Summit Credit Union closing costs and rates (2024)
In 2024, Summit Credit Union originated 1,715 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $3,007. That ranks #255 nationally by origination volume. For total closing costs among lenders with 500+ originations, Summit Credit Union ranks #48. That is $3,734 below the national median of $6,741. Summit Credit Union is most active in Wisconsin with 1,673 originations there.
Purchase Originations
1,715
Ranked #255 nationally
Median Total Costs
$3,007
−55.4% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$425
Median Lender Credits
$1,000
Cost Rank (500+ vol.)
#48
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,715 | 6.500% | $3,007 | $425 |
Active states
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,579 | 6.625% | — | 17 | −$428 | |
| 2 | $2,702 | 6.625% | — | 15 | −$305 | |
| 3 | $2,712 | 6.625% | — | 18 | −$295 | |
| 4 | $2,735 | 6.438% | — | 18 | −$272 | |
| 5 | $2,755 | 6.625% | — | 67 | −$252 | |
| 6 | $2,770 | 6.625% | — | 30 | −$237 | |
| 7 | $2,843 | 6.625% | — | 89 | −$164 | |
| 8 | $2,890 | 6.625% | — | 110 | −$117 | |
| 9 | $2,892 | 6.750% | — | 26 | −$115 | |
| 10 | $2,900 | 6.500% | — | 98 | −$107 | |
| 11 | $2,908 | 6.500% | — | 63 | −$99 | |
| 12 | $2,909 | 6.500% | — | 68 | −$98 | |
| 13 | $2,916 | 6.500% | — | 25 | −$91 | |
| 14 | $2,918 | 6.625% | — | 13 | −$89 | |
| 15 | $2,955 | 6.500% | — | 50 | −$52 | |
| 16 | $3,017 | 6.562% | — | 16 | +$10 | |
| 17 | $3,067 | 6.375% | — | 30 | +$60 | |
| 18 | $3,157 | 6.500% | — | 618 | +$150 | |
| 19 | $3,182 | 6.500% | — | 15 | +$175 | |
| 20 | $3,205 | 6.500% | — | 144 | +$198 |
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.