Some of these are online-only companies that charge lower lender fees because they don’t have physical branches. Although rare, some lenders do not charge any subscription fees to make their mortgage products more affordable.
We ranked these firms based on their average closing costs in 2020. We also included exemplary upfront costs based on a $ 300,000 property.
- Highest lending
- PNC bank
- JPMorgan Chase & Co.
- Wells Fargo
- Gateway Mortgage Group
- Guaranteed price
- Bank of America
- Flagstar Bank
1. Highest lending
- Closing cost percentage: 0.64%
- Example of upfront fees: $ 1,920
Headquartered in Dallas, Supreme Lending is a residential lender providing home loans and refinancing. About 30% of the total volume comes from Texas, but it is approved for operation in all 50 states and Washington, DC
In addition to conventional and jumbo loans, the lender offers first-time homebuyer programs such as Fannie Mae HomeReady, FHA, VA, and USDA loans.
It also has an educator mortgage program that provides up to $ 1,600 in graduation credits for teachers, counselors, librarians, nurses, and other skilled professions.