SouthPoint Bank closing costs and rates (2024)
In 2024, SouthPoint Bank originated 488 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $5,372. That is $1,369 below the national median of $6,741. SouthPoint Bank is most active in Alabama with 478 originations there.
Purchase Originations
488
Median Total Costs
$5,372
−20.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,245
Median Lender Credits
$85
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 228 | 6.625% | $4,720 | $2,753 |
| fha | 209 | 6.000% | $5,839 | $736 |
| va | 32 | 6.250% | $6,826 | $248 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $948 | 6.000% | — | 3 | −$4,424 | |
| 2 | $3,855 | 6.875% | — | 3 | −$1,517 | |
| 3 | $3,884 | 5.875% | — | 3 | −$1,488 | |
| 4 | $4,120 | 6.625% | — | 21 | −$1,252 | |
| 5 | $4,393 | 6.500% | — | 6 | −$979 | |
| 6 | $4,758 | 6.375% | — | 3 | −$614 | |
| 7 | $4,892 | 6.812% | — | 6 | −$480 | |
| 8 | $5,078 | 6.000% | — | 50 | −$294 | |
| 9 | $5,087 | 6.250% | — | 92 | −$285 | |
| 10 | $5,178 | 6.375% | — | 51 | −$194 | |
| 11 | $5,447 | 5.938% | — | 20 | +$75 | |
| 12 | $5,513 | 6.500% | — | 115 | +$141 | |
| 13 | $5,611 | 6.750% | — | 3 | +$239 | |
| 14 | $5,654 | 6.625% | — | 45 | +$282 | |
| 15 | $6,205 | 6.188% | — | 6 | +$833 | |
| 16 | $6,530 | 6.375% | — | 8 | +$1,158 | |
| 17 | $6,565 | 6.125% | — | 5 | +$1,193 | |
| 18 | $6,792 | 6.312% | — | 10 | +$1,420 | |
| 19 | $6,867 | 5.625% | — | 10 | +$1,495 | |
| 20 | $10,197 | 6.125% | — | 7 | +$4,825 |
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.