The Freedom Bank of Virginia closing costs and rates (2024)
In 2024, The Freedom Bank of Virginia originated 262 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $5,916. That is $825 below the national median of $6,741. The Freedom Bank of Virginia is most active in Virginia with 207 originations there.
Purchase Originations
262
Median Total Costs
$5,916
−12.2% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$1,200
Median Lender Credits
$70
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 182 | 6.250% | $5,265 | $1,200 |
| fha | 42 | 6.125% | $11,877 | $1,200 |
| va | 36 | 6.125% | $11,631 | $1,200 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 207 | 6.250% | $5,838 | #84 |
| Maryland | 23 | 6.250% | $5,464 | — |
| District of Columbia | 9 | 6.500% | $5,699 | — |
| North Carolina | 7 | 6.125% | $4,698 | — |
| Texas | 5 | 6.625% | $6,047 | — |
| West Virginia | 5 | 6.250% | $7,778 | — |
| Florida | 1 | 6.125% | $4,340 | — |
| Georgia | 1 | 6.490% | $18,879 | — |
| Iowa | 1 | 6.250% | $14,033 | — |
| New Jersey | 1 | 6.250% | $12,950 | — |
| South Carolina | 1 | 5.625% | $18,605 | — |
| Tennessee | 1 | 5.250% | $4,947 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,557 | 6.375% | — | 3 | −$2,359 | |
| 2 | $5,006 | 6.125% | — | 21 | −$910 | |
| 3 | $5,254 | 6.125% | — | 3 | −$662 | |
| 4 | $5,275 | 6.250% | — | 23 | −$641 | |
| 5 | $5,280 | 6.250% | — | 7 | −$636 | |
| 6 | $5,545 | 6.125% | — | 9 | −$371 | |
| 7 | $5,699 | 6.500% | — | 9 | −$217 | |
| 8 | $5,707 | 6.500% | — | 2 | −$209 | |
| 9 | $5,790 | 6.250% | — | 8 | −$126 | |
| 10 | $5,796 | 6.374% | — | 10 | −$120 | |
| 11 | $5,994 | 6.625% | — | 3 | +$78 | |
| 12 | $6,079 | 6.250% | — | 61 | +$163 | |
| 13 | $6,491 | 6.125% | — | 10 | +$575 | |
| 14 | $6,745 | 6.250% | — | 3 | +$829 | |
| 15 | $6,798 | 6.000% | — | 2 | +$882 | |
| 16 | $7,718 | 6.250% | — | 14 | +$1,802 | |
| 17 | $8,884 | 6.062% | — | 2 | +$2,968 | |
| 18 | $8,918 | 6.125% | — | 2 | +$3,002 | |
| 19 | $11,674 | 6.125% | — | 19 | +$5,758 | |
| 20 | $12,788 | 6.125% | — | 3 | +$6,872 |
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.