Team One Credit Union Mortgage Rates, Fees & Info
SAGINAW, MILEI: 549300BYPXU2L51NW896
Tax ID: 38-6066199
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Team One Credit Union is a smaller credit union specializing in Home Purchase loans. Team One Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Saginaw, Detroit, Flint, Traverse City, and Bay City among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Team One 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
241Origination Dollar Volume (All Markets)
$28,635,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 124 | $11,630,000 | $93,790 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 40 | $5,660,000 | $141,500 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $3,215,000 | $292,273 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 21 | $1,935,000 | $92,143 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 14 | $1,820,000 | $130,000 | $0 | 0.00% |
| BAY CITY, MI (FHA|USDA|VA) | 14 | $1,500,000 | $107,143 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $0 | 0.00% |
| Alma, MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Ludington, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Alpena, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against TEAM ONE 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 | 239 | $28,445,000 | $119,017 | $0 | 0.00% |
| USDA | 2 | $190,000 | $95,000 | $0 | 0.00% |
For 2024, Team One Credit Union's most frequently originated type of loan was Conventional, with 239 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2024, Team One Credit Union's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Home Improvement, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 241 | $28,635,000 | $118,817 | $0 | 0.00% |
For 2024, Team One Credit Union's most frequently cited loan duration was Other, with 241 originations.
Loan Sizing
2024 saw Team One Credit Union place emphasis on $100,000 or less loans with 136 originations, totaling $7,060,000 in origination value.
Applicant Income
Team One Credit Union lent most frequently to those with incomes in the $50k or less range, with 69 originations. The second most popular income band? $50k-75k, with 58 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 241 | $28,635,000 | $118,817 | $0 | 0.00% |
Team One Credit Union lent most frequently to those with DTI ratios of Exempt%, with 241 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.02%
Team One Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.72%
Team One Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 241 | $28,635,000 | $118,817 |