Trustone Financial Federal Credit Union Mortgage Rates, Fees & Info

Plymouth, MN

LEI: 549300LG07PXWSIMC813

Tax ID: 41-0749255

5 stars - Updated: 6/9/24 - out of 5 stars, based on 71 reviews

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

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Mortgage Data

Review & Overview

Trustone Financial Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Trustone Financial Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Minneapolis, Milwaukee, Chicago, Racine, and Phoenix among others. We have data for 62 markets. (Some data included below & more in-depth data is available with an active subscription.)

Trustone Financial Federal 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. Trustone Financial Federal 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
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.26% 6/9/24
30 Year Conventional Refi 6.30% 6/9/24
30 Year Cash-out Refi 6.42% 6/9/24
30 Year FHA Purchase 7.49% 6/9/24
30 Year FHA Refi 6.95% 6/9/24
30 Year VA Purchase 6.26% 6/9/24
30 Year USDA Purchase 6.64% 6/9/24
15 Year Conventional Purchase 5.96% 6/9/24
15 Year Conventional Refi 6.06% 6/9/24
15 Year Cash-out Refi 6.06% 6/9/24
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.

Trustone Financial Federal Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Trustone Financial Federal 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

5,017

Origination Dollar Volume (All Markets)

$773,825,000
Show all (8) awards

Relative Rate

Trustone Financial Federal Credit Union's average 30 year fixed mortgage rate was 6.38%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.1%.

Relative Fees (Closing Costs)

Trustone Financial Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,715.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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) 3,964 $596,020,000 $150,358 $2,055 7.30%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 220 $50,300,000 $228,636 $1,032 7.60%
Outside of Metro Areas 124 $17,530,000 $141,371 $2,517 7.21%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 181 $17,165,000 $94,834 $1,403 7.45%
RACINE, WI (FHA|USDA|VA) 60 $16,100,000 $268,333 $2,342 7.28%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 63 $10,575,000 $167,857 $836 7.75%
ST. CLOUD, MN (FHA|USDA|VA) 92 $9,720,000 $105,652 $1,563 7.29%
Brainerd, MN (FHA|USDA|VA) 32 $6,280,000 $196,250 $1,587 7.17%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $5,505,000 $5,505,000 $0 6.81%
Faribault-Northfield, MN (FHA|USDA|VA) 51 $4,785,000 $93,824 $851 7.67%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 4 $3,950,000 $987,500 $10,949 7.38%
DULUTH, MN-WI (FHA|USDA|VA) 25 $3,835,000 $153,400 $2,267 7.38%
Willmar, MN (FHA|USDA|VA) 13 $2,445,000 $188,077 $3,540 7.03%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $2,420,000 $605,000 $5,630 6.56%
ROCHESTER, MN (FHA|USDA|VA) 13 $2,045,000 $157,308 $2,632 6.78%
Alexandria, MN (FHA|USDA|VA) 7 $1,835,000 $262,143 $3,715 7.14%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $1,725,000 $191,667 $4,783 7.65%
Fergus Falls, MN (FHA|USDA|VA) 7 $1,535,000 $219,286 $4,578 7.27%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 4 $1,400,000 $350,000 $5,062 6.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,370,000 $171,250 $2,930 7.66%
Whitewater, WI (FHA|USDA|VA) 5 $1,345,000 $269,000 $492 7.78%
MANKATO, MN (FHA|USDA|VA) 10 $1,240,000 $124,000 $2,416 6.35%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,230,000 $153,750 $911 8.33%
Hutchinson, MN (FHA|USDA|VA) 13 $985,000 $75,769 $1,634 7.85%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $925,000 $102,778 $1,896 7.59%
Albert Lea, MN (FHA|USDA|VA) 6 $920,000 $153,333 $2,414 6.73%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $880,000 $146,667 $2,961 8.23%
MADISON, WI (FHA|USDA|VA) 4 $830,000 $207,500 $0 7.38%
Grand Rapids, MN (FHA|USDA|VA) 6 $740,000 $123,333 $1,315 6.95%
Red Wing, MN (FHA|USDA|VA) 7 $685,000 $97,857 $194 7.96%
PUNTA GORDA, FL (FHA|USDA|VA) 4 $650,000 $162,500 $7,566 7.22%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 4 $620,000 $155,000 $382 7.81%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $600,000 $150,000 $3,529 7.09%
PANAMA CITY, FL (FHA|USDA|VA) 2 $590,000 $295,000 $12,508 7.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $530,000 $265,000 $8,088 7.81%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $520,000 $130,000 $1,924 6.69%
Manitowoc, WI (FHA|USDA|VA) 2 $500,000 $250,000 $1,450 6.77%
TUCSON, AZ (FHA|USDA|VA) 3 $365,000 $121,667 $2,068 6.66%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $0 8.25%
Owatonna, MN (FHA|USDA|VA) 6 $350,000 $58,333 $672 7.18%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,875 6.63%
Menomonie, WI (FHA|USDA|VA) 2 $240,000 $120,000 $3,765 6.62%
Marshall, MN (FHA|USDA|VA) 3 $195,000 $65,000 $1,720 5.45%
Shawano, WI (FHA|USDA|VA) 1 $175,000 $175,000 $327 7.59%
Austin, MN (FHA|USDA|VA) 1 $155,000 $155,000 $3,021 5.63%
Beaver Dam, WI (FHA|USDA|VA) 2 $140,000 $70,000 $561 8.08%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $957 7.24%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $130,000 $65,000 $197 6.75%
FARGO, ND-MN (FHA|USDA|VA) 1 $125,000 $125,000 $3,117 7.50%
New Ulm, MN (FHA|USDA|VA) 2 $120,000 $60,000 $364 8.12%
APPLETON, WI (FHA|USDA|VA) 2 $100,000 $50,000 $171 9.12%
Fairmont, MN (FHA|USDA|VA) 1 $95,000 $95,000 $3,053 7.63%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $85,000 $85,000 $888 8.64%
FOND DU LAC, WI (FHA|USDA|VA) 1 $85,000 $85,000 $380 7.24%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.00%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.50%
Bemidji, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.75%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.50%
Nogales, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $278 7.99%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
Platteville, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.84%
Worthington, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 9.25%
Trustone Financial Federal Credit Union's top markets include Minneapolis, Milwaukee, Chicago, Racine, and Phoenix among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    North Shore Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,105 $542,025,000 $174,565 $1,746 6.94%
    HELOC 1,818 $203,110,000 $111,722 n/a 8.03%
    FHA 81 $23,865,000 $294,630 $10,269 6.50%
    VA 13 $4,825,000 $371,154 $8,727 6.10%

