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A Peek Inside Successful Lending Shops

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around the u.s. ANALYTICS Third-party fees Total Alabama $1,721 $627 $2,348 Alaska $1,925 $750 $2,675 Arizona $1,752 $621 $2,372 Arkansas $1,782 $614 $2,396 California $1,977 $662 $2,639 Colorado $1,758 $625 $2,383 Connecticut $1,757 $680 $2,436 Delaware $1,742 $760 $2,502 District of Columbia $1,826 $623 $2,449 Florida $1,798 $719 $2,517 Georgia $1,816 $674 $2,490 Hawaii $1,970 $949 $2,919 Idaho $1,767 $641 $2,407 $2,238 $1,591 $647 Indiana $1,732 $656 $2,387 Iowa $1,757 $647 $2,403 Kansas $1,558 $635 $2,193 Kentucky $1,732 $649 $2,381 Louisiana $1,782 $662 $2,443 Maine $1,761 $647 $2,408 Maryland $1,816 $624 $2,441 Massachusetts $1,601 $699 a na ly t ic s Illinois s e r v ic i ng According to Bankrate.com, mortgage closing costs have jumped about 6 percent so far in 2013, with the national average climbing to $2,400. Where does your state rank? Lender's origination fees Or ig i nat ion The Cost of Doing Business State $2,300 $2,203 $1,591 $611 Minnesota $1,641 $612 $2,253 Mississippi $1,682 $639 $2,320 Missouri $1,542 $646 $2,188 Montana $1,767 $680 $2,446 Nebraska $1,656 $689 $2,345 Nevada $1,642 $704 $2,346 New Hampshire $1,576 $676 $2,252 New Jersey $1,804 $741 $2,545 New Mexico $1,807 $760 $2,566 New York $1,504 $827 $2,331 North Carolina $1,840 $718 $2,558 North Dakota $1,797 $663 $2,460 Ohio $1,803 $693 $2,496 Oklahoma $1,919 $600 $2,519 Oregon $1,707 $663 $2,370 Pennsylvania $1,920 $540 $2,460 Rhode Island $1,686 $660 $2,347 South Carolina $1,935 $723 $2,658 $2,349 South Dakota $1,732 $617 Tennessee $1,806 $631 $2,437 Texas $1,690 $778 $2,468 Utah $1,663 $653 $2,316 Vermont $1,578 $667 se c on da r y m a r k e t Michigan $2,245 Virginia $1,718 $650 $2,369 Washington $1,603 $605 $2,208 West Virginia $1,578 $705 $2,283 Wisconsin $1,438 $682 $2,119 Wyoming $1,678 $623 $2,301 *Source: Bankrate. Based on good faith estimates for a $200,000 mortgage loan for up to 10 lenders in each state. The hypothetical loan was for purchase of a single-family home in each state's largest city with excellent credit and a 20 percent down payment. The M Report | 51

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