Sharepoint Credit Union Mortgage Rates, Fees & Info

Bloomington, MN

LEI: 549300DL0FLZ3XZV5J76

Tax ID: 41-6024250

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
  • 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

    Sharepoint Credit Union is a smaller credit union specializing in Home Purchase loans. Sharepoint Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, San Francisco, Duluth, New Orleans, and Prescott Valley among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sharepoint Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sharepoint 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 relatively high 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 6.42% 5/4/24
    30 Year Conventional Refi 5.91% 5/4/24
    30 Year Cash-out Refi 6.50% 5/4/24
    15 Year Conventional Purchase 5.73% 5/4/24
    15 Year Conventional Refi 5.85% 5/4/24
    15 Year Cash-out Refi 5.85% 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.

    Sharepoint Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Sharepoint 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

    234

    Origination Dollar Volume (All Markets)

    $34,220,000

    Awards

    SHAREPOINT CREDIT UNION 30 Year Conventional Loans gold
    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 207 $29,445,000 $142,246 $1,250 4.79%
    Outside of Metro Areas 10 $1,490,000 $149,000 $1,962 4.71%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $7,385 4.88%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $560,000 $280,000 $3,356 4.81%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $345,000 $345,000 $4,416 5.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $7,742 4.63%
    ST. CLOUD, MN (FHA|USDA|VA) 3 $235,000 $78,333 $1,004 5.58%
    Faribault-Northfield, MN (FHA|USDA|VA) 3 $215,000 $71,667 $242 4.66%
    Fergus Falls, MN (FHA|USDA|VA) 1 $215,000 $215,000 $2,465 4.13%
    Brainerd, MN (FHA|USDA|VA) 2 $180,000 $90,000 $2,731 3.94%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,500 5.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $25,000 $25,000 $209 4.49%
    Red Wing, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.50%
    Sharepoint Credit Union's top markets include Minneapolis, San Francisco, Duluth, New Orleans, and Prescott Valley among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against SHAREPOINT CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MY Credit Union
    Similarity Rank: 304
    South Metro Federal Credit Union
    Similarity Rank: 429
    Cornerstone State Bank
    Similarity Rank: 464
    WESTconsin Credit Union
    Similarity Rank: 684
    Coulee Bank
    Similarity Rank: 1309
    MEMBERS COOPERATIVE
    Similarity Rank: 1610
    Liberty Bank Minnesota
    Similarity Rank: 1660
    University of Wisconsin Credit Union
    Similarity Rank: 1677
    Lakeview Community Capital, LLC
    Similarity Rank: 1700
    IDEAL
    Similarity Rank: 1755

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 234 $34,220,000 $146,239 $1,388 4.79%

    For 2022, Sharepoint Credit Union's most frequently originated type of loan was Conventional, with 234 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 61 $3,755,000 $61,557 $253 4.49%
    Home Purchase 57 $15,065,000 $264,298 $3,770 5.22%
    Other 51 $2,745,000 $53,824 $264 4.74%
    Refi 35 $6,605,000 $188,714 $619 4.78%
    Cash Out Refi 30 $6,050,000 $201,667 $2,707 4.68%

    For 2022, Sharepoint Credit Union's most frequently cited loan purpose was Home Improvement, with 61 originations. The 2nd most popular reason was Home Purchase, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 72 $8,290,000 $115,139 $323 4.60%
    15 Year 62 $5,670,000 $91,452 $726 4.88%
    30 Year 59 $16,925,000 $286,864 $3,544 5.23%
    5 Year 22 $650,000 $29,545 $161 4.27%
    Other 15 $975,000 $65,000 $357 4.21%
    1 Year 2 $1,210,000 $605,000 $0 5.88%
    20 Year 1 $195,000 $195,000 $2,868 3.87%
    3 Year 1 $305,000 $305,000 $0 5.50%

    For 2022, Sharepoint Credit Union's most frequently cited loan duration was 10 Year, with 72 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 197 $24,595,000 $124,848
    $1k-2k 1 $345,000 $345,000
    $2k-3k 1 $305,000 $305,000
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $1,405,000 $1,405,000

