OceanFirst Bank, National Association closing costs and rates (2024)
In 2024, OceanFirst Bank, National Association originated 962 purchase mortgages at a median interest rate of 6.12% and median total closing costs of $4,553. That ranks #384 nationally by origination volume. For total closing costs among lenders with 500+ originations, OceanFirst Bank, National Association ranks #161. That is $2,188 below the national median of $6,741. OceanFirst Bank, National Association is most active in New Jersey with 710 originations there.
Purchase Originations
962
Ranked #384 nationally
Median Total Costs
$4,553
−32.5% vs national ($6,741)
Median Rate
6.125%
−7.5% vs national (6.620%)
Median Origination
$550
Median Lender Credits
$6,000
Cost Rank (500+ vol.)
#161
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 887 | 6.125% | $4,454 | $550 |
| fha | 49 | 6.125% | $11,343 | $550 |
| va | 26 | 6.062% | $9,280 | $1,598 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 710 | 6.125% | $4,546 | #24 |
| Pennsylvania | 135 | 5.875% | $4,380 | #135 |
| Virginia | 35 | 6.500% | $5,214 | — |
| Maryland | 24 | 6.125% | $5,245 | — |
| Florida | 20 | 6.125% | $10,001 | — |
| New York | 8 | 6.312% | $5,744 | — |
| Connecticut | 6 | 6.312% | $4,713 | — |
| Michigan | 6 | 6.000% | $2,836 | — |
| District of Columbia | 3 | 7.000% | $8,185 | — |
| Delaware | 3 | 6.250% | $4,364 | — |
| Colorado | 2 | 6.312% | $2,769 | — |
| Massachusetts | 2 | 6.562% | $12,819 | — |
| New Hampshire | 2 | 6.500% | $4,142 | — |
| Georgia | 1 | 6.875% | $11,093 | — |
| Maine | 1 | 6.750% | $3,605 | — |
| Mississippi | 1 | 5.750% | $10,043 | — |
| Ohio | 1 | 6.625% | $4,258 | — |
| South Carolina | 1 | 6.250% | $8,815 | — |
| Texas | 1 | 7.375% | $5,389 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,617 | 5.875% | — | 15 | −$936 | |
| 2 | $3,749 | 6.000% | — | 72 | −$804 | |
| 3 | $3,754 | 6.375% | — | 40 | −$799 | |
| 4 | $3,913 | 6.000% | — | 55 | −$640 | |
| 5 | $4,082 | 5.750% | — | 70 | −$471 | |
| 6 | $4,285 | 6.125% | — | 61 | −$268 | |
| 7 | $4,523 | 6.125% | — | 21 | −$30 | |
| 8 | $4,552 | 6.125% | — | 183 | −$1 | |
| 9 | $4,578 | 6.062% | — | 16 | +$25 | |
| 10 | $4,863 | 5.750% | — | 14 | +$310 | |
| 11 | $4,870 | 6.500% | — | 14 | +$317 | |
| 12 | $4,891 | 6.375% | — | 15 | +$338 | |
| 13 | $4,935 | 6.375% | — | 94 | +$382 | |
| 14 | $4,942 | 6.125% | — | 10 | +$389 | |
| 15 | $5,070 | 5.500% | — | 49 | +$517 | |
| 16 | $5,111 | 6.188% | — | 12 | +$558 | |
| 17 | $5,192 | 5.875% | — | 12 | +$639 | |
| 18 | $5,810 | 5.750% | — | 23 | +$1,257 | |
| 19 | $6,106 | 6.125% | — | 10 | +$1,553 | |
| 20 | $6,936 | 6.625% | — | 16 | +$2,383 |
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.