NexBank closing costs and rates (2024)
In 2024, NexBank originated 3,547 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,658. That ranks #132 nationally by origination volume. For total closing costs among lenders with 500+ originations, NexBank ranks #349. That is $83 below the national median of $6,741. NexBank is most active in Texas with 819 originations there.
Purchase Originations
3,547
Ranked #132 nationally
Median Total Costs
$6,658
−1.2% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,893
Median Lender Credits
$1,050
Cost Rank (500+ vol.)
#349
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,491 | 6.625% | $6,615 | $2,874 |
| fha | 40 | 6.625% | $13,710 | $4,557 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 819 | 6.625% | $7,692 | #78 |
| Georgia | 419 | 6.625% | $6,547 | #64 |
| California | 343 | 6.750% | $9,316 | #103 |
| Illinois | 233 | 6.625% | $6,358 | #86 |
| Minnesota | 183 | 6.625% | $5,515 | #63 |
| Wisconsin | 154 | 6.750% | $3,472 | #71 |
| Florida | 138 | 6.625% | $6,646 | #209 |
| Virginia | 122 | 6.500% | $6,573 | #120 |
| Washington | 122 | 6.625% | $6,483 | #93 |
| Tennessee | 110 | 6.625% | $6,228 | #118 |
| Arizona | 101 | 6.625% | $6,110 | #97 |
| Pennsylvania | 95 | 6.625% | $5,767 | #163 |
| Colorado | 81 | 6.375% | $4,288 | #115 |
| Michigan | 69 | 6.875% | $4,815 | #135 |
| Missouri | 69 | 6.625% | $4,725 | #123 |
| North Carolina | 66 | 6.500% | $5,042 | #178 |
| Maryland | 51 | 6.500% | $7,372 | #128 |
| New Jersey | 38 | 6.625% | $8,487 | — |
| Ohio | 37 | 6.625% | $4,158 | — |
| Oklahoma | 28 | 7.125% | $5,184 | — |
| Alabama | 27 | 6.500% | $6,481 | — |
| Massachusetts | 27 | 6.625% | $4,979 | — |
| Connecticut | 25 | 6.500% | $9,166 | — |
| Kansas | 18 | 6.625% | $3,796 | — |
| Oregon | 18 | 6.500% | $4,744 | — |
| South Carolina | 18 | 6.625% | $5,155 | — |
| Nebraska | 17 | 6.625% | $3,423 | — |
| Indiana | 16 | 6.500% | $3,454 | — |
| Nevada | 16 | 6.750% | $5,996 | — |
| Kentucky | 13 | 6.875% | $5,488 | — |
| Utah | 11 | 6.375% | $3,311 | — |
| New Mexico | 9 | 7.000% | $4,348 | — |
| District of Columbia | 6 | 5.933% | $6,349 | — |
| Idaho | 6 | 6.750% | $8,250 | — |
| New Hampshire | 6 | 6.438% | $8,888 | — |
| Louisiana | 5 | 6.625% | $4,685 | — |
| Iowa | 4 | 6.938% | $4,241 | — |
| Arkansas | 3 | 6.125% | $8,065 | — |
| Hawaii | 3 | 6.125% | $9,944 | — |
| Mississippi | 3 | 6.875% | $4,086 | — |
| Montana | 3 | 6.500% | $5,847 | — |
| North Dakota | 3 | 6.375% | $6,407 | — |
| Rhode Island | 3 | 6.375% | $4,472 | — |
| Maine | 2 | 6.495% | $3,523 | — |
| West Virginia | 2 | 7.125% | $4,210 | — |
| Wyoming | 2 | 6.812% | $8,234 | — |
| Alaska | 1 | 6.000% | $5,644 | — |
| Delaware | 1 | 7.125% | $20,053 | — |
| Vermont | 1 | 6.500% | $4,917 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,458 | 6.990% | — | 38 | −$3,200 | |
| 2 | $4,854 | 6.500% | — | 52 | −$1,804 | |
| 3 | $5,810 | 6.875% | — | 53 | −$848 | |
| 4 | $6,115 | 6.625% | — | 43 | −$543 | |
| 5 | $6,603 | 6.875% | — | 152 | −$55 | |
| 6 | $6,718 | 6.625% | — | 37 | +$60 | |
| 7 | $6,860 | 6.625% | — | 82 | +$202 | |
| 8 | $7,227 | 6.625% | — | 75 | +$569 | |
| 9 | $7,534 | 6.562% | — | 40 | +$876 | |
| 10 | $7,919 | 6.500% | — | 42 | +$1,261 | |
| 11 | $8,058 | 6.500% | — | 82 | +$1,400 | |
| 12 | $8,063 | 6.625% | — | 96 | +$1,405 | |
| 13 | $8,147 | 6.625% | — | 72 | +$1,489 | |
| 14 | $8,197 | 6.500% | — | 78 | +$1,539 | |
| 15 | $8,381 | 6.500% | — | 59 | +$1,723 | |
| 16 | $8,608 | 6.625% | — | 69 | +$1,950 | |
| 17 | $8,933 | 6.812% | — | 38 | +$2,275 | |
| 18 | $9,027 | 6.562% | — | 76 | +$2,369 | |
| 19 | $9,043 | 6.875% | — | 43 | +$2,385 | |
| 20 | $10,273 | 6.812% | — | 76 | +$3,615 |
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.