RAPID MORTGAGE COMPANY closing costs and rates (2024)
In 2024, RAPID MORTGAGE COMPANY originated 774 purchase mortgages at a median interest rate of 6.99% and median total closing costs of $7,609. That ranks #462 nationally by origination volume. For total closing costs among lenders with 500+ originations, RAPID MORTGAGE COMPANY ranks #412. That is $868 above the national median of $6,741. RAPID MORTGAGE COMPANY is most active in Ohio with 585 originations there.
Purchase Originations
774
Ranked #462 nationally
Median Total Costs
$7,609
+12.9% vs national ($6,741)
Median Rate
6.990%
+5.6% vs national (6.620%)
Median Origination
$3,965
Median Lender Credits
$300
Cost Rank (500+ vol.)
#412
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 462 | 6.990% | $6,504 | $3,876 |
| fha | 233 | 7.000% | $10,977 | $4,246 |
| va | 64 | 6.750% | $8,969 | $3,243 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Ohio | 585 | 6.990% | $7,605 | #41 |
| North Carolina | 67 | 6.875% | $7,225 | #176 |
| South Carolina | 39 | 6.990% | $8,633 | — |
| Indiana | 24 | 7.250% | $6,367 | — |
| Pennsylvania | 22 | 7.125% | $10,411 | — |
| Kentucky | 21 | 6.990% | $6,551 | — |
| Georgia | 7 | 6.990% | $13,293 | — |
| Florida | 5 | 6.625% | $4,479 | — |
| Illinois | 3 | 6.250% | $13,420 | — |
| Delaware | 1 | 7.125% | $12,573 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,173 | 7.125% | — | 18 | −$2,436 | |
| 2 | $6,198 | 6.750% | — | 10 | −$1,411 | |
| 3 | $6,290 | 6.990% | — | 26 | −$1,319 | |
| 4 | $6,342 | 6.500% | — | 8 | −$1,267 | |
| 5 | $6,593 | 7.250% | — | 17 | −$1,016 | |
| 6 | $7,127 | 6.625% | — | 15 | −$482 | |
| 7 | $7,345 | 7.000% | — | 26 | −$264 | |
| 8 | $7,502 | 7.250% | — | 10 | −$107 | |
| 9 | $7,538 | 7.000% | — | 71 | −$71 | |
| 10 | $7,602 | 6.500% | — | 15 | −$7 | |
| 11 | $7,696 | 6.625% | — | 36 | +$87 | |
| 12 | $7,965 | 6.990% | — | 129 | +$356 | |
| 13 | $8,024 | 7.000% | — | 28 | +$415 | |
| 14 | $8,247 | 6.990% | — | 66 | +$638 | |
| 15 | $8,546 | 7.375% | — | 10 | +$937 | |
| 16 | $8,892 | 6.990% | — | 13 | +$1,283 | |
| 17 | $9,200 | 7.000% | — | 10 | +$1,591 | |
| 18 | $9,257 | 6.990% | — | 11 | +$1,648 | |
| 19 | $9,499 | 6.750% | — | 13 | +$1,890 | |
| 20 | $11,409 | 6.750% | — | 13 | +$3,800 |
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.