PREFERRED MORTGAGE LLC closing costs and rates (2024)
In 2024, PREFERRED MORTGAGE LLC originated 420 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $8,270. That is $1,529 above the national median of $6,741. PREFERRED MORTGAGE LLC is most active in Puerto Rico with 420 originations there.
Purchase Originations
420
Median Total Costs
$8,270
+22.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$3,666
Median Lender Credits
$780
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 290 | 6.500% | $8,446 | $3,653 |
| usda | 56 | 6.250% | $7,794 | $4,094 |
| va | 50 | 6.750% | $6,168 | $2,362 |
| conventional | 24 | 7.875% | $6,389 | $4,081 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Puerto Rico | 420 | 6.500% | $8,270 | #6 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,453 | 6.750% | — | 9 | −$1,817 | |
| 2 | $6,643 | 6.750% | — | 9 | −$1,627 | |
| 3 | $6,809 | 6.500% | — | 9 | −$1,461 | |
| 4 | $6,913 | 6.750% | — | 22 | −$1,357 | |
| 5 | $7,019 | 7.250% | — | 11 | −$1,251 | |
| 6 | $7,306 | 6.750% | — | 6 | −$964 | |
| 7 | $7,490 | 6.250% | — | 6 | −$780 | |
| 8 | $7,682 | 6.750% | — | 31 | −$588 | |
| 9 | $7,842 | 6.500% | — | 25 | −$428 | |
| 10 | $7,892 | 6.250% | — | 6 | −$378 | |
| 11 | $7,907 | 6.250% | — | 12 | −$363 | |
| 12 | $8,384 | 6.250% | — | 14 | +$114 | |
| 13 | $8,522 | 6.250% | — | 7 | +$252 | |
| 14 | $8,668 | 6.750% | — | 13 | +$398 | |
| 15 | $8,899 | 6.500% | — | 29 | +$629 | |
| 16 | $8,907 | 6.500% | — | 24 | +$637 | |
| 17 | $8,944 | 6.750% | — | 10 | +$674 | |
| 18 | $9,270 | 6.500% | — | 14 | +$1,000 | |
| 19 | $9,294 | 6.500% | — | 55 | +$1,024 | |
| 20 | $9,359 | 6.750% | — | 11 | +$1,089 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.