Several of these are online-only companies that charge lower lenders fees since they do not have physical branches. Though rare, some lenders do not charge origination fees to make their mortgage products more affordable.

We ranked these firms based on their average closing costs in 2020. We’ve also included sample upfront costs based on a $300,000 property.

  1. Supreme Lending
  2. Citibank
  3. PNC Bank
  4. JPMorgan Chase & Co.
  6. Wells Fargo
  7. Gateway Mortgage Group
  8. Guaranteed Rate
  9. Bank of America
  10. Flagstar Bank

1. Supreme Lending

  • Closing cost percentage: 0.64%
  • Sample upfront fees: $1,920

Headquartered in Dallas, Supreme Lending is a direct-to-consumer retail lender that issues home purchase loans and refinances. About 30% of its overall volume comes from Texas, but it is licensed to operate in all 50 states and Washington, D.C.

In addition to conventional and jumbo loans, the lender offers first-time homebuyer programs like Fannie Mae HomeReady, FHA, VA, and USDA loans.

It also has an Educator Mortgage Program that provides up to $1,600 in closing cost credits for teachers, counselors, librarians, nurses, and other qualified professions.