Texas Tech Federal Credit Union closing costs and rates (2024)
In 2024, Texas Tech Federal Credit Union originated 691 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $6,248. That ranks #513 nationally by origination volume. For total closing costs among lenders with 500+ originations, Texas Tech Federal Credit Union ranks #301. That is $493 below the national median of $6,741. Texas Tech Federal Credit Union is most active in Texas with 683 originations there.
Purchase Originations
691
Ranked #513 nationally
Median Total Costs
$6,248
−7.3% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,270
Median Lender Credits
$70
Cost Rank (500+ vol.)
#301
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 393 | 6.625% | $4,791 | $1,270 |
| fha | 247 | 6.250% | $8,448 | $1,270 |
| va | 47 | 6.250% | $6,703 | $970 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 683 | 6.500% | $6,287 | #95 |
| New Mexico | 3 | 7.000% | $5,535 | — |
| Alabama | 2 | 6.438% | $6,644 | — |
| Arkansas | 1 | 7.000% | $3,052 | — |
| South Carolina | 1 | 6.500% | $4,043 | — |
| Washington | 1 | 7.000% | $4,791 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,897 | 6.938% | — | 2 | −$1,351 | |
| 2 | $5,017 | 6.875% | — | 3 | −$1,231 | |
| 3 | $5,468 | 6.438% | — | 30 | −$780 | |
| 4 | $5,547 | 6.625% | — | 14 | −$701 | |
| 5 | $5,661 | 7.000% | — | 3 | −$587 | |
| 6 | $5,840 | 6.438% | — | 4 | −$408 | |
| 7 | $5,845 | 6.250% | — | 7 | −$403 | |
| 8 | $6,071 | 6.938% | — | 4 | −$177 | |
| 9 | $6,143 | 6.500% | — | 461 | −$105 | |
| 10 | $6,397 | 7.000% | — | 3 | +$149 | |
| 11 | $6,804 | 6.500% | — | 95 | +$556 | |
| 12 | $6,810 | 6.625% | — | 13 | +$562 | |
| 13 | $6,980 | 6.750% | — | 4 | +$732 | |
| 14 | $7,017 | 6.312% | — | 2 | +$769 | |
| 15 | $8,134 | 6.812% | — | 2 | +$1,886 | |
| 16 | $8,861 | 7.000% | — | 5 | +$2,613 | |
| 17 | $9,465 | 6.938% | — | 2 | +$3,217 | |
| 18 | $9,652 | 7.000% | — | 4 | +$3,404 | |
| 19 | $10,830 | 6.625% | — | 3 | +$4,582 | |
| 20 | $16,738 | 6.438% | — | 2 | +$10,490 |
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.