The Federal Savings Bank closing costs and rates (2024)
In 2024, The Federal Savings Bank originated 3,224 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $8,700. That ranks #145 nationally by origination volume. For total closing costs among lenders with 500+ originations, The Federal Savings Bank ranks #483. That is $1,959 above the national median of $6,741. The Federal Savings Bank is most active in Illinois with 797 originations there.
Purchase Originations
3,224
Ranked #145 nationally
Median Total Costs
$8,700
+29.1% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$3,301
Median Lender Credits
$150
Cost Rank (500+ vol.)
#483
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,915 | 6.875% | $7,141 | $3,193 |
| fha | 842 | 6.500% | $14,331 | $4,233 |
| va | 453 | 6.500% | $6,927 | $1,704 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Illinois | 797 | 6.875% | $7,999 | #29 |
| New York | 553 | 6.500% | $18,275 | #43 |
| Indiana | 225 | 6.750% | $7,198 | #76 |
| Virginia | 202 | 6.625% | $8,024 | #86 |
| New Jersey | 180 | 6.625% | $9,576 | #73 |
| North Carolina | 152 | 6.875% | $7,706 | #121 |
| Ohio | 150 | 6.875% | $5,322 | #111 |
| Florida | 136 | 6.750% | $8,372 | #210 |
| Tennessee | 101 | 6.875% | $9,446 | #125 |
| Maryland | 75 | 6.625% | $11,049 | #112 |
| Texas | 63 | 6.500% | $7,877 | #324 |
| Pennsylvania | 62 | 6.500% | $9,211 | #193 |
| Georgia | 50 | 6.750% | $7,324 | #205 |
| Colorado | 49 | 6.875% | $5,325 | — |
| South Carolina | 49 | 6.500% | $8,440 | — |
| Kentucky | 31 | 6.875% | $4,745 | — |
| Michigan | 28 | 6.938% | $6,980 | — |
| Washington | 28 | 7.125% | $9,395 | — |
| Alabama | 21 | 6.750% | $6,295 | — |
| California | 21 | 6.500% | $16,203 | — |
| Wisconsin | 21 | 6.625% | $4,886 | — |
| Massachusetts | 20 | 6.625% | $9,355 | — |
| Missouri | 20 | 6.750% | $5,768 | — |
| Connecticut | 17 | 6.625% | $9,973 | — |
| Arizona | 14 | 6.750% | $8,973 | — |
| Arkansas | 12 | 6.625% | $5,285 | — |
| Louisiana | 10 | 6.625% | $10,393 | — |
| New Hampshire | 9 | 7.000% | $12,877 | — |
| Oregon | 9 | 7.125% | $10,352 | — |
| Iowa | 8 | 6.750% | $5,582 | — |
| Nevada | 8 | 6.938% | $6,589 | — |
| Oklahoma | 8 | 6.875% | $6,495 | — |
| Utah | 8 | 7.438% | $5,669 | — |
| Idaho | 7 | 6.250% | $11,321 | — |
| Kansas | 7 | 6.750% | $3,151 | — |
| Maine | 7 | 6.500% | $4,515 | — |
| Minnesota | 7 | 6.500% | $4,583 | — |
| Nebraska | 7 | 7.000% | $5,250 | — |
| New Mexico | 7 | 6.625% | $6,358 | — |
| Rhode Island | 7 | 6.375% | $8,694 | — |
| West Virginia | 7 | 6.750% | $7,775 | — |
| Wyoming | 7 | 7.375% | $5,532 | — |
| Mississippi | 5 | 6.500% | $8,518 | — |
| Delaware | 4 | 6.438% | $10,435 | — |
| Montana | 4 | 7.000% | $11,039 | — |
| Alaska | 3 | 6.500% | $9,222 | — |
| South Dakota | 3 | 7.125% | $3,626 | — |
| Hawaii | 2 | 6.562% | $18,049 | — |
| Vermont | 2 | 7.312% | $5,456 | — |
| District of Columbia | 1 | 6.625% | $11,348 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,187 | 7.000% | — | 51 | −$3,513 | |
| 2 | $6,491 | 6.625% | — | 42 | −$2,209 | |
| 3 | $6,511 | 6.688% | — | 100 | −$2,189 | |
| 4 | $6,858 | 7.125% | — | 27 | −$1,842 | |
| 5 | $7,395 | 6.875% | — | 53 | −$1,305 | |
| 6 | $7,709 | 7.000% | — | 99 | −$991 | |
| 7 | $7,996 | 6.875% | — | 29 | −$704 | |
| 8 | $8,063 | 7.000% | — | 41 | −$637 | |
| 9 | $8,094 | 6.625% | — | 29 | −$606 | |
| 10 | $8,161 | 7.250% | — | 49 | −$539 | |
| 11 | $8,483 | 6.875% | — | 475 | −$217 | |
| 12 | $9,189 | 6.750% | — | 23 | +$489 | |
| 13 | $9,340 | 6.250% | — | 23 | +$640 | |
| 14 | $10,088 | 6.438% | — | 28 | +$1,388 | |
| 15 | $12,030 | 6.875% | — | 28 | +$3,330 | |
| 16 | $17,716 | 6.500% | — | 73 | +$9,016 | |
| 17 | $19,010 | 6.500% | — | 178 | +$10,310 | |
| 18 | $19,989 | 6.500% | — | 56 | +$11,289 | |
| 19 | $24,744 | 6.250% | — | 114 | +$16,044 | |
| 20 | $26,238 | 6.250% | — | 34 | +$17,538 |
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.