    Sharepoint Credit Union's average total fees were $3,544, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 197 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 85 $14,495,000 $170,529
    3-4% 69 $6,625,000 $96,014
    5-6% 47 $7,565,000 $160,957
    6-7% 26 $4,660,000 $179,231
    7-8% 2 $160,000 $80,000
    2.5-3% 2 $470,000 $235,000
    Over 8% 1 $45,000 $45,000
    <2.5% 1 $115,000 $115,000

    During 2022, Sharepoint Credit Union's average interest rate for loans was 5.23%, while their most frequently originated rate bucket for loans was 4-5%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 130 $6,070,000 $46,692 $328 4.69%
    $200k-400k 47 $12,765,000 $271,596 $2,959 4.95%
    $100k-200k 42 $6,140,000 $146,190 $2,075 4.77%
    $400k-600k 11 $5,105,000 $464,091 $3,551 5.31%
    $1MM+ 2 $2,460,000 $1,230,000 $13,143 4.50%
    $600k-1MM 2 $1,680,000 $840,000 $0 5.13%

    2022 saw Sharepoint Credit Union place emphasis on $100,000 or less loans with 130 originations, totaling $6,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $7,290,000 $110,455 $1,059 4.49%
    $50k-75k 41 $4,985,000 $121,585 $1,656 4.90%
    $150k-250k 38 $6,150,000 $161,842 $1,275 4.61%
    $75k-100k 33 $3,645,000 $110,455 $1,338 5.04%
    $250k+ 9 $3,775,000 $419,444 $3,870 4.87%
    $50k or less 9 $575,000 $63,889 $999 4.98%

    Sharepoint Credit Union lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $50k-75k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $7,990,000 $137,759 $1,249 4.46%
    30-36% 35 $5,685,000 $162,429 $1,729 4.96%
    <20% 31 $2,845,000 $91,774 $761 4.39%
    44% 14 $1,840,000 $131,429 $1,588 4.88%
    38% 11 $2,125,000 $193,182 $2,337 4.89%
    40% 8 $1,010,000 $126,250 $1,688 4.59%
    39% 6 $560,000 $93,333 $1,179 4.74%
    43% 6 $820,000 $136,667 $1,532 4.91%
    37% 5 $275,000 $55,000 $734 5.37%
    41% 5 $575,000 $115,000 $1,218 4.79%
    36% 5 $735,000 $147,000 $1,980 5.17%
    42% 4 $500,000 $125,000 $2,116 5.78%
    45% 4 $270,000 $67,500 $924 5.37%
    50-60% 3 $445,000 $148,333 $818 5.16%
    46% 1 $565,000 $565,000 $3,818 4.25%
    48% 1 $55,000 $55,000 $429 6.49%
    49% 1 $265,000 $265,000 $2,666 3.88%
    >60% 1 $255,000 $255,000 $2,763 4.88%

    Sharepoint Credit Union lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 35 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $18,680,000 $135,362 $1,447 4.84%
    Not provided 59 $7,415,000 $125,678 $1,238 4.55%
    Not applicable 33 $7,305,000 $221,364 $0 5.09%
    Black 2 $390,000 $195,000 $1,206 4.18%
    Other Asian 1 $355,000 $355,000 $3,651 4.75%
    Asian Indian 1 $75,000 $75,000 $159 4.49%

    Approval Rates

    Total approvals of all applications
    88.96%

    Sharepoint Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.20%

    Sharepoint Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 234 $34,220,000 $146,239

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    234 $34,220,000 $146,239

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $3,020,000 $116,154 $913 4.71%
    40-60% 19 $3,505,000 $184,474 $1,975 4.52%
    60-80% 42 $9,940,000 $236,667 $3,201 5.41%
    80-100% 42 $13,220,000 $314,762 $3,961 4.88%
    Under 20% 105 $4,535,000 $43,190 $310 4.58%