NEW WAVE LENDING GROUP INC closing costs and rates (2024)
In 2024, NEW WAVE LENDING GROUP INC originated 1,866 purchase mortgages at a median interest rate of 7.12% and median total closing costs of $10,200. That ranks #235 nationally by origination volume. For total closing costs among lenders with 500+ originations, NEW WAVE LENDING GROUP INC ranks #556. That is $3,459 above the national median of $6,741. NEW WAVE LENDING GROUP INC is most active in California with 1,186 originations there.
Purchase Originations
1,866
Ranked #235 nationally
Median Total Costs
$10,200
+51.3% vs national ($6,741)
Median Rate
7.125%
+7.6% vs national (6.620%)
Median Origination
$5,916
Median Lender Credits
$1,976
Cost Rank (500+ vol.)
#556
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,831 | 7.125% | $10,089 | $5,912 |
| fha | 35 | 6.500% | $19,511 | $6,064 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,186 | 7.000% | $10,013 | #38 |
| Texas | 161 | 7.250% | $10,253 | #220 |
| Georgia | 122 | 7.250% | $8,886 | #129 |
| Florida | 82 | 7.375% | $13,079 | #266 |
| Nevada | 70 | 6.875% | $9,137 | #80 |
| Illinois | 61 | 7.000% | $11,430 | #180 |
| Virginia | 35 | 7.000% | $11,777 | — |
| Maryland | 28 | 7.375% | $10,566 | — |
| New Jersey | 24 | 7.312% | $10,013 | — |
| North Carolina | 22 | 7.250% | $8,393 | — |
| Colorado | 14 | 6.875% | $13,172 | — |
| Pennsylvania | 12 | 6.938% | $10,140 | — |
| Arizona | 10 | 6.938% | $10,765 | — |
| South Carolina | 9 | 7.500% | $10,910 | — |
| Washington | 9 | 6.500% | $7,362 | — |
| Oregon | 5 | 7.375% | $12,059 | — |
| District of Columbia | 4 | 6.562% | $6,284 | — |
| Tennessee | 4 | 7.312% | $13,788 | — |
| Connecticut | 3 | 7.375% | $10,015 | — |
| Hawaii | 2 | 7.562% | $13,842 | — |
| Ohio | 2 | 7.188% | $11,017 | — |
| Michigan | 1 | 7.000% | $7,722 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,932 | 7.375% | — | 25 | −$2,268 | |
| 2 | $8,279 | 7.375% | — | 36 | −$1,921 | |
| 3 | $8,286 | 6.875% | — | 36 | −$1,914 | |
| 4 | $8,331 | 6.875% | — | 27 | −$1,869 | |
| 5 | $8,606 | 7.250% | — | 73 | −$1,594 | |
| 6 | $8,888 | 6.875% | — | 95 | −$1,312 | |
| 7 | $9,137 | 6.875% | — | 68 | −$1,063 | |
| 8 | $9,214 | 7.250% | — | 77 | −$986 | |
| 9 | $9,394 | 7.312% | — | 24 | −$806 | |
| 10 | $9,670 | 6.875% | — | 71 | −$530 | |
| 11 | $9,844 | 7.062% | — | 32 | −$356 | |
| 12 | $10,202 | 7.000% | — | 205 | +$2 | |
| 13 | $10,399 | 7.250% | — | 20 | +$199 | |
| 14 | $10,663 | 7.188% | — | 18 | +$463 | |
| 15 | $10,666 | 7.000% | — | 21 | +$466 | |
| 16 | $11,410 | 7.000% | — | 22 | +$1,210 | |
| 17 | $11,448 | 7.000% | — | 504 | +$1,248 | |
| 18 | $11,785 | 7.062% | — | 18 | +$1,585 | |
| 19 | $12,290 | 6.875% | — | 23 | +$2,090 | |
| 20 | $14,118 | 7.312% | — | 16 | +$3,918 |
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.