SOUTHWEST FUNDING, LP closing costs and rates (2024)
In 2024, SOUTHWEST FUNDING, LP originated 1,662 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $9,877. That ranks #259 nationally by origination volume. For total closing costs among lenders with 500+ originations, SOUTHWEST FUNDING, LP ranks #539. That is $3,136 above the national median of $6,741. SOUTHWEST FUNDING, LP is most active in Texas with 710 originations there.
Purchase Originations
1,662
Ranked #259 nationally
Median Total Costs
$9,877
+46.5% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$4,304
Median Lender Credits
$121
Cost Rank (500+ vol.)
#539
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 909 | 7.000% | $11,727 | $4,544 |
| conventional | 523 | 6.875% | $7,831 | $4,796 |
| va | 189 | 6.750% | $7,637 | $0 |
| usda | 41 | 6.750% | $7,081 | $3,158 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 710 | 6.875% | $11,081 | #90 |
| Tennessee | 176 | 6.875% | $9,836 | #83 |
| Louisiana | 157 | 7.000% | $8,938 | #38 |
| Alabama | 119 | 6.750% | $8,034 | #77 |
| Oklahoma | 112 | 6.688% | $8,323 | #63 |
| Colorado | 61 | 6.875% | $14,973 | #128 |
| South Carolina | 59 | 6.750% | $10,009 | #149 |
| Michigan | 36 | 7.495% | $7,888 | — |
| Kentucky | 32 | 6.995% | $7,370 | — |
| New Mexico | 31 | 7.125% | $10,454 | — |
| Indiana | 30 | 7.000% | $7,276 | — |
| Ohio | 26 | 7.125% | $7,285 | — |
| Mississippi | 20 | 6.562% | $14,982 | — |
| Missouri | 18 | 7.062% | $7,782 | — |
| Florida | 15 | 7.000% | $7,531 | — |
| Arizona | 13 | 6.625% | $15,981 | — |
| Georgia | 11 | 6.750% | $4,947 | — |
| Oregon | 11 | 6.750% | $22,808 | — |
| Arkansas | 5 | 7.125% | $11,393 | — |
| Pennsylvania | 5 | 6.750% | $6,807 | — |
| Washington | 5 | 7.000% | $15,865 | — |
| Iowa | 3 | 7.000% | $3,412 | — |
| Illinois | 3 | 7.750% | $10,486 | — |
| Nebraska | 3 | 6.625% | $5,853 | — |
| Montana | 1 | 7.125% | $13,292 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $7,074 | 6.625% | — | 19 | −$2,803 | |
| 2 | $7,166 | 6.875% | — | 34 | −$2,711 | |
| 3 | $8,150 | 6.750% | — | 25 | −$1,727 | |
| 4 | $8,450 | 6.625% | — | 20 | −$1,427 | |
| 5 | $8,522 | 6.750% | — | 62 | −$1,355 | |
| 6 | $9,102 | 7.250% | — | 18 | −$775 | |
| 7 | $9,127 | 6.933% | — | 28 | −$750 | |
| 8 | $9,311 | 6.990% | — | 39 | −$566 | |
| 9 | $10,448 | 6.990% | — | 39 | +$571 | |
| 10 | $10,676 | 6.688% | — | 54 | +$799 | |
| 11 | $10,894 | 6.812% | — | 40 | +$1,017 | |
| 12 | $10,900 | 6.933% | — | 30 | +$1,023 | |
| 13 | $11,326 | 6.990% | — | 24 | +$1,449 | |
| 14 | $11,413 | 6.990% | — | 17 | +$1,536 | |
| 15 | $11,734 | 6.875% | — | 85 | +$1,857 | |
| 16 | $12,010 | 6.875% | — | 71 | +$2,133 | |
| 17 | $12,332 | 6.750% | — | 18 | +$2,455 | |
| 18 | $12,375 | 6.875% | — | 37 | +$2,498 | |
| 19 | $12,954 | 6.870% | — | 18 | +$3,077 | |
| 20 | $16,530 | 6.938% | — | 20 | +$6,653 |
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.