Royal Credit Union closing costs and rates (2024)
In 2024, Royal Credit Union originated 2,061 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $4,097. That ranks #220 nationally by origination volume. For total closing costs among lenders with 500+ originations, Royal Credit Union ranks #125. That is $2,644 below the national median of $6,741. Royal Credit Union is most active in Minnesota with 1,142 originations there.
Purchase Originations
2,061
Ranked #220 nationally
Median Total Costs
$4,097
−39.2% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$1,150
Median Lender Credits
$82
Cost Rank (500+ vol.)
#125
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,863 | 6.750% | $3,515 | $1,150 |
| fha | 173 | 6.625% | $11,221 | $3,706 |
| va | 22 | 6.250% | $7,012 | $1,680 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 1,142 | 6.875% | $6,757 | #10 |
| Wisconsin | 898 | 6.750% | $0 | #13 |
| Arizona | 2 | 6.683% | $7,589 | — |
| Florida | 2 | 6.250% | $6,740 | — |
| Iowa | 2 | 6.375% | $3,561 | — |
| Washington | 2 | 7.000% | $10,866 | — |
| Alaska | 1 | 6.990% | $6,293 | — |
| California | 1 | 6.500% | $42,730 | — |
| Georgia | 1 | 6.625% | $4,047 | — |
| Illinois | 1 | 6.875% | $5,201 | — |
| Indiana | 1 | 6.000% | $4,324 | — |
| Maryland | 1 | 5.875% | $10,822 | — |
| Michigan | 1 | 6.375% | $3,152 | — |
| North Carolina | 1 | 6.624% | $4,088 | — |
| North Dakota | 1 | 6.250% | $2,714 | — |
| New Hampshire | 1 | 6.875% | $3,557 | — |
| Ohio | 1 | 7.125% | $7,984 | — |
| Tennessee | 1 | 5.875% | $3,296 | — |
| Texas | 1 | 6.875% | $4,815 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 6.625% | — | 328 | −$4,097 | |
| 2 | $0 | 6.750% | — | 163 | −$4,097 | |
| 3 | $0 | 6.750% | — | 70 | −$4,097 | |
| 4 | $0 | 6.750% | — | 61 | −$4,097 | |
| 5 | $0 | 6.750% | — | 51 | −$4,097 | |
| 6 | $0 | 6.875% | — | 47 | −$4,097 | |
| 7 | $0 | 6.750% | — | 23 | −$4,097 | |
| 8 | $0 | 6.750% | — | 17 | −$4,097 | |
| 9 | $0 | 6.500% | — | 17 | −$4,097 | |
| 10 | $4,124 | 6.875% | — | 15 | +$27 | |
| 11 | $5,301 | 6.750% | — | 15 | +$1,204 | |
| 12 | $5,600 | 7.188% | — | 24 | +$1,503 | |
| 13 | $6,144 | 6.750% | — | 192 | +$2,047 | |
| 14 | $6,651 | 6.625% | — | 15 | +$2,554 | |
| 15 | $6,865 | 6.875% | — | 121 | +$2,768 | |
| 16 | $6,927 | 6.625% | — | 117 | +$2,830 | |
| 17 | $6,935 | 6.750% | — | 142 | +$2,838 | |
| 18 | $6,954 | 6.875% | — | 371 | +$2,857 | |
| 19 | $7,566 | 6.750% | — | 30 | +$3,469 | |
| 20 | $8,991 | 6.688% | — | 18 | +$4,894 |
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.