SALEM FIVE MORTGAGE COMPANY, LLC closing costs and rates (2024)
In 2024, SALEM FIVE MORTGAGE COMPANY, LLC originated 988 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,850. That ranks #377 nationally by origination volume. For total closing costs among lenders with 500+ originations, SALEM FIVE MORTGAGE COMPANY, LLC ranks #186. That is $1,891 below the national median of $6,741. SALEM FIVE MORTGAGE COMPANY, LLC is most active in Massachusetts with 905 originations there.
Purchase Originations
988
Ranked #377 nationally
Median Total Costs
$4,850
−28.1% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,164
Median Lender Credits
$859
Cost Rank (500+ vol.)
#186
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 887 | 6.625% | $4,638 | $1,164 |
| fha | 86 | 6.250% | $15,093 | $1,164 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Massachusetts | 905 | 6.500% | $4,906 | #11 |
| New Hampshire | 67 | 6.625% | $3,836 | #36 |
| Rhode Island | 8 | 6.625% | $4,085 | — |
| Maine | 6 | 6.375% | $4,678 | — |
| Florida | 2 | 7.000% | $7,383 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,562 | 6.500% | — | 19 | −$1,288 | |
| 2 | $3,716 | 6.625% | — | 3 | −$1,134 | |
| 3 | $3,867 | 6.933% | — | 2 | −$983 | |
| 4 | $3,904 | 6.625% | — | 33 | −$946 | |
| 5 | $4,202 | 6.500% | — | 9 | −$648 | |
| 6 | $4,461 | 6.625% | — | 9 | −$389 | |
| 7 | $4,464 | 6.500% | — | 59 | −$386 | |
| 8 | $4,556 | 6.875% | — | 1 | −$294 | |
| 9 | $4,690 | 6.562% | — | 22 | −$160 | |
| 10 | $4,738 | 6.438% | — | 6 | −$112 | |
| 11 | $4,834 | 6.500% | — | 257 | −$16 | |
| 12 | $4,848 | 6.625% | — | 328 | −$2 | |
| 13 | $4,859 | 6.308% | — | 2 | +$9 | |
| 14 | $4,865 | 6.625% | — | 79 | +$15 | |
| 15 | $5,286 | 6.500% | — | 57 | +$436 | |
| 16 | $5,652 | 6.438% | — | 82 | +$802 | |
| 17 | $5,758 | 6.562% | — | 8 | +$908 | |
| 18 | $6,201 | 7.375% | — | 1 | +$1,351 | |
| 19 | $8,925 | 6.370% | — | 2 | +$4,075 | |
| 20 | $10,209 | 7.125% | — | 1 | +$5,359 |
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.