PREMIUM MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, PREMIUM MORTGAGE CORPORATION originated 4,400 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,040. That ranks #106 nationally by origination volume. For total closing costs among lenders with 500+ originations, PREMIUM MORTGAGE CORPORATION ranks #120. That is $2,701 below the national median of $6,741. PREMIUM MORTGAGE CORPORATION is most active in New York with 4,311 originations there.
Purchase Originations
4,400
Ranked #106 nationally
Median Total Costs
$4,040
−40.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,400
Median Lender Credits
$120
Cost Rank (500+ vol.)
#120
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,589 | 6.750% | $3,961 | $1,400 |
| fha | 578 | 6.500% | $6,554 | $1,285 |
| va | 197 | 6.500% | $4,342 | $225 |
| usda | 36 | 6.500% | $2,448 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 4,311 | 6.625% | $4,022 | #3 |
| Florida | 66 | 6.750% | $8,265 | #287 |
| Ohio | 7 | 6.500% | $4,937 | — |
| South Carolina | 5 | 6.990% | $4,836 | — |
| Connecticut | 3 | 6.875% | $5,850 | — |
| Pennsylvania | 3 | 6.750% | $10,229 | — |
| Tennessee | 2 | 7.562% | $4,813 | — |
| Vermont | 2 | 6.938% | $7,733 | — |
| Alabama | 1 | 6.750% | $8,767 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,256 | 6.624% | — | 37 | −$784 | |
| 2 | $3,534 | 6.500% | — | 16 | −$506 | |
| 3 | $3,572 | 6.625% | — | 66 | −$468 | |
| 4 | $3,624 | 6.625% | — | 18 | −$416 | |
| 5 | $3,695 | 6.625% | — | 117 | −$345 | |
| 6 | $3,697 | 6.625% | — | 67 | −$343 | |
| 7 | $3,717 | 6.750% | — | 176 | −$323 | |
| 8 | $3,794 | 6.750% | — | 129 | −$246 | |
| 9 | $3,867 | 6.625% | — | 18 | −$173 | |
| 10 | $3,898 | 6.375% | — | 39 | −$142 | |
| 11 | $3,916 | 6.750% | — | 188 | −$124 | |
| 12 | $3,967 | 6.750% | — | 1,652 | −$73 | |
| 13 | $4,020 | 6.625% | — | 270 | −$20 | |
| 14 | $4,126 | 6.625% | — | 1,009 | +$86 | |
| 15 | $4,371 | 6.490% | — | 57 | +$331 | |
| 16 | $4,882 | 6.500% | — | 67 | +$842 | |
| 17 | $4,992 | 6.625% | — | 42 | +$952 | |
| 18 | $4,999 | 6.625% | — | 40 | +$959 | |
| 19 | $5,635 | 6.490% | — | 51 | +$1,595 | |
| 20 | $5,747 | 6.490% | — | 58 | +$1,707 |
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.