The Merchants National Bank closing costs and rates (2024)
In 2024, The Merchants National Bank originated 102 purchase mortgages at a median interest rate of 7.25% and median total closing costs of $2,818. That is $3,923 below the national median of $6,741. The Merchants National Bank is most active in Ohio with 100 originations there.
Purchase Originations
102
Median Total Costs
$2,818
−58.2% vs national ($6,741)
Median Rate
7.250%
+9.5% vs national (6.620%)
Median Origination
$495
Median Lender Credits
$64
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 102 | 7.250% | $2,818 | $495 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Ohio | 100 | 7.250% | $2,806 | #135 |
| Georgia | 1 | 6.625% | $3,573 | — |
| North Carolina | 1 | 7.250% | $2,899 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,410 | 6.875% | — | 5 | −$408 | |
| 2 | $2,530 | 7.625% | — | 1 | −$288 | |
| 3 | $2,546 | 7.188% | — | 8 | −$272 | |
| 4 | $2,547 | 7.750% | — | 3 | −$271 | |
| 5 | $2,554 | 6.500% | — | 1 | −$264 | |
| 6 | $2,667 | 7.625% | — | 22 | −$151 | |
| 7 | $2,677 | 7.250% | — | 1 | −$141 | |
| 8 | $2,783 | 6.812% | — | 20 | −$35 | |
| 9 | $2,865 | 6.875% | — | 3 | +$47 | |
| 10 | $2,875 | 7.000% | — | 5 | +$57 | |
| 11 | $2,898 | 6.500% | — | 2 | +$80 | |
| 12 | $2,899 | 7.250% | — | 1 | +$81 | |
| 13 | $2,932 | 7.250% | — | 17 | +$114 | |
| 14 | $3,128 | 8.000% | — | 1 | +$310 | |
| 15 | $3,209 | 7.625% | — | 3 | +$391 | |
| 16 | $3,346 | 6.688% | — | 2 | +$528 | |
| 17 | $3,573 | 6.625% | — | 1 | +$755 | |
| 18 | $4,079 | 7.750% | — | 2 | +$1,261 | |
| 19 | $4,226 | 7.250% | — | 1 | +$1,408 | |
| 20 | $5,926 | 7.875% | — | 1 | +$3,108 |
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.