Grade C · 1% of disclosures flagged for junk fees
Bank · Maryland · NMLS #449456
Avg Closing Costs
$7,763
median across reports
vs. National Average
129%
above national avg
Avg Origination Charge
$4,099
Section A lender fee
Reports with Junk Fees
1%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| Origination Fee | $4,099 | $1,584 | 🔺 High |
| discount_points | $3,805 | $2,242 | 🔺 High |
| Title Insurance | $3,258 | $3,111 | 🟡 Average |
| Underwriting Fee | $1,551 | $1,473 | 🟡 Average |
| lender_credits | $1,292 | $428 | 🔺 High |
| Appraisal | $1,112 | $1,081 | 🟡 Average |
| Settlement/Closing Fee | $1,033 | $986 | 🟡 Average |
| Processing Fee | $809 | $790 | 🟡 Average |
| Title Search | $412 | $392 | 🟡 Average |
| Recording Fee | $356 | $344 | 🟡 Average |
| Rate Lock Fee | $350 | $376 | 🟡 Average |
| Document Preparation | $156 | $147 | 🟡 Average |
| Tax Service Fee | $135 | $128 | 🟡 Average |
| Credit Report | $73 | $69 | 🟡 Average |
| Wire Transfer Fee | $73 | $69 | 🟡 Average |
| Courier/Delivery | $62 | $58 | 🟡 Average |
| Flood Certification | $25 | $23 | 🟡 Average |
Got a Loan Estimate from Presidential Bank Mortgage? See if your rate and fees are competitive.
Check My Loan Estimate — $19NFM Lending
Mortgage Company · MD
CrossCountry Mortgage
Mortgage Company · OH
DHI Mortgage Company, LTD.
Mortgage Company
Rocket Mortgage
Mortgage Company · MI
Pennymac
Mortgage Company · CA
Based on 2,984 homebuyer-submitted Closing Disclosures, Presidential Bank Mortgage's median total closing costs are $7,763. This is about 129% above the $3,383 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
Are Closing Costs Negotiable?
Which fees you can push back on and how to do it.
What Are Junk Fees on a Mortgage?
Spot the charges that pad lender profits.
How to Read Your Closing Disclosure
Page-by-page walkthrough of the 5-page form.
Average Closing Costs by State
Benchmark your costs against the state average.
Closing Costs in Maryland
State-specific benchmarks for Maryland.
Got a Loan Estimate from Presidential Bank Mortgage?
Upload your Loan Estimate and Fair Loan Check flags inflated fees, benchmarks your rate, and gives you a ready-to-send negotiation email — in about 60 seconds.
Compare Presidential Bank Mortgage with another lender
See how closing costs compare side-by-side
Aggregates from Presidential Bank, FSB's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
2,363
Ranked #194 nationally
Median Total Costs
$8,185
+22.5% vs national ($6,680)
Median Rate
6.625%
+2.1% vs national (6.490%)
Median Origination
$2,492
Median Lender Credits
$590
Cost Rank (500+ vol.)
#453
among lenders with 500+ originations
Denial Rate
5.3%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,217 | 6.750% | $6,661 | $3,055 |
| fha | 600 | 6.500% | $11,972 | $3,512 |
| va | 491 | 6.375% | $7,167 | $560 |
| usda | 55 | 6.250% | $7,788 | $1,990 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 644 | 6.625% | $7,694 | #32 |
| Georgia | 548 | 6.490% | $9,905 | #45 |
| Maryland | 314 | 6.625% | $8,946 | #46 |
| North Carolina | 161 | 6.625% | $7,247 | #119 |
| Florida | 113 | 6.625% | $7,167 | #217 |
| South Carolina | 92 | 6.500% | $7,286 | #125 |
| Tennessee | 73 | 6.625% | $7,220 | #147 |
| Alabama | 59 | 6.625% | $5,452 | #124 |
| New York | 43 | 6.625% | $9,511 | — |
| North Dakota | 42 | 6.995% | $8,943 | — |
| Pennsylvania | 32 | 6.750% | $6,133 | — |
| New Jersey | 31 | 6.625% | $8,427 | — |
| Illinois | 27 | 6.875% | $6,857 | — |
| Connecticut | 21 | 6.375% | $8,958 | — |
| Texas | 17 | 6.500% | $6,969 | — |
| Washington | 13 | 6.625% | $8,589 | — |
| Missouri | 12 | 6.500% | $6,574 | — |
| West Virginia | 12 | 6.495% | $8,627 | — |
| District of Columbia | 11 | 6.625% | $6,739 | — |
| Massachusetts | 11 | 6.250% | $13,582 | — |
| Utah | 11 | 6.625% | $12,940 | — |
| Arizona | 8 | 6.625% | $8,310 | — |
| California | 6 | 6.500% | $18,808 | — |
| Kansas | 6 | 6.562% | $8,892 | — |
| Kentucky | 6 | 6.375% | $7,086 | — |
| Oregon | 6 | 6.375% | $14,630 | — |
| Colorado | 5 | 6.625% | $10,446 | — |
| Delaware | 5 | 6.625% | $5,084 | — |
| Maine | 4 | 6.438% | $5,974 | — |
| Michigan | 4 | 6.562% | $7,694 | — |
| Mississippi | 4 | 6.370% | $4,982 | — |
| Indiana | 3 | 6.625% | $3,786 | — |
| Montana | 3 | 6.875% | $11,360 | — |
| Ohio | 3 | 6.000% | $4,678 | — |
| Hawaii | 2 | 7.000% | $11,012 | — |
| Idaho | 2 | 6.062% | $7,600 | — |
| New Hampshire | 2 | 6.438% | $17,306 | — |
| Alaska | 1 | 6.625% | $12,919 | — |
| Iowa | 1 | 7.125% | $2,999 | — |
| New Mexico | 1 | 6.125% | $4,068 | — |
| Oklahoma | 1 | 6.750% | $8,612 | — |
| Rhode Island | 1 | 6.625% | $4,940 | — |
| Vermont | 1 | 6.250% | $6,829 | — |
| Wisconsin | 1 | 6.625% | $4,814 | — |
| This lender | Virginia median | National median | |
|---|---|---|---|
| Total Closing Costs | $7,694 | $6,860 | $6,680 |
| Interest Rate | 6.625% | 6.450% | 6.490% |
| Originations in state | 644 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Presidential Bank, FSB | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $335,000 | $335,000 | +$0 (+0.0%) |
| Median total closing costs | $8,185 | $7,127 | +$1,058 (+14.8%) |