Tradition Mortgage, LLC closing costs and rates (2024)
In 2024, Tradition Mortgage, LLC originated 777 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,797. That ranks #457 nationally by origination volume. For total closing costs among lenders with 500+ originations, Tradition Mortgage, LLC ranks #181. That is $1,944 below the national median of $6,741. Tradition Mortgage, LLC is most active in Minnesota with 699 originations there.
Purchase Originations
777
Ranked #457 nationally
Median Total Costs
$4,797
−28.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,911
Median Lender Credits
$853
Cost Rank (500+ vol.)
#181
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 704 | 6.625% | $4,556 | $1,911 |
| va | 40 | 6.250% | $7,038 | $2,015 |
| fha | 33 | 6.375% | $10,679 | $2,131 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,094 | 6.812% | — | 4 | −$1,703 | |
| 2 | $3,301 | 6.625% | — | 25 | −$1,496 | |
| 3 | $3,784 | 6.490% | — | 9 | −$1,013 | |
| 4 | $4,130 | 6.624% | — | 9 | −$667 | |
| 5 | $4,408 | 6.625% | — | 213 | −$389 | |
| 6 | $4,484 | 6.500% | — | 30 | −$313 | |
| 7 | $4,508 | 6.688% | — | 22 | −$289 | |
| 8 | $4,556 | 6.625% | — | 44 | −$241 | |
| 9 | $4,578 | 6.624% | — | 7 | −$219 | |
| 10 | $4,586 | 6.999% | — | 6 | −$211 | |
| 11 | $5,056 | 6.625% | — | 5 | +$259 | |
| 12 | $5,096 | 6.490% | — | 5 | +$299 | |
| 13 | $5,464 | 6.500% | — | 9 | +$667 | |
| 14 | $5,518 | 6.557% | — | 6 | +$721 | |
| 15 | $5,533 | 6.625% | — | 103 | +$736 | |
| 16 | $5,867 | 6.625% | — | 40 | +$1,070 | |
| 17 | $5,888 | 6.933% | — | 6 | +$1,091 | |
| 18 | $6,160 | 6.495% | — | 34 | +$1,363 | |
| 19 | $6,592 | 6.625% | — | 70 | +$1,795 | |
| 20 | $8,446 | 6.624% | — | 69 | +$3,649 |
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.