NETWORK FUNDING, L.P. closing costs and rates (2024)
In 2024, NETWORK FUNDING, L.P. originated 1,864 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $9,024. That ranks #237 nationally by origination volume. For total closing costs among lenders with 500+ originations, NETWORK FUNDING, L.P. ranks #507. That is $2,283 above the national median of $6,741. NETWORK FUNDING, L.P. is most active in Texas with 1,524 originations there.
Purchase Originations
1,864
Ranked #237 nationally
Median Total Costs
$9,024
+33.9% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,529
Median Lender Credits
$60
Cost Rank (500+ vol.)
#507
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,072 | 6.625% | $7,181 | $3,437 |
| fha | 543 | 6.625% | $12,357 | $3,881 |
| va | 229 | 6.125% | $8,944 | $3,079 |
| usda | 20 | 6.250% | $7,468 | $2,842 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,524 | 6.625% | $9,403 | #41 |
| Florida | 110 | 6.625% | $7,104 | #237 |
| South Carolina | 94 | 6.625% | $7,834 | #122 |
| Colorado | 35 | 6.990% | $5,581 | — |
| Utah | 27 | 6.625% | $9,193 | — |
| Oklahoma | 19 | 6.625% | $6,893 | — |
| Louisiana | 17 | 6.750% | $7,239 | — |
| Arizona | 7 | 6.625% | $12,801 | — |
| Massachusetts | 5 | 7.125% | $4,344 | — |
| Illinois | 4 | 6.750% | $6,213 | — |
| Arkansas | 3 | 6.500% | $8,264 | — |
| Montana | 3 | 6.500% | $3,936 | — |
| Pennsylvania | 3 | 6.375% | $6,199 | — |
| Rhode Island | 3 | 7.125% | $11,341 | — |
| Tennessee | 3 | 6.750% | $12,603 | — |
| Washington | 2 | 6.433% | $21,632 | — |
| Idaho | 1 | 6.625% | $9,299 | — |
| North Carolina | 1 | 5.875% | $4,698 | — |
| New Mexico | 1 | 6.375% | $9,397 | — |
| Virginia | 1 | 6.625% | $4,993 | — |
| Wyoming | 1 | 6.250% | $14,952 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,704 | 6.625% | — | 33 | −$3,320 | |
| 2 | $6,773 | 6.875% | — | 83 | −$2,251 | |
| 3 | $7,063 | 6.625% | — | 30 | −$1,961 | |
| 4 | $7,280 | 6.875% | — | 32 | −$1,744 | |
| 5 | $8,295 | 6.625% | — | 89 | −$729 | |
| 6 | $8,331 | 6.625% | — | 123 | −$693 | |
| 7 | $8,662 | 6.495% | — | 30 | −$362 | |
| 8 | $8,734 | 6.625% | — | 36 | −$290 | |
| 9 | $8,762 | 6.625% | — | 32 | −$262 | |
| 10 | $8,851 | 6.625% | — | 33 | −$173 | |
| 11 | $8,878 | 6.500% | — | 16 | −$146 | |
| 12 | $9,036 | 6.625% | — | 87 | +$12 | |
| 13 | $9,293 | 6.750% | — | 41 | +$269 | |
| 14 | $9,336 | 6.625% | — | 78 | +$312 | |
| 15 | $9,683 | 6.625% | — | 441 | +$659 | |
| 16 | $10,592 | 6.250% | — | 22 | +$1,568 | |
| 17 | $11,177 | 6.500% | — | 107 | +$2,153 | |
| 18 | $11,528 | 6.625% | — | 27 | +$2,504 | |
| 19 | $11,856 | 6.125% | — | 27 | +$2,832 | |
| 20 | $12,194 | 6.250% | — | 35 | +$3,170 |
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.