Park State Bank closing costs and rates (2024)
In 2024, Park State Bank originated 121 purchase mortgages at a median interest rate of 6.49% and median total closing costs of $5,508. That is $1,233 below the national median of $6,741. Park State Bank is most active in Minnesota with 112 originations there.
Purchase Originations
121
Median Total Costs
$5,508
−18.3% vs national ($6,741)
Median Rate
6.490%
−2.0% vs national (6.620%)
Median Origination
$2,435
Median Lender Credits
$272
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 96 | 6.500% | $5,031 | $2,598 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,658 | 6.125% | — | 1 | −$1,850 | |
| 2 | $4,184 | 6.375% | — | 3 | −$1,324 | |
| 3 | $4,337 | 6.250% | — | 9 | −$1,171 | |
| 4 | $4,726 | 6.875% | — | 1 | −$782 | |
| 5 | $4,833 | 7.558% | — | 2 | −$675 | |
| 6 | $5,071 | 6.812% | — | 14 | −$437 | |
| 7 | $5,080 | 6.490% | — | 43 | −$428 | |
| 8 | $5,117 | 5.750% | — | 1 | −$391 | |
| 9 | $5,167 | 6.745% | — | 8 | −$341 | |
| 10 | $5,320 | 6.683% | — | 6 | −$188 | |
| 11 | $5,349 | 6.947% | — | 2 | −$159 | |
| 12 | $5,383 | 6.250% | — | 1 | −$125 | |
| 13 | $6,273 | 6.250% | — | 3 | +$765 | |
| 14 | $6,835 | 5.500% | — | 5 | +$1,327 | |
| 15 | $6,995 | 6.875% | — | 1 | +$1,487 | |
| 16 | $7,712 | 6.375% | — | 1 | +$2,204 | |
| 17 | $7,848 | 6.562% | — | 2 | +$2,340 | |
| 18 | $7,950 | 6.500% | — | 1 | +$2,442 | |
| 19 | $8,192 | 6.125% | — | 3 | +$2,684 | |
| 20 | $9,258 | 6.490% | — | 9 | +$3,750 |
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.