MORTGAGE EQUITY PARTNERS LLC closing costs and rates (2024)
In 2024, MORTGAGE EQUITY PARTNERS LLC originated 1,201 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $8,187. That ranks #318 nationally by origination volume. For total closing costs among lenders with 500+ originations, MORTGAGE EQUITY PARTNERS LLC ranks #458. That is $1,446 above the national median of $6,741. MORTGAGE EQUITY PARTNERS LLC is most active in Massachusetts with 346 originations there.
Purchase Originations
1,201
Ranked #318 nationally
Median Total Costs
$8,187
+21.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,258
Median Lender Credits
$63
Cost Rank (500+ vol.)
#458
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 860 | 6.750% | $6,073 | $2,368 |
| fha | 291 | 6.625% | $16,406 | $5,460 |
| va | 47 | 6.625% | $10,907 | $4,472 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 346 | 6.500% | $9,621 | #33 |
| Florida | 195 | 6.750% | $10,660 | #169 |
| Connecticut | 156 | 6.625% | $5,131 | #37 |
| Maryland | 147 | 6.750% | $9,713 | #80 |
| Rhode Island | 116 | 6.812% | $7,465 | #21 |
| New Hampshire | 71 | 6.875% | $6,277 | #34 |
| South Carolina | 65 | 6.625% | $8,722 | #142 |
| Pennsylvania | 34 | 6.990% | $8,047 | — |
| California | 29 | 6.490% | $7,234 | — |
| North Carolina | 16 | 6.750% | $5,481 | — |
| Delaware | 10 | 6.750% | $8,096 | — |
| Virginia | 6 | 6.812% | $14,300 | — |
| Maine | 3 | 6.750% | $12,024 | — |
| Colorado | 1 | 7.125% | $6,552 | — |
| District of Columbia | 1 | 6.125% | $23,176 | — |
| Georgia | 1 | 7.625% | $7,136 | — |
| New Jersey | 1 | 5.750% | $24,038 | — |
| Tennessee | 1 | 6.000% | $7,552 | — |
| Texas | 1 | 5.990% | $9,111 | — |
| Washington | 1 | 7.125% | $6,514 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,021 | 6.625% | — | 114 | −$3,166 | |
| 2 | $5,387 | 6.875% | — | 19 | −$2,800 | |
| 3 | $5,729 | 6.625% | — | 38 | −$2,458 | |
| 4 | $5,802 | 6.750% | — | 17 | −$2,385 | |
| 5 | $6,999 | 6.370% | — | 24 | −$1,188 | |
| 6 | $7,409 | 6.750% | — | 32 | −$778 | |
| 7 | $8,202 | 6.625% | — | 39 | +$15 | |
| 8 | $8,280 | 6.625% | — | 52 | +$93 | |
| 9 | $8,298 | 6.933% | — | 24 | +$111 | |
| 10 | $9,065 | 6.500% | — | 57 | +$878 | |
| 11 | $9,173 | 6.625% | — | 25 | +$986 | |
| 12 | $9,266 | 6.500% | — | 54 | +$1,079 | |
| 13 | $9,949 | 6.625% | — | 26 | +$1,762 | |
| 14 | $10,555 | 6.490% | — | 24 | +$2,368 | |
| 15 | $10,770 | 6.500% | — | 87 | +$2,583 | |
| 16 | $10,908 | 6.625% | — | 44 | +$2,721 | |
| 17 | $12,048 | 6.875% | — | 44 | +$3,861 | |
| 18 | $12,222 | 6.750% | — | 25 | +$4,035 | |
| 19 | $14,279 | 6.750% | — | 25 | +$6,092 | |
| 20 | $15,152 | 6.750% | — | 19 | +$6,965 |
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.