Honor Credit Union closing costs and rates (2024)
In 2024, Honor Credit Union originated 383 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $2,976. That is $3,765 below the national median of $6,741. Honor Credit Union is most active in Michigan with 366 originations there.
Purchase Originations
383
Median Total Costs
$2,976
−55.9% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$950
Median Lender Credits
$500
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 359 | 6.500% | $2,956 | $950 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 366 | 6.500% | $2,974 | #52 |
| Indiana | 9 | 6.500% | $2,532 | — |
| Alabama | 1 | 5.625% | $2,946 | — |
| Arkansas | 1 | 7.000% | $2,810 | — |
| Colorado | 1 | 6.115% | $3,154 | — |
| Pennsylvania | 1 | 5.240% | $4,168 | — |
| South Carolina | 1 | 8.125% | $5,178 | — |
| Tennessee | 1 | 7.125% | $3,309 | — |
| Texas | 1 | 7.125% | $4,669 | — |
| Utah | 1 | 8.000% | $4,686 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,532 | 6.250% | — | 5 | −$444 | |
| 2 | $2,676 | 6.688% | — | 2 | −$300 | |
| 3 | $2,687 | 6.562% | — | 24 | −$289 | |
| 4 | $2,726 | 6.438% | — | 10 | −$250 | |
| 5 | $2,727 | 6.500% | — | 2 | −$249 | |
| 6 | $2,740 | 6.750% | — | 33 | −$236 | |
| 7 | $2,840 | 6.562% | — | 20 | −$136 | |
| 8 | $2,844 | 6.312% | — | 2 | −$132 | |
| 9 | $2,854 | 6.625% | — | 2 | −$122 | |
| 10 | $2,881 | 6.750% | — | 3 | −$95 | |
| 11 | $2,934 | 6.625% | — | 2 | −$42 | |
| 12 | $2,953 | 6.625% | — | 37 | −$23 | |
| 13 | $2,979 | 6.500% | — | 27 | +$3 | |
| 14 | $3,021 | 6.375% | — | 150 | +$45 | |
| 15 | $3,027 | 7.000% | — | 7 | +$51 | |
| 16 | $3,042 | 6.875% | — | 4 | +$66 | |
| 17 | $3,150 | 6.500% | — | 1 | +$174 | |
| 18 | $3,213 | 6.500% | — | 27 | +$237 | |
| 19 | $3,407 | 6.938% | — | 2 | +$431 | |
| 20 | $3,654 | 7.125% | — | 3 | +$678 |
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.