University Bank closing costs and rates (2024)
In 2024, University Bank originated 1,233 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $5,926. That ranks #314 nationally by origination volume. For total closing costs among lenders with 500+ originations, University Bank ranks #278. That is $815 below the national median of $6,741. University Bank is most active in Florida with 680 originations there.
Purchase Originations
1,233
Ranked #314 nationally
Median Total Costs
$5,926
−12.1% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,695
Median Lender Credits
$448
Cost Rank (500+ vol.)
#278
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 630 | 6.875% | $4,781 | $1,909 |
| va | 317 | 6.125% | $6,342 | $570 |
| fha | 239 | 6.250% | $10,017 | $2,037 |
| usda | 47 | 6.250% | $5,091 | $1,565 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 680 | 6.250% | $7,355 | #69 |
| Indiana | 258 | 6.375% | $5,213 | #67 |
| Michigan | 243 | 6.990% | $4,084 | #69 |
| Alabama | 9 | 6.625% | $5,307 | — |
| Georgia | 9 | 6.500% | $7,462 | — |
| California | 8 | 6.990% | $8,078 | — |
| Illinois | 6 | 6.688% | $8,096 | — |
| Tennessee | 5 | 7.625% | $4,907 | — |
| Kentucky | 2 | 6.812% | $9,067 | — |
| North Carolina | 2 | 6.870% | $6,086 | — |
| South Carolina | 2 | 6.875% | $4,629 | — |
| Texas | 2 | 7.500% | $7,396 | — |
| Virginia | 2 | 7.188% | $4,761 | — |
| Arkansas | 1 | 7.125% | $3,398 | — |
| Arizona | 1 | 5.750% | $16,008 | — |
| Kansas | 1 | 6.990% | $3,366 | — |
| Maryland | 1 | 6.125% | $17,078 | — |
| Mississippi | 1 | 6.990% | $4,903 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,504 | 6.812% | — | 6 | −$2,422 | |
| 2 | $3,568 | 7.500% | — | 6 | −$2,358 | |
| 3 | $3,946 | 7.125% | — | 30 | −$1,980 | |
| 4 | $3,952 | 7.625% | — | 11 | −$1,974 | |
| 5 | $4,078 | 6.875% | — | 103 | −$1,848 | |
| 6 | $4,525 | 6.990% | — | 31 | −$1,401 | |
| 7 | $4,668 | 6.875% | — | 19 | −$1,258 | |
| 8 | $4,875 | 6.375% | — | 82 | −$1,051 | |
| 9 | $5,292 | 6.990% | — | 15 | −$634 | |
| 10 | $5,587 | 6.250% | — | 119 | −$339 | |
| 11 | $6,717 | 6.250% | — | 14 | +$791 | |
| 12 | $7,038 | 6.125% | — | 125 | +$1,112 | |
| 13 | $7,050 | 6.000% | — | 35 | +$1,124 | |
| 14 | $7,272 | 6.500% | — | 64 | +$1,346 | |
| 15 | $7,380 | 6.500% | — | 138 | +$1,454 | |
| 16 | $7,449 | 6.250% | — | 186 | +$1,523 | |
| 17 | $7,696 | 5.500% | — | 6 | +$1,770 | |
| 18 | $7,738 | 6.250% | — | 102 | +$1,812 | |
| 19 | $8,056 | 6.125% | — | 14 | +$2,130 | |
| 20 | $8,078 | 6.990% | — | 6 | +$2,152 |
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.