NORWICH COMMERCIAL GROUP, INC. closing costs and rates (2024)
In 2024, NORWICH COMMERCIAL GROUP, INC. originated 2,036 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $8,800. That ranks #221 nationally by origination volume. For total closing costs among lenders with 500+ originations, NORWICH COMMERCIAL GROUP, INC. ranks #491. That is $2,059 above the national median of $6,741. NORWICH COMMERCIAL GROUP, INC. is most active in New York with 562 originations there.
Purchase Originations
2,036
Ranked #221 nationally
Median Total Costs
$8,800
+30.5% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,157
Median Lender Credits
$1,090
Cost Rank (500+ vol.)
#491
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,350 | 6.750% | $7,632 | $3,721 |
| fha | 491 | 6.250% | $12,989 | $3,415 |
| va | 153 | 6.250% | $7,685 | $1,169 |
| usda | 42 | 6.250% | $5,138 | $1,170 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 562 | 6.625% | $10,041 | #42 |
| Connecticut | 342 | 6.625% | $8,062 | #16 |
| New Jersey | 208 | 6.625% | $11,922 | #63 |
| Massachusetts | 152 | 6.625% | $8,468 | #65 |
| California | 125 | 6.500% | $10,191 | #183 |
| Florida | 96 | 6.625% | $10,748 | #253 |
| Pennsylvania | 71 | 6.875% | $7,076 | #180 |
| Arizona | 53 | 6.500% | $10,788 | #140 |
| Georgia | 46 | 6.250% | $5,022 | — |
| Illinois | 46 | 6.250% | $9,623 | — |
| Maryland | 44 | 6.625% | $9,559 | — |
| Texas | 38 | 6.500% | $9,254 | — |
| Kentucky | 30 | 6.688% | $4,162 | — |
| Maine | 30 | 6.812% | $4,733 | — |
| Alabama | 29 | 6.250% | $4,334 | — |
| New Hampshire | 24 | 6.625% | $4,167 | — |
| South Carolina | 20 | 6.188% | $9,694 | — |
| Indiana | 15 | 6.250% | $3,960 | — |
| Virginia | 15 | 6.625% | $10,674 | — |
| North Carolina | 14 | 6.250% | $7,354 | — |
| Rhode Island | 12 | 6.250% | $12,074 | — |
| Colorado | 10 | 6.312% | $8,347 | — |
| GU | 7 | 6.250% | $15,669 | — |
| Ohio | 6 | 6.625% | $6,421 | — |
| Oregon | 6 | 6.312% | $6,306 | — |
| District of Columbia | 4 | 7.000% | $23,237 | — |
| Michigan | 4 | 7.188% | $5,567 | — |
| Oklahoma | 4 | 6.688% | $8,406 | — |
| Tennessee | 4 | 6.375% | $7,779 | — |
| Vermont | 4 | 6.438% | $4,747 | — |
| Washington | 4 | 6.188% | $7,255 | — |
| Delaware | 2 | 6.250% | $13,018 | — |
| Mississippi | 2 | 6.000% | $10,148 | — |
| Wisconsin | 2 | 6.312% | $4,944 | — |
| Alaska | 1 | 6.250% | $16,138 | — |
| Idaho | 1 | 6.750% | $17,790 | — |
| Louisiana | 1 | 5.750% | $5,220 | — |
| Utah | 1 | 6.125% | $8,185 | — |
| West Virginia | 1 | 6.625% | $3,568 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,679 | 6.875% | — | 22 | −$4,121 | |
| 2 | $6,064 | 6.688% | — | 28 | −$2,736 | |
| 3 | $6,492 | 6.625% | — | 35 | −$2,308 | |
| 4 | $7,059 | 6.500% | — | 65 | −$1,741 | |
| 5 | $7,765 | 6.625% | — | 28 | −$1,035 | |
| 6 | $7,914 | 6.875% | — | 124 | −$886 | |
| 7 | $7,952 | 6.625% | — | 142 | −$848 | |
| 8 | $8,393 | 6.750% | — | 49 | −$407 | |
| 9 | $8,540 | 6.750% | — | 44 | −$260 | |
| 10 | $9,232 | 6.875% | — | 172 | +$432 | |
| 11 | $9,755 | 6.625% | — | 65 | +$955 | |
| 12 | $10,227 | 6.250% | — | 33 | +$1,427 | |
| 13 | $10,239 | 6.500% | — | 77 | +$1,439 | |
| 14 | $10,378 | 6.812% | — | 22 | +$1,578 | |
| 15 | $10,724 | 6.875% | — | 63 | +$1,924 | |
| 16 | $11,412 | 6.500% | — | 37 | +$2,612 | |
| 17 | $11,491 | 6.125% | — | 27 | +$2,691 | |
| 18 | $14,268 | 6.750% | — | 47 | +$5,468 | |
| 19 | $15,833 | 6.625% | — | 25 | +$7,033 | |
| 20 | $16,684 | 6.562% | — | 36 | +$7,884 |
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.