    For 2023, Trustone Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 3,105 originations. Their 2nd most popular type was HELOC, with 1,818 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,565 $140,115,000 $89,530 $300 7.56%
    Home Purchase 1,303 $372,555,000 $285,921 $4,522 6.52%
    Other 1,245 $95,255,000 $76,510 $263 7.78%
    Refi 836 $149,090,000 $178,337 $643 7.53%
    Cash Out Refi 68 $16,810,000 $247,206 $3,131 6.70%

    For 2023, Trustone Financial Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 1,565 originations. The 2nd most popular reason was Home Purchase, with 1,303 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 2,333 $261,485,000 $112,081 $212 7.81%
    30 Year 1,211 $372,025,000 $307,205 $4,715 6.38%
    20 Year 794 $81,480,000 $102,620 $399 7.78%
    15 Year 410 $36,080,000 $88,000 $434 7.32%
    5 Year 264 $16,940,000 $64,167 $152 5.99%
    Other 3 $205,000 $68,333 $291 6.27%
    1 Year 1 $105,000 $105,000 $0 8.56%
    3 Year 1 $5,505,000 $5,505,000 $0 6.81%

    For 2023, Trustone Financial Federal Credit Union's most frequently cited loan duration was 10 Year, with 2,333 originations. The 2nd most popular length was 30 Year, with 1,211 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,193 $214,995,000 $98,037
    $1k-2k 515 $161,355,000 $313,311
    $2k-3k 199 $52,495,000 $263,794
    $3k-4k 119 $36,095,000 $303,319
    $5k+ 82 $39,440,000 $480,976
    $4k-5k 65 $23,715,000 $364,846

    Trustone Financial Federal Credit Union's average total fees were $4,715, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,193 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,728 $239,770,000 $138,756
    6-7% 1,486 $296,400,000 $199,462
    Over 8% 1,249 $127,305,000 $101,926
    5-6% 408 $100,610,000 $246,593
    4-5% 100 $8,780,000 $87,800
    <2.5% 44 $660,000 $15,000
    3-4% 2 $300,000 $150,000

