TEG Federal Credit Union closing costs and rates (2024)
In 2024, TEG Federal Credit Union originated 128 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $3,334. That is $3,407 below the national median of $6,741. TEG Federal Credit Union is most active in New York with 126 originations there.
Purchase Originations
128
Median Total Costs
$3,334
−50.5% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$0
Median Lender Credits
$450
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 128 | 6.750% | $3,334 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| New York | 126 | 6.750% | $3,324 | #109 |
| Connecticut | 1 | 7.125% | $9,992 | — |
| New Jersey | 1 | 7.125% | $5,635 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,650 | 7.000% | — | 2 | −$684 | |
| 2 | $3,086 | 7.125% | — | 6 | −$248 | |
| 3 | $3,186 | 6.750% | — | 75 | −$148 | |
| 4 | $3,668 | 6.750% | — | 30 | +$334 | |
| 5 | $3,748 | 6.500% | — | 1 | +$414 | |
| 6 | $4,368 | 6.875% | — | 5 | +$1,034 | |
| 7 | $4,378 | 6.875% | — | 2 | +$1,044 | |
| 8 | $4,539 | 6.625% | — | 4 | +$1,205 | |
| 9 | $5,603 | 6.000% | — | 1 | +$2,269 | |
| 10 | $5,635 | 7.125% | — | 1 | +$2,301 | |
| 11 | $9,992 | 7.125% | — | 1 | +$6,658 |
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.