Building Trades Federal Credit Union Mortgage Rates, Fees & Info

Maple Grove, MN

LEI: 549300CMT3RKMW1QLO34

Tax ID: 41-0831239

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Building Trades Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Building Trades Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Eau Claire, Red Wing, and St. Cloud among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Building Trades Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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    Originations

    75

    Origination Dollar Volume (All Markets)

    $5,335,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 63 $4,435,000 $70,397 $0 0.00%
    Outside of Metro Areas 4 $310,000 $77,500 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Red Wing, MN (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Hutchinson, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    MANKATO, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Building Trades Federal Credit Union's top markets include Minneapolis, Duluth, Eau Claire, Red Wing, and St. Cloud among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $5,335,000 $71,133 $0 0.00%

    For 2024, Building Trades Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 35 $2,645,000 $75,571 $0 0.00%
    Home Improvement 30 $1,610,000 $53,667 $0 0.00%
    Refi 7 $495,000 $70,714 $0 0.00%
    Home Purchase 3 $585,000 $195,000 $0 0.00%

    For 2024, Building Trades Federal Credit Union's most frequently cited loan purpose was Other, with 35 originations. The 2nd most popular reason was Home Improvement, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $5,335,000 $71,133 $0 0.00%

    For 2024, Building Trades Federal Credit Union's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,425,000 $56,148 $0 0.00%
    $100k-200k 12 $1,480,000 $123,333 $0 0.00%
    $200k-400k 2 $430,000 $215,000 $0 0.00%

    2024 saw Building Trades Federal Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $3,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $1,740,000 $72,500 $0 0.00%
    $150k-250k 19 $1,555,000 $81,842 $0 0.00%
    $75k-100k 18 $1,090,000 $60,556 $0 0.00%
    $50k-75k 10 $610,000 $61,000 $0 0.00%
    $50k or less 3 $275,000 $91,667 $0 0.00%
    $250k+ 1 $65,000 $65,000 $0 0.00%

    Building Trades Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 75 $5,335,000 $71,133 $0 0.00%

    Building Trades Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $4,625,000 $73,413 $0 0.00%
    Not provided 10 $640,000 $64,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.77%

    Building Trades Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.67%

    Building Trades Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $5,335,000 $71,133

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $5,335,000 $71,133