Shoreham Bank closing costs and rates (2024)
In 2024, Shoreham Bank originated 249 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $5,424. That is $1,317 below the national median of $6,741. Shoreham Bank is most active in Rhode Island with 120 originations there.
Purchase Originations
249
Median Total Costs
$5,424
−19.5% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$1,595
Median Lender Credits
$83
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 197 | 6.875% | $5,036 | $1,595 |
| fha | 42 | 6.375% | $12,753 | $2,701 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Rhode Island | 120 | 6.688% | $5,499 | #19 |
| Massachusetts | 30 | 6.688% | $4,813 | — |
| New Hampshire | 23 | 6.750% | $5,196 | — |
| Connecticut | 20 | 6.812% | $5,447 | — |
| California | 9 | 6.990% | $6,178 | — |
| Florida | 8 | 6.875% | $6,376 | — |
| New Jersey | 4 | 6.875% | $6,531 | — |
| Nevada | 4 | 6.875% | $5,350 | — |
| Arizona | 3 | 6.990% | $7,819 | — |
| Utah | 3 | 6.990% | $4,564 | — |
| Colorado | 2 | 6.933% | $3,206 | — |
| District of Columbia | 2 | 6.562% | $6,060 | — |
| Idaho | 2 | 6.933% | $5,849 | — |
| New York | 2 | 6.808% | $6,360 | — |
| Ohio | 2 | 6.683% | $4,392 | — |
| Pennsylvania | 2 | 6.625% | $4,745 | — |
| Virginia | 2 | 6.990% | $4,526 | — |
| Washington | 2 | 6.933% | $5,274 | — |
| Illinois | 1 | 6.875% | $6,892 | — |
| Maryland | 1 | 6.990% | $5,950 | — |
| Maine | 1 | 6.490% | $3,405 | — |
| Michigan | 1 | 6.990% | $3,999 | — |
| Oklahoma | 1 | 6.125% | $5,292 | — |
| Oregon | 1 | 6.990% | $6,104 | — |
| Tennessee | 1 | 6.990% | $7,005 | — |
| Texas | 1 | 6.990% | $5,138 | — |
| Vermont | 1 | 6.625% | $5,670 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,394 | 7.125% | — | 5 | −$1,030 | |
| 2 | $4,477 | 6.750% | — | 9 | −$947 | |
| 3 | $4,772 | 6.688% | — | 8 | −$652 | |
| 4 | $4,772 | 6.625% | — | 3 | −$652 | |
| 5 | $4,858 | 7.240% | — | 4 | −$566 | |
| 6 | $4,909 | 6.875% | — | 4 | −$515 | |
| 7 | $5,004 | 6.625% | — | 35 | −$420 | |
| 8 | $5,033 | 6.625% | — | 4 | −$391 | |
| 9 | $5,092 | 6.620% | — | 6 | −$332 | |
| 10 | $5,346 | 6.875% | — | 2 | −$78 | |
| 11 | $5,554 | 6.625% | — | 11 | +$130 | |
| 12 | $5,596 | 6.875% | — | 12 | +$172 | |
| 13 | $5,818 | 6.933% | — | 4 | +$394 | |
| 14 | $5,955 | 6.750% | — | 13 | +$531 | |
| 15 | $6,259 | 6.375% | — | 3 | +$835 | |
| 16 | $6,292 | 6.625% | — | 4 | +$868 | |
| 17 | $6,418 | 6.812% | — | 58 | +$994 | |
| 18 | $7,133 | 6.933% | — | 2 | +$1,709 | |
| 19 | $7,405 | 6.933% | — | 2 | +$1,981 | |
| 20 | $13,532 | 6.312% | — | 2 | +$8,108 |
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.