St. Paul Federal Credit Union Mortgage Rates, Fees & Info
St. Paul, MNLEI: 254900TFUMB07CBEN720
Tax ID: 41-0759020
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
St. Paul Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. St. Paul Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, and Faribault among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)St. Paul Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
33Origination Dollar Volume (All Markets)
$7,145,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 27 | $6,085,000 | $225,370 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $570,000 | $142,500 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against St. Paul Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $7,145,000 | $216,515 | $0 | 0.00% |
For 2024, St. Paul Federal Credit Union's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 24 | $5,650,000 | $235,417 | $0 | 0.00% |
| Cash Out Refi | 9 | $1,495,000 | $166,111 | $0 | 0.00% |
For 2024, St. Paul Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $7,145,000 | $216,515 | $0 | 0.00% |
For 2024, St. Paul Federal Credit Union's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2024 saw St. Paul Federal Credit Union place emphasis on $200k-400k loans with 19 originations, totaling $5,155,000 in origination value.
Applicant Income
St. Paul Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $7,145,000 | $216,515 | $0 | 0.00% |
St. Paul Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.73%
St. Paul Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.70%
St. Paul Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $7,145,000 | $216,515 |