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LOANPEOPLE, LLC closing costs and rates (2024)

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In 2024, LOANPEOPLE, LLC originated 1,353 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $9,519. That ranks #296 nationally by origination volume. For total closing costs among lenders with 500+ originations, LOANPEOPLE, LLC ranks #526. That is $2,778 above the national median of $6,741. LOANPEOPLE, LLC is most active in Texas with 1,183 originations there.

Purchase Originations

1,353

Ranked #296 nationally

Median Total Costs

$9,519

+41.2% vs national ($6,741)

Median Rate

6.500%

−1.8% vs national (6.620%)

Median Origination

$4,154

Median Lender Credits

$1,419

Cost Rank (500+ vol.)

#526

among lenders with 500+ originations

Breakdown by loan type

Loan typeVolumeMedian RateMedian Total CostsMedian Origination
conventional8696.625%$7,698$3,299
fha3126.562%$13,413$4,588
va1706.250%$13,790$6,392

Active states

StateVolumeMedian RateMedian Total CostsState Rank
Texas1,1836.624%$9,612#57
Florida1436.250%$9,000#205
New Mexico186.438%$15,605
Colorado36.750%$7,098
Tennessee36.625%$8,450
Oklahoma26.938%$8,136
Alabama16.625%$5,027

Top counties by origination volume

RankLenderMedian Total CostsMedian RateMedian OriginationVolumevs. Median
1$6,4746.990%8−$3,045
2$6,5916.990%9−$2,928
3$7,1226.875%11−$2,397
4$7,7016.625%118−$1,818
5$7,8036.490%7−$1,716
6$7,8796.624%401−$1,640
7$7,9796.250%18−$1,540
8$8,6086.250%11−$911
9$8,7706.750%15−$749
10$8,8246.625%9−$695
11$8,8416.375%39−$678
12$9,5546.250%64+$35
13$9,9786.624%7+$459
14$10,5306.625%27+$1,011
15$10,6776.500%44+$1,158
16$11,1636.875%24+$1,644
17$11,3456.683%8+$1,826
18$12,7566.625%293+$3,237
19$12,9396.375%103+$3,420
20$16,0966.500%15+$6,577

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.