Trustone Financial Federal Credit Union Mortgage Rates, Fees & Info

Plymouth, MN

LEI: 549300LG07PXWSIMC813

Tax ID: 41-0749255

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
  • Complaints
  • 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

    Trustone Financial Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Trustone Financial Federal Credit Union has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Milwaukee, Chicago, St. Cloud, and Racine among others. We have data for 34 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.26% 11/17/24
    30 Year Conventional Refi 6.30% 11/17/24
    30 Year Cash-out Refi 6.42% 11/17/24
    30 Year FHA Purchase 7.49% 11/17/24
    30 Year FHA Refi 6.95% 11/17/24
    30 Year VA Purchase 6.26% 11/17/24
    30 Year USDA Purchase 6.64% 11/17/24
    15 Year Conventional Purchase 5.96% 11/17/24
    15 Year Conventional Refi 6.06% 11/17/24
    15 Year Cash-out Refi 6.06% 11/17/24
    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

    4,278

    Origination Dollar Volume (All Markets)

    $611,550,000
    Show all (8) 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) 3,458 $518,370,000 $149,905 $2,006 4.69%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 197 $19,125,000 $97,081 $1,178 5.25%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 181 $16,195,000 $89,475 $1,458 4.80%
    Outside of Metro Areas 96 $12,870,000 $134,063 $2,224 4.52%
    ST. CLOUD, MN (FHA|USDA|VA) 94 $10,260,000 $109,149 $1,850 4.71%
    RACINE, WI (FHA|USDA|VA) 47 $7,415,000 $157,766 $2,111 4.67%
    Brainerd, MN (FHA|USDA|VA) 38 $5,930,000 $156,053 $2,217 4.62%
    DULUTH, MN-WI (FHA|USDA|VA) 30 $5,390,000 $179,667 $2,049 4.54%
    Faribault-Northfield, MN (FHA|USDA|VA) 27 $3,265,000 $120,926 $2,047 4.93%
    Whitewater, WI (FHA|USDA|VA) 10 $1,550,000 $155,000 $1,656 4.61%
    MADISON, WI (FHA|USDA|VA) 10 $1,240,000 $124,000 $728 5.67%
    Hutchinson, MN (FHA|USDA|VA) 9 $1,115,000 $123,889 $1,456 5.34%
    Fergus Falls, MN (FHA|USDA|VA) 11 $995,000 $90,455 $1,636 4.49%
    MANKATO, MN (FHA|USDA|VA) 5 $865,000 $173,000 $4,740 4.35%
    Red Wing, MN (FHA|USDA|VA) 10 $860,000 $86,000 $2,333 3.75%
    Alexandria, MN (FHA|USDA|VA) 5 $825,000 $165,000 $2,425 4.99%
    ROCHESTER, MN (FHA|USDA|VA) 7 $805,000 $115,000 $3,415 4.60%
    Willmar, MN (FHA|USDA|VA) 9 $675,000 $75,000 $1,653 4.35%
    Grand Rapids, MN (FHA|USDA|VA) 7 $605,000 $86,429 $929 5.11%
    Owatonna, MN (FHA|USDA|VA) 4 $480,000 $120,000 $2,364 3.32%
    Shawano, WI (FHA|USDA|VA) 2 $400,000 $200,000 $0 5.63%
    Bemidji, MN (FHA|USDA|VA) 2 $340,000 $170,000 $4,995 3.50%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,321 3.63%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $295,000 $98,333 $2,405 5.13%
    Marshall, MN (FHA|USDA|VA) 3 $285,000 $95,000 $1,268 4.18%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $260,000 $130,000 $1,592 4.65%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.32%
    FARGO, ND-MN (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.75%
    Austin, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,114 4.00%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,503 4.38%
    FOND DU LAC, WI (FHA|USDA|VA) 2 $80,000 $40,000 $192 5.03%
    Albert Lea, MN (FHA|USDA|VA) 1 $75,000 $75,000 $4,207 4.25%
    Stevens Point, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    GREEN BAY, WI (FHA|USDA|VA) 1 $25,000 $25,000 $144 6.09%
    Trustone Financial Federal Credit Union's top markets include Minneapolis, Milwaukee, Chicago, St. Cloud, and Racine among others.

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

    AppleTree Credit Union
    Similarity Rank: 8
    Liberty Bank for Savings
    Similarity Rank: 85
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    Western National Bank
    Similarity Rank: 156
    The Miners National Bank of Eveleth
    Similarity Rank: 335
    The Greenwood's State Bank
    Similarity Rank: 336
    Kohler Credit Union
    Similarity Rank: 418
    Westbury Bank
    Similarity Rank: 437
    UNITED
    Similarity Rank: 498

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,131 $481,185,000 $153,684 $1,711 4.42%
    HELOC 936 $81,980,000 $87,585 n/a 5.88%
    FHA 160 $34,740,000 $217,125 $5,698 4.06%
    VA 49 $13,205,000 $269,490 $5,291 3.86%
    USDA 2 $440,000 $220,000 $2,782 3.50%

    For 2019, Trustone Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 3,131 originations. Their 2nd most popular type was HELOC, with 936 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,260 $238,940,000 $189,635 $2,680 4.33%
    Refi 1,184 $204,050,000 $172,340 $1,953 4.48%
    Home Improvement 764 $41,980,000 $54,948 $265 5.36%
    Other 699 $40,345,000 $57,718 $279 5.49%
    Cash Out Refi 371 $86,235,000 $232,439 $3,707 4.04%

