Metro City Bank closing costs and rates (2024)
In 2024, Metro City Bank originated 736 purchase mortgages at a median interest rate of 7.25% and median total closing costs of $8,701. That ranks #489 nationally by origination volume. For total closing costs among lenders with 500+ originations, Metro City Bank ranks #484. That is $1,960 above the national median of $6,741. Metro City Bank is most active in New York with 352 originations there.
Purchase Originations
736
Ranked #489 nationally
Median Total Costs
$8,701
+29.1% vs national ($6,741)
Median Rate
7.250%
+9.5% vs national (6.620%)
Median Origination
$4,244
Median Lender Credits
$14
Cost Rank (500+ vol.)
#484
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 736 | 7.250% | $8,701 | $4,244 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 352 | 7.125% | $11,509 | #62 |
| Georgia | 161 | 7.375% | $6,279 | #116 |
| Pennsylvania | 62 | 7.062% | $6,844 | #192 |
| New Jersey | 45 | 7.125% | $9,090 | — |
| Texas | 29 | 7.375% | $6,511 | — |
| Alabama | 19 | 7.500% | $4,933 | — |
| Florida | 15 | 7.250% | $6,501 | — |
| North Carolina | 14 | 7.125% | $8,203 | — |
| Connecticut | 11 | 7.375% | $6,885 | — |
| Virginia | 8 | 7.125% | $6,482 | — |
| Massachusetts | 7 | 7.375% | $8,537 | — |
| South Carolina | 6 | 7.188% | $6,040 | — |
| Illinois | 5 | 7.250% | $8,517 | — |
| Colorado | 1 | 7.375% | $7,361 | — |
| Washington | 1 | 7.375% | $3,777 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,741 | 7.375% | — | 5 | −$2,960 | |
| 2 | $5,881 | 7.375% | — | 6 | −$2,820 | |
| 3 | $6,322 | 7.000% | — | 31 | −$2,379 | |
| 4 | $6,502 | 7.500% | — | 83 | −$2,199 | |
| 5 | $6,551 | 7.125% | — | 15 | −$2,150 | |
| 6 | $6,998 | 7.125% | — | 6 | −$1,703 | |
| 7 | $7,069 | 7.375% | — | 8 | −$1,632 | |
| 8 | $7,182 | 7.125% | — | 6 | −$1,519 | |
| 9 | $7,345 | 7.375% | — | 11 | −$1,356 | |
| 10 | $7,923 | 7.000% | — | 6 | −$778 | |
| 11 | $8,508 | 7.250% | — | 9 | −$193 | |
| 12 | $8,589 | 7.000% | — | 7 | −$112 | |
| 13 | $9,054 | 7.250% | — | 11 | +$353 | |
| 14 | $9,166 | 6.875% | — | 5 | +$465 | |
| 15 | $10,105 | 7.000% | — | 10 | +$1,404 | |
| 16 | $10,247 | 6.750% | — | 11 | +$1,546 | |
| 17 | $11,442 | 7.000% | — | 71 | +$2,741 | |
| 18 | $12,064 | 7.250% | — | 53 | +$3,363 | |
| 19 | $12,227 | 7.125% | — | 123 | +$3,526 | |
| 20 | $12,683 | 7.250% | — | 40 | +$3,982 |
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.