Servion, Inc. closing costs and rates (2024)
In 2024, Servion, Inc. originated 1,216 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $5,049. That ranks #317 nationally by origination volume. For total closing costs among lenders with 500+ originations, Servion, Inc. ranks #201. That is $1,692 below the national median of $6,741. Servion, Inc. is most active in Minnesota with 418 originations there.
Purchase Originations
1,216
Ranked #317 nationally
Median Total Costs
$5,049
−25.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,075
Median Lender Credits
$180
Cost Rank (500+ vol.)
#201
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 895 | 6.625% | $4,459 | $2,184 |
| fha | 195 | 6.625% | $8,105 | $1,714 |
| va | 110 | 6.562% | $6,019 | $1,292 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 418 | 6.500% | $5,020 | #36 |
| Wisconsin | 196 | 6.688% | $3,352 | #59 |
| Wyoming | 73 | 6.500% | $5,974 | #16 |
| Illinois | 65 | 6.625% | $5,714 | #175 |
| Iowa | 63 | 6.625% | $4,459 | #76 |
| Montana | 42 | 6.625% | $6,707 | — |
| Indiana | 32 | 6.625% | $3,112 | — |
| Missouri | 27 | 6.750% | $4,244 | — |
| South Dakota | 27 | 6.625% | $6,064 | — |
| Nebraska | 26 | 6.500% | $4,165 | — |
| Ohio | 26 | 7.125% | $6,115 | — |
| Maine | 24 | 7.062% | $3,237 | — |
| Oklahoma | 23 | 6.750% | $6,757 | — |
| Arkansas | 22 | 6.625% | $4,996 | — |
| Colorado | 17 | 6.750% | $11,248 | — |
| Texas | 15 | 6.500% | $6,863 | — |
| California | 14 | 6.750% | $5,816 | — |
| Michigan | 14 | 7.000% | $3,419 | — |
| South Carolina | 14 | 6.625% | $6,716 | — |
| North Dakota | 13 | 7.125% | $4,766 | — |
| New Mexico | 11 | 6.750% | $5,723 | — |
| Pennsylvania | 11 | 7.000% | $5,661 | — |
| Washington | 7 | 7.375% | $6,979 | — |
| Florida | 5 | 6.875% | $6,885 | — |
| Kansas | 4 | 7.125% | $4,851 | — |
| Georgia | 3 | 7.125% | $8,601 | — |
| Louisiana | 3 | 6.500% | $8,232 | — |
| Oregon | 3 | 6.250% | $10,562 | — |
| Alabama | 2 | 7.000% | $3,231 | — |
| Idaho | 2 | 5.938% | $4,198 | — |
| Kentucky | 2 | 6.875% | $4,793 | — |
| Mississippi | 2 | 6.938% | $4,902 | — |
| North Carolina | 2 | 7.250% | $3,239 | — |
| Tennessee | 2 | 6.438% | $4,092 | — |
| Arizona | 1 | 7.000% | $8,009 | — |
| Maryland | 1 | 6.000% | $2,997 | — |
| New Jersey | 1 | 6.625% | $10,861 | — |
| Nevada | 1 | 7.125% | $4,391 | — |
| Virginia | 1 | 7.625% | $6,651 | — |
| West Virginia | 1 | 7.625% | $6,740 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,968 | 6.625% | — | 65 | −$2,081 | |
| 2 | $4,206 | 6.625% | — | 13 | −$843 | |
| 3 | $4,240 | 6.375% | — | 44 | −$809 | |
| 4 | $4,278 | 7.000% | — | 21 | −$771 | |
| 5 | $4,445 | 6.625% | — | 53 | −$604 | |
| 6 | $4,544 | 6.438% | — | 10 | −$505 | |
| 7 | $4,766 | 6.625% | — | 12 | −$283 | |
| 8 | $4,878 | 6.125% | — | 12 | −$171 | |
| 9 | $4,913 | 6.000% | — | 24 | −$136 | |
| 10 | $4,939 | 6.625% | — | 25 | −$110 | |
| 11 | $5,538 | 6.438% | — | 22 | +$489 | |
| 12 | $5,750 | 6.562% | — | 28 | +$701 | |
| 13 | $5,984 | 6.500% | — | 35 | +$935 | |
| 14 | $6,016 | 6.500% | — | 12 | +$967 | |
| 15 | $6,170 | 6.625% | — | 13 | +$1,121 | |
| 16 | $6,192 | 6.500% | — | 15 | +$1,143 | |
| 17 | $6,286 | 6.625% | — | 16 | +$1,237 | |
| 18 | $6,355 | 6.438% | — | 14 | +$1,306 | |
| 19 | $6,607 | 6.625% | — | 12 | +$1,558 | |
| 20 | $6,870 | 6.625% | — | 33 | +$1,821 |
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.