Open Mortgage, LLC closing costs and rates (2024)
In 2024, Open Mortgage, LLC originated 1,128 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $10,711. That ranks #342 nationally by origination volume. For total closing costs among lenders with 500+ originations, Open Mortgage, LLC ranks #576. That is $3,970 above the national median of $6,741. Open Mortgage, LLC is most active in California with 249 originations there.
Purchase Originations
1,128
Ranked #342 nationally
Median Total Costs
$10,711
+58.9% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$4,464
Median Lender Credits
$966
Cost Rank (500+ vol.)
#576
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 604 | 6.750% | $15,432 | $5,845 |
| conventional | 362 | 6.990% | $6,802 | $3,878 |
| va | 95 | 6.625% | $6,082 | $1,345 |
| usda | 67 | 6.625% | $7,934 | $3,561 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 249 | 6.750% | $26,208 | #135 |
| Texas | 209 | 6.875% | $10,641 | #191 |
| Kansas | 112 | 6.990% | $3,920 | #60 |
| Florida | 104 | 6.750% | $11,768 | #243 |
| Oklahoma | 85 | 6.500% | $8,426 | #77 |
| Mississippi | 46 | 6.624% | $6,851 | — |
| Missouri | 44 | 7.000% | $5,313 | — |
| North Carolina | 40 | 6.750% | $8,713 | — |
| Indiana | 31 | 7.125% | $6,541 | — |
| Georgia | 26 | 7.312% | $12,422 | — |
| South Carolina | 19 | 6.875% | $8,221 | — |
| Alabama | 18 | 6.625% | $8,223 | — |
| Iowa | 18 | 6.870% | $6,738 | — |
| Maryland | 15 | 6.750% | $23,023 | — |
| Virginia | 15 | 6.750% | $19,286 | — |
| Illinois | 13 | 6.750% | $11,901 | — |
| South Dakota | 11 | 6.625% | $7,826 | — |
| Arkansas | 8 | 7.058% | $7,474 | — |
| Arizona | 7 | 6.750% | $20,596 | — |
| Louisiana | 7 | 6.500% | $10,715 | — |
| Nevada | 7 | 7.125% | $19,212 | — |
| Colorado | 6 | 6.812% | $7,798 | — |
| Tennessee | 5 | 6.624% | $10,944 | — |
| Wyoming | 5 | 6.500% | $3,896 | — |
| Michigan | 4 | 7.375% | $11,828 | — |
| Minnesota | 4 | 6.250% | $11,776 | — |
| Utah | 4 | 5.750% | $13,144 | — |
| North Dakota | 3 | 6.875% | $5,968 | — |
| Ohio | 3 | 6.490% | $14,448 | — |
| Washington | 3 | 7.500% | $13,388 | — |
| Kentucky | 2 | 7.062% | $10,217 | — |
| Oregon | 2 | 6.312% | $17,300 | — |
| Nebraska | 1 | 6.250% | $14,891 | — |
| New Mexico | 1 | 6.500% | $10,302 | — |
| Pennsylvania | 1 | 7.750% | $19,796 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,629 | 6.933% | — | 54 | −$7,082 | |
| 2 | $4,431 | 6.990% | — | 12 | −$6,280 | |
| 3 | $4,947 | 6.870% | — | 14 | −$5,764 | |
| 4 | $6,572 | 6.624% | — | 13 | −$4,139 | |
| 5 | $6,681 | 6.750% | — | 42 | −$4,030 | |
| 6 | $6,749 | 7.188% | — | 16 | −$3,962 | |
| 7 | $7,190 | 6.690% | — | 17 | −$3,521 | |
| 8 | $8,966 | 6.625% | — | 15 | −$1,745 | |
| 9 | $9,171 | 6.750% | — | 14 | −$1,540 | |
| 10 | $9,889 | 6.990% | — | 14 | −$822 | |
| 11 | $9,917 | 6.500% | — | 13 | −$794 | |
| 12 | $10,879 | 6.750% | — | 16 | +$168 | |
| 13 | $11,139 | 6.990% | — | 13 | +$428 | |
| 14 | $11,382 | 7.124% | — | 15 | +$671 | |
| 15 | $11,615 | 6.624% | — | 15 | +$904 | |
| 16 | $13,020 | 6.933% | — | 12 | +$2,309 | |
| 17 | $13,117 | 6.750% | — | 33 | +$2,406 | |
| 18 | $24,165 | 6.625% | — | 44 | +$13,454 | |
| 19 | $26,946 | 6.625% | — | 56 | +$16,235 | |
| 20 | $28,980 | 6.990% | — | 101 | +$18,269 |
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.