St. Paul Federal Credit Union Mortgage Rates, Fees & Info
St. Paul, MNLEI: 254900TFUMB07CBEN720
Tax ID: 41-0759020
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Mortgage Data
Review & Overview
St. Paul Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. St. Paul Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Grand Rapids, Mankato, Red Wing, 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.
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Originations
131Origination Dollar Volume (All Markets)
$23,315,000Top 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) | 113 | $20,795,000 | $184,027 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $1,225,000 | $136,111 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Alexandria, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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 | 131 | $23,315,000 | $177,977 | $0 | 0.00% |
For 2019, 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 |
|---|---|---|---|---|---|
| Cash Out Refi | 57 | $8,525,000 | $149,561 | $0 | 0.00% |
| Home Purchase | 46 | $9,520,000 | $206,957 | $0 | 0.00% |
| Refi | 28 | $5,270,000 | $188,214 | $0 | 0.00% |
For 2019, St. Paul Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 57 originations. The 2nd most popular reason was Home Purchase, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 131 | $23,315,000 | $177,977 | $0 | 0.00% |
For 2019, St. Paul Federal Credit Union's most frequently cited loan duration was Other, with 131 originations.
Loan Sizing
2019 saw St. Paul Federal Credit Union place emphasis on $100k-200k loans with 64 originations, totaling $9,820,000 in origination value.
Applicant Income
St. Paul Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $150k-250k, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 131 | $23,315,000 | $177,977 | $0 | 0.00% |
St. Paul Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.19%
St. Paul Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination76.34%
St. Paul Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 131 | $23,315,000 | $177,977 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 131 | $23,315,000 | $177,977 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STIFEL FINANCIAL CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| STIFEL FINANCIAL CORP. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| STIFEL FINANCIAL CORP. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |