Needham Bank closing costs and rates (2024)
In 2024, Needham Bank originated 132 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,765. That is $2,976 below the national median of $6,741. Needham Bank is most active in Massachusetts with 128 originations there.
Purchase Originations
132
Median Total Costs
$3,765
−44.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$288
Median Lender Credits
$750
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 132 | 6.625% | $3,765 | $288 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 128 | 6.625% | $3,784 | #77 |
| New Hampshire | 2 | 6.750% | $2,771 | — |
| Florida | 1 | 6.375% | $2,746 | — |
| Maine | 1 | 6.500% | $6,218 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,746 | 6.375% | — | 1 | −$1,019 | |
| 2 | $2,747 | 6.875% | — | 1 | −$1,018 | |
| 3 | $2,795 | 6.625% | — | 1 | −$970 | |
| 4 | $2,804 | 7.000% | — | 1 | −$961 | |
| 5 | $3,283 | 6.625% | — | 7 | −$482 | |
| 6 | $3,355 | 6.125% | — | 10 | −$410 | |
| 7 | $3,661 | 6.625% | — | 52 | −$104 | |
| 8 | $3,867 | 6.750% | — | 40 | +$102 | |
| 9 | $3,884 | 6.625% | — | 9 | +$119 | |
| 10 | $4,191 | 6.688% | — | 4 | +$426 | |
| 11 | $4,762 | 6.438% | — | 4 | +$997 | |
| 12 | $5,042 | 6.750% | — | 1 | +$1,277 | |
| 13 | $6,218 | 6.500% | — | 1 | +$2,453 |
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.