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, Refi, and Cash Out Refi 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, Traverse City, Bay City, and Flint among others. We have data for 15 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.47% 5/4/24
    30 Year Conventional Refi 6.58% 5/4/24
    30 Year Cash-out Refi 6.62% 5/4/24
    30 Year USDA Purchase 7.19% 5/4/24
    15 Year Conventional Purchase 5.81% 5/4/24
    15 Year Conventional Refi 5.91% 5/4/24
    15 Year Cash-out Refi 5.91% 5/4/24
    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

    684

    Origination Dollar Volume (All Markets)

    $93,530,000

    Awards

    TEAM ONE 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
    Outside of Metro Areas 309 $34,505,000 $111,667 $807 2.94%
    SAGINAW, MI (FHA|USDA|VA) 126 $17,390,000 $138,016 $902 3.04%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 78 $14,200,000 $182,051 $1,289 3.02%
    Traverse City, MI (FHA|USDA|VA) 35 $6,875,000 $196,429 $764 3.08%
    BAY CITY, MI (FHA|USDA|VA) 42 $6,140,000 $146,190 $451 2.92%
    FLINT, MI (FHA|USDA|VA) 38 $5,510,000 $145,000 $1,394 2.98%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 17 $3,195,000 $187,941 $799 3.21%
    MIDLAND, MI (FHA|USDA|VA) 12 $1,530,000 $127,500 $888 2.95%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 11 $1,375,000 $125,000 $566 3.27%
    JACKSON, MI (FHA|USDA|VA) 4 $680,000 $170,000 $1,929 2.84%
    Holland, MI (FHA|USDA|VA) 2 $660,000 $330,000 $2,665 3.31%
    ANN ARBOR, MI (FHA|USDA|VA) 4 $570,000 $142,500 $1,025 3.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 3 $525,000 $175,000 $909 3.08%
    Cadillac, MI (FHA|USDA|VA) 2 $300,000 $150,000 $1,564 3.13%
    Alpena, MI (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.38%
    Team One Credit Union's top markets include Saginaw, Detroit, Traverse City, Bay City, and Flint 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.

    Great Lakes Federal Credit Union
    Similarity Rank: 28
    FinancialEdge Community Credit Union
    Similarity Rank: 54
    SUNRISE FAMILY CREDIT UNION
    Similarity Rank: 55
    HEALTH ADVANTAGE FEDERAL CREDIT UNION
    Similarity Rank: 154
    JOLT CREDIT UNION
    Similarity Rank: 171
    MEMBERS FIRST Credit Union
    Similarity Rank: 224
    ADVANTAGE ONE Credit Union
    Similarity Rank: 287
    St James Mortgage Corporation
    Similarity Rank: 408
    Polish-American Federal Credit Union
    Similarity Rank: 434
    SECURITY CREDIT UNION
    Similarity Rank: 441

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 672 $92,090,000 $137,039 $882 2.99%
    USDA 12 $1,440,000 $120,000 $1,910 3.32%

    For 2020, Team One Credit Union's most frequently originated type of loan was Conventional, with 672 originations. Their 2nd most popular type was USDA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 253 $35,695,000 $141,087 $1,217 3.21%
    Refi 251 $35,455,000 $141,255 $566 2.80%
    Cash Out Refi 141 $19,245,000 $136,489 $1,020 2.86%
    Other 22 $2,050,000 $93,182 $596 2.93%
    Home Improvement 17 $1,085,000 $63,824 $531 3.74%

    For 2020, Team One Credit Union's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was Refi, with 251 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 328 $49,640,000 $151,341 $1,124 3.23%
    15 Year 238 $29,320,000 $123,193 $685 2.67%
    20 Year 71 $10,295,000 $145,000 $580 3.01%
    10 Year 44 $4,150,000 $94,318 $933 2.78%
    5 Year 3 $125,000 $41,667 $575 5.16%

    For 2020, Team One Credit Union's most frequently cited loan duration was 30 Year, with 328 originations. The 2nd most popular length was 15 Year, with 238 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 612 $82,460,000 $134,739
    $1k-2k 47 $6,455,000 $137,340
    $2k-3k 15 $2,375,000 $158,333
    $3k-4k 8 $1,540,000 $192,500
    $5k+ 2 $700,000 $350,000

