Regions Bank closing costs and rates (2024)
In 2024, Regions Bank originated 7,349 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,737. That ranks #60 nationally by origination volume. For total closing costs among lenders with 500+ originations, Regions Bank ranks #265. That is $1,004 below the national median of $6,741. Regions Bank is most active in Florida with 1,603 originations there.
Purchase Originations
7,349
Ranked #60 nationally
Median Total Costs
$5,737
−14.9% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,874
Median Lender Credits
$175
Cost Rank (500+ vol.)
#265
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 5,825 | 6.625% | $5,007 | $1,830 |
| fha | 1,063 | 6.250% | $8,834 | $2,012 |
| va | 332 | 6.125% | $8,906 | $2,303 |
| usda | 129 | 6.250% | $5,700 | $1,913 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 1,603 | 6.500% | $8,291 | #28 |
| Alabama | 1,188 | 6.500% | $4,650 | #9 |
| Tennessee | 817 | 6.625% | $4,983 | #17 |
| Georgia | 796 | 6.500% | $6,514 | #33 |
| Mississippi | 435 | 6.500% | $5,354 | #12 |
| Arkansas | 402 | 6.625% | $4,252 | #16 |
| Texas | 344 | 6.625% | $8,083 | #151 |
| Louisiana | 297 | 6.625% | $5,668 | #26 |
| Indiana | 293 | 6.625% | $3,507 | #59 |
| Missouri | 286 | 6.750% | $3,789 | #43 |
| South Carolina | 259 | 6.375% | $6,215 | #60 |
| North Carolina | 254 | 6.625% | $5,368 | #91 |
| Illinois | 212 | 6.750% | $3,424 | #93 |
| Kentucky | 81 | 6.875% | $3,518 | #94 |
| Kansas | 19 | 6.875% | $2,999 | — |
| Virginia | 16 | 6.312% | $9,632 | — |
| Iowa | 11 | 7.000% | $3,033 | — |
| Ohio | 9 | 6.750% | $4,895 | — |
| Colorado | 6 | 6.438% | $5,683 | — |
| Michigan | 6 | 6.562% | $3,492 | — |
| Minnesota | 3 | 2.990% | $1,838 | — |
| Oklahoma | 3 | 6.625% | $6,517 | — |
| Wisconsin | 3 | 6.875% | $2,924 | — |
| California | 1 | 3.750% | $2,535 | — |
| District of Columbia | 1 | 6.250% | $10,028 | — |
| Delaware | 1 | 3.750% | $3,370 | — |
| Nebraska | 1 | 4.875% | $1,795 | — |
| New Mexico | 1 | 3.375% | $2,174 | — |
| Utah | 1 | 6.500% | $7,059 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,894 | 6.625% | — | 329 | −$1,843 | |
| 2 | $4,100 | 6.625% | — | 102 | −$1,637 | |
| 3 | $4,370 | 6.500% | — | 117 | −$1,367 | |
| 4 | $4,474 | 6.625% | — | 79 | −$1,263 | |
| 5 | $4,661 | 6.375% | — | 72 | −$1,076 | |
| 6 | $5,035 | 6.750% | — | 112 | −$702 | |
| 7 | $5,091 | 6.625% | — | 84 | −$646 | |
| 8 | $5,501 | 6.500% | — | 77 | −$236 | |
| 9 | $5,881 | 6.250% | — | 90 | +$144 | |
| 10 | $6,086 | 6.625% | — | 80 | +$349 | |
| 11 | $6,230 | 6.250% | — | 92 | +$493 | |
| 12 | $6,740 | 6.375% | — | 120 | +$1,003 | |
| 13 | $7,145 | 6.250% | — | 90 | +$1,408 | |
| 14 | $7,239 | 6.625% | — | 107 | +$1,502 | |
| 15 | $7,603 | 6.625% | — | 64 | +$1,866 | |
| 16 | $9,001 | 6.375% | — | 80 | +$3,264 | |
| 17 | $9,146 | 6.500% | — | 111 | +$3,409 | |
| 18 | $9,845 | 6.375% | — | 252 | +$4,108 | |
| 19 | $10,561 | 6.500% | — | 182 | +$4,824 | |
| 20 | $11,851 | 6.125% | — | 82 | +$6,114 |
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.