Presidential Bank, FSB closing costs and rates (2024)
In 2024, Presidential Bank, FSB originated 2,073 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $8,892. That ranks #215 nationally by origination volume. For total closing costs among lenders with 500+ originations, Presidential Bank, FSB ranks #498. That is $2,151 above the national median of $6,741. Presidential Bank, FSB is most active in Virginia with 636 originations there.
Purchase Originations
2,073
Ranked #215 nationally
Median Total Costs
$8,892
+31.9% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,444
Median Lender Credits
$525
Cost Rank (500+ vol.)
#498
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,043 | 6.875% | $7,006 | $3,821 |
| fha | 536 | 6.500% | $12,546 | $4,341 |
| va | 459 | 6.500% | $8,492 | $1,445 |
| usda | 35 | 6.250% | $7,519 | $2,167 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 636 | 6.625% | $8,422 | #35 |
| Georgia | 540 | 6.625% | $10,836 | #48 |
| Maryland | 334 | 6.625% | $8,495 | #48 |
| North Carolina | 146 | 6.688% | $8,774 | #124 |
| Florida | 95 | 6.750% | $6,804 | #255 |
| South Carolina | 63 | 6.625% | $8,393 | #145 |
| Pennsylvania | 48 | 6.625% | $7,029 | — |
| Alabama | 34 | 6.875% | $5,811 | — |
| New Jersey | 21 | 6.625% | $6,724 | — |
| District of Columbia | 16 | 6.625% | $7,462 | — |
| Texas | 16 | 6.750% | $9,265 | — |
| West Virginia | 14 | 6.812% | $8,143 | — |
| Massachusetts | 13 | 6.625% | $17,115 | — |
| Missouri | 13 | 6.875% | $4,437 | — |
| North Dakota | 8 | 6.750% | $5,459 | — |
| Tennessee | 8 | 6.250% | $9,281 | — |
| New York | 6 | 6.875% | $6,312 | — |
| Arizona | 5 | 7.000% | $11,274 | — |
| Kansas | 5 | 6.250% | $3,257 | — |
| Kentucky | 5 | 6.490% | $6,117 | — |
| Ohio | 5 | 6.750% | $7,519 | — |
| Louisiana | 4 | 6.875% | $8,228 | — |
| California | 3 | 6.250% | $12,160 | — |
| Connecticut | 3 | 6.750% | $10,413 | — |
| Delaware | 3 | 6.625% | $4,640 | — |
| Illinois | 3 | 6.500% | $8,067 | — |
| Maine | 3 | 6.625% | $3,712 | — |
| Michigan | 3 | 6.250% | $9,122 | — |
| New Hampshire | 3 | 6.375% | $4,281 | — |
| Oregon | 3 | 6.750% | $7,659 | — |
| Washington | 3 | 6.750% | $4,754 | — |
| Arkansas | 2 | 6.750% | $6,977 | — |
| Indiana | 2 | 6.938% | $6,698 | — |
| Mississippi | 2 | 6.938% | $11,812 | — |
| Utah | 2 | 6.620% | $3,515 | — |
| Hawaii | 1 | 5.625% | $15,715 | — |
| Minnesota | 1 | 6.750% | $8,181 | — |
| Wisconsin | 1 | 7.250% | $13,234 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,638 | 6.625% | — | 54 | −$2,254 | |
| 2 | $7,218 | 6.750% | — | 51 | −$1,674 | |
| 3 | $7,795 | 6.875% | — | 60 | −$1,097 | |
| 4 | $8,166 | 6.750% | — | 92 | −$726 | |
| 5 | $8,255 | 6.625% | — | 42 | −$637 | |
| 6 | $8,891 | 6.562% | — | 42 | −$1 | |
| 7 | $8,895 | 6.750% | — | 30 | +$3 | |
| 8 | $9,015 | 6.750% | — | 35 | +$123 | |
| 9 | $9,114 | 6.750% | — | 27 | +$222 | |
| 10 | $9,798 | 6.625% | — | 50 | +$906 | |
| 11 | $9,946 | 6.500% | — | 33 | +$1,054 | |
| 12 | $9,968 | 6.250% | — | 47 | +$1,076 | |
| 13 | $10,150 | 6.625% | — | 44 | +$1,258 | |
| 14 | $11,388 | 6.500% | — | 58 | +$2,496 | |
| 15 | $11,677 | 6.625% | — | 35 | +$2,785 | |
| 16 | $12,588 | 6.625% | — | 24 | +$3,696 | |
| 17 | $12,614 | 6.625% | — | 26 | +$3,722 | |
| 18 | $12,998 | 6.625% | — | 53 | +$4,106 | |
| 19 | $14,656 | 5.875% | — | 34 | +$5,764 | |
| 20 | $15,382 | 6.625% | — | 33 | +$6,490 |
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.