SFMC, LP closing costs and rates (2024)
In 2024, SFMC, LP originated 3,276 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $12,416. That ranks #142 nationally by origination volume. For total closing costs among lenders with 500+ originations, SFMC, LP ranks #597. That is $5,675 above the national median of $6,741. SFMC, LP is most active in Texas with 3,057 originations there.
Purchase Originations
3,276
Ranked #142 nationally
Median Total Costs
$12,416
+84.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$5,876
Median Lender Credits
$2,500
Cost Rank (500+ vol.)
#597
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,458 | 6.625% | $10,261 | $6,452 |
| fha | 1,418 | 6.250% | $14,642 | $5,688 |
| va | 393 | 5.990% | $11,196 | $2,178 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 3,057 | 6.500% | $12,716 | #16 |
| North Carolina | 86 | 6.875% | $8,204 | #157 |
| Florida | 58 | 6.625% | $10,265 | #308 |
| Arizona | 17 | 6.990% | $8,980 | — |
| Louisiana | 14 | 7.058% | $8,406 | — |
| Oklahoma | 13 | 6.990% | $9,512 | — |
| Arkansas | 10 | 6.500% | $8,106 | — |
| Georgia | 7 | 5.990% | $8,668 | — |
| Minnesota | 5 | 6.250% | $6,480 | — |
| Ohio | 5 | 6.625% | $5,534 | — |
| Colorado | 2 | 6.188% | $10,718 | — |
| Maine | 1 | 6.250% | $11,368 | — |
| Tennessee | 1 | 6.250% | $9,157 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,220 | 6.875% | — | 42 | −$5,196 | |
| 2 | $10,708 | 6.933% | — | 46 | −$1,708 | |
| 3 | $11,165 | 6.125% | — | 265 | −$1,251 | |
| 4 | $11,218 | 5.750% | — | 71 | −$1,198 | |
| 5 | $11,337 | 5.750% | — | 56 | −$1,079 | |
| 6 | $11,970 | 6.625% | — | 382 | −$446 | |
| 7 | $12,147 | 5.990% | — | 102 | −$269 | |
| 8 | $12,154 | 5.990% | — | 113 | −$262 | |
| 9 | $12,354 | 6.625% | — | 75 | −$62 | |
| 10 | $12,367 | 6.250% | — | 180 | −$49 | |
| 11 | $12,380 | 6.500% | — | 57 | −$36 | |
| 12 | $12,402 | 6.375% | — | 116 | −$14 | |
| 13 | $12,427 | 6.688% | — | 60 | +$11 | |
| 14 | $12,526 | 7.062% | — | 58 | +$110 | |
| 15 | $12,665 | 6.624% | — | 130 | +$249 | |
| 16 | $13,333 | 6.750% | — | 166 | +$917 | |
| 17 | $13,470 | 6.624% | — | 43 | +$1,054 | |
| 18 | $14,002 | 5.990% | — | 126 | +$1,586 | |
| 19 | $14,023 | 6.624% | — | 138 | +$1,607 | |
| 20 | $15,675 | 6.250% | — | 505 | +$3,259 |
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.