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, 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, Red Wing, Fergus Falls, St. Cloud, and Brainerd 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
197Origination Dollar Volume (All Markets)
$40,535,000Top 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) | 173 | $36,415,000 | $210,491 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,630,000 | $135,833 | $0 | 0.00% |
| Red Wing, MN (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Worthington, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $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 | 197 | $40,535,000 | $205,761 | $0 | 0.00% |
For 2020, St. Paul Federal Credit Union's most frequently originated type of loan was Conventional, with 197 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 84 | $16,400,000 | $195,238 | $0 | 0.00% |
| Refi | 66 | $13,380,000 | $202,727 | $0 | 0.00% |
| Home Purchase | 47 | $10,755,000 | $228,830 | $0 | 0.00% |
For 2020, St. Paul Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 84 originations. The 2nd most popular reason was Refi, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 197 | $40,535,000 | $205,761 | $0 | 0.00% |
For 2020, St. Paul Federal Credit Union's most frequently cited loan duration was Other, with 197 originations.
Loan Sizing
2020 saw St. Paul Federal Credit Union place emphasis on $200k-400k loans with 92 originations, totaling $24,020,000 in origination value.
Applicant Income
St. Paul Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 197 | $40,535,000 | $205,761 | $0 | 0.00% |
St. Paul Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.08%
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 origination72.59%
St. Paul Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 197 | $40,535,000 | $205,761 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 197 | $40,535,000 | $205,761 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| 1st Florida Lending CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |