NEWREZ LLC closing costs and rates (2024)
In 2024, NEWREZ LLC originated 24,090 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,453. That ranks #18 nationally by origination volume. For total closing costs among lenders with 500+ originations, NEWREZ LLC ranks #399. That is $712 above the national median of $6,741. NEWREZ LLC is most active in Florida with 2,565 originations there.
Purchase Originations
24,090
Ranked #18 nationally
Median Total Costs
$7,453
+10.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,247
Median Lender Credits
$906
Cost Rank (500+ vol.)
#399
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 14,477 | 6.990% | $6,291 | $2,684 |
| fha | 5,192 | 6.250% | $10,969 | $2,103 |
| va | 3,892 | 6.250% | $8,291 | $1,535 |
| usda | 529 | 6.250% | $6,165 | $1,605 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 2,565 | 6.625% | $10,239 | #19 |
| California | 1,823 | 6.625% | $9,897 | #26 |
| Texas | 1,363 | 6.500% | $9,002 | #48 |
| Washington | 1,205 | 6.625% | $8,162 | #14 |
| Indiana | 1,179 | 6.750% | $4,270 | #12 |
| New York | 1,112 | 6.750% | $9,366 | #22 |
| Ohio | 1,066 | 6.750% | $5,343 | #22 |
| Pennsylvania | 1,049 | 6.750% | $7,271 | #20 |
| Illinois | 841 | 6.990% | $7,118 | #26 |
| North Carolina | 820 | 6.625% | $7,319 | #33 |
| Virginia | 820 | 6.625% | $8,494 | #25 |
| Oregon | 758 | 6.625% | $8,286 | #10 |
| Alaska | 683 | 6.750% | $7,466 | #2 |
| Michigan | 671 | 6.875% | $5,246 | #29 |
| Wisconsin | 575 | 6.750% | $2,990 | #26 |
| Maryland | 571 | 6.750% | $8,366 | #25 |
| New Jersey | 570 | 6.750% | $6,386 | #27 |
| Louisiana | 536 | 6.750% | $6,703 | #14 |
| Colorado | 528 | 6.500% | $8,400 | #29 |
| Minnesota | 483 | 6.625% | $6,244 | #28 |
| Missouri | 430 | 6.750% | $4,686 | #27 |
| Georgia | 368 | 6.625% | $7,913 | #68 |
| Tennessee | 360 | 6.500% | $8,588 | #46 |
| Arizona | 357 | 6.500% | $9,526 | #52 |
| South Carolina | 354 | 6.750% | $7,484 | #45 |
| Massachusetts | 324 | 6.750% | $7,771 | #35 |
| Alabama | 309 | 6.500% | $5,680 | #40 |
| Connecticut | 290 | 6.750% | $8,661 | #18 |
| Oklahoma | 246 | 6.750% | $6,330 | #34 |
| Utah | 174 | 6.500% | $8,486 | #39 |
| Iowa | 151 | 6.500% | $5,258 | #43 |
| Kansas | 148 | 6.750% | $6,347 | #47 |
| Hawaii | 137 | 6.500% | $9,837 | #14 |
| Maine | 127 | 6.625% | $5,265 | #21 |
| Delaware | 118 | 6.812% | $6,219 | #24 |
| Kentucky | 109 | 6.625% | $5,772 | #77 |
| Nevada | 99 | 6.625% | $9,338 | #64 |
| Arkansas | 90 | 6.438% | $4,993 | #68 |
| District of Columbia | 84 | 6.688% | $8,710 | #18 |
| Nebraska | 82 | 6.625% | $6,174 | #44 |
| Mississippi | 66 | 7.000% | $3,435 | #59 |
| West Virginia | 66 | 6.750% | $5,625 | #42 |
| Montana | 60 | 6.250% | $9,460 | #29 |
| North Dakota | 60 | 6.625% | $4,151 | #26 |
| Rhode Island | 60 | 6.625% | $8,442 | #35 |
| Idaho | 50 | 6.188% | $6,265 | #68 |
| New Mexico | 43 | 6.375% | $8,076 | — |
| South Dakota | 40 | 6.433% | $6,332 | — |
| Wyoming | 36 | 5.995% | $7,792 | — |
| New Hampshire | 30 | 6.812% | $5,991 | — |
| Vermont | 4 | 6.625% | $9,038 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,466 | 6.750% | — | 243 | −$2,987 | |
| 2 | $6,457 | 6.875% | — | 273 | −$996 | |
| 3 | $6,595 | 6.625% | — | 175 | −$858 | |
| 4 | $7,313 | 6.750% | — | 216 | −$140 | |
| 5 | $7,579 | 6.250% | — | 216 | +$126 | |
| 6 | $7,607 | 6.933% | — | 146 | +$154 | |
| 7 | $8,054 | 6.875% | — | 373 | +$601 | |
| 8 | $8,094 | 6.750% | — | 161 | +$641 | |
| 9 | $8,247 | 6.625% | — | 209 | +$794 | |
| 10 | $9,032 | 6.625% | — | 169 | +$1,579 | |
| 11 | $9,090 | 6.250% | — | 152 | +$1,637 | |
| 12 | $10,135 | 6.500% | — | 246 | +$2,682 | |
| 13 | $10,266 | 6.500% | — | 162 | +$2,813 | |
| 14 | $10,453 | 6.625% | — | 230 | +$3,000 | |
| 15 | $10,711 | 6.625% | — | 260 | +$3,258 | |
| 16 | $10,723 | 6.625% | — | 265 | +$3,270 | |
| 17 | $11,167 | 6.750% | — | 158 | +$3,714 | |
| 18 | $11,241 | 6.750% | — | 155 | +$3,788 | |
| 19 | $13,168 | 6.812% | — | 244 | +$5,715 | |
| 20 | $14,041 | 6.875% | — | 209 | +$6,588 |
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.