Wells Fargo Bank, National Association closing costs and rates (2024)
In 2024, Wells Fargo Bank, National Association originated 21,310 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $6,204. That ranks #19 nationally by origination volume. For total closing costs among lenders with 500+ originations, Wells Fargo Bank, National Association ranks #294. That is $537 below the national median of $6,741. Wells Fargo Bank, National Association is most active in California with 4,644 originations there.
Purchase Originations
21,310
Ranked #19 nationally
Median Total Costs
$6,204
−8.0% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$2,295
Median Lender Credits
$719
Cost Rank (500+ vol.)
#294
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 20,311 | 6.375% | $6,168 | $2,308 |
| va | 621 | 6.125% | $6,011 | $1,084 |
| fha | 378 | 6.125% | $11,198 | $2,255 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| California | 4,644 | 6.125% | $8,122 | #8 |
| New York | 1,956 | 6.250% | $8,394 | #9 |
| Florida | 1,457 | 6.375% | $6,397 | #32 |
| North Carolina | 1,383 | 6.500% | $4,893 | #18 |
| Texas | 1,290 | 6.375% | $5,948 | #52 |
| New Jersey | 969 | 6.375% | $7,073 | #15 |
| Washington | 889 | 6.250% | $6,425 | #21 |
| Pennsylvania | 802 | 6.375% | $5,462 | #28 |
| Minnesota | 778 | 6.500% | $4,134 | #13 |
| Georgia | 740 | 6.250% | $5,079 | #39 |
| Virginia | 670 | 6.375% | $4,994 | #30 |
| South Carolina | 482 | 6.500% | $4,811 | #30 |
| Illinois | 413 | 6.500% | $5,712 | #56 |
| Arizona | 407 | 6.500% | $5,887 | #46 |
| Iowa | 355 | 6.375% | $3,357 | #20 |
| Wisconsin | 312 | 6.625% | $3,830 | #38 |
| Maryland | 308 | 6.375% | $5,125 | #51 |
| Colorado | 281 | 6.500% | $4,431 | #60 |
| Alabama | 257 | 6.375% | $4,483 | #46 |
| Tennessee | 256 | 6.375% | $5,643 | #58 |
| Oregon | 230 | 6.500% | $6,448 | #37 |
| Nevada | 202 | 6.375% | $5,420 | #33 |
| Missouri | 169 | 6.375% | $4,177 | #63 |
| Ohio | 153 | 6.250% | $4,603 | #108 |
| Massachusetts | 142 | 6.375% | $6,001 | #71 |
| New Mexico | 139 | 6.500% | $5,235 | #29 |
| Indiana | 131 | 6.500% | $3,470 | #105 |
| Nebraska | 127 | 6.500% | $3,902 | #34 |
| Michigan | 121 | 6.250% | $4,048 | #101 |
| Connecticut | 100 | 6.500% | $6,130 | #51 |
| Kansas | 94 | 6.375% | $3,645 | #69 |
| Arkansas | 91 | 6.375% | $4,232 | #67 |
| Kentucky | 89 | 6.375% | $4,442 | #90 |
| Utah | 82 | 6.375% | $5,300 | #62 |
| Oklahoma | 77 | 6.375% | $5,128 | #83 |
| South Dakota | 77 | 6.500% | $3,751 | #25 |
| Delaware | 75 | 6.500% | $5,019 | #33 |
| District of Columbia | 71 | 6.375% | $6,804 | #21 |
| Mississippi | 70 | 6.375% | $4,239 | #55 |
| Alaska | 61 | 6.500% | $5,080 | #21 |
| Idaho | 56 | 6.375% | $6,037 | #64 |
| Louisiana | 56 | 6.375% | $4,530 | #76 |
| Montana | 55 | 6.375% | $4,521 | #33 |
| West Virginia | 51 | 6.375% | $4,650 | #50 |
| Wyoming | 36 | 6.750% | $4,041 | — |
| North Dakota | 32 | 6.375% | $3,940 | — |
| Maine | 20 | 6.500% | $4,360 | — |
| Hawaii | 19 | 6.500% | $6,870 | — |
| New Hampshire | 17 | 6.625% | $4,653 | — |
| Vermont | 11 | 6.375% | $5,482 | — |
| Rhode Island | 7 | 6.500% | $5,212 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,271 | 6.500% | — | 206 | −$1,933 | |
| 2 | $5,163 | 6.500% | — | 344 | −$1,041 | |
| 3 | $5,975 | 6.375% | — | 181 | −$229 | |
| 4 | $6,023 | 6.500% | — | 158 | −$181 | |
| 5 | $6,323 | 6.375% | — | 273 | +$119 | |
| 6 | $6,618 | 6.000% | — | 1,226 | +$414 | |
| 7 | $6,725 | 6.125% | — | 581 | +$521 | |
| 8 | $7,080 | 6.375% | — | 155 | +$876 | |
| 9 | $7,119 | 6.125% | — | 533 | +$915 | |
| 10 | $8,233 | 6.250% | — | 471 | +$2,029 | |
| 11 | $8,329 | 6.250% | — | 261 | +$2,125 | |
| 12 | $8,567 | 6.250% | — | 265 | +$2,363 | |
| 13 | $8,660 | 6.312% | — | 166 | +$2,456 | |
| 14 | $8,921 | 6.125% | — | 377 | +$2,717 | |
| 15 | $9,324 | 6.250% | — | 322 | +$3,120 | |
| 16 | $9,576 | 6.125% | — | 307 | +$3,372 | |
| 17 | $9,680 | 6.312% | — | 302 | +$3,476 | |
| 18 | $9,830 | 6.250% | — | 228 | +$3,626 | |
| 19 | $10,143 | 6.250% | — | 286 | +$3,939 | |
| 20 | $11,070 | 6.125% | — | 640 | +$4,866 |
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.