FOUNDERS FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, FOUNDERS FEDERAL CREDIT UNION originated 709 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $3,223. That ranks #503 nationally by origination volume. For total closing costs among lenders with 500+ originations, FOUNDERS FEDERAL CREDIT UNION ranks #59. That is $3,518 below the national median of $6,741. FOUNDERS FEDERAL CREDIT UNION is most active in South Carolina with 388 originations there.
Purchase Originations
709
Ranked #503 nationally
Median Total Costs
$3,223
−52.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$0
Median Lender Credits
$1,651
Cost Rank (500+ vol.)
#59
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 709 | 6.500% | $3,223 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| South Carolina | 388 | 6.500% | $3,180 | #41 |
| North Carolina | 318 | 6.375% | $3,328 | #72 |
| Alabama | 1 | 6.500% | $3,976 | — |
| Pennsylvania | 1 | 6.250% | $2,520 | — |
| Tennessee | 1 | 6.000% | $2,653 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,602 | 7.250% | — | 8 | −$621 | |
| 2 | $2,756 | 7.312% | — | 14 | −$467 | |
| 3 | $2,792 | 6.500% | — | 9 | −$431 | |
| 4 | $2,809 | 6.500% | — | 11 | −$414 | |
| 5 | $3,033 | 6.062% | — | 8 | −$190 | |
| 6 | $3,043 | 7.438% | — | 18 | −$180 | |
| 7 | $3,123 | 6.250% | — | 19 | −$100 | |
| 8 | $3,137 | 6.500% | — | 17 | −$86 | |
| 9 | $3,167 | 6.500% | — | 19 | −$56 | |
| 10 | $3,179 | 6.375% | — | 11 | −$44 | |
| 11 | $3,247 | 6.312% | — | 90 | +$24 | |
| 12 | $3,247 | 6.500% | — | 80 | +$24 | |
| 13 | $3,296 | 6.500% | — | 41 | +$73 | |
| 14 | $3,310 | 6.250% | — | 137 | +$87 | |
| 15 | $3,546 | 6.250% | — | 20 | +$323 | |
| 16 | $3,693 | 6.750% | — | 26 | +$470 | |
| 17 | $3,698 | 6.250% | — | 56 | +$475 | |
| 18 | $3,963 | 6.375% | — | 41 | +$740 | |
| 19 | $4,861 | 6.500% | — | 7 | +$1,638 | |
| 20 | $5,809 | 6.500% | — | 7 | +$2,586 |
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.