THE MORTGAGE LINK, INC. closing costs and rates (2024)
In 2024, THE MORTGAGE LINK, INC. originated 2,025 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $15,490. That ranks #222 nationally by origination volume. For total closing costs among lenders with 500+ originations, THE MORTGAGE LINK, INC. ranks #629. That is $8,749 above the national median of $6,741. THE MORTGAGE LINK, INC. is most active in Texas with 738 originations there.
Purchase Originations
2,025
Ranked #222 nationally
Median Total Costs
$15,490
+129.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,485
Median Lender Credits
$89
Cost Rank (500+ vol.)
#629
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 933 | 6.875% | $12,784 | $3,215 |
| fha | 905 | 6.625% | $16,913 | $3,634 |
| va | 164 | 6.500% | $20,375 | $4,201 |
| usda | 23 | 6.624% | $11,280 | $2,024 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 738 | 6.625% | $18,608 | #86 |
| Michigan | 445 | 6.625% | $11,665 | #40 |
| Oklahoma | 424 | 6.625% | $12,955 | #18 |
| Maryland | 162 | 6.625% | $21,764 | #76 |
| Illinois | 71 | 6.990% | $16,305 | #167 |
| Arizona | 56 | 6.750% | $26,178 | #135 |
| Florida | 21 | 6.875% | $17,791 | — |
| Pennsylvania | 18 | 6.625% | $20,074 | — |
| Virginia | 18 | 6.688% | $19,882 | — |
| Alabama | 17 | 7.124% | $11,732 | — |
| Colorado | 9 | 6.500% | $17,190 | — |
| Louisiana | 8 | 6.250% | $15,215 | — |
| District of Columbia | 6 | 6.250% | $35,453 | — |
| North Carolina | 5 | 6.250% | $13,636 | — |
| Tennessee | 5 | 6.990% | $15,572 | — |
| Washington | 4 | 6.562% | $15,410 | — |
| West Virginia | 4 | 6.625% | $17,138 | — |
| Georgia | 2 | 6.375% | $17,754 | — |
| Indiana | 2 | 7.308% | $9,948 | — |
| New Mexico | 2 | 7.125% | $11,113 | — |
| Ohio | 2 | 6.995% | $13,273 | — |
| Arkansas | 1 | 5.750% | $32,000 | — |
| California | 1 | 7.490% | $16,153 | — |
| Delaware | 1 | 7.125% | $21,204 | — |
| Kansas | 1 | 6.875% | $8,884 | — |
| Minnesota | 1 | 7.125% | $18,240 | — |
| South Carolina | 1 | 6.875% | $13,982 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $11,564 | 6.625% | — | 313 | −$3,926 | |
| 2 | $11,829 | 6.625% | — | 33 | −$3,661 | |
| 3 | $12,001 | 6.625% | — | 29 | −$3,489 | |
| 4 | $12,496 | 6.688% | — | 50 | −$2,994 | |
| 5 | $13,138 | 6.750% | — | 231 | −$2,352 | |
| 6 | $14,052 | 6.688% | — | 36 | −$1,438 | |
| 7 | $14,754 | 6.125% | — | 55 | −$736 | |
| 8 | $15,177 | 6.625% | — | 67 | −$313 | |
| 9 | $15,662 | 6.990% | — | 29 | +$172 | |
| 10 | $16,878 | 6.625% | — | 43 | +$1,388 | |
| 11 | $19,084 | 6.500% | — | 57 | +$3,594 | |
| 12 | $19,225 | 6.933% | — | 24 | +$3,735 | |
| 13 | $19,885 | 6.750% | — | 53 | +$4,395 | |
| 14 | $20,057 | 6.500% | — | 134 | +$4,567 | |
| 15 | $20,333 | 6.490% | — | 42 | +$4,843 | |
| 16 | $20,362 | 6.750% | — | 65 | +$4,872 | |
| 17 | $23,237 | 6.750% | — | 32 | +$7,747 | |
| 18 | $26,765 | 6.750% | — | 49 | +$11,275 | |
| 19 | $27,959 | 5.933% | — | 42 | +$12,469 | |
| 20 | $32,453 | 6.125% | — | 20 | +$16,963 |
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.