Armed Forces Bank, National Association closing costs and rates (2024)
In 2024, Armed Forces Bank, National Association originated 885 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $6,728. That ranks #408 nationally by origination volume. For total closing costs among lenders with 500+ originations, Armed Forces Bank, National Association ranks #352. That is $13 below the national median of $6,741. Armed Forces Bank, National Association is most active in Virginia with 99 originations there.
Purchase Originations
885
Ranked #408 nationally
Median Total Costs
$6,728
−0.2% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$938
Median Lender Credits
$415
Cost Rank (500+ vol.)
#352
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| va | 602 | 6.250% | $8,228 | $0 |
| conventional | 224 | 6.875% | $4,316 | $995 |
| fha | 53 | 6.500% | $9,280 | $1,933 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 99 | 6.250% | $8,474 | #129 |
| Missouri | 83 | 6.625% | $4,339 | #109 |
| Texas | 82 | 6.250% | $8,855 | #295 |
| Kansas | 67 | 6.500% | $4,414 | #88 |
| Arizona | 43 | 6.875% | $6,070 | — |
| Florida | 43 | 6.125% | $5,562 | — |
| North Carolina | 36 | 6.250% | $6,668 | — |
| Georgia | 34 | 6.250% | $6,767 | — |
| Alabama | 30 | 6.250% | $8,473 | — |
| Colorado | 28 | 6.250% | $8,239 | — |
| Maryland | 26 | 6.250% | $8,003 | — |
| California | 25 | 6.250% | $6,611 | — |
| Washington | 23 | 6.125% | $9,194 | — |
| Minnesota | 20 | 6.688% | $4,208 | — |
| Nevada | 18 | 6.562% | $7,610 | — |
| Ohio | 16 | 6.125% | $8,613 | — |
| Illinois | 15 | 6.375% | $8,947 | — |
| Oklahoma | 15 | 6.250% | $5,414 | — |
| Arkansas | 14 | 6.188% | $8,788 | — |
| New Mexico | 13 | 6.250% | $9,169 | — |
| Tennessee | 13 | 6.125% | $7,765 | — |
| Kentucky | 12 | 6.250% | $6,271 | — |
| South Carolina | 12 | 6.188% | $4,646 | — |
| Wisconsin | 10 | 6.250% | $5,991 | — |
| Alaska | 9 | 6.625% | $6,604 | — |
| New York | 9 | 6.500% | $10,750 | — |
| Pennsylvania | 9 | 5.875% | $12,267 | — |
| Indiana | 8 | 6.500% | $3,757 | — |
| Michigan | 8 | 6.375% | $3,600 | — |
| Utah | 8 | 5.750% | $6,579 | — |
| Louisiana | 6 | 6.062% | $4,353 | — |
| West Virginia | 6 | 6.500% | $5,414 | — |
| Oregon | 5 | 6.625% | $10,259 | — |
| Delaware | 4 | 6.250% | $8,358 | — |
| Nebraska | 4 | 6.312% | $3,348 | — |
| Rhode Island | 4 | 6.562% | $11,609 | — |
| Connecticut | 3 | 5.750% | $4,994 | — |
| Massachusetts | 3 | 5.750% | $5,185 | — |
| Mississippi | 3 | 6.250% | $9,942 | — |
| Montana | 3 | 6.000% | $17,050 | — |
| New Jersey | 3 | 5.625% | $7,290 | — |
| Wyoming | 3 | 6.250% | $14,212 | — |
| Iowa | 2 | 6.125% | $5,623 | — |
| Idaho | 2 | 5.750% | $2,813 | — |
| District of Columbia | 1 | 5.750% | $12,372 | — |
| Hawaii | 1 | 5.750% | $8,195 | — |
| Maine | 1 | 5.250% | $2,816 | — |
| North Dakota | 1 | 6.750% | $12,936 | — |
| New Hampshire | 1 | 6.000% | $2,899 | — |
| Vermont | 1 | 6.125% | $11,270 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,267 | 6.375% | — | 17 | −$3,461 | |
| 2 | $3,413 | 6.625% | — | 8 | −$3,315 | |
| 3 | $4,247 | 6.750% | — | 9 | −$2,481 | |
| 4 | $4,331 | 6.375% | — | 12 | −$2,397 | |
| 5 | $4,483 | 6.125% | — | 9 | −$2,245 | |
| 6 | $5,096 | 6.375% | — | 11 | −$1,632 | |
| 7 | $6,191 | 6.875% | — | 35 | −$537 | |
| 8 | $6,214 | 6.750% | — | 19 | −$514 | |
| 9 | $6,371 | 6.500% | — | 14 | −$357 | |
| 10 | $7,070 | 6.062% | — | 10 | +$342 | |
| 11 | $7,284 | 6.625% | — | 9 | +$556 | |
| 12 | $7,529 | 6.562% | — | 8 | +$801 | |
| 13 | $7,573 | 6.625% | — | 9 | +$845 | |
| 14 | $7,610 | 6.562% | — | 18 | +$882 | |
| 15 | $8,252 | 6.625% | — | 17 | +$1,524 | |
| 16 | $9,295 | 6.250% | — | 16 | +$2,567 | |
| 17 | $9,838 | 6.375% | — | 18 | +$3,110 | |
| 18 | $10,373 | 6.625% | — | 9 | +$3,645 | |
| 19 | $10,631 | 6.250% | — | 14 | +$3,903 | |
| 20 | $18,556 | 6.250% | — | 9 | +$11,828 |
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.