Building Trades Federal Credit Union Mortgage Rates, Fees & Info

Maple Grove, MN

LEI: 549300CMT3RKMW1QLO34

Tax ID: 41-0831239

Latest/2023 | 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 Home Improvement, Other, and Refi loans. Building Trades Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Faribault, Duluth, Hutchinson, and Winona 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 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

    62

    Origination Dollar Volume (All Markets)

    $5,030,000

    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) 54 $4,220,000 $78,148 $0 0.00%
    Outside of Metro Areas 3 $435,000 $145,000 $0 0.00%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Hutchinson, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Winona, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Building Trades Federal Credit Union's top markets include Minneapolis, Faribault, Duluth, Hutchinson, and Winona among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $5,030,000 $81,129 $0 0.00%

    For 2022, Building Trades Federal Credit Union's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 34 $2,130,000 $62,647 $0 0.00%
    Other 19 $1,025,000 $53,947 $0 0.00%
    Refi 6 $1,310,000 $218,333 $0 0.00%
    Cash Out Refi 3 $565,000 $188,333 $0 0.00%

    For 2022, Building Trades Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Other, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $5,030,000 $81,129 $0 0.00%

    For 2022, Building Trades Federal Credit Union's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,125,000 $47,222 $0 0.00%
    $100k-200k 12 $1,580,000 $131,667 $0 0.00%
    $200k-400k 5 $1,325,000 $265,000 $0 0.00%

    2022 saw Building Trades Federal Credit Union place emphasis on $100,000 or less loans with 45 originations, totaling $2,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $2,005,000 $80,200 $0 0.00%
    $75k-100k 15 $1,235,000 $82,333 $0 0.00%
    $150k-250k 14 $1,290,000 $92,143 $0 0.00%
    $50k-75k 7 $455,000 $65,000 $0 0.00%
    $250k+ 1 $45,000 $45,000 $0 0.00%

    Building Trades Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $5,030,000 $81,129 $0 0.00%

    Building Trades Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 56 $4,740,000 $84,643 $0 0.00%
    Not provided 5 $255,000 $51,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.28%

    Building Trades Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    95.16%

    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 62 $5,030,000 $81,129

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    62 $5,030,000 $81,129