Vellum Mortgage, Inc. closing costs and rates (2024)
In 2024, Vellum Mortgage, Inc. originated 1,235 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $7,281. That ranks #313 nationally by origination volume. For total closing costs among lenders with 500+ originations, Vellum Mortgage, Inc. ranks #388. That is $540 above the national median of $6,741. Vellum Mortgage, Inc. is most active in Maryland with 440 originations there.
Purchase Originations
1,235
Ranked #313 nationally
Median Total Costs
$7,281
+8.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,475
Median Lender Credits
$120
Cost Rank (500+ vol.)
#388
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 862 | 6.750% | $6,176 | $1,475 |
| fha | 254 | 6.625% | $14,485 | $3,934 |
| va | 117 | 6.250% | $12,906 | $1,395 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 440 | 6.625% | $8,239 | #37 |
| Virginia | 322 | 6.624% | $8,283 | #58 |
| California | 288 | 6.750% | $6,355 | #116 |
| District of Columbia | 102 | 6.625% | $7,651 | #12 |
| Texas | 33 | 6.625% | $6,681 | — |
| Florida | 17 | 6.875% | $7,219 | — |
| West Virginia | 10 | 6.500% | $9,023 | — |
| New Jersey | 4 | 6.625% | $6,770 | — |
| Tennessee | 4 | 6.490% | $6,217 | — |
| Oregon | 3 | 6.750% | $5,381 | — |
| South Carolina | 3 | 6.750% | $4,704 | — |
| Arizona | 2 | 6.812% | $4,965 | — |
| Idaho | 2 | 6.495% | $8,670 | — |
| North Carolina | 2 | 6.749% | $4,096 | — |
| Pennsylvania | 2 | 6.500% | $6,454 | — |
| Massachusetts | 1 | 5.990% | $4,137 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,655 | 6.562% | — | 14 | −$2,626 | |
| 2 | $5,072 | 6.750% | — | 20 | −$2,209 | |
| 3 | $6,219 | 6.875% | — | 110 | −$1,062 | |
| 4 | $6,386 | 6.490% | — | 15 | −$895 | |
| 5 | $6,503 | 6.625% | — | 111 | −$778 | |
| 6 | $6,776 | 6.625% | — | 98 | −$505 | |
| 7 | $6,804 | 6.625% | — | 30 | −$477 | |
| 8 | $7,036 | 6.750% | — | 31 | −$245 | |
| 9 | $7,417 | 6.624% | — | 76 | +$136 | |
| 10 | $7,651 | 6.625% | — | 102 | +$370 | |
| 11 | $8,482 | 6.500% | — | 14 | +$1,201 | |
| 12 | $8,623 | 6.500% | — | 68 | +$1,342 | |
| 13 | $8,644 | 6.750% | — | 37 | +$1,363 | |
| 14 | $8,858 | 6.625% | — | 19 | +$1,577 | |
| 15 | $9,222 | 6.625% | — | 43 | +$1,941 | |
| 16 | $9,982 | 6.625% | — | 109 | +$2,701 | |
| 17 | $10,199 | 6.625% | — | 17 | +$2,918 | |
| 18 | $10,237 | 6.625% | — | 16 | +$2,956 | |
| 19 | $10,398 | 6.625% | — | 17 | +$3,117 | |
| 20 | $10,656 | 6.625% | — | 32 | +$3,375 |
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.