ARBOR FINANCIAL CREDIT UNION closing costs and rates (2024)
In 2024, ARBOR FINANCIAL CREDIT UNION originated 259 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,642. That is $3,099 below the national median of $6,741. ARBOR FINANCIAL CREDIT UNION is most active in Michigan with 259 originations there.
Purchase Originations
259
Median Total Costs
$3,642
−46.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,280
Median Lender Credits
$11
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 253 | 6.625% | $3,627 | $1,280 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 259 | 6.625% | $3,642 | #65 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,975 | 6.875% | — | 1 | −$667 | |
| 2 | $3,079 | 5.375% | — | 1 | −$563 | |
| 3 | $3,132 | 6.562% | — | 2 | −$510 | |
| 4 | $3,236 | 6.500% | — | 2 | −$406 | |
| 5 | $3,296 | 6.688% | — | 14 | −$346 | |
| 6 | $3,436 | 6.625% | — | 14 | −$206 | |
| 7 | $3,594 | 6.812% | — | 24 | −$48 | |
| 8 | $3,615 | 6.562% | — | 2 | −$27 | |
| 9 | $3,627 | 6.875% | — | 3 | −$15 | |
| 10 | $3,667 | 6.625% | — | 144 | +$25 | |
| 11 | $3,668 | 6.750% | — | 6 | +$26 | |
| 12 | $3,722 | 6.688% | — | 12 | +$80 | |
| 13 | $3,732 | 6.625% | — | 13 | +$90 | |
| 14 | $3,743 | 6.500% | — | 1 | +$101 | |
| 15 | $4,028 | 6.875% | — | 6 | +$386 | |
| 16 | $4,183 | 6.625% | — | 5 | +$541 | |
| 17 | $4,244 | 6.875% | — | 1 | +$602 | |
| 18 | $4,421 | 6.750% | — | 1 | +$779 | |
| 19 | $6,468 | 6.625% | — | 5 | +$2,826 | |
| 20 | $6,534 | 7.125% | — | 1 | +$2,892 |
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.