VANDERBILT MORTGAGE AND FINANCE, INC. closing costs and rates (2024)
In 2024, VANDERBILT MORTGAGE AND FINANCE, INC. originated 10,565 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,999. That ranks #43 nationally by origination volume. For total closing costs among lenders with 500+ originations, VANDERBILT MORTGAGE AND FINANCE, INC. ranks #365. That is $258 above the national median of $6,741. VANDERBILT MORTGAGE AND FINANCE, INC. is most active in Georgia with 1,734 originations there.
Purchase Originations
10,565
Ranked #43 nationally
Median Total Costs
$6,999
+3.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,193
Median Lender Credits
$150
Cost Rank (500+ vol.)
#365
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 7,226 | 7.750% | $6,007 | $3,540 |
| fha | 2,247 | 5.750% | $11,411 | $3,125 |
| va | 1,033 | 5.750% | $5,955 | $0 |
| usda | 59 | 5.750% | $7,120 | $2,713 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Georgia | 1,734 | 6.490% | $7,902 | #13 |
| South Carolina | 1,550 | 6.250% | $5,949 | #8 |
| Indiana | 1,237 | 5.875% | $8,554 | #10 |
| North Carolina | 1,193 | 6.990% | $7,265 | #25 |
| Tennessee | 1,009 | 7.375% | $6,729 | #15 |
| Florida | 772 | 5.625% | $8,375 | #59 |
| Alabama | 682 | 6.875% | $6,617 | #16 |
| Kentucky | 544 | 8.500% | $6,346 | #17 |
| Virginia | 292 | 8.500% | $6,876 | #65 |
| Ohio | 290 | 6.625% | $7,295 | #74 |
| Texas | 261 | 8.750% | $7,218 | #171 |
| Missouri | 150 | 6.990% | $4,854 | #71 |
| Louisiana | 143 | 9.250% | $6,025 | #44 |
| West Virginia | 136 | 8.990% | $6,758 | #27 |
| Arkansas | 122 | 8.995% | $6,538 | #56 |
| Oklahoma | 85 | 8.750% | $5,772 | #78 |
| Mississippi | 80 | 9.500% | $5,978 | #54 |
| Kansas | 60 | 6.750% | $3,896 | #93 |
| Illinois | 51 | 8.990% | $5,683 | #191 |
| Arizona | 36 | 7.990% | $6,983 | — |
| New Mexico | 33 | 8.500% | $6,608 | — |
| Idaho | 18 | 6.688% | $4,967 | — |
| Colorado | 15 | 7.750% | $4,353 | — |
| Pennsylvania | 15 | 8.500% | $5,952 | — |
| California | 9 | 7.990% | $8,296 | — |
| Nevada | 8 | 9.125% | $8,519 | — |
| Michigan | 7 | 6.490% | $2,810 | — |
| New Jersey | 6 | 6.058% | $4,945 | — |
| Maryland | 5 | 9.000% | $6,813 | — |
| Montana | 3 | 5.875% | $4,662 | — |
| Oregon | 3 | 7.750% | $4,372 | — |
| Utah | 3 | 9.000% | $5,876 | — |
| Wyoming | 3 | 9.250% | $7,317 | — |
| Connecticut | 2 | 5.875% | $4,345 | — |
| Delaware | 2 | 9.245% | $8,055 | — |
| Minnesota | 2 | 6.995% | $3,546 | — |
| Washington | 2 | 8.540% | $2,495 | — |
| Iowa | 1 | 5.875% | $2,548 | — |
| New Hampshire | 1 | 6.625% | $3,464 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,244 | 6.375% | — | 190 | −$1,755 | |
| 2 | $6,137 | 6.625% | — | 146 | −$862 | |
| 3 | $6,556 | 6.250% | — | 259 | −$443 | |
| 4 | $7,204 | 5.875% | — | 170 | +$205 | |
| 5 | $7,468 | 6.125% | — | 134 | +$469 | |
| 6 | $7,558 | 6.490% | — | 126 | +$559 | |
| 7 | $7,558 | 6.125% | — | 126 | +$559 | |
| 8 | $7,727 | 5.990% | — | 185 | +$728 | |
| 9 | $7,767 | 6.625% | — | 118 | +$768 | |
| 10 | $7,895 | 5.875% | — | 177 | +$896 | |
| 11 | $8,190 | 6.500% | — | 150 | +$1,191 | |
| 12 | $8,227 | 5.750% | — | 178 | +$1,228 | |
| 13 | $8,696 | 5.750% | — | 226 | +$1,697 | |
| 14 | $8,966 | 5.490% | — | 262 | +$1,967 | |
| 15 | $9,378 | 5.750% | — | 132 | +$2,379 | |
| 16 | $9,399 | 6.125% | — | 110 | +$2,400 | |
| 17 | $9,426 | 5.750% | — | 167 | +$2,427 | |
| 18 | $9,722 | 6.125% | — | 254 | +$2,723 | |
| 19 | $9,850 | 5.933% | — | 172 | +$2,851 | |
| 20 | $10,545 | 5.875% | — | 150 | +$3,546 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.