    For 2019, Trustone Financial Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 1,260 originations. The 2nd most popular reason was Refi, with 1,184 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,448 $344,000,000 $237,569 $3,282 3.97%
    10 Year 1,381 $106,125,000 $76,846 $389 5.52%
    15 Year 629 $86,305,000 $137,210 $1,644 4.51%
    20 Year 621 $67,335,000 $108,430 $837 5.06%
    5 Year 188 $6,480,000 $34,468 $149 4.20%
    Other 11 $1,305,000 $118,636 $1,472 4.24%

    For 2019, Trustone Financial Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,448 originations. The 2nd most popular length was 10 Year, with 1,381 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,090 $239,080,000 $114,392
    $1k-2k 814 $184,420,000 $226,560
    $2k-3k 209 $47,325,000 $226,435
    $3k-4k 91 $24,545,000 $269,725
    $4k-5k 38 $11,630,000 $306,053
    $5k+ 28 $9,030,000 $322,500

    Trustone Financial Federal Credit Union's average total fees were $3,282, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,090 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,260 $276,250,000 $219,246
    4-5% 1,254 $190,850,000 $152,193
    5-6% 1,212 $102,770,000 $84,794
    6-7% 423 $31,165,000 $73,676
    <2.5% 53 $405,000 $7,642
    2.5-3% 48 $8,540,000 $177,917
    7-8% 27 $1,335,000 $49,444
    Over 8% 1 $235,000 $235,000

    During 2019, Trustone Financial Federal Credit Union's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 1,260 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,010 $94,440,000 $46,985 $379 5.17%
    $100k-200k 1,066 $158,560,000 $148,743 $2,521 4.51%
    $200k-400k 1,048 $281,520,000 $268,626 $3,385 4.16%
    $400k-600k 132 $60,590,000 $459,015 $3,791 4.14%
    $600k-1MM 19 $12,715,000 $669,211 $4,162 4.17%
    $1MM+ 3 $3,725,000 $1,241,667 $5,709 3.68%

    2019 saw Trustone Financial Federal Credit Union place emphasis on $100,000 or less loans with 2,010 originations, totaling $94,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,025 $155,105,000 $151,322 $2,024 4.80%
    $50k-75k 859 $105,675,000 $123,021 $2,175 4.45%
    $150k-250k 838 $131,400,000 $156,802 $1,680 4.93%
    $75k-100k 783 $106,985,000 $136,635 $2,017 4.70%
    $50k or less 408 $42,290,000 $103,652 $2,072 4.28%
    $250k+ 331 $65,785,000 $198,746 $1,469 5.19%

    Trustone Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,025 originations. The second most popular income band? $50k-75k, with 859 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,216 $166,450,000 $136,883 $1,794 4.78%
    30-36% 883 $118,765,000 $134,502 $1,852 4.77%
    <20% 410 $55,530,000 $135,439 $1,783 4.59%
    42% 205 $25,715,000 $125,439 $1,769 4.98%
    41% 186 $26,000,000 $139,785 $1,869 4.76%
    40% 178 $22,400,000 $125,843 $1,483 4.84%
    37% 172 $24,700,000 $143,605 $1,612 4.75%
    39% 155 $22,235,000 $143,452 $1,673 4.81%
    36% 154 $20,200,000 $131,169 $1,470 4.88%
    38% 140 $22,200,000 $158,571 $2,128 4.90%
    43% 126 $21,350,000 $169,444 $2,806 4.67%
    44% 88 $14,560,000 $165,455 $2,526 4.26%
    50-60% 65 $13,445,000 $206,846 $4,672 4.28%
    46% 63 $11,285,000 $179,127 $3,026 4.15%
    45% 60 $10,940,000 $182,333 $2,355 4.56%
    49% 57 $11,845,000 $207,807 $3,182 4.08%
    47% 47 $8,485,000 $180,532 $3,220 4.25%
    48% 44 $8,900,000 $202,273 $3,360 4.07%
    >60% 15 $2,295,000 $153,000 $1,831 4.87%

    Trustone Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,216 originations. The next most common DTI ratio? 30-36%, with 883 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,837 $528,905,000 $137,843 $1,869 4.75%
    Not provided 176 $40,360,000 $229,318 $3,132 4.23%
    Asian 113 $18,495,000 $163,673 $2,206 4.68%
    Black 108 $14,570,000 $134,907 $2,637 4.50%
    Native Hawaiian or Islander 17 $3,805,000 $223,824 $2,698 3.97%
    Not applicable 9 $2,885,000 $320,556 $3,361 4.26%
    American Indian 13 $2,305,000 $177,308 $2,036 4.76%
    Asian Indian 3 $155,000 $51,667 $188 4.59%
    Other Pacific Islander 1 $45,000 $45,000 $0 5.50%
    Chinese 1 $25,000 $25,000 $196 4.85%

    Approval Rates

    Total approvals of all applications
    83.04%

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

    Pick Rate

    Approvals leading to origination
    78.68%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,278 $611,550,000 $142,952

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,540,000 $385,000
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 4,273 $609,885,000 $142,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 662 $67,570,000 $102,069 $651 5.29%
    40-60% 340 $57,980,000 $170,529 $2,204 4.38%
    60-80% 828 $202,390,000 $244,432 $3,113 4.08%
    80-100% 857 $209,665,000 $244,650 $3,481 4.15%
    Over 100% 8 $2,330,000 $291,250 $8,046 3.78%
    Under 20% 1,581 $71,145,000 $45,000 $257 5.21%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TRUSTMARK CORPORATION Conventional home mortgage Trouble during payment process 5 45.5%
    TRUSTMARK CORPORATION FHA mortgage Struggling to pay mortgage 1 9.1%
    TRUSTMARK CORPORATION FHA mortgage Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Closing on a mortgage 1 9.1%
    TRUSTMARK CORPORATION Other type of mortgage Trouble during payment process 2 18.2%