HOPE FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, HOPE FEDERAL CREDIT UNION originated 101 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $3,851. That is $2,890 below the national median of $6,741. HOPE FEDERAL CREDIT UNION is most active in Mississippi with 70 originations there.
Purchase Originations
101
Median Total Costs
$3,851
−42.9% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$950
Median Lender Credits
$45
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 98 | 6.750% | $3,821 | $950 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Mississippi | 70 | 6.750% | $3,710 | #56 |
| Alabama | 16 | 6.750% | $4,677 | — |
| Louisiana | 8 | 6.812% | $4,277 | — |
| Tennessee | 7 | 6.875% | $4,028 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,324 | 7.062% | — | 18 | −$527 | |
| 2 | $3,342 | 6.500% | — | 1 | −$509 | |
| 3 | $3,350 | 6.812% | — | 2 | −$501 | |
| 4 | $3,417 | 6.500% | — | 6 | −$434 | |
| 5 | $3,556 | 6.938% | — | 2 | −$295 | |
| 6 | $3,650 | 6.625% | — | 5 | −$201 | |
| 7 | $3,671 | 7.125% | — | 3 | −$180 | |
| 8 | $3,736 | 6.625% | — | 2 | −$115 | |
| 9 | $3,747 | 6.562% | — | 2 | −$104 | |
| 10 | $3,893 | 6.500% | — | 5 | +$42 | |
| 11 | $3,923 | 6.750% | — | 1 | +$72 | |
| 12 | $3,926 | 7.125% | — | 3 | +$75 | |
| 13 | $4,020 | 6.875% | — | 6 | +$169 | |
| 14 | $4,226 | 6.875% | — | 4 | +$375 | |
| 15 | $4,415 | 6.750% | — | 5 | +$564 | |
| 16 | $4,708 | 6.625% | — | 5 | +$857 | |
| 17 | $4,782 | 6.625% | — | 11 | +$931 | |
| 18 | $5,108 | 6.500% | — | 2 | +$1,257 | |
| 19 | $5,984 | 7.125% | — | 2 | +$2,133 | |
| 20 | $14,228 | 6.625% | — | 4 | +$10,377 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
Found your lender? Make sure their quote is fair.
HMDA data shows industry-wide medians. Your actual quote may differ. Upload your Closing Disclosure or Loan Estimate to see exactly where your fees stand — and get a ready-to-send negotiation email.
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.