Building Trades Federal Credit Union Mortgage Rates, Fees & Info
Maple Grove, MNLEI: 549300CMT3RKMW1QLO34
Tax ID: 41-0831239
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Mortgage Data
Review & Overview
Building Trades Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Building Trades Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Owatonna, Grand Rapids, and Hutchinson among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Building Trades Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
97Origination Dollar Volume (All Markets)
$8,465,000Top 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) | 89 | $8,005,000 | $89,944 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $235,000 | $78,333 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $8,465,000 | $87,268 | $0 | 0.00% |
For 2019, Building Trades Federal Credit Union's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2019, Building Trades Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 37 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $8,465,000 | $87,268 | $0 | 0.00% |
For 2019, Building Trades Federal Credit Union's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2019 saw Building Trades Federal Credit Union place emphasis on $100,000 or less loans with 66 originations, totaling $3,210,000 in origination value.
Applicant Income
Building Trades Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $75k-100k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $8,465,000 | $87,268 | $0 | 0.00% |
Building Trades Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.14%
Building Trades 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 origination95.88%
Building Trades Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $8,465,000 | $87,268 |