Team One Credit Union Mortgage Rates, Fees & Info

SAGINAW, MI

LEI: 549300BYPXU2L51NW896

Tax ID: 38-6066199

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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. Their top markets by origination volume include: Saginaw, Traverse City, Flint, Detroit, 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. Team One 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.47% 11/21/24
    30 Year Conventional Refi 6.58% 11/21/24
    30 Year Cash-out Refi 6.62% 11/21/24
    30 Year USDA Purchase 7.19% 11/21/24
    15 Year Conventional Purchase 5.81% 11/21/24
    15 Year Conventional Refi 5.91% 11/21/24
    15 Year Cash-out Refi 5.91% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Team One Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Team One Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    327

    Origination Dollar Volume (All Markets)

    $35,045,000

    Awards

    TEAM ONE CREDIT UNION USDA Loans bronze TEAM ONE CREDIT UNION USDA Loans silver TEAM ONE CREDIT UNION 30 Year Conventional Loans silver TEAM ONE CREDIT UNION 30 Year Conventional Loans bronze
    Show all (4) 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
    Outside of Metro Areas 176 $15,420,000 $87,614 $1,819 4.76%
    SAGINAW, MI (FHA|USDA|VA) 49 $6,395,000 $130,510 $1,900 4.73%
    Traverse City, MI (FHA|USDA|VA) 22 $3,530,000 $160,455 $2,317 4.54%
    FLINT, MI (FHA|USDA|VA) 26 $2,900,000 $111,538 $1,996 4.88%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 16 $2,240,000 $140,000 $1,856 4.77%
    BAY CITY, MI (FHA|USDA|VA) 13 $1,585,000 $121,923 $1,437 4.74%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 6 $1,060,000 $176,667 $1,556 4.92%
    MIDLAND, MI (FHA|USDA|VA) 7 $685,000 $97,857 $719 4.63%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $450,000 $112,500 $2,252 4.50%
    JACKSON, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.75%
    Alpena, MI (FHA|USDA|VA) 2 $150,000 $75,000 $2,688 4.56%
    Cadillac, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,209 4.75%
    Houghton, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,423 4.88%
    Marquette, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,184 4.25%
    Ludington, MI (FHA|USDA|VA) 1 $35,000 $35,000 $448 5.49%
    Alma, MI (FHA|USDA|VA) 1 $35,000 $35,000 $448 5.99%
    Team One Credit Union's top markets include Saginaw, Traverse City, Flint, Detroit, and Bay City among others.

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

    • 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.

    Polish-American Federal Credit Union
    Similarity Rank: 32
    SUNRISE FAMILY CREDIT UNION
    Similarity Rank: 54
    FinancialEdge Community Credit Union
    Similarity Rank: 56
    St James Mortgage Corporation
    Similarity Rank: 120
    HEALTH ADVANTAGE FEDERAL CREDIT UNION
    Similarity Rank: 128
    Isabella Bank
    Similarity Rank: 171
    Dort Financial Credit Union
    Similarity Rank: 180
    Wanigas Credit Union
    Similarity Rank: 220
    FINANCIAL PLUS CREDIT UNION
    Similarity Rank: 280
    FreeStar Financial Credit Union
    Similarity Rank: 345

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 291 $31,305,000 $107,577 $1,759 4.74%
    USDA 36 $3,740,000 $103,889 $2,530 4.86%

    For 2018, Team One Credit Union's most frequently originated type of loan was Conventional, with 291 originations. Their 2nd most popular type was USDA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 223 $26,255,000 $117,735 $1,923 4.70%
    Cash Out Refi 40 $3,950,000 $98,750 $2,218 4.49%
    Other 26 $1,980,000 $76,154 $1,547 5.38%
    Refi 26 $2,510,000 $96,538 $1,459 4.49%
    Home Improvement 12 $350,000 $29,167 $613 5.77%

    For 2018, Team One Credit Union's most frequently cited loan purpose was Home Purchase, with 223 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 222 $27,980,000 $126,036 $2,057 4.75%
    15 Year 62 $4,780,000 $77,097 $1,607 4.53%
    10 Year 19 $645,000 $33,947 $770 5.26%
    20 Year 14 $1,400,000 $100,000 $1,887 4.56%
    5 Year 10 $240,000 $24,000 $566 5.42%

