SmartBank closing costs and rates (2024)
In 2024, SmartBank originated 252 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $6,789. That is $48 above the national median of $6,741. SmartBank is most active in Tennessee with 173 originations there.
Purchase Originations
252
Median Total Costs
$6,789
+0.7% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$995
Median Lender Credits
$250
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 200 | 7.125% | $5,627 | $995 |
| fha | 38 | 6.125% | $8,783 | $995 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Tennessee | 173 | 6.875% | $6,345 | #86 |
| Alabama | 48 | 7.000% | $4,367 | — |
| Florida | 21 | 6.875% | $9,353 | — |
| Georgia | 5 | 7.000% | $10,260 | — |
| Mississippi | 2 | 7.188% | $3,664 | — |
| Oklahoma | 1 | 7.500% | $3,548 | — |
| South Carolina | 1 | 7.125% | $5,148 | — |
| West Virginia | 1 | 5.625% | $3,982 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,332 | 6.500% | — | 7 | −$3,457 | |
| 2 | $3,558 | 7.000% | — | 3 | −$3,231 | |
| 3 | $3,792 | 7.125% | — | 5 | −$2,997 | |
| 4 | $4,068 | 6.875% | — | 4 | −$2,721 | |
| 5 | $4,154 | 6.500% | — | 7 | −$2,635 | |
| 6 | $4,958 | 7.750% | — | 3 | −$1,831 | |
| 7 | $5,152 | 6.438% | — | 8 | −$1,637 | |
| 8 | $5,205 | 7.062% | — | 12 | −$1,584 | |
| 9 | $5,637 | 6.688% | — | 16 | −$1,152 | |
| 10 | $5,647 | 6.500% | — | 37 | −$1,142 | |
| 11 | $5,755 | 6.500% | — | 7 | −$1,034 | |
| 12 | $5,941 | 7.625% | — | 11 | −$848 | |
| 13 | $6,829 | 7.062% | — | 16 | +$40 | |
| 14 | $7,089 | 6.375% | — | 4 | +$300 | |
| 15 | $7,831 | 6.250% | — | 4 | +$1,042 | |
| 16 | $7,997 | 8.125% | — | 3 | +$1,208 | |
| 17 | $8,144 | 6.625% | — | 15 | +$1,355 | |
| 18 | $8,284 | 7.312% | — | 16 | +$1,495 | |
| 19 | $9,360 | 6.625% | — | 12 | +$2,571 | |
| 20 | $10,260 | 6.375% | — | 3 | +$3,471 |
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.