ROCKET MORTGAGE, LLC closing costs and rates (2024)
In 2024, ROCKET MORTGAGE, LLC originated 126,144 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $7,074. That ranks #2 nationally by origination volume. For total closing costs among lenders with 500+ originations, ROCKET MORTGAGE, LLC ranks #373. That is $333 above the national median of $6,741. ROCKET MORTGAGE, LLC is most active in California with 15,812 originations there.
Purchase Originations
126,144
Ranked #2 nationally
Median Total Costs
$7,074
+4.9% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$3,455
Median Lender Credits
$878
Cost Rank (500+ vol.)
#373
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 93,253 | 6.625% | $6,156 | $3,455 |
| fha | 24,926 | 6.375% | $11,247 | $3,504 |
| va | 7,965 | 6.125% | $8,797 | $3,299 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 15,812 | 6.625% | $8,549 | #2 |
| Texas | 11,140 | 6.500% | $8,279 | #4 |
| Florida | 10,370 | 6.500% | $8,798 | #3 |
| Michigan | 7,745 | 6.625% | $4,832 | #2 |
| Georgia | 6,161 | 6.500% | $7,818 | #2 |
| Pennsylvania | 5,590 | 6.625% | $6,683 | #2 |
| North Carolina | 5,095 | 6.500% | $6,550 | #3 |
| Ohio | 4,822 | 6.625% | $6,200 | #3 |
| Virginia | 3,855 | 6.500% | $6,414 | #1 |
| Arizona | 3,844 | 6.500% | $7,976 | #2 |
| Illinois | 3,560 | 6.625% | $6,606 | #5 |
| New York | 3,197 | 6.625% | $7,620 | #6 |
| Colorado | 2,808 | 6.500% | $5,851 | #2 |
| Indiana | 2,788 | 6.625% | $5,316 | #2 |
| Maryland | 2,756 | 6.500% | $7,327 | #1 |
| Washington | 2,667 | 6.500% | $6,916 | #6 |
| New Jersey | 2,601 | 6.500% | $7,494 | #3 |
| Tennessee | 2,558 | 6.500% | $7,295 | #4 |
| South Carolina | 2,518 | 6.500% | $6,695 | #4 |
| Missouri | 2,016 | 6.625% | $5,368 | #6 |
| Minnesota | 1,780 | 6.625% | $6,112 | #5 |
| Alabama | 1,571 | 6.625% | $6,397 | #5 |
| Kentucky | 1,546 | 6.625% | $5,952 | #3 |
| Utah | 1,517 | 6.500% | $7,836 | #5 |
| Massachusetts | 1,415 | 6.500% | $7,008 | #7 |
| Oklahoma | 1,348 | 6.625% | $6,720 | #5 |
| Wisconsin | 1,305 | 6.625% | $6,017 | #7 |
| Oregon | 1,247 | 6.500% | $8,068 | #4 |
| Nevada | 1,177 | 6.500% | $8,183 | #5 |
| Kansas | 1,130 | 6.500% | $5,379 | #3 |
| Arkansas | 1,056 | 6.500% | $5,781 | #2 |
| Louisiana | 969 | 6.500% | $7,217 | #6 |
| Connecticut | 953 | 6.625% | $7,150 | #4 |
| Idaho | 841 | 6.500% | $8,438 | #4 |
| Mississippi | 798 | 6.500% | $6,979 | #4 |
| West Virginia | 719 | 6.625% | $6,328 | #1 |
| New Mexico | 673 | 6.500% | $7,293 | #5 |
| Iowa | 645 | 6.625% | $5,474 | #9 |
| Nebraska | 545 | 6.625% | $5,512 | #7 |
| Hawaii | 430 | 6.375% | $9,480 | #3 |
| New Hampshire | 353 | 6.625% | $6,662 | #7 |
| Maine | 339 | 6.750% | $6,832 | #7 |
| Delaware | 325 | 6.500% | $7,174 | #7 |
| Montana | 256 | 6.500% | $6,769 | #10 |
| Wyoming | 255 | 6.500% | $7,360 | #5 |
| North Dakota | 212 | 6.500% | $7,335 | #7 |
| Alaska | 201 | 6.500% | $8,236 | #7 |
| Vermont | 199 | 6.625% | $7,629 | #6 |
| Rhode Island | 156 | 6.500% | $7,455 | #13 |
| South Dakota | 141 | 6.500% | $6,802 | #15 |
| District of Columbia | 139 | 6.500% | $7,068 | #6 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,031 | 6.625% | — | 1,571 | −$3,043 | |
| 2 | $4,695 | 6.688% | — | 1,992 | −$2,379 | |
| 3 | $4,773 | 6.625% | — | 963 | −$2,301 | |
| 4 | $5,714 | 6.500% | — | 887 | −$1,360 | |
| 5 | $6,977 | 6.500% | — | 953 | −$97 | |
| 6 | $7,181 | 6.625% | — | 815 | +$107 | |
| 7 | $7,302 | 6.625% | — | 1,303 | +$228 | |
| 8 | $7,532 | 6.625% | — | 714 | +$458 | |
| 9 | $7,939 | 6.500% | — | 2,461 | +$865 | |
| 10 | $8,015 | 6.500% | — | 843 | +$941 | |
| 11 | $8,317 | 6.500% | — | 858 | +$1,243 | |
| 12 | $8,511 | 6.500% | — | 767 | +$1,437 | |
| 13 | $8,557 | 6.625% | — | 1,334 | +$1,483 | |
| 14 | $8,601 | 6.500% | — | 1,834 | +$1,527 | |
| 15 | $8,693 | 6.625% | — | 1,401 | +$1,619 | |
| 16 | $9,771 | 6.500% | — | 1,337 | +$2,697 | |
| 17 | $9,862 | 6.625% | — | 917 | +$2,788 | |
| 18 | $10,480 | 6.625% | — | 3,291 | +$3,406 | |
| 19 | $10,632 | 6.500% | — | 861 | +$3,558 | |
| 20 | $11,565 | 6.625% | — | 804 | +$4,491 |
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.