    During 2023, Trustone Financial Federal Credit Union's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 7-8%, with 1,728 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,643 $138,705,000 $52,480 $292 7.48%
    $100k-200k 1,092 $147,940,000 $135,476 $1,757 7.47%
    $200k-400k 1,008 $285,580,000 $283,313 $4,266 6.93%
    $400k-600k 199 $95,645,000 $480,628 $5,882 6.82%
    $600k-1MM 50 $36,810,000 $736,200 $6,253 6.58%
    $1MM+ 25 $69,145,000 $2,765,800 $12,561 6.56%

    2023 saw Trustone Financial Federal Credit Union place emphasis on $100,000 or less loans with 2,643 originations, totaling $138,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,291 $166,025,000 $128,602 $1,779 7.46%
    $150k-250k 1,191 $187,865,000 $157,737 $1,656 7.46%
    $75k-100k 915 $123,285,000 $134,738 $2,283 7.31%
    $50k-75k 795 $85,755,000 $107,868 $2,240 6.96%
    $250k+ 567 $150,175,000 $264,859 $2,454 7.48%
    $50k or less 210 $16,500,000 $78,571 $1,851 6.81%

    Trustone Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,291 originations. The second most popular income band? $150k-250k, with 1,191 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,123 $138,805,000 $123,602 $1,301 7.41%
    30-36% 982 $129,040,000 $131,405 $1,521 7.39%
    <20% 400 $51,640,000 $129,100 $1,306 7.39%
    42% 243 $40,085,000 $164,959 $2,126 7.30%
    36% 210 $30,520,000 $145,333 $1,654 7.19%
    40% 210 $26,960,000 $128,381 $1,521 7.47%
    41% 198 $30,730,000 $155,202 $1,839 7.30%
    44% 188 $29,390,000 $156,330 $2,273 7.02%
    43% 186 $28,490,000 $153,172 $1,995 7.39%
    45% 167 $26,755,000 $160,210 $2,811 7.20%
    39% 167 $25,815,000 $154,581 $1,675 7.56%
    38% 162 $25,740,000 $158,889 $2,110 7.31%
    46% 162 $25,560,000 $157,778 $2,960 7.42%
    37% 148 $21,760,000 $147,027 $2,055 7.35%
    49% 132 $33,630,000 $254,773 $4,731 6.95%
    47% 126 $25,840,000 $205,079 $3,482 7.10%
    48% 115 $24,195,000 $210,391 $4,010 6.90%
    50-60% 69 $14,685,000 $212,826 $5,735 6.93%
    >60% 15 $2,765,000 $184,333 $1,729 7.37%

    Trustone Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,123 originations. The next most common DTI ratio? 30-36%, with 982 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,073 $580,155,000 $142,439 $1,833 7.34%
    Not provided 473 $79,775,000 $168,658 $2,282 7.30%
    Not applicable 13 $41,365,000 $3,181,923 $0 7.04%
    Black 255 $39,535,000 $155,039 $3,267 7.18%
    Asian 145 $23,075,000 $159,138 $2,589 7.39%
    American Indian 31 $4,795,000 $154,677 $2,860 7.50%
    Asian Indian 10 $2,460,000 $246,000 $3,230 6.64%
    Other Asian 8 $1,600,000 $200,000 $3,047 6.95%
    Chinese 4 $600,000 $150,000 $576 7.50%
    Native Hawaiian or Islander 3 $325,000 $108,333 $2,007 7.46%
    Japanese 1 $115,000 $115,000 $0 8.00%
    Other Pacific Islander 1 $25,000 $25,000 $321 8.49%

    Approval Rates

    Total approvals of all applications
    82.87%

    Trustone Financial Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.81%

    Trustone Financial Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,017 $773,825,000 $154,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,017 $773,825,000 $154,241

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,190 $155,700,000 $130,840 $453 7.71%
    40-60% 319 $75,205,000 $235,752 $2,841 7.16%
    60-80% 408 $139,180,000 $341,127 $4,289 6.83%
    80-100% 713 $230,975,000 $323,948 $5,231 6.61%
    Over 100% 6 $29,410,000 $4,901,667 $13,041 6.92%
    Under 20% 2,381 $143,355,000 $60,208 $253 7.46%