STATE EMPLOYEES' closing costs and rates (2024)
In 2024, STATE EMPLOYEES' originated 7,782 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $4,568. That ranks #59 nationally by origination volume. For total closing costs among lenders with 500+ originations, STATE EMPLOYEES' ranks #162. That is $2,173 below the national median of $6,741. STATE EMPLOYEES' is most active in North Carolina with 7,438 originations there.
Purchase Originations
7,782
Ranked #59 nationally
Median Total Costs
$4,568
−32.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,500
Median Lender Credits
$92
Cost Rank (500+ vol.)
#162
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 7,782 | 6.500% | $4,568 | $2,500 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Carolina | 7,438 | 6.500% | $4,561 | #1 |
| South Carolina | 179 | 6.575% | $4,816 | #79 |
| Virginia | 88 | 6.575% | $4,200 | #137 |
| Tennessee | 39 | 6.250% | $4,781 | — |
| Georgia | 38 | 5.875% | $5,412 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,091 | 6.525% | — | 149 | −$477 | |
| 2 | $4,310 | 6.575% | — | 135 | −$258 | |
| 3 | $4,357 | 6.625% | — | 245 | −$211 | |
| 4 | $4,358 | 6.525% | — | 157 | −$210 | |
| 5 | $4,360 | 6.525% | — | 164 | −$208 | |
| 6 | $4,421 | 6.325% | — | 171 | −$147 | |
| 7 | $4,484 | 6.412% | — | 156 | −$84 | |
| 8 | $4,584 | 6.325% | — | 132 | +$16 | |
| 9 | $4,594 | 6.550% | — | 210 | +$26 | |
| 10 | $4,597 | 6.575% | — | 416 | +$29 | |
| 11 | $4,646 | 6.525% | — | 129 | +$78 | |
| 12 | $4,648 | 6.475% | — | 290 | +$80 | |
| 13 | $4,679 | 6.650% | — | 136 | +$111 | |
| 14 | $4,700 | 6.325% | — | 132 | +$132 | |
| 15 | $4,751 | 6.325% | — | 131 | +$183 | |
| 16 | $4,795 | 6.250% | — | 761 | +$227 | |
| 17 | $4,803 | 6.287% | — | 188 | +$235 | |
| 18 | $4,817 | 6.525% | — | 139 | +$249 | |
| 19 | $4,881 | 6.500% | — | 222 | +$313 | |
| 20 | $4,982 | 6.250% | — | 140 | +$414 |
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.