Morton Community Bank closing costs and rates (2024)
In 2024, Morton Community Bank originated 368 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $2,242. That is $4,499 below the national median of $6,741. Morton Community Bank is most active in Illinois with 361 originations there.
Purchase Originations
368
Median Total Costs
$2,242
−66.7% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$695
Median Lender Credits
$16
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 368 | 6.875% | $2,242 | $695 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,085 | 7.000% | — | 5 | −$157 | |
| 2 | $2,115 | 7.000% | — | 14 | −$127 | |
| 3 | $2,123 | 7.062% | — | 2 | −$119 | |
| 4 | $2,130 | 6.875% | — | 91 | −$112 | |
| 5 | $2,177 | 6.875% | — | 12 | −$65 | |
| 6 | $2,184 | 7.125% | — | 5 | −$58 | |
| 7 | $2,189 | 7.000% | — | 46 | −$53 | |
| 8 | $2,223 | 6.875% | — | 20 | −$19 | |
| 9 | $2,288 | 6.750% | — | 4 | +$46 | |
| 10 | $2,296 | 7.125% | — | 3 | +$54 | |
| 11 | $2,308 | 6.750% | — | 2 | +$66 | |
| 12 | $2,335 | 6.875% | — | 39 | +$93 | |
| 13 | $2,337 | 6.875% | — | 16 | +$95 | |
| 14 | $2,354 | 7.125% | — | 24 | +$112 | |
| 15 | $2,380 | 6.812% | — | 2 | +$138 | |
| 16 | $2,408 | 7.062% | — | 2 | +$166 | |
| 17 | $2,480 | 6.875% | — | 45 | +$238 | |
| 18 | $2,544 | 6.250% | — | 5 | +$302 | |
| 19 | $2,604 | 6.875% | — | 2 | +$362 | |
| 20 | $2,645 | 7.062% | — | 4 | +$403 |
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.