Truist Bank closing costs and rates (2024)
In 2024, Truist Bank originated 10,987 purchase mortgages at a median interest rate of 6.49% and median total closing costs of $5,401. That ranks #37 nationally by origination volume. For total closing costs among lenders with 500+ originations, Truist Bank ranks #237. That is $1,340 below the national median of $6,741. Truist Bank is most active in North Carolina with 2,333 originations there.
Purchase Originations
10,987
Ranked #37 nationally
Median Total Costs
$5,401
−19.9% vs national ($6,741)
Median Rate
6.490%
−2.0% vs national (6.620%)
Median Origination
$1,451
Median Lender Credits
$1,046
Cost Rank (500+ vol.)
#237
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 9,865 | 6.490% | $5,219 | $1,438 |
| fha | 654 | 6.250% | $10,143 | $1,924 |
| va | 404 | 6.125% | $5,596 | $1,250 |
| usda | 64 | 5.875% | $6,092 | $1,267 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Carolina | 2,333 | 6.490% | $4,824 | #11 |
| Virginia | 1,528 | 6.490% | $5,444 | #13 |
| Florida | 1,355 | 6.600% | $6,614 | #36 |
| Georgia | 1,284 | 6.490% | $5,931 | #17 |
| Maryland | 1,027 | 6.400% | $5,486 | #10 |
| South Carolina | 464 | 6.490% | $4,780 | #33 |
| Texas | 427 | 6.490% | $7,258 | #136 |
| Tennessee | 378 | 6.490% | $5,017 | #42 |
| Pennsylvania | 359 | 6.490% | $5,431 | #59 |
| Kentucky | 334 | 6.600% | $3,999 | #28 |
| West Virginia | 318 | 6.490% | $4,067 | #11 |
| Alabama | 178 | 6.600% | $4,075 | #55 |
| Missouri | 169 | 6.625% | $3,137 | #64 |
| District of Columbia | 91 | 6.490% | $6,982 | #15 |
| California | 89 | 6.875% | $8,056 | #211 |
| Iowa | 88 | 6.625% | $4,569 | #69 |
| New Jersey | 80 | 6.490% | $6,874 | #118 |
| Ohio | 67 | 6.625% | $4,635 | #164 |
| Illinois | 46 | 6.750% | $6,539 | — |
| Delaware | 42 | 6.490% | $6,892 | — |
| Arkansas | 40 | 6.625% | $3,349 | — |
| Indiana | 32 | 6.490% | $3,713 | — |
| Mississippi | 31 | 6.490% | $6,268 | — |
| Arizona | 27 | 6.500% | $6,701 | — |
| Colorado | 20 | 6.107% | $3,678 | — |
| Massachusetts | 19 | 6.875% | $3,491 | — |
| Minnesota | 19 | 6.625% | $5,032 | — |
| Connecticut | 16 | 6.625% | $5,040 | — |
| Kansas | 15 | 6.875% | $2,359 | — |
| Nebraska | 12 | 6.750% | $3,121 | — |
| Utah | 12 | 6.750% | $4,280 | — |
| Washington | 11 | 6.375% | $4,962 | — |
| Oklahoma | 10 | 6.490% | $4,025 | — |
| Michigan | 9 | 6.375% | $4,081 | — |
| New York | 9 | 6.375% | $6,050 | — |
| Nevada | 8 | 6.107% | $6,537 | — |
| Maine | 5 | 6.490% | $4,840 | — |
| New Hampshire | 5 | 5.490% | $2,586 | — |
| New Mexico | 5 | 7.125% | $4,889 | — |
| Idaho | 4 | 6.412% | $5,405 | — |
| Louisiana | 4 | 6.500% | $5,302 | — |
| Montana | 4 | 5.688% | $4,702 | — |
| Rhode Island | 3 | 3.625% | $2,587 | — |
| Wyoming | 3 | 4.250% | $2,589 | — |
| Vermont | 2 | 6.463% | $6,116 | — |
| Wisconsin | 2 | 6.620% | $5,990 | — |
| North Dakota | 1 | 6.875% | $3,662 | — |
| Oregon | 1 | 6.625% | $8,902 | — |
| South Dakota | 1 | 6.490% | $4,370 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,112 | 6.490% | — | 163 | −$1,289 | |
| 2 | $4,481 | 6.500% | — | 162 | −$920 | |
| 3 | $4,766 | 6.490% | — | 239 | −$635 | |
| 4 | $4,824 | 6.490% | — | 346 | −$577 | |
| 5 | $5,451 | 6.375% | — | 135 | +$50 | |
| 6 | $5,514 | 6.475% | — | 288 | +$113 | |
| 7 | $5,634 | 6.275% | — | 130 | +$233 | |
| 8 | $5,640 | 6.375% | — | 107 | +$239 | |
| 9 | $5,656 | 6.475% | — | 309 | +$255 | |
| 10 | $5,793 | 6.490% | — | 133 | +$392 | |
| 11 | $5,970 | 6.375% | — | 202 | +$569 | |
| 12 | $6,080 | 6.490% | — | 104 | +$679 | |
| 13 | $6,161 | 6.490% | — | 127 | +$760 | |
| 14 | $6,586 | 6.490% | — | 267 | +$1,185 | |
| 15 | $6,879 | 6.600% | — | 109 | +$1,478 | |
| 16 | $6,894 | 6.588% | — | 106 | +$1,493 | |
| 17 | $7,233 | 6.490% | — | 213 | +$1,832 | |
| 18 | $7,244 | 6.300% | — | 119 | +$1,843 | |
| 19 | $7,499 | 6.500% | — | 143 | +$2,098 | |
| 20 | $7,993 | 6.490% | — | 111 | +$2,592 |
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.