TEACHERS FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, TEACHERS FEDERAL CREDIT UNION originated 354 purchase mortgages at a median interest rate of 6.38% and median total closing costs of $4,936. That is $1,805 below the national median of $6,741. TEACHERS FEDERAL CREDIT UNION is most active in New York with 239 originations there.
Purchase Originations
354
Median Total Costs
$4,936
−26.8% vs national ($6,741)
Median Rate
6.375%
−3.7% vs national (6.620%)
Median Origination
$1,025
Median Lender Credits
$240
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 353 | 6.375% | $4,933 | $1,025 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 239 | 6.500% | $4,679 | #74 |
| California | 59 | 6.000% | $6,830 | #250 |
| Florida | 15 | 6.375% | $7,025 | — |
| New Jersey | 7 | 6.500% | $6,158 | — |
| North Carolina | 4 | 6.438% | $4,933 | — |
| Pennsylvania | 4 | 6.750% | $5,016 | — |
| Texas | 4 | 6.312% | $8,040 | — |
| Connecticut | 3 | 6.375% | $5,522 | — |
| Tennessee | 3 | 7.125% | $4,136 | — |
| Washington | 3 | 5.875% | $5,116 | — |
| Massachusetts | 2 | 7.062% | $4,610 | — |
| Michigan | 2 | 6.625% | $3,836 | — |
| Ohio | 2 | 6.250% | $4,810 | — |
| Alabama | 1 | 6.375% | $3,374 | — |
| Arizona | 1 | 5.625% | $5,433 | — |
| Colorado | 1 | 6.375% | $3,986 | — |
| District of Columbia | 1 | 7.000% | $8,041 | — |
| Nevada | 1 | 6.125% | $6,717 | — |
| South Dakota | 1 | 6.375% | $4,064 | — |
| West Virginia | 1 | 7.500% | $6,232 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,374 | 6.438% | — | 6 | −$562 | |
| 2 | $4,386 | 6.625% | — | 2 | −$550 | |
| 3 | $4,591 | 6.500% | — | 4 | −$345 | |
| 4 | $4,609 | 6.500% | — | 149 | −$327 | |
| 5 | $4,637 | 6.500% | — | 34 | −$299 | |
| 6 | $4,812 | 6.688% | — | 2 | −$124 | |
| 7 | $4,829 | 6.375% | — | 33 | −$107 | |
| 8 | $5,047 | 6.750% | — | 4 | +$111 | |
| 9 | $5,391 | 6.375% | — | 2 | +$455 | |
| 10 | $5,565 | 5.625% | — | 3 | +$629 | |
| 11 | $5,744 | 6.375% | — | 3 | +$808 | |
| 12 | $5,876 | 5.812% | — | 8 | +$940 | |
| 13 | $5,924 | 6.500% | — | 2 | +$988 | |
| 14 | $6,029 | 6.375% | — | 3 | +$1,093 | |
| 15 | $6,459 | 6.375% | — | 15 | +$1,523 | |
| 16 | $7,062 | 7.125% | — | 2 | +$2,126 | |
| 17 | $7,130 | 5.938% | — | 6 | +$2,194 | |
| 18 | $7,653 | 7.250% | — | 2 | +$2,717 | |
| 19 | $8,749 | 6.000% | — | 15 | +$3,813 | |
| 20 | $9,381 | 6.000% | — | 8 | +$4,445 |
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.