USAA Federal Savings Bank closing costs and rates (2024)
In 2024, USAA Federal Savings Bank originated 10,844 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $5,853. That ranks #40 nationally by origination volume. For total closing costs among lenders with 500+ originations, USAA Federal Savings Bank ranks #272. That is $888 below the national median of $6,741. USAA Federal Savings Bank is most active in Texas with 1,141 originations there.
Purchase Originations
10,844
Ranked #40 nationally
Median Total Costs
$5,853
−13.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$1,397
Median Lender Credits
$306
Cost Rank (500+ vol.)
#272
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| va | 7,253 | 6.250% | $6,994 | $886 |
| conventional | 3,591 | 6.625% | $4,942 | $1,889 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,141 | 6.500% | $6,575 | #58 |
| Florida | 733 | 6.500% | $6,270 | #62 |
| North Carolina | 654 | 6.375% | $6,439 | #39 |
| Georgia | 508 | 6.500% | $5,524 | #50 |
| Virginia | 433 | 6.500% | $6,477 | #49 |
| Ohio | 377 | 6.500% | $5,198 | #63 |
| Pennsylvania | 357 | 6.500% | $5,849 | #60 |
| Alabama | 340 | 6.375% | $5,310 | #35 |
| Tennessee | 334 | 6.500% | $5,402 | #48 |
| Illinois | 331 | 6.500% | $5,613 | #65 |
| Missouri | 301 | 6.500% | $4,106 | #41 |
| South Carolina | 288 | 6.500% | $5,421 | #54 |
| Michigan | 263 | 6.375% | $4,367 | #64 |
| California | 262 | 6.375% | $8,195 | #130 |
| Oklahoma | 254 | 6.500% | $5,785 | #31 |
| Arizona | 251 | 6.500% | $7,235 | #60 |
| Indiana | 246 | 6.500% | $3,817 | #70 |
| Washington | 245 | 6.375% | $7,103 | #58 |
| New York | 238 | 6.625% | $6,321 | #75 |
| Colorado | 228 | 6.375% | $6,025 | #68 |
| Kentucky | 223 | 6.500% | $5,560 | #48 |
| Kansas | 199 | 6.500% | $4,782 | #34 |
| Arkansas | 192 | 6.500% | $4,036 | #39 |
| Maryland | 186 | 6.500% | $7,370 | #69 |
| New Mexico | 186 | 6.500% | $5,820 | #23 |
| Wisconsin | 180 | 6.500% | $4,161 | #65 |
| Minnesota | 168 | 6.500% | $5,184 | #67 |
| Louisiana | 154 | 6.500% | $5,515 | #40 |
| Oregon | 138 | 6.375% | $6,776 | #61 |
| Mississippi | 127 | 6.500% | $4,579 | #40 |
| Nevada | 122 | 6.438% | $6,662 | #51 |
| Massachusetts | 109 | 6.375% | $6,304 | #88 |
| Iowa | 94 | 6.500% | $3,729 | #63 |
| Alaska | 90 | 6.500% | $6,653 | #15 |
| Connecticut | 88 | 6.500% | $6,286 | #57 |
| New Jersey | 88 | 6.500% | $6,427 | #114 |
| West Virginia | 85 | 6.500% | $4,638 | #37 |
| Nebraska | 81 | 6.500% | $4,532 | #45 |
| Maine | 75 | 6.375% | $4,773 | #33 |
| Montana | 72 | 6.500% | $5,653 | #23 |
| New Hampshire | 64 | 6.500% | $4,962 | #37 |
| Utah | 58 | 6.375% | $5,342 | #75 |
| Idaho | 56 | 6.312% | $7,468 | #63 |
| Wyoming | 54 | 6.250% | $6,630 | #20 |
| North Dakota | 39 | 6.375% | $6,713 | — |
| South Dakota | 32 | 6.250% | $6,099 | — |
| Vermont | 29 | 6.500% | $4,963 | — |
| Delaware | 25 | 6.375% | $6,920 | — |
| Rhode Island | 21 | 6.500% | $10,924 | — |
| Hawaii | 14 | 6.562% | $7,740 | — |
| District of Columbia | 11 | 6.500% | $10,164 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,490 | 6.500% | — | 42 | −$1,363 | |
| 2 | $4,720 | 6.250% | — | 65 | −$1,133 | |
| 3 | $4,783 | 6.500% | — | 57 | −$1,070 | |
| 4 | $4,801 | 6.438% | — | 62 | −$1,052 | |
| 5 | $4,810 | 6.500% | — | 53 | −$1,043 | |
| 6 | $5,561 | 6.500% | — | 43 | −$292 | |
| 7 | $5,646 | 6.500% | — | 49 | −$207 | |
| 8 | $5,807 | 6.625% | — | 46 | −$46 | |
| 9 | $6,241 | 6.500% | — | 116 | +$388 | |
| 10 | $6,365 | 6.438% | — | 100 | +$512 | |
| 11 | $6,421 | 6.500% | — | 62 | +$568 | |
| 12 | $6,649 | 6.500% | — | 87 | +$796 | |
| 13 | $7,140 | 6.500% | — | 67 | +$1,287 | |
| 14 | $7,361 | 6.500% | — | 115 | +$1,508 | |
| 15 | $7,381 | 6.375% | — | 62 | +$1,528 | |
| 16 | $7,941 | 6.312% | — | 58 | +$2,088 | |
| 17 | $8,280 | 6.250% | — | 75 | +$2,427 | |
| 18 | $8,369 | 6.125% | — | 47 | +$2,516 | |
| 19 | $8,592 | 6.375% | — | 65 | +$2,739 | |
| 20 | $10,858 | 6.375% | — | 45 | +$5,005 |
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.