    For 2018, Team One Credit Union's most frequently cited loan duration was 30 Year, with 222 originations. The 2nd most popular length was 15 Year, with 62 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 252 $25,450,000 $100,992
    $1k-2k 49 $5,625,000 $114,796
    $2k-3k 17 $1,995,000 $117,353
    $3k-4k 6 $1,190,000 $198,333
    $5k+ 3 $785,000 $261,667

    Team One Credit Union's average total fees were $2,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 252 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 276 $30,000,000 $108,696
    5-6% 36 $4,340,000 $120,556
    3-4% 8 $500,000 $62,500
    6-7% 5 $145,000 $29,000
    7-8% 2 $60,000 $30,000

    During 2018, Team One Credit Union's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 276 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 177 $10,495,000 $59,294 $1,546 4.78%
    $100k-200k 123 $16,515,000 $134,268 $2,084 4.71%
    $200k-400k 26 $6,730,000 $258,846 $2,809 4.69%
    $1MM+ 1 $1,305,000 $1,305,000 $0 5.25%

    2018 saw Team One Credit Union place emphasis on $100,000 or less loans with 177 originations, totaling $10,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 134 $10,250,000 $76,493 $1,783 4.78%
    $50k-75k 108 $11,220,000 $103,889 $1,727 4.78%
    $75k-100k 38 $5,050,000 $132,895 $2,089 4.70%
    $100k-150k 32 $4,740,000 $148,125 $1,701 4.67%
    $150k-250k 14 $2,480,000 $177,143 $3,127 4.60%
    $250k+ 1 $1,305,000 $1,305,000 $0 5.25%

    Team One Credit Union lent most frequently to those with incomes in the $50k or less range, with 134 originations. The second most popular income band? $50k-75k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $9,490,000 $112,976 $1,663 4.77%
    30-36% 76 $8,510,000 $111,974 $1,975 4.73%
    <20% 41 $3,475,000 $84,756 $1,676 4.82%
    39% 20 $2,670,000 $133,500 $2,478 4.64%
    38% 16 $1,490,000 $93,125 $1,495 4.80%
    42% 15 $1,565,000 $104,333 $1,827 4.80%
    36% 13 $1,135,000 $87,308 $2,038 4.84%
    37% 13 $1,775,000 $136,538 $1,614 4.65%
    41% 10 $1,050,000 $105,000 $1,859 4.71%
    45% 9 $675,000 $75,000 $1,808 4.49%
    43% 7 $635,000 $90,714 $1,910 4.64%
    40% 7 $605,000 $86,429 $2,354 4.84%
    46% 5 $445,000 $89,000 $1,808 4.58%
    44% 3 $445,000 $148,333 $2,259 4.92%
    >60% 2 $330,000 $165,000 $1,120 4.75%
    47% 2 $120,000 $60,000 $1,031 4.75%
    49% 2 $330,000 $165,000 $992 4.75%
    50-60% 1 $85,000 $85,000 $1,907 5.75%
    48% 1 $215,000 $215,000 $7,389 4.63%

    Team One Credit Union lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 298 $31,970,000 $107,282 $1,871 4.74%
    Not provided 17 $1,985,000 $116,765 $1,403 4.74%
    Black 10 $950,000 $95,000 $1,828 5.12%
    Asian Indian 1 $95,000 $95,000 $2,543 4.63%
    Native Hawaiian or Islander 1 $45,000 $45,000 $708 4.99%

    Approval Rates

    Total approvals of all applications
    91.34%

    Team One Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.16%

    Team One Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 327 $35,045,000 $107,171

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $585,000 $53,182
    Single Family (1-4 Units):Site-Built 316 $34,460,000 $109,051

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $880,000 $44,000 $1,017 5.37%
    40-60% 29 $1,945,000 $67,069 $1,354 4.88%
    60-80% 82 $9,210,000 $112,317 $2,041 4.56%
    80-100% 182 $20,850,000 $114,560 $1,971 4.70%
    Over 100% 5 $1,965,000 $393,000 $2,450 5.00%
    Under 20% 9 $195,000 $21,667 $557 5.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    THE MONEY HOUSE, INC. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    THE MONEY HOUSE, INC. Reverse mortgage Struggling to pay mortgage 1 50.0%