MECHANICS BANK closing costs and rates (2024)
In 2024, MECHANICS BANK originated 296 purchase mortgages at a median interest rate of 6.49% and median total closing costs of $2,591. That is $4,150 below the national median of $6,741. MECHANICS BANK is most active in Ohio with 296 originations there.
Purchase Originations
296
Median Total Costs
$2,591
−61.6% vs national ($6,741)
Median Rate
6.490%
−2.0% vs national (6.620%)
Median Origination
$950
Median Lender Credits
$0
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 296 | 6.490% | $2,591 | $950 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Ohio | 296 | 6.490% | $2,591 | #71 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,912 | 6.990% | — | 1 | −$679 | |
| 2 | $2,364 | 6.890% | — | 12 | −$227 | |
| 3 | $2,409 | 6.990% | — | 1 | −$182 | |
| 4 | $2,410 | 5.500% | — | 45 | −$181 | |
| 5 | $2,559 | 6.490% | — | 216 | −$32 | |
| 6 | $2,809 | 5.500% | — | 1 | +$218 | |
| 7 | $3,113 | 5.500% | — | 6 | +$522 | |
| 8 | $3,174 | 5.500% | — | 5 | +$583 | |
| 9 | $3,314 | 6.425% | — | 2 | +$723 | |
| 10 | $4,116 | 5.500% | — | 5 | +$1,525 | |
| 11 | $4,683 | 5.500% | — | 2 | +$2,092 |
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.