PRESTON HOME LOANS INC closing costs and rates (2024)
In 2024, PRESTON HOME LOANS INC originated 984 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $6,251. That ranks #378 nationally by origination volume. For total closing costs among lenders with 500+ originations, PRESTON HOME LOANS INC ranks #302. That is $490 below the national median of $6,741. PRESTON HOME LOANS INC is most active in Michigan with 936 originations there.
Purchase Originations
984
Ranked #378 nationally
Median Total Costs
$6,251
−7.3% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$2,568
Median Lender Credits
$131
Cost Rank (500+ vol.)
#302
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 509 | 6.990% | $4,634 | $2,563 |
| fha | 408 | 6.625% | $7,512 | $2,481 |
| va | 39 | 6.990% | $7,652 | $4,838 |
| usda | 28 | 6.933% | $6,731 | $2,874 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 936 | 6.875% | $6,157 | #17 |
| Texas | 29 | 6.750% | $7,895 | — |
| Florida | 16 | 6.808% | $10,511 | — |
| Indiana | 2 | 7.375% | $2,954 | — |
| South Carolina | 1 | 7.125% | $10,761 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,939 | 6.990% | — | 41 | −$1,312 | |
| 2 | $4,961 | 6.875% | — | 9 | −$1,290 | |
| 3 | $5,056 | 6.870% | — | 8 | −$1,195 | |
| 4 | $5,070 | 6.750% | — | 8 | −$1,181 | |
| 5 | $5,764 | 7.125% | — | 23 | −$487 | |
| 6 | $5,836 | 6.625% | — | 18 | −$415 | |
| 7 | $5,854 | 6.750% | — | 59 | −$397 | |
| 8 | $5,886 | 6.990% | — | 27 | −$365 | |
| 9 | $6,017 | 6.875% | — | 7 | −$234 | |
| 10 | $6,027 | 6.750% | — | 380 | −$224 | |
| 11 | $6,230 | 7.058% | — | 8 | −$21 | |
| 12 | $6,238 | 6.990% | — | 86 | −$13 | |
| 13 | $6,533 | 6.933% | — | 48 | +$282 | |
| 14 | $6,542 | 6.812% | — | 22 | +$291 | |
| 15 | $6,652 | 6.990% | — | 15 | +$401 | |
| 16 | $6,708 | 7.125% | — | 15 | +$457 | |
| 17 | $6,708 | 6.625% | — | 8 | +$457 | |
| 18 | $6,833 | 6.990% | — | 27 | +$582 | |
| 19 | $6,989 | 6.938% | — | 8 | +$738 | |
| 20 | $8,213 | 6.750% | — | 49 | +$1,962 |
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.