MORTGAGE 1 INCORPORATED closing costs and rates (2024)
In 2024, MORTGAGE 1 INCORPORATED originated 2,377 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $5,221. That ranks #187 nationally by origination volume. For total closing costs among lenders with 500+ originations, MORTGAGE 1 INCORPORATED ranks #225. That is $1,520 below the national median of $6,741. MORTGAGE 1 INCORPORATED is most active in Michigan with 2,168 originations there.
Purchase Originations
2,377
Ranked #187 nationally
Median Total Costs
$5,221
−22.6% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$2,674
Median Lender Credits
$85
Cost Rank (500+ vol.)
#225
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,764 | 6.875% | $4,528 | $2,252 |
| fha | 425 | 6.625% | $10,368 | $4,055 |
| va | 146 | 6.625% | $6,268 | $2,267 |
| usda | 42 | 6.562% | $8,066 | $3,633 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,759 | 6.625% | — | 74 | −$1,462 | |
| 2 | $4,321 | 6.625% | — | 74 | −$900 | |
| 3 | $4,444 | 6.990% | — | 263 | −$777 | |
| 4 | $4,507 | 6.875% | — | 135 | −$714 | |
| 5 | $4,746 | 6.625% | — | 53 | −$475 | |
| 6 | $4,766 | 6.875% | — | 434 | −$455 | |
| 7 | $4,806 | 6.750% | — | 30 | −$415 | |
| 8 | $4,932 | 6.990% | — | 37 | −$289 | |
| 9 | $5,077 | 6.625% | — | 21 | −$144 | |
| 10 | $5,201 | 6.990% | — | 86 | −$20 | |
| 11 | $5,215 | 6.875% | — | 244 | −$6 | |
| 12 | $5,344 | 6.750% | — | 24 | +$123 | |
| 13 | $5,514 | 6.933% | — | 38 | +$293 | |
| 14 | $5,541 | 6.990% | — | 74 | +$320 | |
| 15 | $5,735 | 6.990% | — | 157 | +$514 | |
| 16 | $5,876 | 6.625% | — | 75 | +$655 | |
| 17 | $5,996 | 6.990% | — | 25 | +$775 | |
| 18 | $6,531 | 6.990% | — | 57 | +$1,310 | |
| 19 | $6,911 | 6.625% | — | 114 | +$1,690 | |
| 20 | $8,182 | 6.625% | — | 44 | +$2,961 |
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.