VILLAGE BANK MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, VILLAGE BANK MORTGAGE CORPORATION originated 263 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,612. That is $2,129 below the national median of $6,741. VILLAGE BANK MORTGAGE CORPORATION is most active in Virginia with 261 originations there.
Purchase Originations
263
Median Total Costs
$4,612
−31.6% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,350
Median Lender Credits
$693
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 189 | 6.625% | $4,077 | $1,350 |
| fha | 53 | 6.625% | $7,542 | $443 |
| va | 20 | 6.438% | $4,659 | $1,006 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 261 | 6.625% | $4,623 | #71 |
| North Carolina | 2 | 6.500% | $2,928 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $433 | 5.875% | — | 2 | −$4,179 | |
| 2 | $2,707 | 6.562% | — | 6 | −$1,905 | |
| 3 | $3,333 | 6.750% | — | 2 | −$1,279 | |
| 4 | $3,904 | 6.750% | — | 2 | −$708 | |
| 5 | $4,063 | 5.062% | — | 2 | −$549 | |
| 6 | $4,208 | 6.625% | — | 75 | −$404 | |
| 7 | $4,490 | 6.625% | — | 3 | −$122 | |
| 8 | $4,651 | 6.438% | — | 2 | +$39 | |
| 9 | $4,654 | 6.625% | — | 59 | +$42 | |
| 10 | $4,700 | 6.500% | — | 33 | +$88 | |
| 11 | $4,842 | 6.750% | — | 16 | +$230 | |
| 12 | $4,849 | 6.375% | — | 5 | +$237 | |
| 13 | $5,177 | 6.438% | — | 2 | +$565 | |
| 14 | $5,302 | 6.500% | — | 10 | +$690 | |
| 15 | $5,329 | 6.000% | — | 2 | +$717 | |
| 16 | $5,342 | 6.250% | — | 7 | +$730 | |
| 17 | $5,501 | 6.812% | — | 4 | +$889 | |
| 18 | $5,597 | 6.750% | — | 3 | +$985 | |
| 19 | $7,224 | 6.750% | — | 3 | +$2,612 | |
| 20 | $12,260 | 6.125% | — | 3 | +$7,648 |
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.