SUMMIT MORTGAGE BANKERS INC. closing costs and rates (2024)
In 2024, SUMMIT MORTGAGE BANKERS INC. originated 344 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,716. That is $25 below the national median of $6,741. SUMMIT MORTGAGE BANKERS INC. is most active in New York with 224 originations there.
Purchase Originations
344
Median Total Costs
$6,716
−0.4% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,768
Median Lender Credits
$250
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 344 | 6.625% | $6,716 | $1,768 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 224 | 6.625% | $7,374 | #77 |
| California | 61 | 6.625% | $6,277 | #243 |
| New Jersey | 56 | 6.750% | $6,704 | #141 |
| Texas | 2 | 6.620% | $4,922 | — |
| Pennsylvania | 1 | 6.500% | $6,247 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,045 | 6.750% | — | 8 | −$2,671 | |
| 2 | $4,292 | 6.500% | — | 4 | −$2,424 | |
| 3 | $6,309 | 6.750% | — | 9 | −$407 | |
| 4 | $6,446 | 6.500% | — | 7 | −$270 | |
| 5 | $6,552 | 6.500% | — | 7 | −$164 | |
| 6 | $6,607 | 6.375% | — | 23 | −$109 | |
| 7 | $6,683 | 6.625% | — | 99 | −$33 | |
| 8 | $6,813 | 6.500% | — | 46 | +$97 | |
| 9 | $6,820 | 6.562% | — | 4 | +$104 | |
| 10 | $6,910 | 6.812% | — | 10 | +$194 | |
| 11 | $6,931 | 6.875% | — | 8 | +$215 | |
| 12 | $6,970 | 6.500% | — | 4 | +$254 | |
| 13 | $6,988 | 6.625% | — | 3 | +$272 | |
| 14 | $7,059 | 6.562% | — | 8 | +$343 | |
| 15 | $7,172 | 6.625% | — | 22 | +$456 | |
| 16 | $7,586 | 6.750% | — | 5 | +$870 | |
| 17 | $8,206 | 6.812% | — | 4 | +$1,490 | |
| 18 | $8,884 | 7.250% | — | 3 | +$2,168 | |
| 19 | $9,031 | 6.688% | — | 32 | +$2,315 | |
| 20 | $12,023 | 7.125% | — | 6 | +$5,307 |
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.