St. Paul Federal Credit Union Mortgage Rates, Fees & Info
St. Paul, MNLEI: 254900TFUMB07CBEN720
Tax ID: 41-0759020
Latest/2023 | 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 Cash Out Refi and Home Purchase loans. St. Paul Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, and Fargo 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
46Origination Dollar Volume (All Markets)
$8,640,000Top 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) | 36 | $6,560,000 | $182,222 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,155,000 | $165,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $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 | 46 | $8,640,000 | $187,826 | $0 | 0.00% |
For 2023, St. Paul Federal Credit Union's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 27 | $3,885,000 | $143,889 | $0 | 0.00% |
| Home Purchase | 14 | $4,080,000 | $291,429 | $0 | 0.00% |
| Refi | 5 | $675,000 | $135,000 | $0 | 0.00% |
For 2023, St. Paul Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $8,640,000 | $187,826 | $0 | 0.00% |
For 2023, St. Paul Federal Credit Union's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw St. Paul Federal Credit Union place emphasis on $100,000 or less loans with 17 originations, totaling $1,085,000 in origination value.
Applicant Income
St. Paul Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $8,640,000 | $187,826 | $0 | 0.00% |
St. Paul Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.54%
St. Paul Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination65.22%
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 | 46 | $8,640,000 | $187,826 |