SOMERSET TRUST COMPANY closing costs and rates (2024)
In 2024, SOMERSET TRUST COMPANY originated 202 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $4,024. That is $2,717 below the national median of $6,741. SOMERSET TRUST COMPANY is most active in Pennsylvania with 200 originations there.
Purchase Originations
202
Median Total Costs
$4,024
−40.3% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,003
Median Lender Credits
$250
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 179 | 6.500% | $3,883 | $1,003 |
| usda | 23 | 5.875% | $5,258 | $1,235 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Pennsylvania | 200 | 6.375% | $4,030 | #101 |
| West Virginia | 2 | 6.000% | $3,802 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,197 | 6.875% | — | 1 | −$827 | |
| 2 | $3,442 | 6.125% | — | 1 | −$582 | |
| 3 | $3,668 | 6.625% | — | 40 | −$356 | |
| 4 | $3,671 | 6.625% | — | 1 | −$353 | |
| 5 | $3,752 | 5.375% | — | 1 | −$272 | |
| 6 | $3,933 | 5.375% | — | 1 | −$91 | |
| 7 | $4,019 | 6.375% | — | 55 | −$5 | |
| 8 | $4,106 | 6.625% | — | 52 | +$82 | |
| 9 | $4,144 | 6.062% | — | 32 | +$120 | |
| 10 | $4,208 | 6.375% | — | 6 | +$184 | |
| 11 | $4,370 | 6.500% | — | 9 | +$346 | |
| 12 | $4,614 | 5.938% | — | 2 | +$590 | |
| 13 | $5,179 | 6.625% | — | 1 | +$1,155 |
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.