TOWER Federal Credit Union closing costs and rates (2024)
In 2024, TOWER Federal Credit Union originated 122 purchase mortgages at a median interest rate of 6.00% and median total closing costs of $5,929. That is $812 below the national median of $6,741. TOWER Federal Credit Union is most active in Maryland with 84 originations there.
Purchase Originations
122
Median Total Costs
$5,929
−12.1% vs national ($6,741)
Median Rate
6.000%
−9.4% vs national (6.620%)
Median Origination
$1,675
Median Lender Credits
$350
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 122 | 6.000% | $5,929 | $1,675 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 84 | 6.000% | $6,179 | #109 |
| North Carolina | 6 | 6.500% | $4,198 | — |
| Florida | 5 | 6.000% | $8,924 | — |
| Virginia | 5 | 6.250% | $5,108 | — |
| South Carolina | 4 | 6.438% | $5,089 | — |
| Delaware | 2 | 5.812% | $6,739 | — |
| Georgia | 2 | 6.188% | $6,259 | — |
| Illinois | 2 | 6.625% | $4,330 | — |
| Texas | 2 | 6.000% | $5,452 | — |
| Alabama | 1 | 6.125% | $14,057 | — |
| Arizona | 1 | 6.000% | $4,644 | — |
| Colorado | 1 | 6.000% | $3,720 | — |
| District of Columbia | 1 | 6.500% | $10,004 | — |
| Louisiana | 1 | 6.500% | $4,856 | — |
| New Jersey | 1 | 5.625% | $20,502 | — |
| Ohio | 1 | 5.875% | $4,276 | — |
| Oregon | 1 | 5.750% | $3,524 | — |
| Pennsylvania | 1 | 5.000% | $7,946 | — |
| West Virginia | 1 | 6.250% | $4,653 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,720 | 6.000% | — | 1 | −$2,209 | |
| 2 | $4,325 | 5.750% | — | 2 | −$1,604 | |
| 3 | $4,492 | 6.250% | — | 1 | −$1,437 | |
| 4 | $4,719 | 6.750% | — | 2 | −$1,210 | |
| 5 | $4,856 | 6.500% | — | 1 | −$1,073 | |
| 6 | $5,036 | 6.875% | — | 3 | −$893 | |
| 7 | $5,747 | 6.188% | — | 4 | −$182 | |
| 8 | $5,961 | 6.250% | — | 10 | +$32 | |
| 9 | $6,019 | 5.875% | — | 2 | +$90 | |
| 10 | $6,020 | 6.250% | — | 3 | +$91 | |
| 11 | $6,178 | 6.250% | — | 37 | +$249 | |
| 12 | $6,308 | 6.000% | — | 2 | +$379 | |
| 13 | $6,366 | 5.500% | — | 6 | +$437 | |
| 14 | $6,731 | 6.000% | — | 3 | +$802 | |
| 15 | $6,739 | 5.812% | — | 2 | +$810 | |
| 16 | $6,828 | 6.000% | — | 12 | +$899 | |
| 17 | $7,319 | 5.000% | — | 2 | +$1,390 | |
| 18 | $7,876 | 6.500% | — | 1 | +$1,947 | |
| 19 | $8,924 | 6.500% | — | 1 | +$2,995 | |
| 20 | $11,016 | 5.688% | — | 2 | +$5,087 |
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.