MICHIGAN STATE UNIVERSITY Federal Credit Union closing costs and rates (2024)
In 2024, MICHIGAN STATE UNIVERSITY Federal Credit Union originated 742 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $3,705. That ranks #483 nationally by origination volume. For total closing costs among lenders with 500+ originations, MICHIGAN STATE UNIVERSITY Federal Credit Union ranks #92. That is $3,036 below the national median of $6,741. MICHIGAN STATE UNIVERSITY Federal Credit Union is most active in Michigan with 681 originations there.
Purchase Originations
742
Ranked #483 nationally
Median Total Costs
$3,705
−45.0% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,295
Median Lender Credits
$500
Cost Rank (500+ vol.)
#92
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 742 | 6.750% | $3,705 | $1,295 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 681 | 6.750% | $3,658 | #28 |
| Illinois | 14 | 6.812% | $6,083 | — |
| Florida | 7 | 6.375% | $7,127 | — |
| North Carolina | 5 | 6.750% | $4,238 | — |
| Pennsylvania | 5 | 6.625% | $7,290 | — |
| Indiana | 4 | 7.062% | $3,457 | — |
| Minnesota | 4 | 6.938% | $4,890 | — |
| Ohio | 4 | 6.625% | $5,744 | — |
| Colorado | 3 | 7.375% | $4,090 | — |
| Georgia | 3 | 6.250% | $5,950 | — |
| Wisconsin | 3 | 7.375% | $3,014 | — |
| Arizona | 2 | 6.500% | $5,740 | — |
| Oregon | 2 | 6.812% | $5,069 | — |
| Tennessee | 2 | 6.875% | $5,519 | — |
| Washington | 2 | 6.500% | $12,071 | — |
| South Carolina | 1 | 6.625% | $4,540 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,498 | 6.500% | — | 9 | −$207 | |
| 2 | $3,513 | 6.812% | — | 6 | −$192 | |
| 3 | $3,515 | 6.812% | — | 212 | −$190 | |
| 4 | $3,515 | 6.875% | — | 21 | −$190 | |
| 5 | $3,527 | 6.875% | — | 9 | −$178 | |
| 6 | $3,594 | 6.750% | — | 63 | −$111 | |
| 7 | $3,599 | 6.875% | — | 9 | −$106 | |
| 8 | $3,618 | 6.688% | — | 4 | −$87 | |
| 9 | $3,619 | 6.750% | — | 32 | −$86 | |
| 10 | $3,623 | 6.625% | — | 9 | −$82 | |
| 11 | $3,660 | 6.750% | — | 11 | −$45 | |
| 12 | $3,765 | 6.750% | — | 79 | +$60 | |
| 13 | $3,934 | 6.750% | — | 62 | +$229 | |
| 14 | $4,017 | 6.750% | — | 19 | +$312 | |
| 15 | $4,105 | 6.750% | — | 16 | +$400 | |
| 16 | $4,248 | 6.375% | — | 10 | +$543 | |
| 17 | $4,251 | 6.750% | — | 9 | +$546 | |
| 18 | $4,339 | 6.750% | — | 17 | +$634 | |
| 19 | $4,708 | 6.500% | — | 5 | +$1,003 | |
| 20 | $6,278 | 6.688% | — | 10 | +$2,573 |
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.