NEW FED MORTGAGE, CORP. closing costs and rates (2024)
In 2024, NEW FED MORTGAGE, CORP. originated 684 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $7,805. That ranks #517 nationally by origination volume. For total closing costs among lenders with 500+ originations, NEW FED MORTGAGE, CORP. ranks #430. That is $1,064 above the national median of $6,741. NEW FED MORTGAGE, CORP. is most active in Massachusetts with 281 originations there.
Purchase Originations
684
Ranked #517 nationally
Median Total Costs
$7,805
+15.8% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,606
Median Lender Credits
$125
Cost Rank (500+ vol.)
#430
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 442 | 6.875% | $5,668 | $2,106 |
| fha | 203 | 6.500% | $12,731 | $3,105 |
| va | 37 | 6.250% | $9,287 | $3,736 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 281 | 6.875% | $5,732 | #37 |
| Texas | 177 | 6.625% | $10,110 | #214 |
| Oklahoma | 60 | 6.750% | $8,802 | #91 |
| New Hampshire | 58 | 6.875% | $5,231 | #40 |
| Delaware | 26 | 6.625% | $9,598 | — |
| Florida | 21 | 6.625% | $8,729 | — |
| South Carolina | 16 | 6.625% | $8,310 | — |
| North Carolina | 12 | 6.625% | $7,088 | — |
| New Jersey | 12 | 6.625% | $5,882 | — |
| Maine | 6 | 7.312% | $5,111 | — |
| Maryland | 5 | 6.250% | $10,602 | — |
| Pennsylvania | 4 | 7.188% | $5,289 | — |
| Connecticut | 3 | 6.990% | $8,117 | — |
| Rhode Island | 2 | 6.625% | $5,096 | — |
| Illinois | 1 | 6.250% | $10,826 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,227 | 6.875% | — | 33 | −$2,578 | |
| 2 | $5,248 | 6.750% | — | 19 | −$2,557 | |
| 3 | $5,345 | 6.625% | — | 27 | −$2,460 | |
| 4 | $5,458 | 6.875% | — | 23 | −$2,347 | |
| 5 | $5,544 | 6.812% | — | 66 | −$2,261 | |
| 6 | $6,004 | 6.625% | — | 37 | −$1,801 | |
| 7 | $6,275 | 6.875% | — | 20 | −$1,530 | |
| 8 | $6,332 | 6.625% | — | 12 | −$1,473 | |
| 9 | $6,343 | 6.875% | — | 87 | −$1,462 | |
| 10 | $7,217 | 6.875% | — | 9 | −$588 | |
| 11 | $7,608 | 6.990% | — | 12 | −$197 | |
| 12 | $8,215 | 6.625% | — | 12 | +$410 | |
| 13 | $9,007 | 6.875% | — | 9 | +$1,202 | |
| 14 | $9,514 | 6.750% | — | 57 | +$1,709 | |
| 15 | $9,570 | 6.875% | — | 9 | +$1,765 | |
| 16 | $9,699 | 6.625% | — | 11 | +$1,894 | |
| 17 | $10,465 | 6.688% | — | 12 | +$2,660 | |
| 18 | $10,597 | 6.500% | — | 13 | +$2,792 | |
| 19 | $11,071 | 6.500% | — | 33 | +$3,266 | |
| 20 | $11,074 | 6.625% | — | 9 | +$3,269 |
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.