Loan Simple, Inc. closing costs and rates (2024)
In 2024, Loan Simple, Inc. originated 1,043 purchase mortgages at a median interest rate of 6.99% and median total closing costs of $12,865. That ranks #362 nationally by origination volume. For total closing costs among lenders with 500+ originations, Loan Simple, Inc. ranks #603. That is $6,124 above the national median of $6,741. Loan Simple, Inc. is most active in Colorado with 464 originations there.
Purchase Originations
1,043
Ranked #362 nationally
Median Total Costs
$12,865
+90.8% vs national ($6,741)
Median Rate
6.990%
+5.6% vs national (6.620%)
Median Origination
$5,509
Median Lender Credits
$417
Cost Rank (500+ vol.)
#603
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 699 | 6.875% | $15,210 | $5,905 |
| conventional | 297 | 7.125% | $5,993 | $3,077 |
| usda | 32 | 6.750% | $11,074 | $6,112 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Colorado | 464 | 6.875% | $13,081 | #34 |
| Texas | 109 | 6.750% | $13,907 | #263 |
| Georgia | 74 | 7.250% | $12,891 | #164 |
| Florida | 61 | 7.000% | $14,865 | #301 |
| North Carolina | 48 | 7.250% | $11,029 | — |
| Virginia | 46 | 7.125% | $11,426 | — |
| Arizona | 40 | 7.250% | $9,258 | — |
| Indiana | 33 | 7.125% | $10,521 | — |
| New Mexico | 32 | 7.250% | $9,027 | — |
| Minnesota | 31 | 7.000% | $11,071 | — |
| Oregon | 31 | 7.125% | $16,459 | — |
| Washington | 27 | 6.750% | $18,553 | — |
| Alabama | 23 | 7.250% | $11,079 | — |
| Wisconsin | 10 | 6.500% | $10,125 | — |
| California | 9 | 7.125% | $12,762 | — |
| South Carolina | 4 | 6.688% | $12,600 | — |
| Tennessee | 1 | 6.375% | $15,333 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,280 | 6.875% | — | 17 | −$5,585 | |
| 2 | $7,760 | 6.875% | — | 8 | −$5,105 | |
| 3 | $8,956 | 7.125% | — | 10 | −$3,909 | |
| 4 | $9,886 | 6.750% | — | 11 | −$2,979 | |
| 5 | $9,990 | 7.188% | — | 22 | −$2,875 | |
| 6 | $10,372 | 6.875% | — | 8 | −$2,493 | |
| 7 | $10,534 | 6.812% | — | 14 | −$2,331 | |
| 8 | $11,663 | 6.750% | — | 43 | −$1,202 | |
| 9 | $12,647 | 6.750% | — | 55 | −$218 | |
| 10 | $12,820 | 7.625% | — | 7 | −$45 | |
| 11 | $13,703 | 6.875% | — | 46 | +$838 | |
| 12 | $13,732 | 6.875% | — | 106 | +$867 | |
| 13 | $13,828 | 7.500% | — | 7 | +$963 | |
| 14 | $13,907 | 6.750% | — | 17 | +$1,042 | |
| 15 | $13,913 | 6.750% | — | 9 | +$1,048 | |
| 16 | $14,609 | 6.875% | — | 11 | +$1,744 | |
| 17 | $15,607 | 6.875% | — | 95 | +$2,742 | |
| 18 | $16,768 | 6.875% | — | 15 | +$3,903 | |
| 19 | $17,187 | 7.000% | — | 10 | +$4,322 | |
| 20 | $19,002 | 6.688% | — | 8 | +$6,137 |
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.