REDWOOD closing costs and rates (2024)
In 2024, REDWOOD originated 412 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $7,703. That is $962 above the national median of $6,741. REDWOOD is most active in California with 412 originations there.
Purchase Originations
412
Median Total Costs
$7,703
+14.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,195
Median Lender Credits
$850
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 412 | 6.500% | $7,703 | $1,195 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 412 | 6.500% | $7,703 | #90 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,104 | 6.812% | — | 2 | −$5,599 | |
| 2 | $3,592 | 6.875% | — | 4 | −$4,111 | |
| 3 | $4,372 | 6.875% | — | 1 | −$3,331 | |
| 4 | $4,591 | 6.625% | — | 2 | −$3,112 | |
| 5 | $4,612 | 6.500% | — | 1 | −$3,091 | |
| 6 | $4,856 | 6.125% | — | 1 | −$2,847 | |
| 7 | $4,889 | 6.875% | — | 17 | −$2,814 | |
| 8 | $4,968 | 7.000% | — | 2 | −$2,735 | |
| 9 | $5,020 | 7.375% | — | 1 | −$2,683 | |
| 10 | $5,271 | 7.125% | — | 1 | −$2,432 | |
| 11 | $5,398 | 6.562% | — | 12 | −$2,305 | |
| 12 | $6,147 | 6.812% | — | 4 | −$1,556 | |
| 13 | $6,558 | 6.250% | — | 3 | −$1,145 | |
| 14 | $7,430 | 6.562% | — | 132 | −$273 | |
| 15 | $8,517 | 6.500% | — | 5 | +$814 | |
| 16 | $8,577 | 6.438% | — | 10 | +$874 | |
| 17 | $8,671 | 6.750% | — | 1 | +$968 | |
| 18 | $8,752 | 6.500% | — | 168 | +$1,049 | |
| 19 | $8,965 | 6.625% | — | 32 | +$1,262 | |
| 20 | $8,997 | 6.500% | — | 11 | +$1,294 |
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.