SUMMIT MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, SUMMIT MORTGAGE CORPORATION originated 323 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $9,475. That is $2,734 above the national median of $6,741. SUMMIT MORTGAGE CORPORATION is most active in Oregon with 182 originations there.
Purchase Originations
323
Median Total Costs
$9,475
+40.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$4,623
Median Lender Credits
$1,069
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 228 | 6.625% | $7,637 | $4,442 |
| fha | 72 | 6.500% | $15,764 | $5,008 |
| va | 22 | 6.124% | $14,400 | $3,753 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Oregon | 182 | 6.624% | $9,020 | #50 |
| Washington | 134 | 6.625% | $10,795 | #88 |
| California | 3 | 6.875% | $6,210 | — |
| Idaho | 2 | 6.812% | $8,083 | — |
| Colorado | 1 | 6.750% | $10,260 | — |
| Florida | 1 | 6.375% | $9,496 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,750 | 7.125% | — | 3 | −$5,725 | |
| 2 | $6,051 | 6.688% | — | 2 | −$3,424 | |
| 3 | $6,804 | 6.438% | — | 4 | −$2,671 | |
| 4 | $6,972 | 7.000% | — | 2 | −$2,503 | |
| 5 | $7,645 | 6.625% | — | 69 | −$1,830 | |
| 6 | $7,838 | 6.490% | — | 3 | −$1,637 | |
| 7 | $8,219 | 6.620% | — | 2 | −$1,256 | |
| 8 | $8,230 | 6.562% | — | 4 | −$1,245 | |
| 9 | $8,677 | 7.058% | — | 6 | −$798 | |
| 10 | $9,217 | 6.500% | — | 25 | −$258 | |
| 11 | $9,303 | 6.625% | — | 57 | −$172 | |
| 12 | $9,760 | 6.938% | — | 2 | +$285 | |
| 13 | $10,026 | 6.688% | — | 4 | +$551 | |
| 14 | $10,180 | 6.937% | — | 2 | +$705 | |
| 15 | $10,825 | 6.562% | — | 2 | +$1,350 | |
| 16 | $10,997 | 6.625% | — | 95 | +$1,522 | |
| 17 | $11,785 | 6.620% | — | 12 | +$2,310 | |
| 18 | $12,780 | 6.250% | — | 4 | +$3,305 | |
| 19 | $15,666 | 7.058% | — | 2 | +$6,191 | |
| 20 | $19,040 | 6.490% | — | 5 | +$9,565 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.