LOWER, LLC closing costs and rates (2024)
In 2024, LOWER, LLC originated 11,916 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,722. That ranks #32 nationally by origination volume. For total closing costs among lenders with 500+ originations, LOWER, LLC ranks #422. That is $981 above the national median of $6,741. LOWER, LLC is most active in Texas with 2,320 originations there.
Purchase Originations
11,916
Ranked #32 nationally
Median Total Costs
$7,722
+14.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,986
Median Lender Credits
$245
Cost Rank (500+ vol.)
#422
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 7,676 | 6.875% | $6,182 | $2,764 |
| fha | 3,119 | 6.625% | $12,013 | $3,678 |
| va | 981 | 6.250% | $8,739 | $2,039 |
| usda | 140 | 6.500% | $6,868 | $2,004 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 2,320 | 6.624% | $10,104 | #26 |
| Ohio | 1,371 | 6.875% | $6,654 | #17 |
| Florida | 1,005 | 6.625% | $8,497 | #51 |
| Colorado | 959 | 6.625% | $8,947 | #13 |
| Illinois | 748 | 6.990% | $6,237 | #32 |
| South Carolina | 742 | 6.750% | $7,924 | #23 |
| Georgia | 501 | 6.625% | $9,923 | #51 |
| Virginia | 493 | 6.625% | $7,788 | #42 |
| Maryland | 416 | 6.625% | $9,935 | #39 |
| Louisiana | 321 | 6.750% | $7,096 | #22 |
| Iowa | 320 | 6.990% | $3,092 | #21 |
| North Carolina | 290 | 6.625% | $6,310 | #79 |
| Kentucky | 266 | 6.625% | $5,582 | #39 |
| Pennsylvania | 245 | 6.625% | $6,594 | #90 |
| Indiana | 218 | 6.750% | $4,069 | #78 |
| Tennessee | 209 | 6.750% | $8,803 | #71 |
| Arizona | 184 | 6.500% | $10,278 | #72 |
| Missouri | 130 | 6.625% | $5,670 | #81 |
| Montana | 120 | 6.500% | $10,125 | #15 |
| Minnesota | 92 | 6.625% | $4,603 | #94 |
| Wisconsin | 90 | 6.875% | $5,665 | #104 |
| California | 87 | 6.625% | $9,602 | #217 |
| New Jersey | 76 | 6.625% | $8,611 | #122 |
| Arkansas | 75 | 6.625% | $5,169 | #78 |
| Utah | 70 | 6.625% | $8,681 | #67 |
| Kansas | 64 | 6.625% | $5,208 | #89 |
| Nevada | 60 | 6.625% | $8,577 | #89 |
| Michigan | 57 | 6.625% | $4,902 | #147 |
| Washington | 46 | 6.625% | $8,591 | — |
| Alabama | 44 | 6.625% | $3,938 | — |
| Oregon | 41 | 6.625% | $12,154 | — |
| Delaware | 39 | 6.875% | $9,002 | — |
| West Virginia | 38 | 6.750% | $6,292 | — |
| District of Columbia | 37 | 6.875% | $8,757 | — |
| Oklahoma | 33 | 6.500% | $6,739 | — |
| Massachusetts | 31 | 6.875% | $9,701 | — |
| Nebraska | 27 | 6.875% | $3,450 | — |
| Connecticut | 17 | 6.750% | $5,369 | — |
| New Mexico | 15 | 6.625% | $4,072 | — |
| Idaho | 4 | 6.250% | $13,718 | — |
| Maine | 4 | 6.812% | $7,794 | — |
| Mississippi | 4 | 7.125% | $6,173 | — |
| Wyoming | 3 | 6.125% | $9,021 | — |
| New Hampshire | 2 | 6.625% | $5,111 | — |
| South Dakota | 2 | 6.312% | $5,177 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,067 | 6.990% | — | 132 | −$4,655 | |
| 2 | $5,448 | 7.000% | — | 228 | −$2,274 | |
| 3 | $6,183 | 6.625% | — | 108 | −$1,539 | |
| 4 | $6,512 | 6.990% | — | 329 | −$1,210 | |
| 5 | $6,549 | 6.625% | — | 107 | −$1,173 | |
| 6 | $7,150 | 6.875% | — | 346 | −$572 | |
| 7 | $7,421 | 6.625% | — | 105 | −$301 | |
| 8 | $7,643 | 6.688% | — | 122 | −$79 | |
| 9 | $7,900 | 6.990% | — | 158 | +$178 | |
| 10 | $8,409 | 6.875% | — | 104 | +$687 | |
| 11 | $9,235 | 6.500% | — | 113 | +$1,513 | |
| 12 | $9,798 | 6.624% | — | 156 | +$2,076 | |
| 13 | $10,077 | 6.495% | — | 168 | +$2,355 | |
| 14 | $10,147 | 6.500% | — | 220 | +$2,425 | |
| 15 | $10,189 | 6.688% | — | 140 | +$2,467 | |
| 16 | $10,484 | 6.500% | — | 129 | +$2,762 | |
| 17 | $10,583 | 6.624% | — | 132 | +$2,861 | |
| 18 | $11,028 | 6.500% | — | 151 | +$3,306 | |
| 19 | $11,391 | 6.875% | — | 125 | +$3,669 | |
| 20 | $11,811 | 6.375% | — | 199 | +$4,089 |
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.