Frankenmuth Credit Union closing costs and rates (2024)
In 2024, Frankenmuth Credit Union originated 356 purchase mortgages at a median interest rate of 6.88% and median total closing costs of $2,727. That is $4,014 below the national median of $6,741. Frankenmuth Credit Union is most active in Michigan with 355 originations there.
Purchase Originations
356
Median Total Costs
$2,727
−59.5% vs national ($6,741)
Median Rate
6.875%
+3.9% vs national (6.620%)
Median Origination
$905
Median Lender Credits
$20
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 344 | 6.875% | $2,674 | $905 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 8.300% | — | 3 | −$2,727 | |
| 2 | $0 | 7.125% | — | 3 | −$2,727 | |
| 3 | $0 | 7.000% | — | 3 | −$2,727 | |
| 4 | $0 | 7.062% | — | 2 | −$2,727 | |
| 5 | $534 | 7.250% | — | 17 | −$2,193 | |
| 6 | $534 | 8.300% | — | 6 | −$2,193 | |
| 7 | $1,229 | 6.312% | — | 2 | −$1,498 | |
| 8 | $1,325 | 7.438% | — | 2 | −$1,402 | |
| 9 | $1,411 | 7.062% | — | 2 | −$1,316 | |
| 10 | $1,668 | 7.000% | — | 2 | −$1,059 | |
| 11 | $1,681 | 6.938% | — | 4 | −$1,046 | |
| 12 | $2,665 | 6.875% | — | 166 | −$62 | |
| 13 | $2,707 | 6.375% | — | 4 | −$20 | |
| 14 | $2,722 | 6.875% | — | 39 | −$5 | |
| 15 | $2,748 | 6.500% | — | 19 | +$21 | |
| 16 | $2,891 | 6.625% | — | 42 | +$164 | |
| 17 | $2,969 | 6.375% | — | 2 | +$242 | |
| 18 | $3,081 | 6.875% | — | 24 | +$354 | |
| 19 | $5,045 | 6.250% | — | 1 | +$2,318 | |
| 20 | $6,907 | 6.375% | — | 1 | +$4,180 |
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.