.875% | — | 26 | −$316 | |
| 3 | $2,878 | 6.500% | — | 26 | −$245 | |
| 4 | $2,894 | 7.375% | — | 3 | −$229 | |
| 5 | $2,917 | 6.625% | — | 60 | −$206 | |
| 6 | $2,927 | 6.625% | — | 6 | −$196 | |
| 7 | $2,929 | 6.688% | — | 4 | −$194 | |
| 8 | $2,964 | 6.750% | — | 22 | −$159 | |
| 9 | $3,355 | 6.500% | — | 17 | +$232 | |
| 10 | $3,389 | 6.562% | — | 12 | +$266 | |
| 11 | $3,407 | 6.375% | — | 12 | +$284 | |
| 12 | $3,459 | 6.500% | — | 4 | +$336 | |
| 13 | $3,472 | 6.625% | — | 17 | +$349 | |
| 14 | $3,541 | 7.000% | — | 3 | +$418 | |
| 15 | $3,634 | 6.625% | — | 3 | +$511 | |
| 16 | $3,800 | 6.625% | — | 4 | +$677 | |
| 17 | $3,935 | 6.625% | — | 2 | +$812 | |
| 18 | $4,345 | 7.058% | — | 2 | +$1,222 | |
| 19 | $4,382 | 6.312% | — | 2 | +$1,259 | |
| 20 | $5,429 | 7.250% | — | 2 | +$2,306 |
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.