RESIDENTIAL HOME MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, RESIDENTIAL HOME MORTGAGE CORPORATION originated 116 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,976. That is $1,235 above the national median of $6,741. RESIDENTIAL HOME MORTGAGE CORPORATION is most active in New Jersey with 59 originations there.
Purchase Originations
116
Median Total Costs
$7,976
+18.3% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$4,056
Median Lender Credits
$595
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 92 | 6.625% | $6,858 | $3,942 |
| fha | 24 | 6.625% | $12,077 | $4,258 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Jersey | 59 | 6.625% | $8,140 | #138 |
| Pennsylvania | 43 | 6.625% | $7,311 | — |
| New York | 12 | 6.625% | $8,202 | — |
| Florida | 2 | 6.375% | $9,262 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,014 | 6.500% | — | 2 | −$2,962 | |
| 2 | $6,482 | 6.500% | — | 6 | −$1,494 | |
| 3 | $6,671 | 6.875% | — | 9 | −$1,305 | |
| 4 | $7,433 | 6.433% | — | 2 | −$543 | |
| 5 | $7,464 | 6.870% | — | 8 | −$512 | |
| 6 | $7,497 | 6.625% | — | 13 | −$479 | |
| 7 | $7,572 | 6.625% | — | 2 | −$404 | |
| 8 | $7,576 | 6.625% | — | 3 | −$400 | |
| 9 | $7,698 | 6.620% | — | 2 | −$278 | |
| 10 | $7,895 | 6.625% | — | 7 | −$81 | |
| 11 | $8,804 | 6.562% | — | 6 | +$828 | |
| 12 | $8,849 | 7.000% | — | 4 | +$873 | |
| 13 | $8,887 | 6.562% | — | 4 | +$911 | |
| 14 | $9,008 | 6.562% | — | 6 | +$1,032 | |
| 15 | $9,054 | 6.625% | — | 8 | +$1,078 | |
| 16 | $9,348 | 6.808% | — | 2 | +$1,372 | |
| 17 | $9,627 | 6.688% | — | 2 | +$1,651 | |
| 18 | $10,850 | 6.375% | — | 3 | +$2,874 | |
| 19 | $11,627 | 6.625% | — | 3 | +$3,651 | |
| 20 | $12,937 | 6.812% | — | 2 | +$4,961 |
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.