Southern Bank closing costs and rates (2024)
In 2024, Southern Bank originated 287 purchase mortgages at a median interest rate of 7.00% and median total closing costs of $2,085. That is $4,656 below the national median of $6,741. Southern Bank is most active in Missouri with 236 originations there.
Purchase Originations
287
Median Total Costs
$2,085
−69.1% vs national ($6,741)
Median Rate
7.000%
+5.7% vs national (6.620%)
Median Origination
$550
Median Lender Credits
$69
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 263 | 7.000% | $2,012 | $550 |
| usda | 24 | 6.750% | $4,096 | $1,110 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,585 | 7.875% | — | 11 | −$500 | |
| 2 | $1,585 | 7.250% | — | 11 | −$500 | |
| 3 | $1,798 | 7.125% | — | 3 | −$287 | |
| 4 | $1,828 | 7.438% | — | 4 | −$257 | |
| 5 | $1,864 | 6.875% | — | 5 | −$221 | |
| 6 | $1,872 | 7.375% | — | 5 | −$213 | |
| 7 | $1,895 | 7.125% | — | 13 | −$190 | |
| 8 | $1,904 | 6.875% | — | 44 | −$181 | |
| 9 | $2,038 | 7.125% | — | 4 | −$47 | |
| 10 | $2,123 | 6.750% | — | 13 | +$38 | |
| 11 | $2,126 | 6.875% | — | 14 | +$41 | |
| 12 | $2,167 | 7.375% | — | 6 | +$82 | |
| 13 | $2,182 | 7.500% | — | 7 | +$97 | |
| 14 | $2,183 | 7.000% | — | 26 | +$98 | |
| 15 | $2,204 | 7.000% | — | 11 | +$119 | |
| 16 | $2,376 | 7.125% | — | 12 | +$291 | |
| 17 | $2,384 | 6.625% | — | 6 | +$299 | |
| 18 | $2,463 | 6.688% | — | 4 | +$378 | |
| 19 | $2,556 | 6.875% | — | 9 | +$471 | |
| 20 | $2,611 | 6.625% | — | 16 | +$526 |
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.