Southern Bank and Trust Company closing costs and rates (2024)
In 2024, Southern Bank and Trust Company originated 381 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $6,224. That is $517 below the national median of $6,741. Southern Bank and Trust Company is most active in North Carolina with 353 originations there.
Purchase Originations
381
Median Total Costs
$6,224
−7.7% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$3,931
Median Lender Credits
$118
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 366 | 6.875% | $6,360 | $4,040 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Carolina | 353 | 6.875% | $6,351 | #64 |
| Virginia | 27 | 6.875% | $4,006 | — |
| South Carolina | 1 | 7.000% | $4,411 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,755 | 7.125% | — | 9 | −$2,469 | |
| 2 | $3,844 | 6.875% | — | 19 | −$2,380 | |
| 3 | $4,436 | 6.875% | — | 35 | −$1,788 | |
| 4 | $4,907 | 6.500% | — | 7 | −$1,317 | |
| 5 | $4,988 | 6.812% | — | 8 | −$1,236 | |
| 6 | $5,174 | 6.812% | — | 8 | −$1,050 | |
| 7 | $5,604 | 6.875% | — | 11 | −$620 | |
| 8 | $5,875 | 7.000% | — | 17 | −$349 | |
| 9 | $5,939 | 7.000% | — | 11 | −$285 | |
| 10 | $6,009 | 6.875% | — | 29 | −$215 | |
| 11 | $6,183 | 6.062% | — | 8 | −$41 | |
| 12 | $6,198 | 7.312% | — | 10 | −$26 | |
| 13 | $6,203 | 6.625% | — | 19 | −$21 | |
| 14 | $6,297 | 7.000% | — | 38 | +$73 | |
| 15 | $6,758 | 7.500% | — | 11 | +$534 | |
| 16 | $6,811 | 6.750% | — | 13 | +$587 | |
| 17 | $6,958 | 7.188% | — | 12 | +$734 | |
| 18 | $7,114 | 7.000% | — | 7 | +$890 | |
| 19 | $7,135 | 7.250% | — | 9 | +$911 | |
| 20 | $7,166 | 7.312% | — | 10 | +$942 |
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.