NEW AMERICAN FUNDING, LLC closing costs and rates (2024)
In 2024, NEW AMERICAN FUNDING, LLC originated 29,368 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $8,139. That ranks #15 nationally by origination volume. For total closing costs among lenders with 500+ originations, NEW AMERICAN FUNDING, LLC ranks #455. That is $1,398 above the national median of $6,741. NEW AMERICAN FUNDING, LLC is most active in Florida with 2,619 originations there.
Purchase Originations
29,368
Ranked #15 nationally
Median Total Costs
$8,139
+20.7% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$3,329
Median Lender Credits
$651
Cost Rank (500+ vol.)
#455
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 16,259 | 6.875% | $6,136 | $2,809 |
| fha | 9,764 | 6.750% | $11,861 | $4,092 |
| va | 3,031 | 6.500% | $9,665 | $3,177 |
| usda | 314 | 6.750% | $7,225 | $3,059 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 2,619 | 6.625% | $11,279 | #17 |
| Georgia | 2,615 | 6.625% | $10,024 | #7 |
| Texas | 2,322 | 6.625% | $9,879 | #25 |
| California | 2,227 | 6.625% | $10,501 | #22 |
| Illinois | 1,968 | 6.990% | $6,010 | #11 |
| Missouri | 1,525 | 6.990% | $5,035 | #9 |
| Minnesota | 1,422 | 6.875% | $6,868 | #6 |
| Pennsylvania | 1,180 | 6.750% | $7,497 | #14 |
| Iowa | 1,036 | 6.750% | $5,129 | #5 |
| Washington | 976 | 6.750% | $9,554 | #17 |
| Colorado | 870 | 6.750% | $8,957 | #16 |
| North Carolina | 721 | 6.625% | $9,110 | #36 |
| Tennessee | 688 | 6.750% | $8,660 | #24 |
| Nevada | 680 | 6.490% | $10,786 | #11 |
| Arizona | 670 | 6.625% | $10,052 | #26 |
| Kentucky | 634 | 6.750% | $7,856 | #12 |
| Massachusetts | 537 | 6.875% | $6,265 | #17 |
| Alabama | 523 | 6.750% | $8,143 | #25 |
| New Jersey | 488 | 6.750% | $7,663 | #31 |
| South Carolina | 484 | 6.750% | $8,845 | #29 |
| Indiana | 474 | 6.990% | $6,772 | #36 |
| Ohio | 462 | 7.000% | $8,080 | #53 |
| Michigan | 380 | 6.875% | $6,182 | #49 |
| Virginia | 362 | 6.625% | $8,214 | #54 |
| Oklahoma | 301 | 6.875% | $8,672 | #25 |
| Mississippi | 259 | 6.875% | $8,847 | #21 |
| Arkansas | 258 | 6.750% | $6,522 | #26 |
| Maryland | 251 | 6.875% | $10,210 | #56 |
| New York | 251 | 6.750% | $10,476 | #71 |
| Oregon | 251 | 6.875% | $7,593 | #36 |
| Connecticut | 237 | 6.625% | $7,136 | #26 |
| Utah | 226 | 6.625% | $9,862 | #32 |
| Wisconsin | 219 | 6.990% | $5,346 | #54 |
| Louisiana | 172 | 6.990% | $6,755 | #36 |
| Maine | 171 | 6.990% | $4,471 | #16 |
| New Mexico | 149 | 6.875% | $8,172 | #28 |
| Idaho | 110 | 6.500% | $9,038 | #43 |
| Delaware | 100 | 6.625% | $6,423 | #27 |
| Kansas | 100 | 6.995% | $7,222 | #67 |
| New Hampshire | 88 | 6.875% | $4,551 | #28 |
| West Virginia | 82 | 7.125% | $6,720 | #38 |
| Rhode Island | 61 | 6.625% | $9,914 | #34 |
| Nebraska | 45 | 6.875% | $8,081 | — |
| Montana | 38 | 6.750% | $7,766 | — |
| Vermont | 30 | 6.812% | $6,976 | — |
| Wyoming | 26 | 6.995% | $7,231 | — |
| Alaska | 23 | 6.625% | $8,400 | — |
| North Dakota | 18 | 6.812% | $10,167 | — |
| Puerto Rico | 16 | 6.125% | $13,510 | — |
| South Dakota | 12 | 6.995% | $8,718 | — |
| District of Columbia | 7 | 6.875% | $12,212 | — |
| Hawaii | 4 | 6.812% | $6,971 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,363 | 6.995% | — | 204 | −$4,776 | |
| 2 | $4,349 | 6.750% | — | 341 | −$3,790 | |
| 3 | $4,420 | 7.000% | — | 307 | −$3,719 | |
| 4 | $4,835 | 6.990% | — | 468 | −$3,304 | |
| 5 | $6,523 | 6.990% | — | 348 | −$1,616 | |
| 6 | $7,000 | 6.625% | — | 294 | −$1,139 | |
| 7 | $7,244 | 6.875% | — | 315 | −$895 | |
| 8 | $7,848 | 6.688% | — | 190 | −$291 | |
| 9 | $8,108 | 6.750% | — | 211 | −$31 | |
| 10 | $9,656 | 6.625% | — | 462 | +$1,517 | |
| 11 | $9,704 | 6.375% | — | 320 | +$1,565 | |
| 12 | $10,834 | 6.250% | — | 552 | +$2,695 | |
| 13 | $10,878 | 6.500% | — | 195 | +$2,739 | |
| 14 | $10,963 | 6.625% | — | 367 | +$2,824 | |
| 15 | $11,162 | 6.750% | — | 472 | +$3,023 | |
| 16 | $11,709 | 6.750% | — | 203 | +$3,570 | |
| 17 | $12,431 | 6.375% | — | 209 | +$4,292 | |
| 18 | $12,936 | 6.250% | — | 193 | +$4,797 | |
| 19 | $14,248 | 6.812% | — | 198 | +$6,109 | |
| 20 | $15,585 | 6.625% | — | 297 | +$7,446 |
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.