NQM FUNDING, LLC closing costs and rates (2024)
In 2024, NQM FUNDING, LLC originated 1,635 purchase mortgages at a median interest rate of 7.62% and median total closing costs of $12,659. That ranks #261 nationally by origination volume. For total closing costs among lenders with 500+ originations, NQM FUNDING, LLC ranks #600. That is $5,918 above the national median of $6,741. NQM FUNDING, LLC is most active in Florida with 433 originations there.
Purchase Originations
1,635
Ranked #261 nationally
Median Total Costs
$12,659
+87.8% vs national ($6,741)
Median Rate
7.624%
+15.2% vs national (6.620%)
Median Origination
$8,086
Median Lender Credits
$715
Cost Rank (500+ vol.)
#600
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,452 | 7.750% | $12,583 | $8,590 |
| fha | 124 | 6.625% | $14,628 | $5,157 |
| va | 57 | 6.625% | $9,764 | $1,399 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 433 | 7.374% | $12,949 | #100 |
| California | 204 | 7.624% | $16,998 | #147 |
| New York | 196 | 7.749% | $18,194 | #87 |
| New Jersey | 148 | 8.187% | $7,706 | #88 |
| Texas | 96 | 7.874% | $13,260 | #280 |
| Georgia | 83 | 8.124% | $10,859 | #154 |
| Arizona | 53 | 7.374% | $14,203 | #139 |
| North Carolina | 45 | 7.624% | $10,867 | — |
| Illinois | 43 | 6.750% | $6,691 | — |
| Massachusetts | 38 | 8.124% | $18,821 | — |
| Pennsylvania | 38 | 7.874% | $9,832 | — |
| Connecticut | 37 | 8.624% | $7,266 | — |
| Maryland | 31 | 8.124% | $12,696 | — |
| Missouri | 26 | 7.061% | $8,954 | — |
| South Carolina | 23 | 8.249% | $11,880 | — |
| Colorado | 19 | 8.624% | $12,719 | — |
| Virginia | 17 | 8.749% | $13,135 | — |
| Washington | 14 | 7.311% | $12,257 | — |
| Oregon | 11 | 7.999% | $11,056 | — |
| Nevada | 10 | 7.312% | $13,862 | — |
| Ohio | 10 | 7.311% | $9,301 | — |
| Tennessee | 10 | 7.999% | $6,555 | — |
| Alaska | 6 | 6.870% | $3,174 | — |
| Arkansas | 5 | 9.124% | $170 | — |
| Indiana | 5 | 7.874% | $2,349 | — |
| Oklahoma | 5 | 7.500% | $8,802 | — |
| Wisconsin | 5 | 7.374% | $3,079 | — |
| Utah | 4 | 8.062% | $11,196 | — |
| Michigan | 3 | 8.250% | $7,464 | — |
| New Mexico | 3 | 7.125% | $7,345 | — |
| Alabama | 2 | 8.687% | $2,812 | — |
| Delaware | 2 | 8.937% | $5,420 | — |
| Kansas | 2 | 8.312% | $8,130 | — |
| Kentucky | 2 | 7.186% | $14,050 | — |
| Louisiana | 2 | 8.437% | $5,874 | — |
| Mississippi | 2 | 7.874% | $12,341 | — |
| New Hampshire | 2 | 8.062% | $10,487 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $170 | 8.125% | — | 17 | −$12,489 | |
| 2 | $6,258 | 6.312% | — | 16 | −$6,401 | |
| 3 | $6,865 | 6.990% | — | 19 | −$5,794 | |
| 4 | $6,945 | 7.624% | — | 28 | −$5,714 | |
| 5 | $10,822 | 8.499% | — | 18 | −$1,837 | |
| 6 | $11,605 | 6.750% | — | 67 | −$1,054 | |
| 7 | $12,370 | 7.125% | — | 98 | −$289 | |
| 8 | $12,400 | 7.249% | — | 64 | −$259 | |
| 9 | $12,710 | 7.749% | — | 18 | +$51 | |
| 10 | $14,425 | 7.999% | — | 24 | +$1,766 | |
| 11 | $14,569 | 7.312% | — | 44 | +$1,910 | |
| 12 | $15,777 | 7.749% | — | 44 | +$3,118 | |
| 13 | $16,373 | 7.499% | — | 31 | +$3,714 | |
| 14 | $16,381 | 7.874% | — | 36 | +$3,722 | |
| 15 | $18,592 | 7.749% | — | 28 | +$5,933 | |
| 16 | $19,286 | 7.999% | — | 43 | +$6,627 | |
| 17 | $19,418 | 7.811% | — | 24 | +$6,759 | |
| 18 | $21,167 | 7.624% | — | 23 | +$8,508 | |
| 19 | $21,726 | 7.124% | — | 53 | +$9,067 | |
| 20 | $22,118 | 7.374% | — | 16 | +$9,459 |
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.