SCHOOLSFIRST closing costs and rates (2024)
In 2024, SCHOOLSFIRST originated 1,397 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,115. That ranks #288 nationally by origination volume. For total closing costs among lenders with 500+ originations, SCHOOLSFIRST ranks #208. That is $1,626 below the national median of $6,741. SCHOOLSFIRST is most active in California with 1,397 originations there.
Purchase Originations
1,397
Ranked #288 nationally
Median Total Costs
$5,115
−24.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$0
Median Lender Credits
$670
Cost Rank (500+ vol.)
#208
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,356 | 6.625% | $5,055 | $0 |
| fha | 41 | 6.750% | $13,166 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 1,397 | 6.625% | $5,115 | #32 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,832 | 6.688% | — | 4 | −$2,283 | |
| 2 | $2,952 | 6.875% | — | 6 | −$2,163 | |
| 3 | $3,009 | 6.625% | — | 57 | −$2,106 | |
| 4 | $3,120 | 6.375% | — | 17 | −$1,995 | |
| 5 | $3,125 | 6.500% | — | 5 | −$1,990 | |
| 6 | $3,265 | 6.250% | — | 6 | −$1,850 | |
| 7 | $3,453 | 6.312% | — | 14 | −$1,662 | |
| 8 | $3,546 | 6.375% | — | 7 | −$1,569 | |
| 9 | $3,566 | 6.375% | — | 7 | −$1,549 | |
| 10 | $3,730 | 6.875% | — | 5 | −$1,385 | |
| 11 | $4,044 | 6.625% | — | 17 | −$1,071 | |
| 12 | $4,539 | 6.625% | — | 5 | −$576 | |
| 13 | $4,680 | 6.750% | — | 6 | −$435 | |
| 14 | $4,733 | 6.625% | — | 9 | −$382 | |
| 15 | $4,748 | 6.625% | — | 247 | −$367 | |
| 16 | $4,934 | 6.375% | — | 49 | −$181 | |
| 17 | $4,992 | 6.750% | — | 219 | −$123 | |
| 18 | $5,247 | 6.562% | — | 14 | +$132 | |
| 19 | $5,469 | 6.500% | — | 305 | +$354 | |
| 20 | $5,701 | 6.500% | — | 362 | +$586 |
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.