Sandy Spring Bank closing costs and rates (2024)
In 2024, Sandy Spring Bank originated 716 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,298. That ranks #498 nationally by origination volume. For total closing costs among lenders with 500+ originations, Sandy Spring Bank ranks #309. That is $443 below the national median of $6,741. Sandy Spring Bank is most active in Maryland with 480 originations there.
Purchase Originations
716
Ranked #498 nationally
Median Total Costs
$6,298
−6.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,598
Median Lender Credits
$1,200
Cost Rank (500+ vol.)
#309
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 544 | 6.625% | $5,776 | $1,598 |
| fha | 109 | 6.250% | $12,005 | $1,598 |
| va | 60 | 6.125% | $10,200 | $1,598 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 480 | 6.625% | $6,331 | #32 |
| Virginia | 139 | 6.625% | $5,818 | #109 |
| District of Columbia | 44 | 6.375% | $6,965 | — |
| Pennsylvania | 8 | 6.495% | $5,740 | — |
| South Carolina | 8 | 6.625% | $5,705 | — |
| Florida | 7 | 6.625% | $5,844 | — |
| Tennessee | 7 | 6.250% | $4,033 | — |
| West Virginia | 6 | 6.000% | $8,766 | — |
| North Carolina | 5 | 6.625% | $6,087 | — |
| Colorado | 3 | 6.875% | $3,756 | — |
| Georgia | 3 | 6.990% | $7,358 | — |
| Texas | 2 | 5.870% | $6,864 | — |
| Alabama | 1 | 6.490% | $5,197 | — |
| Delaware | 1 | 7.625% | $4,820 | — |
| New Jersey | 1 | 6.625% | $8,082 | — |
| Ohio | 1 | 6.990% | $5,166 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,327 | 6.625% | — | 54 | −$971 | |
| 2 | $5,378 | 6.495% | — | 12 | −$920 | |
| 3 | $5,625 | 6.625% | — | 5 | −$673 | |
| 4 | $5,660 | 6.625% | — | 30 | −$638 | |
| 5 | $5,808 | 6.625% | — | 145 | −$490 | |
| 6 | $6,028 | 6.625% | — | 48 | −$270 | |
| 7 | $6,058 | 6.490% | — | 19 | −$240 | |
| 8 | $6,156 | 6.625% | — | 59 | −$142 | |
| 9 | $6,502 | 6.558% | — | 10 | +$204 | |
| 10 | $6,626 | 6.240% | — | 8 | +$328 | |
| 11 | $6,658 | 6.500% | — | 7 | +$360 | |
| 12 | $6,965 | 6.375% | — | 44 | +$667 | |
| 13 | $7,271 | 6.490% | — | 23 | +$973 | |
| 14 | $7,365 | 6.558% | — | 10 | +$1,067 | |
| 15 | $7,743 | 6.125% | — | 5 | +$1,445 | |
| 16 | $7,819 | 6.995% | — | 8 | +$1,521 | |
| 17 | $8,206 | 6.500% | — | 81 | +$1,908 | |
| 18 | $9,053 | 6.490% | — | 35 | +$2,755 | |
| 19 | $12,832 | 6.250% | — | 7 | +$6,534 | |
| 20 | $14,397 | 6.370% | — | 12 | +$8,099 |
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.