First Federal Bank closing costs and rates (2024)
In 2024, First Federal Bank originated 3,839 purchase mortgages at a median interest rate of 6.25% and median total closing costs of $5,875. That ranks #126 nationally by origination volume. For total closing costs among lenders with 500+ originations, First Federal Bank ranks #274. That is $866 below the national median of $6,741. First Federal Bank is most active in Florida with 648 originations there.
Purchase Originations
3,839
Ranked #126 nationally
Median Total Costs
$5,875
−12.8% vs national ($6,741)
Median Rate
6.250%
−5.6% vs national (6.620%)
Median Origination
$1,261
Median Lender Credits
$694
Cost Rank (500+ vol.)
#274
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,175 | 6.500% | $5,058 | $1,606 |
| va | 1,131 | 5.875% | $7,391 | $0 |
| fha | 515 | 6.250% | $9,056 | $1,345 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 648 | 6.500% | $6,548 | #73 |
| Georgia | 429 | 6.500% | $7,859 | #60 |
| South Carolina | 295 | 6.375% | $5,783 | #51 |
| North Carolina | 213 | 6.250% | $5,173 | #99 |
| Wisconsin | 188 | 6.500% | $2,855 | #64 |
| Texas | 175 | 6.125% | $6,184 | #215 |
| Virginia | 142 | 6.062% | $6,670 | #107 |
| Minnesota | 135 | 6.250% | $4,843 | #75 |
| Illinois | 134 | 6.625% | $6,128 | #123 |
| Missouri | 113 | 6.250% | $3,913 | #88 |
| Alabama | 86 | 6.375% | $5,004 | #102 |
| New Jersey | 82 | 6.375% | $7,696 | #116 |
| Kansas | 81 | 6.375% | $3,865 | #79 |
| California | 78 | 6.125% | $7,448 | #223 |
| Pennsylvania | 76 | 6.125% | $5,884 | #177 |
| Tennessee | 75 | 6.000% | $5,254 | #148 |
| Maryland | 72 | 6.000% | $6,109 | #114 |
| Connecticut | 70 | 6.812% | $11,409 | #65 |
| Washington | 69 | 6.000% | $6,648 | #125 |
| Indiana | 56 | 6.000% | $2,966 | #166 |
| Arizona | 51 | 6.125% | $6,181 | #142 |
| Colorado | 43 | 6.000% | $3,522 | — |
| Ohio | 40 | 6.125% | $4,799 | — |
| Kentucky | 39 | 6.000% | $4,886 | — |
| Oklahoma | 37 | 6.125% | $4,693 | — |
| Nevada | 34 | 6.000% | $5,177 | — |
| Michigan | 31 | 6.000% | $3,864 | — |
| Iowa | 29 | 6.625% | $3,376 | — |
| Arkansas | 28 | 6.000% | $6,055 | — |
| Massachusetts | 28 | 6.125% | $5,261 | — |
| Oregon | 28 | 6.062% | $5,280 | — |
| New Mexico | 25 | 6.000% | $7,525 | — |
| Mississippi | 20 | 6.125% | $4,757 | — |
| New Hampshire | 18 | 5.938% | $4,240 | — |
| New York | 16 | 6.188% | $6,417 | — |
| North Dakota | 15 | 6.125% | $3,517 | — |
| Idaho | 14 | 6.188% | $5,122 | — |
| Montana | 14 | 5.812% | $5,916 | — |
| Nebraska | 14 | 6.562% | $4,488 | — |
| Utah | 14 | 5.938% | $4,089 | — |
| Louisiana | 12 | 6.250% | $6,977 | — |
| West Virginia | 12 | 6.000% | $4,408 | — |
| Rhode Island | 11 | 5.875% | $4,176 | — |
| Delaware | 10 | 6.125% | $4,578 | — |
| South Dakota | 9 | 6.125% | $2,394 | — |
| Maine | 8 | 5.812% | $10,703 | — |
| Wyoming | 7 | 5.750% | $8,386 | — |
| District of Columbia | 6 | 6.125% | $5,642 | — |
| Alaska | 4 | 5.688% | $9,885 | — |
| Vermont | 4 | 5.938% | $8,622 | — |
| Hawaii | 1 | 5.750% | $13,301 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,616 | 6.500% | — | 30 | −$2,259 | |
| 2 | $3,926 | 6.375% | — | 39 | −$1,949 | |
| 3 | $4,843 | 6.375% | — | 59 | −$1,032 | |
| 4 | $5,079 | 6.688% | — | 72 | −$796 | |
| 5 | $5,308 | 6.500% | — | 43 | −$567 | |
| 6 | $5,740 | 6.500% | — | 36 | −$135 | |
| 7 | $5,860 | 6.375% | — | 149 | −$15 | |
| 8 | $6,004 | 6.250% | — | 27 | +$129 | |
| 9 | $6,043 | 6.500% | — | 72 | +$168 | |
| 10 | $6,132 | 6.375% | — | 26 | +$257 | |
| 11 | $6,914 | 6.500% | — | 29 | +$1,039 | |
| 12 | $7,089 | 6.625% | — | 26 | +$1,214 | |
| 13 | $7,155 | 6.750% | — | 29 | +$1,280 | |
| 14 | $7,479 | 6.750% | — | 52 | +$1,604 | |
| 15 | $7,783 | 6.500% | — | 28 | +$1,908 | |
| 16 | $8,094 | 6.500% | — | 77 | +$2,219 | |
| 17 | $8,126 | 6.625% | — | 32 | +$2,251 | |
| 18 | $8,464 | 6.562% | — | 104 | +$2,589 | |
| 19 | $9,299 | 6.562% | — | 54 | +$3,424 | |
| 20 | $11,179 | 6.688% | — | 42 | +$5,304 |
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.