Trustone Financial Federal Credit Union Mortgage Rates, Fees & Info
Plymouth, MNLEI: 549300LG07PXWSIMC813
Tax ID: 41-0749255
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Mortgage Data
Review & Overview
Trustone Financial Federal Credit Union is a small credit union specializing in Refi and 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Milwaukee, Chicago, St. Cloud, and Brainerd among others. We have data for 41 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/14/24 |
| 30 Year Conventional Purchase | 6.26% | 4/14/24 |
| 30 Year Conventional Refi | 6.30% | 4/14/24 |
| 30 Year Cash-out Refi | 6.42% | 4/14/24 |
| 30 Year FHA Purchase | 7.49% | 4/14/24 |
| 30 Year FHA Refi | 6.95% | 4/14/24 |
| 30 Year VA Purchase | 6.26% | 4/14/24 |
| 30 Year USDA Purchase | 6.64% | 4/14/24 |
| 15 Year Conventional Purchase | 5.96% | 4/14/24 |
| 15 Year Conventional Refi | 6.06% | 4/14/24 |
| 15 Year Cash-out Refi | 6.06% | 4/14/24 |
| 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
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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
6,032Origination Dollar Volume (All Markets)
$1,020,370,000Awards
TRUSTONE FINANCIAL FEDERAL CREDIT UNION - 2020
TRUSTONE FINANCIAL FEDERAL CREDIT UNION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 4,929 | $864,845,000 | $175,461 | $2,562 | 3.73% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 318 | $41,050,000 | $129,088 | $1,309 | 4.08% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 224 | $27,210,000 | $121,473 | $1,958 | 3.68% |
| Outside of Metro Areas | 139 | $19,765,000 | $142,194 | $2,125 | 3.62% |
| ST. CLOUD, MN (FHA|USDA|VA) | 107 | $14,315,000 | $133,785 | $2,654 | 3.80% |
| Brainerd, MN (FHA|USDA|VA) | 55 | $12,565,000 | $228,455 | $3,392 | 3.33% |
| RACINE, WI (FHA|USDA|VA) | 72 | $9,320,000 | $129,444 | $1,917 | 3.87% |
| DULUTH, MN-WI (FHA|USDA|VA) | 29 | $5,455,000 | $188,103 | $3,194 | 3.31% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 25 | $4,895,000 | $195,800 | $3,250 | 3.26% |
| MADISON, WI (FHA|USDA|VA) | 18 | $2,740,000 | $152,222 | $967 | 4.24% |
| Grand Rapids, MN (FHA|USDA|VA) | 8 | $1,690,000 | $211,250 | $3,450 | 3.06% |
| Fergus Falls, MN (FHA|USDA|VA) | 12 | $1,650,000 | $137,500 | $2,250 | 3.54% |
| ROCHESTER, MN (FHA|USDA|VA) | 10 | $1,410,000 | $141,000 | $2,872 | 3.33% |
| Willmar, MN (FHA|USDA|VA) | 8 | $1,370,000 | $171,250 | $2,650 | 3.40% |
| MANKATO, MN (FHA|USDA|VA) | 7 | $1,185,000 | $169,286 | $1,976 | 3.80% |
| Alexandria, MN (FHA|USDA|VA) | 5 | $1,045,000 | $209,000 | $1,682 | 3.85% |
| Whitewater, WI (FHA|USDA|VA) | 6 | $960,000 | $160,000 | $1,393 | 4.22% |
| Red Wing, MN (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $5,149 | 3.73% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,386 | 2.96% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $4,520 | 3.17% |
| Hutchinson, MN (FHA|USDA|VA) | 10 | $760,000 | $76,000 | $1,557 | 3.75% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $3,691 | 3.80% |
| APPLETON, WI (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $1,992 | 3.34% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $6,321 | 3.31% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $1,111 | 4.01% |
| Manitowoc, WI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,755 | 3.25% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $1,819 | 3.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $8,609 | 2.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,760 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,996 | 3.88% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $388 | 4.45% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,773 | 2.63% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,446 | 3.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,403 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,572 | 2.88% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $232 | 4.69% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $241 | 4.67% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $375 | 5.97% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 4.75% |
| Marshall, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $334 | 4.59% |
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.
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Product Mix
For 2020, Trustone Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 4,071 originations. Their 2nd most popular type was HELOC, with 1,792 originations.
Loan Reason
For 2020, Trustone Financial Federal Credit Union's most frequently cited loan purpose was Refi, with 1,995 originations. The 2nd most popular reason was Home Purchase, with 1,683 originations.
Loan Duration/Length
For 2020, Trustone Financial Federal Credit Union's most frequently cited loan duration was 10 Year, with 2,162 originations. The 2nd most popular length was 30 Year, with 2,106 originations.
Origination Fees/Closing Costs
Trustone Financial Federal Credit Union's average total fees were $3,522, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,898 originations.
Interest Rates
During 2020, Trustone Financial Federal Credit Union's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 3-4%, with 2,734 originations.
Loan Sizing
2020 saw Trustone Financial Federal Credit Union place emphasis on $100,000 or less loans with 2,265 originations, totaling $116,435,000 in origination value.
Applicant Income
Trustone Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,458 originations. The second most popular income band? $150k-250k, with 1,369 originations.
Applicant Debt to Income Ratio
Trustone Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,787 originations. The next most common DTI ratio? 30-36%, with 1,292 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.69%
Trustone Financial Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination74.70%
Trustone Financial Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,032 | $1,020,370,000 | $169,159 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUIST FINANCIAL CORPORATION | VA mortgage | Trouble during payment process | 6 | 2.1% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 30 | 10.6% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Closing on a mortgage | 13 | 4.6% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Incorrect information on your report | 8 | 2.8% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 6 | 2.1% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 50 | 17.7% |
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 99 | 35.0% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.7% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Closing on a mortgage | 1 | 0.4% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.4% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 10 | 3.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 6 | 2.1% |
| TRUIST FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 6 | 2.1% |
| TRUIST FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 1.1% |
| TRUIST FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 0.4% |
| TRUIST FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 4 | 1.4% |
| TRUIST FINANCIAL CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 12 | 4.2% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.4% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Closing on a mortgage | 4 | 1.4% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 3 | 1.1% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Trouble during payment process | 14 | 4.9% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Incorrect information on your report | 1 | 0.4% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Struggling to pay mortgage | 2 | 0.7% |