Neighborhood Loans, Inc. closing costs and rates (2024)
In 2024, Neighborhood Loans, Inc. originated 6,432 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $7,809. That ranks #71 nationally by origination volume. For total closing costs among lenders with 500+ originations, Neighborhood Loans, Inc. ranks #431. That is $1,068 above the national median of $6,741. Neighborhood Loans, Inc. is most active in Illinois with 2,545 originations there.
Purchase Originations
6,432
Ranked #71 nationally
Median Total Costs
$7,809
+15.8% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$3,048
Median Lender Credits
$80
Cost Rank (500+ vol.)
#431
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 4,166 | 6.875% | $6,569 | $2,796 |
| fha | 1,802 | 6.750% | $12,375 | $3,620 |
| va | 414 | 6.625% | $9,375 | $3,550 |
| usda | 50 | 6.495% | $8,239 | $3,041 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 2,545 | 6.875% | $8,873 | #7 |
| Michigan | 1,491 | 6.750% | $5,274 | #12 |
| Texas | 673 | 6.750% | $10,856 | #96 |
| South Carolina | 288 | 6.625% | $7,204 | #53 |
| Missouri | 254 | 6.750% | $4,694 | #46 |
| Kansas | 228 | 6.750% | $6,003 | #28 |
| Arizona | 196 | 6.625% | $10,259 | #68 |
| Ohio | 120 | 6.625% | $8,456 | #128 |
| Minnesota | 119 | 6.750% | $7,335 | #79 |
| California | 111 | 6.625% | $14,162 | #195 |
| New Mexico | 108 | 6.875% | $9,104 | #34 |
| Indiana | 70 | 6.875% | $6,739 | #149 |
| Florida | 50 | 6.750% | $9,279 | #326 |
| Washington | 31 | 6.990% | $7,775 | — |
| Nevada | 28 | 6.375% | $10,651 | — |
| Pennsylvania | 18 | 6.688% | $9,471 | — |
| Georgia | 15 | 6.875% | $8,015 | — |
| Oregon | 15 | 6.500% | $10,642 | — |
| Wisconsin | 15 | 6.750% | $3,787 | — |
| Tennessee | 11 | 6.990% | $8,081 | — |
| North Carolina | 9 | 6.750% | $6,290 | — |
| Arkansas | 5 | 6.625% | $7,782 | — |
| Colorado | 5 | 6.250% | $12,925 | — |
| Kentucky | 4 | 6.870% | $6,640 | — |
| Maryland | 4 | 7.490% | $13,851 | — |
| Virginia | 4 | 6.562% | $5,049 | — |
| Iowa | 3 | 6.250% | $3,921 | — |
| West Virginia | 3 | 6.500% | $4,762 | — |
| Idaho | 2 | 6.562% | $6,588 | — |
| New Jersey | 2 | 6.625% | $10,361 | — |
| Alabama | 1 | 6.625% | $4,160 | — |
| Montana | 1 | 6.125% | $26,440 | — |
| Nebraska | 1 | 7.250% | $19,085 | — |
| Utah | 1 | 6.125% | $5,220 | — |
| Wyoming | 1 | 6.625% | $12,242 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,240 | 7.000% | — | 80 | −$3,569 | |
| 2 | $4,952 | 6.625% | — | 123 | −$2,857 | |
| 3 | $5,135 | 6.875% | — | 562 | −$2,674 | |
| 4 | $5,372 | 6.750% | — | 80 | −$2,437 | |
| 5 | $5,908 | 6.750% | — | 85 | −$1,901 | |
| 6 | $6,055 | 6.750% | — | 160 | −$1,754 | |
| 7 | $6,245 | 6.875% | — | 162 | −$1,564 | |
| 8 | $6,488 | 6.625% | — | 210 | −$1,321 | |
| 9 | $7,953 | 6.875% | — | 236 | +$144 | |
| 10 | $8,457 | 6.875% | — | 96 | +$648 | |
| 11 | $8,465 | 6.875% | — | 125 | +$656 | |
| 12 | $8,825 | 6.875% | — | 145 | +$1,016 | |
| 13 | $9,132 | 6.875% | — | 258 | +$1,323 | |
| 14 | $9,325 | 6.875% | — | 1,480 | +$1,516 | |
| 15 | $9,812 | 7.125% | — | 69 | +$2,003 | |
| 16 | $10,483 | 6.750% | — | 84 | +$2,674 | |
| 17 | $10,820 | 6.875% | — | 152 | +$3,011 | |
| 18 | $10,946 | 6.500% | — | 94 | +$3,137 | |
| 19 | $11,538 | 6.625% | — | 58 | +$3,729 | |
| 20 | $14,474 | 6.625% | — | 76 | +$6,665 |
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.