Residential Acceptance Corporation closing costs and rates (2024)
In 2024, Residential Acceptance Corporation originated 546 purchase mortgages at a median interest rate of 7.12% and median total closing costs of $11,474. That ranks #605 nationally by origination volume. For total closing costs among lenders with 500+ originations, Residential Acceptance Corporation ranks #589. That is $4,733 above the national median of $6,741. Residential Acceptance Corporation is most active in Florida with 260 originations there.
Purchase Originations
546
Ranked #605 nationally
Median Total Costs
$11,474
+70.2% vs national ($6,741)
Median Rate
7.125%
+7.6% vs national (6.620%)
Median Origination
$7,907
Median Lender Credits
$1,933
Cost Rank (500+ vol.)
#589
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 480 | 7.000% | $11,807 | $8,224 |
| usda | 43 | 7.125% | $9,715 | $5,657 |
| va | 23 | 7.500% | $9,689 | $6,670 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 260 | 7.000% | $13,001 | #143 |
| Louisiana | 141 | 7.250% | $10,591 | #45 |
| Georgia | 44 | 7.625% | $10,777 | — |
| North Carolina | 22 | 7.500% | $6,861 | — |
| Alabama | 16 | 7.625% | $6,698 | — |
| Arkansas | 13 | 7.250% | $6,226 | — |
| Mississippi | 13 | 7.250% | $11,816 | — |
| Michigan | 10 | 7.125% | $7,850 | — |
| Texas | 10 | 7.125% | $9,077 | — |
| South Carolina | 5 | 7.250% | $5,287 | — |
| Pennsylvania | 4 | 6.562% | $4,199 | — |
| Tennessee | 3 | 7.500% | $15,626 | — |
| Illinois | 2 | 8.000% | $9,127 | — |
| Colorado | 1 | 6.875% | $12,449 | — |
| Maryland | 1 | 8.250% | $9,451 | — |
| Ohio | 1 | 8.250% | $5,086 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,177 | 7.875% | — | 10 | −$5,297 | |
| 2 | $6,226 | 7.250% | — | 7 | −$5,248 | |
| 3 | $7,850 | 7.125% | — | 10 | −$3,624 | |
| 4 | $7,932 | 7.312% | — | 10 | −$3,542 | |
| 5 | $8,487 | 8.000% | — | 5 | −$2,987 | |
| 6 | $9,502 | 7.250% | — | 63 | −$1,972 | |
| 7 | $10,882 | 6.938% | — | 6 | −$592 | |
| 8 | $11,008 | 7.188% | — | 30 | −$466 | |
| 9 | $11,791 | 7.125% | — | 13 | +$317 | |
| 10 | $11,807 | 7.250% | — | 28 | +$333 | |
| 11 | $11,841 | 7.000% | — | 32 | +$367 | |
| 12 | $11,883 | 7.250% | — | 6 | +$409 | |
| 13 | $12,497 | 7.250% | — | 5 | +$1,023 | |
| 14 | $12,795 | 7.188% | — | 6 | +$1,321 | |
| 15 | $13,340 | 7.438% | — | 8 | +$1,866 | |
| 16 | $13,666 | 7.000% | — | 128 | +$2,192 | |
| 17 | $13,791 | 7.000% | — | 24 | +$2,317 | |
| 18 | $13,856 | 7.000% | — | 6 | +$2,382 | |
| 19 | $13,948 | 7.125% | — | 5 | +$2,474 | |
| 20 | $16,583 | 6.812% | — | 8 | +$5,109 |
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.