VELOCIO MORTGAGE L.L.C. closing costs and rates (2024)
In 2024, VELOCIO MORTGAGE L.L.C. originated 4,738 purchase mortgages at a median interest rate of 4.99% and median total closing costs of $10,451. That ranks #103 nationally by origination volume. For total closing costs among lenders with 500+ originations, VELOCIO MORTGAGE L.L.C. ranks #569. That is $3,710 above the national median of $6,741. VELOCIO MORTGAGE L.L.C. is most active in Texas with 2,446 originations there.
Purchase Originations
4,738
Ranked #103 nationally
Median Total Costs
$10,451
+55.0% vs national ($6,741)
Median Rate
4.990%
−24.6% vs national (6.620%)
Median Origination
$1,395
Median Lender Credits
$2,910
Cost Rank (500+ vol.)
#569
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| fha | 2,549 | 4.990% | $12,844 | $2,279 |
| conventional | 1,341 | 5.990% | $7,628 | $3,800 |
| va | 745 | 4.990% | $5,199 | $0 |
| usda | 103 | 4.490% | $10,437 | $4,011 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 2,446 | 5.250% | $10,345 | #21 |
| Arizona | 1,227 | 4.990% | $13,309 | #12 |
| North Carolina | 440 | 4.990% | $6,920 | #56 |
| South Carolina | 393 | 4.990% | $8,812 | #39 |
| Florida | 230 | 5.750% | $14,230 | #154 |
| Tennessee | 2 | 5.808% | $5,659 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,488 | 4.990% | — | 59 | −$4,963 | |
| 2 | $6,312 | 5.490% | — | 75 | −$4,139 | |
| 3 | $7,133 | 4.990% | — | 83 | −$3,318 | |
| 4 | $7,454 | 5.625% | — | 87 | −$2,997 | |
| 5 | $8,012 | 4.990% | — | 74 | −$2,439 | |
| 6 | $8,404 | 4.990% | — | 176 | −$2,047 | |
| 7 | $9,196 | 4.990% | — | 207 | −$1,255 | |
| 8 | $9,259 | 5.990% | — | 215 | −$1,192 | |
| 9 | $9,321 | 5.990% | — | 112 | −$1,130 | |
| 10 | $9,734 | 4.990% | — | 109 | −$717 | |
| 11 | $10,646 | 4.990% | — | 603 | +$195 | |
| 12 | $10,821 | 5.875% | — | 204 | +$370 | |
| 13 | $10,919 | 5.990% | — | 228 | +$468 | |
| 14 | $11,036 | 5.750% | — | 105 | +$585 | |
| 15 | $11,297 | 5.990% | — | 58 | +$846 | |
| 16 | $11,303 | 4.990% | — | 354 | +$852 | |
| 17 | $12,056 | 5.990% | — | 55 | +$1,605 | |
| 18 | $13,184 | 4.990% | — | 649 | +$2,733 | |
| 19 | $13,354 | 4.990% | — | 578 | +$2,903 | |
| 20 | $14,785 | 4.990% | — | 125 | +$4,334 |
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.