Southern First Bank closing costs and rates (2024)
In 2024, Southern First Bank originated 597 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $4,764. That ranks #569 nationally by origination volume. For total closing costs among lenders with 500+ originations, Southern First Bank ranks #179. That is $1,977 below the national median of $6,741. Southern First Bank is most active in South Carolina with 459 originations there.
Purchase Originations
597
Ranked #569 nationally
Median Total Costs
$4,764
−29.3% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,525
Median Lender Credits
$398
Cost Rank (500+ vol.)
#179
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 515 | 6.875% | $4,411 | $1,555 |
| fha | 60 | 6.250% | $9,837 | $1,600 |
| va | 21 | 6.750% | $6,648 | $412 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Carolina | 459 | 6.750% | $4,432 | #35 |
| Georgia | 95 | 6.750% | $7,145 | #143 |
| North Carolina | 39 | 6.875% | $5,261 | — |
| Kentucky | 2 | 6.875% | $9,184 | — |
| Alabama | 1 | 7.125% | $2,808 | — |
| Indiana | 1 | 6.625% | $2,480 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,617 | 6.875% | — | 4 | −$1,147 | |
| 2 | $3,630 | 6.500% | — | 41 | −$1,134 | |
| 3 | $4,053 | 7.250% | — | 3 | −$711 | |
| 4 | $4,245 | 6.625% | — | 17 | −$519 | |
| 5 | $4,263 | 6.750% | — | 275 | −$501 | |
| 6 | $4,577 | 7.125% | — | 5 | −$187 | |
| 7 | $4,802 | 6.990% | — | 13 | +$38 | |
| 8 | $4,904 | 6.750% | — | 61 | +$140 | |
| 9 | $4,936 | 6.438% | — | 10 | +$172 | |
| 10 | $5,169 | 6.750% | — | 24 | +$405 | |
| 11 | $5,330 | 6.625% | — | 5 | +$566 | |
| 12 | $5,438 | 6.875% | — | 27 | +$674 | |
| 13 | $5,498 | 7.250% | — | 2 | +$734 | |
| 14 | $5,910 | 6.625% | — | 3 | +$1,146 | |
| 15 | $6,566 | 6.875% | — | 19 | +$1,802 | |
| 16 | $7,296 | 6.625% | — | 3 | +$2,532 | |
| 17 | $7,350 | 6.750% | — | 27 | +$2,586 | |
| 18 | $8,043 | 6.188% | — | 2 | +$3,279 | |
| 19 | $8,130 | 6.750% | — | 26 | +$3,366 | |
| 20 | $9,321 | 6.938% | — | 2 | +$4,557 |
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.