V.I.P. MORTGAGE, INC. closing costs and rates (2024)
In 2024, V.I.P. MORTGAGE, INC. originated 5,392 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $8,766. That ranks #91 nationally by origination volume. For total closing costs among lenders with 500+ originations, V.I.P. MORTGAGE, INC. ranks #488. That is $2,025 above the national median of $6,741. V.I.P. MORTGAGE, INC. is most active in Arizona with 1,911 originations there.
Purchase Originations
5,392
Ranked #91 nationally
Median Total Costs
$8,766
+30.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,620
Median Lender Credits
$575
Cost Rank (500+ vol.)
#488
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,203 | 6.625% | $6,808 | $3,300 |
| fha | 1,542 | 6.250% | $13,702 | $4,479 |
| va | 588 | 6.250% | $9,700 | $2,871 |
| usda | 59 | 6.490% | $7,430 | $2,010 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Arizona | 1,911 | 6.625% | $8,925 | #10 |
| Colorado | 1,064 | 6.625% | $8,589 | #11 |
| Texas | 873 | 6.250% | $11,020 | #76 |
| Oklahoma | 171 | 6.375% | $8,476 | #48 |
| Wisconsin | 145 | 6.500% | $5,386 | #74 |
| Hawaii | 111 | 6.625% | $10,898 | #16 |
| Pennsylvania | 107 | 6.625% | $6,158 | #154 |
| Indiana | 100 | 6.875% | $4,809 | #126 |
| Washington | 90 | 6.500% | $10,050 | #110 |
| New Mexico | 88 | 6.750% | $8,651 | #42 |
| Iowa | 82 | 6.625% | $4,002 | #70 |
| Oregon | 79 | 6.490% | $9,387 | #80 |
| North Carolina | 70 | 6.875% | $5,823 | #172 |
| California | 57 | 6.625% | $8,459 | #253 |
| Nevada | 57 | 6.500% | $8,889 | #92 |
| Ohio | 47 | 6.625% | $7,197 | — |
| Connecticut | 40 | 6.433% | $5,736 | — |
| Florida | 39 | 6.625% | $7,902 | — |
| Tennessee | 37 | 6.500% | $9,858 | — |
| Louisiana | 34 | 6.625% | $9,819 | — |
| Nebraska | 25 | 6.375% | $8,148 | — |
| North Dakota | 23 | 6.500% | $8,847 | — |
| Minnesota | 21 | 6.250% | $7,850 | — |
| Virginia | 19 | 6.625% | $8,798 | — |
| South Carolina | 15 | 6.500% | $8,107 | — |
| Illinois | 10 | 6.625% | $7,359 | — |
| Michigan | 10 | 6.625% | $7,190 | — |
| Georgia | 8 | 6.625% | $8,345 | — |
| Montana | 8 | 6.995% | $6,481 | — |
| Alabama | 7 | 6.250% | $9,542 | — |
| Kansas | 7 | 6.990% | $3,725 | — |
| New Jersey | 6 | 6.933% | $9,322 | — |
| Kentucky | 5 | 6.490% | $5,360 | — |
| Utah | 5 | 6.490% | $13,187 | — |
| Wyoming | 5 | 6.125% | $8,881 | — |
| Arkansas | 4 | 6.812% | $3,651 | — |
| Idaho | 4 | 6.124% | $5,282 | — |
| Maryland | 4 | 6.625% | $7,172 | — |
| South Dakota | 4 | 7.062% | $2,987 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,068 | 6.990% | — | 57 | −$3,698 | |
| 2 | $7,427 | 6.375% | — | 54 | −$1,339 | |
| 3 | $7,483 | 6.625% | — | 134 | −$1,283 | |
| 4 | $7,688 | 6.750% | — | 79 | −$1,078 | |
| 5 | $7,953 | 6.625% | — | 192 | −$813 | |
| 6 | $8,034 | 6.625% | — | 52 | −$732 | |
| 7 | $8,432 | 6.750% | — | 423 | −$334 | |
| 8 | $8,598 | 6.750% | — | 71 | −$168 | |
| 9 | $8,649 | 6.624% | — | 109 | −$117 | |
| 10 | $8,890 | 6.625% | — | 151 | +$124 | |
| 11 | $8,905 | 6.500% | — | 55 | +$139 | |
| 12 | $9,075 | 6.625% | — | 1,148 | +$309 | |
| 13 | $9,349 | 6.625% | — | 161 | +$583 | |
| 14 | $10,185 | 6.750% | — | 73 | +$1,419 | |
| 15 | $10,632 | 6.250% | — | 126 | +$1,866 | |
| 16 | $10,635 | 6.624% | — | 170 | +$1,869 | |
| 17 | $11,226 | 6.125% | — | 204 | +$2,460 | |
| 18 | $11,381 | 6.500% | — | 101 | +$2,615 | |
| 19 | $11,679 | 6.125% | — | 83 | +$2,913 | |
| 20 | $12,793 | 6.125% | — | 86 | +$4,027 |
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.