PENNYMAC LOAN SERVICES, LLC closing costs and rates (2024)
In 2024, PENNYMAC LOAN SERVICES, LLC originated 24,213 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $8,527. That ranks #17 nationally by origination volume. For total closing costs among lenders with 500+ originations, PENNYMAC LOAN SERVICES, LLC ranks #475. That is $1,786 above the national median of $6,741. PENNYMAC LOAN SERVICES, LLC is most active in California with 2,664 originations there.
Purchase Originations
24,213
Ranked #17 nationally
Median Total Costs
$8,527
+26.5% vs national ($6,741)
Median Rate
6.499%
−1.8% vs national (6.620%)
Median Origination
$2,899
Median Lender Credits
$1,044
Cost Rank (500+ vol.)
#475
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 14,598 | 6.624% | $7,362 | $3,535 |
| fha | 5,795 | 6.250% | $12,329 | $2,204 |
| va | 3,820 | 5.750% | $7,526 | $1,544 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 2,664 | 6.499% | $11,821 | #15 |
| Florida | 2,655 | 6.624% | $10,262 | #15 |
| Texas | 1,930 | 6.499% | $8,998 | #32 |
| Pennsylvania | 1,696 | 6.624% | $8,203 | #10 |
| Georgia | 1,219 | 6.499% | $7,879 | #19 |
| New York | 1,058 | 6.624% | $12,352 | #24 |
| Washington | 903 | 6.375% | $8,868 | #20 |
| North Carolina | 887 | 6.499% | $7,566 | #30 |
| New Jersey | 792 | 6.624% | $11,373 | #21 |
| Minnesota | 719 | 6.624% | $6,542 | #19 |
| Virginia | 658 | 6.250% | $7,246 | #33 |
| Arizona | 613 | 6.250% | $8,409 | #31 |
| Nevada | 610 | 6.500% | $9,017 | #12 |
| Colorado | 603 | 6.124% | $7,650 | #23 |
| Tennessee | 594 | 6.499% | $7,778 | #29 |
| Illinois | 493 | 6.750% | $8,466 | #48 |
| Alabama | 488 | 6.499% | $6,235 | #26 |
| Maryland | 470 | 6.250% | $8,596 | #33 |
| Ohio | 466 | 6.500% | $7,310 | #52 |
| Missouri | 411 | 6.624% | $4,743 | #29 |
| Oregon | 406 | 6.499% | $8,446 | #24 |
| South Carolina | 316 | 6.499% | $6,873 | #49 |
| Oklahoma | 304 | 6.499% | $7,587 | #24 |
| Utah | 292 | 6.250% | $9,531 | #24 |
| Massachusetts | 242 | 6.624% | $7,929 | #47 |
| Michigan | 234 | 6.624% | $5,871 | #72 |
| Kansas | 220 | 6.499% | $6,277 | #30 |
| Idaho | 205 | 6.499% | $9,008 | #25 |
| Kentucky | 199 | 6.499% | $7,260 | #52 |
| Wisconsin | 196 | 6.625% | $5,454 | #60 |
| Indiana | 191 | 6.499% | $5,810 | #84 |
| Connecticut | 188 | 6.624% | $8,100 | #32 |
| Louisiana | 156 | 6.250% | $7,363 | #39 |
| Arkansas | 143 | 6.250% | $5,798 | #48 |
| Nebraska | 131 | 6.624% | $3,746 | #33 |
| Hawaii | 122 | 6.124% | $8,411 | #15 |
| Iowa | 108 | 6.625% | $5,942 | #55 |
| New Mexico | 91 | 6.250% | $6,561 | #40 |
| Mississippi | 81 | 6.250% | $7,109 | #53 |
| Montana | 67 | 6.291% | $7,092 | #25 |
| Delaware | 65 | 6.499% | $9,420 | #41 |
| New Hampshire | 54 | 6.499% | $6,709 | #42 |
| District of Columbia | 44 | 6.125% | $6,631 | — |
| Rhode Island | 43 | 6.624% | $8,178 | — |
| Alaska | 37 | 5.750% | $7,845 | — |
| South Dakota | 37 | 6.125% | $6,593 | — |
| West Virginia | 35 | 6.499% | $5,974 | — |
| Maine | 29 | 6.499% | $5,012 | — |
| Vermont | 19 | 6.375% | $7,651 | — |
| Wyoming | 15 | 6.375% | $4,919 | — |
| North Dakota | 14 | 6.499% | $7,194 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,244 | 6.624% | — | 156 | −$3,283 | |
| 2 | $6,188 | 6.624% | — | 232 | −$2,339 | |
| 3 | $7,635 | 6.499% | — | 164 | −$892 | |
| 4 | $8,666 | 6.375% | — | 438 | +$139 | |
| 5 | $9,007 | 6.499% | — | 303 | +$480 | |
| 6 | $9,238 | 6.750% | — | 235 | +$711 | |
| 7 | $9,375 | 6.499% | — | 284 | +$848 | |
| 8 | $9,432 | 6.624% | — | 440 | +$905 | |
| 9 | $9,458 | 6.375% | — | 161 | +$931 | |
| 10 | $9,836 | 6.625% | — | 156 | +$1,309 | |
| 11 | $10,973 | 6.500% | — | 179 | +$2,446 | |
| 12 | $11,101 | 6.624% | — | 189 | +$2,574 | |
| 13 | $12,377 | 6.250% | — | 251 | +$3,850 | |
| 14 | $12,468 | 6.312% | — | 426 | +$3,941 | |
| 15 | $12,607 | 6.624% | — | 191 | +$4,080 | |
| 16 | $13,115 | 6.312% | — | 168 | +$4,588 | |
| 17 | $13,194 | 6.624% | — | 227 | +$4,667 | |
| 18 | $14,215 | 6.499% | — | 390 | +$5,688 | |
| 19 | $15,382 | 6.624% | — | 276 | +$6,855 | |
| 20 | $17,408 | 6.499% | — | 219 | +$8,881 |
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.