The State Bank closing costs and rates (2024)
In 2024, The State Bank originated 158 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $3,195. That is $3,546 below the national median of $6,741. The State Bank is most active in Michigan with 151 originations there.
Purchase Originations
158
Median Total Costs
$3,195
−52.6% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$845
Median Lender Credits
$50
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 158 | 6.750% | $3,195 | $845 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 151 | 6.750% | $3,193 | #91 |
| Florida | 2 | 6.625% | $8,135 | — |
| Indiana | 1 | 7.250% | $3,178 | — |
| Kentucky | 1 | 6.750% | $3,147 | — |
| North Carolina | 1 | 7.250% | $8,380 | — |
| Nebraska | 1 | 7.375% | $3,109 | — |
| South Carolina | 1 | 6.750% | $3,739 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,550 | 6.688% | — | 2 | −$645 | |
| 2 | $2,720 | 5.812% | — | 2 | −$475 | |
| 3 | $2,731 | 6.375% | — | 14 | −$464 | |
| 4 | $2,734 | 6.750% | — | 1 | −$461 | |
| 5 | $2,766 | 6.000% | — | 1 | −$429 | |
| 6 | $2,851 | 6.875% | — | 1 | −$344 | |
| 7 | $2,956 | 6.250% | — | 3 | −$239 | |
| 8 | $3,073 | 6.312% | — | 2 | −$122 | |
| 9 | $3,076 | 6.250% | — | 6 | −$119 | |
| 10 | $3,119 | 6.750% | — | 56 | −$76 | |
| 11 | $3,147 | 6.750% | — | 1 | −$48 | |
| 12 | $3,178 | 7.250% | — | 1 | −$17 | |
| 13 | $3,354 | 7.000% | — | 4 | +$159 | |
| 14 | $3,394 | 6.625% | — | 2 | +$199 | |
| 15 | $3,404 | 7.250% | — | 3 | +$209 | |
| 16 | $3,499 | 6.875% | — | 40 | +$304 | |
| 17 | $3,900 | 7.125% | — | 8 | +$705 | |
| 18 | $6,187 | 7.250% | — | 2 | +$2,992 | |
| 19 | $6,652 | 6.500% | — | 1 | +$3,457 | |
| 20 | $9,618 | 6.750% | — | 1 | +$6,423 |
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.