WATERSTONE MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, WATERSTONE MORTGAGE CORPORATION originated 5,757 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $8,778. That ranks #82 nationally by origination volume. For total closing costs among lenders with 500+ originations, WATERSTONE MORTGAGE CORPORATION ranks #490. That is $2,037 above the national median of $6,741. WATERSTONE MORTGAGE CORPORATION is most active in New Mexico with 1,444 originations there.
Purchase Originations
5,757
Ranked #82 nationally
Median Total Costs
$8,778
+30.2% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$3,852
Median Lender Credits
$65
Cost Rank (500+ vol.)
#490
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 3,418 | 6.875% | $6,833 | $3,794 |
| fha | 1,746 | 6.625% | $11,786 | $3,848 |
| va | 536 | 6.625% | $10,603 | $4,292 |
| usda | 57 | 6.375% | $7,704 | $3,655 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New Mexico | 1,444 | 6.625% | $8,085 | #1 |
| Florida | 1,197 | 6.750% | $10,034 | #40 |
| Texas | 455 | 6.625% | $10,027 | #127 |
| Arizona | 330 | 6.500% | $11,684 | #54 |
| Wisconsin | 307 | 6.750% | $6,051 | #39 |
| Oklahoma | 294 | 6.625% | $8,825 | #28 |
| Virginia | 269 | 6.750% | $8,275 | #69 |
| Idaho | 158 | 6.500% | $11,038 | #31 |
| Missouri | 150 | 6.625% | $6,334 | #73 |
| Illinois | 106 | 6.990% | $8,331 | #140 |
| Maryland | 100 | 6.625% | $12,873 | #100 |
| Minnesota | 100 | 6.875% | $9,150 | #88 |
| Kansas | 88 | 6.990% | $4,922 | #75 |
| Iowa | 80 | 6.625% | $6,790 | #71 |
| South Carolina | 79 | 6.875% | $6,676 | #135 |
| New Hampshire | 53 | 7.000% | $5,999 | #44 |
| Delaware | 44 | 6.625% | $12,469 | — |
| Rhode Island | 43 | 6.500% | $12,069 | — |
| Michigan | 42 | 6.990% | $4,883 | — |
| Tennessee | 39 | 6.750% | $8,731 | — |
| Ohio | 34 | 7.125% | $7,535 | — |
| Massachusetts | 33 | 7.125% | $11,367 | — |
| Connecticut | 32 | 6.750% | $8,460 | — |
| Pennsylvania | 32 | 6.750% | $9,869 | — |
| West Virginia | 29 | 6.750% | $7,203 | — |
| Georgia | 27 | 6.625% | $9,324 | — |
| California | 24 | 6.812% | $11,906 | — |
| North Carolina | 24 | 6.625% | $11,814 | — |
| Indiana | 21 | 6.990% | $6,417 | — |
| New Jersey | 21 | 6.625% | $9,991 | — |
| Colorado | 16 | 7.250% | $12,990 | — |
| Alabama | 15 | 7.125% | $6,477 | — |
| Washington | 14 | 6.625% | $11,163 | — |
| Kentucky | 13 | 6.500% | $6,774 | — |
| Maine | 8 | 7.125% | $5,227 | — |
| Oregon | 7 | 6.625% | $11,663 | — |
| Utah | 6 | 6.625% | $8,447 | — |
| Nevada | 5 | 6.875% | $10,897 | — |
| Vermont | 3 | 6.875% | $7,105 | — |
| Alaska | 2 | 6.370% | $12,922 | — |
| Arkansas | 2 | 8.000% | $7,379 | — |
| Louisiana | 2 | 6.625% | $7,796 | — |
| Mississippi | 2 | 6.875% | $4,942 | — |
| North Dakota | 2 | 7.062% | $11,805 | — |
| Nebraska | 2 | 6.990% | $6,071 | — |
| District of Columbia | 1 | 7.125% | $22,193 | — |
| Montana | 1 | 6.990% | $18,370 | — |
| South Dakota | 1 | 5.750% | $20,955 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $6,044 | 6.500% | — | 86 | −$2,734 | |
| 2 | $7,723 | 6.625% | — | 712 | −$1,055 | |
| 3 | $7,838 | 6.875% | — | 93 | −$940 | |
| 4 | $7,933 | 6.625% | — | 74 | −$845 | |
| 5 | $8,417 | 6.688% | — | 84 | −$361 | |
| 6 | $8,527 | 6.375% | — | 112 | −$251 | |
| 7 | $8,573 | 6.875% | — | 66 | −$205 | |
| 8 | $8,751 | 6.625% | — | 158 | −$27 | |
| 9 | $9,188 | 6.625% | — | 70 | +$410 | |
| 10 | $9,236 | 6.625% | — | 159 | +$458 | |
| 11 | $9,352 | 6.625% | — | 197 | +$574 | |
| 12 | $9,565 | 6.750% | — | 75 | +$787 | |
| 13 | $9,728 | 6.500% | — | 90 | +$950 | |
| 14 | $9,914 | 6.750% | — | 242 | +$1,136 | |
| 15 | $10,381 | 6.750% | — | 68 | +$1,603 | |
| 16 | $11,104 | 6.625% | — | 243 | +$2,326 | |
| 17 | $11,182 | 6.500% | — | 68 | +$2,404 | |
| 18 | $11,259 | 7.125% | — | 74 | +$2,481 | |
| 19 | $11,484 | 6.500% | — | 68 | +$2,706 | |
| 20 | $13,642 | 6.625% | — | 77 | +$4,864 |
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.