ORSA credit union closing costs and rates (2024)
In 2024, ORSA credit union originated 174 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $3,096. That is $3,645 below the national median of $6,741. ORSA credit union is most active in Michigan with 174 originations there.
Purchase Originations
174
Median Total Costs
$3,096
−54.1% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$995
Median Lender Credits
$76
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 174 | 6.625% | $3,096 | $995 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 174 | 6.625% | $3,096 | #83 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,322 | 7.000% | — | 2 | −$774 | |
| 2 | $2,324 | 7.750% | — | 6 | −$772 | |
| 3 | $2,377 | 5.000% | — | 3 | −$719 | |
| 4 | $2,466 | 7.500% | — | 4 | −$630 | |
| 5 | $2,490 | 7.750% | — | 3 | −$606 | |
| 6 | $2,556 | 6.625% | — | 1 | −$540 | |
| 7 | $2,618 | 6.875% | — | 5 | −$478 | |
| 8 | $2,807 | 6.625% | — | 23 | −$289 | |
| 9 | $2,829 | 6.438% | — | 6 | −$267 | |
| 10 | $3,030 | 6.438% | — | 2 | −$66 | |
| 11 | $3,049 | 6.875% | — | 17 | −$47 | |
| 12 | $3,087 | 6.750% | — | 2 | −$9 | |
| 13 | $3,254 | 6.250% | — | 1 | +$158 | |
| 14 | $3,257 | 6.625% | — | 2 | +$161 | |
| 15 | $3,338 | 6.750% | — | 45 | +$242 | |
| 16 | $3,419 | 6.500% | — | 5 | +$323 | |
| 17 | $3,563 | 6.562% | — | 28 | +$467 | |
| 18 | $3,574 | 6.500% | — | 2 | +$478 | |
| 19 | $3,746 | 6.375% | — | 6 | +$650 | |
| 20 | $5,402 | 5.500% | — | 1 | +$2,306 |
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.