POINT MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, POINT MORTGAGE CORPORATION originated 925 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,659. That ranks #397 nationally by origination volume. For total closing costs among lenders with 500+ originations, POINT MORTGAGE CORPORATION ranks #417. That is $918 above the national median of $6,741. POINT MORTGAGE CORPORATION is most active in Illinois with 347 originations there.
Purchase Originations
925
Ranked #397 nationally
Median Total Costs
$7,659
+13.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,895
Median Lender Credits
$459
Cost Rank (500+ vol.)
#417
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 610 | 6.750% | $6,417 | $1,895 |
| fha | 234 | 6.625% | $14,383 | $2,618 |
| va | 78 | 6.250% | $8,353 | $1,750 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 347 | 6.625% | $6,032 | #62 |
| California | 263 | 6.490% | $9,314 | #129 |
| Florida | 221 | 6.875% | $14,226 | #157 |
| Wisconsin | 43 | 6.500% | $4,045 | — |
| Indiana | 32 | 6.687% | $3,722 | — |
| Arizona | 4 | 6.375% | $6,450 | — |
| North Carolina | 3 | 6.624% | $3,545 | — |
| Michigan | 2 | 6.750% | $8,321 | — |
| Alabama | 1 | 6.490% | $4,358 | — |
| Colorado | 1 | 7.375% | $7,784 | — |
| Kentucky | 1 | 6.125% | $7,355 | — |
| Minnesota | 1 | 7.000% | $3,669 | — |
| Montana | 1 | 6.125% | $8,001 | — |
| New Mexico | 1 | 6.375% | $8,823 | — |
| Tennessee | 1 | 4.875% | $19,321 | — |
| Texas | 1 | 7.124% | $10,916 | — |
| Virginia | 1 | 6.250% | $5,805 | — |
| Washington | 1 | 6.250% | $15,270 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,220 | 6.688% | — | 10 | −$4,439 | |
| 2 | $3,227 | 6.500% | — | 26 | −$4,432 | |
| 3 | $3,990 | 6.624% | — | 11 | −$3,669 | |
| 4 | $4,017 | 6.250% | — | 46 | −$3,642 | |
| 5 | $4,231 | 6.490% | — | 13 | −$3,428 | |
| 6 | $6,192 | 6.933% | — | 18 | −$1,467 | |
| 7 | $6,193 | 6.875% | — | 40 | −$1,466 | |
| 8 | $6,305 | 6.750% | — | 15 | −$1,354 | |
| 9 | $6,365 | 6.500% | — | 9 | −$1,294 | |
| 10 | $6,383 | 6.812% | — | 86 | −$1,276 | |
| 11 | $6,384 | 6.750% | — | 39 | −$1,275 | |
| 12 | $8,117 | 6.688% | — | 14 | +$458 | |
| 13 | $8,470 | 6.375% | — | 167 | +$811 | |
| 14 | $9,802 | 6.375% | — | 55 | +$2,143 | |
| 15 | $10,983 | 6.500% | — | 26 | +$3,324 | |
| 16 | $12,985 | 6.990% | — | 21 | +$5,326 | |
| 17 | $13,524 | 6.750% | — | 11 | +$5,865 | |
| 18 | $14,848 | 6.875% | — | 91 | +$7,189 | |
| 19 | $15,214 | 6.875% | — | 49 | +$7,555 | |
| 20 | $15,762 | 6.875% | — | 9 | +$8,103 |
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.