REDSTONE Federal Credit Union closing costs and rates (2024)
In 2024, REDSTONE Federal Credit Union originated 534 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $3,256. That ranks #611 nationally by origination volume. For total closing costs among lenders with 500+ originations, REDSTONE Federal Credit Union ranks #63. That is $3,485 below the national median of $6,741. REDSTONE Federal Credit Union is most active in Alabama with 445 originations there.
Purchase Originations
534
Ranked #611 nationally
Median Total Costs
$3,256
−51.7% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$899
Median Lender Credits
$70
Cost Rank (500+ vol.)
#63
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 436 | 6.625% | $3,130 | $899 |
| va | 53 | 6.125% | $4,208 | $899 |
| fha | 37 | 6.500% | $6,890 | $899 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,550 | 6.500% | — | 7 | −$706 | |
| 2 | $3,013 | 6.625% | — | 7 | −$243 | |
| 3 | $3,050 | 6.625% | — | 13 | −$206 | |
| 4 | $3,054 | 6.500% | — | 3 | −$202 | |
| 5 | $3,063 | 6.500% | — | 27 | −$193 | |
| 6 | $3,080 | 6.625% | — | 20 | −$176 | |
| 7 | $3,092 | 6.750% | — | 61 | −$164 | |
| 8 | $3,180 | 6.500% | — | 68 | −$76 | |
| 9 | $3,253 | 6.500% | — | 31 | −$3 | |
| 10 | $3,287 | 6.500% | — | 196 | +$31 | |
| 11 | $3,294 | 6.500% | — | 17 | +$38 | |
| 12 | $3,300 | 6.875% | — | 5 | +$44 | |
| 13 | $3,395 | 6.625% | — | 3 | +$139 | |
| 14 | $3,647 | 6.625% | — | 3 | +$391 | |
| 15 | $3,868 | 6.000% | — | 5 | +$612 | |
| 16 | $4,358 | 6.875% | — | 3 | +$1,102 | |
| 17 | $4,811 | 6.250% | — | 4 | +$1,555 | |
| 18 | $5,203 | 7.938% | — | 4 | +$1,947 | |
| 19 | $5,722 | 6.938% | — | 26 | +$2,466 | |
| 20 | $6,591 | 7.375% | — | 5 | +$3,335 |
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.