FREEDOM FIRST Federal Credit Union closing costs and rates (2024)
In 2024, FREEDOM FIRST Federal Credit Union originated 273 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $4,433. That is $2,308 below the national median of $6,741. FREEDOM FIRST Federal Credit Union is most active in Virginia with 264 originations there.
Purchase Originations
273
Median Total Costs
$4,433
−34.2% vs national ($6,741)
Median Rate
6.624%
+0.1% vs national (6.620%)
Median Origination
$1,156
Median Lender Credits
$59
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 215 | 6.750% | $3,834 | $1,156 |
| fha | 47 | 6.125% | $7,881 | $1,238 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Virginia | 264 | 6.624% | $4,450 | #70 |
| North Carolina | 2 | 6.933% | $3,964 | — |
| South Carolina | 2 | 6.750% | $5,504 | — |
| Alabama | 1 | 5.061% | $2,926 | — |
| Delaware | 1 | 6.375% | $3,494 | — |
| Florida | 1 | 6.750% | $2,961 | — |
| New Jersey | 1 | 7.125% | $4,921 | — |
| West Virginia | 1 | 7.500% | $4,094 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,322 | 6.500% | — | 7 | −$1,111 | |
| 2 | $3,420 | 6.625% | — | 11 | −$1,013 | |
| 3 | $3,441 | 5.875% | — | 3 | −$992 | |
| 4 | $3,738 | 6.875% | — | 5 | −$695 | |
| 5 | $3,811 | 6.625% | — | 11 | −$622 | |
| 6 | $3,845 | 6.562% | — | 4 | −$588 | |
| 7 | $3,938 | 6.625% | — | 52 | −$495 | |
| 8 | $3,958 | 6.500% | — | 30 | −$475 | |
| 9 | $4,680 | 6.375% | — | 39 | +$247 | |
| 10 | $4,763 | 6.312% | — | 14 | +$330 | |
| 11 | $4,957 | 6.750% | — | 2 | +$524 | |
| 12 | $5,179 | 6.875% | — | 19 | +$746 | |
| 13 | $5,408 | 6.624% | — | 12 | +$975 | |
| 14 | $6,738 | 7.120% | — | 4 | +$2,305 | |
| 15 | $6,817 | 6.750% | — | 19 | +$2,384 | |
| 16 | $7,590 | 6.620% | — | 4 | +$3,157 | |
| 17 | $7,717 | 7.250% | — | 6 | +$3,284 | |
| 18 | $8,369 | 7.188% | — | 2 | +$3,936 | |
| 19 | $8,991 | 7.250% | — | 2 | +$4,558 | |
| 20 | $9,306 | 7.250% | — | 5 | +$4,873 |
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.