UNIVERSITY OF MICHIGAN CREDIT UNION closing costs and rates (2024)
In 2024, UNIVERSITY OF MICHIGAN CREDIT UNION originated 136 purchase mortgages at a median interest rate of 6.69% and median total closing costs of $3,150. That is $3,591 below the national median of $6,741. UNIVERSITY OF MICHIGAN CREDIT UNION is most active in Michigan with 136 originations there.
Purchase Originations
136
Median Total Costs
$3,150
−53.3% vs national ($6,741)
Median Rate
6.688%
+1.0% vs national (6.620%)
Median Origination
$750
Median Lender Credits
$750
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 136 | 6.688% | $3,150 | $750 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Michigan | 136 | 6.688% | $3,150 | #99 |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,509 | 6.250% | — | 1 | −$641 | |
| 2 | $2,520 | 6.750% | — | 1 | −$630 | |
| 3 | $2,522 | 6.500% | — | 1 | −$628 | |
| 4 | $2,646 | 6.875% | — | 1 | −$504 | |
| 5 | $2,732 | 6.875% | — | 1 | −$418 | |
| 6 | $2,748 | 6.125% | — | 1 | −$402 | |
| 7 | $2,866 | 6.875% | — | 1 | −$284 | |
| 8 | $2,896 | 6.375% | — | 5 | −$254 | |
| 9 | $3,016 | 6.500% | — | 13 | −$134 | |
| 10 | $3,020 | 6.750% | — | 7 | −$130 | |
| 11 | $3,116 | 6.625% | — | 1 | −$34 | |
| 12 | $3,126 | 6.500% | — | 29 | −$24 | |
| 13 | $3,150 | 6.875% | — | 1 | +$0 | |
| 14 | $3,168 | 6.875% | — | 1 | +$18 | |
| 15 | $3,173 | 6.375% | — | 3 | +$23 | |
| 16 | $3,203 | 6.750% | — | 60 | +$53 | |
| 17 | $3,254 | 6.812% | — | 6 | +$104 | |
| 18 | $3,283 | 6.375% | — | 1 | +$133 | |
| 19 | $3,408 | 6.750% | — | 2 | +$258 |
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.