    Team One Credit Union's average total fees were $1,124, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 612 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 279 $40,305,000 $144,462
    <2.5% 203 $24,475,000 $120,567
    3-4% 185 $27,375,000 $147,973
    5-6% 9 $545,000 $60,556
    4-5% 6 $710,000 $118,333
    6-7% 2 $120,000 $60,000

    During 2020, Team One Credit Union's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 2.5-3%, with 279 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 321 $45,125,000 $140,576 $967 2.98%
    $100,000 or less 245 $17,115,000 $69,857 $770 3.01%
    $200k-400k 111 $27,975,000 $252,027 $893 2.99%
    $400k-600k 7 $3,315,000 $473,571 $2,543 3.05%

    2020 saw Team One Credit Union place emphasis on $100k-200k loans with 321 originations, totaling $45,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 198 $23,380,000 $118,081 $854 3.03%
    $50k or less 174 $16,070,000 $92,356 $1,003 3.03%
    $100k-150k 131 $21,665,000 $165,382 $961 2.88%
    $75k-100k 122 $17,850,000 $146,311 $765 3.05%
    $150k-250k 48 $10,670,000 $222,292 $818 2.86%
    $250k+ 11 $3,895,000 $354,091 $1,255 2.94%

    Team One Credit Union lent most frequently to those with incomes in the $50k-75k range, with 198 originations. The second most popular income band? $50k or less, with 174 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 236 $32,670,000 $138,432 $947 2.93%
    30-36% 164 $20,810,000 $126,890 $901 3.09%
    <20% 96 $13,340,000 $138,958 $673 2.95%
    40% 25 $3,835,000 $153,400 $1,127 2.96%
    37% 24 $3,430,000 $142,917 $1,199 3.27%
    36% 20 $2,470,000 $123,500 $278 2.98%
    39% 20 $2,480,000 $124,000 $1,097 3.01%
    42% 19 $2,795,000 $147,105 $1,119 3.16%
    38% 17 $2,125,000 $125,000 $801 2.95%
    41% 14 $2,360,000 $168,571 $685 2.84%
    43% 10 $1,130,000 $113,000 $1,775 2.98%
    47% 8 $1,380,000 $172,500 $632 2.92%
    46% 7 $945,000 $135,000 $1,242 3.04%
    44% 7 $1,175,000 $167,857 $1,305 3.05%
    48% 6 $1,120,000 $186,667 $896 2.79%
    45% 5 $575,000 $115,000 $1,025 2.78%
    49% 3 $455,000 $151,667 $0 2.50%
    >60% 2 $370,000 $185,000 $0 3.25%
    50-60% 1 $65,000 $65,000 $0 2.50%

    Team One Credit Union lent most frequently to those with DTI ratios of 20-30%, with 236 originations. The next most common DTI ratio? 30-36%, with 164 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 544 $73,730,000 $135,533 $865 3.00%
    Not provided 121 $16,955,000 $140,124 $826 2.96%
    Black 13 $1,865,000 $143,462 $2,586 2.94%
    Asian 4 $750,000 $187,500 $2,060 2.88%
    American Indian 2 $230,000 $115,000 $1,769 2.75%

    Approval Rates

    Total approvals of all applications
    94.02%

    Team One Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.62%

    Team One Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 684 $93,530,000 $136,740

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 19 $1,455,000 $76,579
    Single Family (1-4 Units):Site-Built 665 $92,075,000 $138,459

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 39 $3,265,000 $83,718 $595 2.82%
    40-60% 106 $12,280,000 $115,849 $683 2.80%
    60-80% 279 $40,035,000 $143,495 $885 2.92%
    80-100% 253 $37,675,000 $148,913 $1,063 3.14%
    Under 20% 6 $210,000 $35,000 $726 4.62%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    THE MONEY HOUSE, INC. Conventional home mortgage Closing on a mortgage 1 16.7%
    THE MONEY HOUSE, INC. VA mortgage Closing on a mortgage 5 83.3%