MAYO EMPLOYEES FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, MAYO EMPLOYEES FEDERAL CREDIT UNION originated 112 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $7,664. That is $923 above the national median of $6,741. MAYO EMPLOYEES FEDERAL CREDIT UNION is most active in Minnesota with 53 originations there.
Purchase Originations
112
Median Total Costs
$7,664
+13.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$3,550
Median Lender Credits
$28
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 112 | 6.500% | $7,664 | $3,550 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 53 | 6.375% | $6,546 | #114 |
| Florida | 23 | 6.500% | $8,779 | — |
| Arizona | 20 | 6.438% | $10,141 | — |
| Wisconsin | 6 | 6.812% | $5,695 | — |
| Iowa | 2 | 6.875% | $5,032 | — |
| Massachusetts | 2 | 6.812% | $9,351 | — |
| Alabama | 1 | 6.125% | $6,117 | — |
| Georgia | 1 | 6.500% | $8,142 | — |
| Illinois | 1 | 5.875% | $10,144 | — |
| Michigan | 1 | 6.875% | $7,605 | — |
| Texas | 1 | 6.750% | $8,495 | — |
| Washington | 1 | 6.875% | $8,523 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,391 | 7.125% | — | 1 | −$3,273 | |
| 2 | $5,673 | 6.625% | — | 1 | −$1,991 | |
| 3 | $6,117 | 6.125% | — | 1 | −$1,547 | |
| 4 | $6,236 | 6.750% | — | 3 | −$1,428 | |
| 5 | $6,345 | 6.250% | — | 38 | −$1,319 | |
| 6 | $6,546 | 6.875% | — | 1 | −$1,118 | |
| 7 | $6,694 | 6.438% | — | 2 | −$970 | |
| 8 | $7,480 | 6.875% | — | 1 | −$184 | |
| 9 | $7,600 | 6.500% | — | 1 | −$64 | |
| 10 | $7,605 | 6.875% | — | 1 | −$59 | |
| 11 | $8,142 | 6.500% | — | 1 | +$478 | |
| 12 | $8,161 | 6.375% | — | 2 | +$497 | |
| 13 | $8,779 | 6.500% | — | 5 | +$1,115 | |
| 14 | $9,025 | 6.375% | — | 16 | +$1,361 | |
| 15 | $9,093 | 6.500% | — | 7 | +$1,429 | |
| 16 | $9,726 | 6.500% | — | 19 | +$2,062 | |
| 17 | $10,144 | 5.875% | — | 1 | +$2,480 | |
| 18 | $10,412 | 6.750% | — | 1 | +$2,748 | |
| 19 | $11,221 | 6.750% | — | 1 | +$3,557 | |
| 20 | $17,852 | 5.625% | — | 1 | +$10,188 |
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.