St. Paul Federal Credit Union Mortgage Rates, Fees & Info

St. Paul, MN

LEI: 254900TFUMB07CBEN720

Tax ID: 41-0759020

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    St. Paul Federal Credit Union is a smaller credit union specializing in 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, Grand Rapids, Alexandria, and Fergus Falls among others. We have data for 9 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. St. Paul Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $19,755,000

    Awards

    St. Paul Federal Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    Top 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) 116 $17,550,000 $151,293 $2,074 4.52%
    Outside of Metro Areas 8 $960,000 $120,000 $1,930 4.36%
    Brainerd, MN (FHA|USDA|VA) 1 $285,000 $285,000 $1,599 4.00%
    Grand Rapids, MN (FHA|USDA|VA) 1 $215,000 $215,000 $3,149 4.50%
    Alexandria, MN (FHA|USDA|VA) 1 $205,000 $205,000 $2,696 3.88%
    Fergus Falls, MN (FHA|USDA|VA) 1 $205,000 $205,000 $3,239 4.88%
    Red Wing, MN (FHA|USDA|VA) 1 $195,000 $195,000 $3,174 4.88%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $75,000 $75,000 $1,642 3.88%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $2,255 4.13%
    St. Paul Federal Credit Union's top markets include Minneapolis, Brainerd, Grand Rapids, Alexandria, and Fergus Falls among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • 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.

    Cornerstone State Bank
    Similarity Rank: 408
    MEMBERS COOPERATIVE
    Similarity Rank: 630
    WESTconsin Credit Union
    Similarity Rank: 795
    SHAREPOINT CREDIT UNION
    Similarity Rank: 816
    South Metro Federal Credit Union
    Similarity Rank: 882
    First National Bank of Elk River
    Similarity Rank: 984
    Liberty Bank Minnesota
    Similarity Rank: 1080
    ST. CLOUD FINANCIAL
    Similarity Rank: 1150
    First State Bank and Trust
    Similarity Rank: 1162
    St. Paul Federal Credit Union
    Similarity Rank: 1197

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $19,755,000 $150,802 $2,090 4.50%

    For 2018, St. Paul Federal Credit Union's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 62 $7,960,000 $128,387 $1,284 4.40%
    Home Purchase 61 $10,875,000 $178,279 $2,987 4.55%
    Cash Out Refi 8 $920,000 $115,000 $1,501 4.88%

    For 2018, St. Paul Federal Credit Union's most frequently cited loan purpose was Refi, with 62 originations. The 2nd most popular reason was Home Purchase, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 63 $7,905,000 $125,476 $1,487 4.30%
    30 Year 49 $9,785,000 $199,694 $3,210 4.73%
    10 Year 12 $1,030,000 $85,833 $945 4.48%
    20 Year 4 $780,000 $195,000 $2,124 4.63%
    Other 2 $220,000 $110,000 $1,299 4.00%
    5 Year 1 $35,000 $35,000 $413 6.00%

    For 2018, St. Paul Federal Credit Union's most frequently cited loan duration was 15 Year, with 63 originations. The 2nd most popular length was 30 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 82 $14,820,000 $180,732
    $<1k 47 $4,275,000 $90,957
    $2k-3k 1 $335,000 $335,000
    $3k-4k 1 $325,000 $325,000

    St. Paul Federal Credit Union's average total fees were $3,210, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 82 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 63 $11,485,000 $182,302
    3-4% 47 $6,515,000 $138,617
    5-6% 15 $1,445,000 $96,333
    6-7% 6 $310,000 $51,667

    During 2018, St. Paul Federal Credit Union's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 63 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,585,000 $150,614 $2,139 4.25%
    $100,000 or less 38 $2,320,000 $61,053 $1,149 4.89%
    $200k-400k 35 $8,445,000 $241,286 $2,989 4.48%
    $400k-600k 1 $405,000 $405,000 $3,589 4.75%

    2018 saw St. Paul Federal Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $8,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $6,875,000 $176,282 $2,110 4.36%
    $75k-100k 38 $5,310,000 $139,737 $2,125 4.73%
    $50k-75k 22 $2,870,000 $130,455 $2,014 4.29%
    $150k-250k 21 $3,495,000 $166,429 $2,137 4.69%
    $50k or less 9 $855,000 $95,000 $2,167 4.13%
    $250k+ 2 $350,000 $175,000 $1,030 4.75%

    St. Paul Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $75k-100k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2 $350,000 $175,000 $3,064 5.00%
    30-36% 1 $215,000 $215,000 $3,246 4.63%

    St. Paul Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2 originations. The next most common DTI ratio? 30-36%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $17,990,000 $149,917 $2,105 4.46%
    Black 5 $785,000 $157,000 $1,912 4.95%
    Native Hawaiian or Islander 1 $275,000 $275,000 $2,922 4.63%
    Not provided 1 $225,000 $225,000 $1,349 3.75%
    Asian 2 $180,000 $90,000 $1,622 5.94%
    Filipino 1 $175,000 $175,000 $1,399 4.00%
    Japanese 1 $125,000 $125,000 $2,764 4.63%

    Approval Rates

    Total approvals of all applications
    93.25%

    St. Paul Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.97%

    St. Paul Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 131 $19,755,000 $150,802

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 131 $19,755,000 $150,802

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STIFEL FINANCIAL CORP. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    STIFEL FINANCIAL CORP. Conventional home mortgage Trouble during payment process 1 25.0%
    STIFEL FINANCIAL CORP. VA mortgage Closing on a mortgage 1 25.0%
    STIFEL FINANCIAL CORP. VA mortgage Trouble during payment process 1 25.0%