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

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  • 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 small credit union specializing in Refi, Home Purchase, and Cash Out Refi 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 Racine among others. We have data for 55 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

    7,765

    Origination Dollar Volume (All Markets)

    $1,363,445,000
    Show all (7) 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) 6,429 $1,164,695,000 $181,163 $2,594 3.43%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 300 $41,520,000 $138,400 $1,369 3.74%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 275 $35,305,000 $128,382 $2,337 3.19%
    Outside of Metro Areas 147 $21,795,000 $148,265 $2,597 3.29%
    ST. CLOUD, MN (FHA|USDA|VA) 129 $17,285,000 $133,992 $2,997 3.38%
    RACINE, WI (FHA|USDA|VA) 82 $12,820,000 $156,341 $2,220 3.22%
    Brainerd, MN (FHA|USDA|VA) 59 $11,855,000 $200,932 $3,109 3.26%
    Faribault-Northfield, MN (FHA|USDA|VA) 76 $11,040,000 $145,263 $2,434 3.47%
    DULUTH, MN-WI (FHA|USDA|VA) 43 $8,245,000 $191,744 $2,883 3.26%
    Red Wing, MN (FHA|USDA|VA) 23 $4,085,000 $177,609 $2,604 3.23%
    ROCHESTER, MN (FHA|USDA|VA) 20 $2,760,000 $138,000 $2,546 2.97%
    Grand Rapids, MN (FHA|USDA|VA) 14 $2,470,000 $176,429 $2,864 3.26%
    Alexandria, MN (FHA|USDA|VA) 10 $2,400,000 $240,000 $3,034 3.33%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,375,000 $263,889 $3,795 3.01%
    Willmar, MN (FHA|USDA|VA) 12 $2,300,000 $191,667 $3,266 3.22%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,040,000 $255,000 $4,472 2.80%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $0 3.34%
    Hutchinson, MN (FHA|USDA|VA) 16 $1,670,000 $104,375 $2,006 3.77%
    Fergus Falls, MN (FHA|USDA|VA) 11 $1,495,000 $135,909 $2,737 2.86%
    EAU CLAIRE, WI (FHA|USDA|VA) 10 $1,400,000 $140,000 $2,510 3.32%
    MADISON, WI (FHA|USDA|VA) 7 $1,135,000 $162,143 $1,776 3.32%
    Whitewater, WI (FHA|USDA|VA) 8 $1,050,000 $131,250 $2,209 3.39%
    MANKATO, MN (FHA|USDA|VA) 8 $970,000 $121,250 $2,004 2.98%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $885,000 $295,000 $3,763 3.04%
    Bemidji, MN (FHA|USDA|VA) 3 $825,000 $275,000 $3,782 2.83%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $785,000 $261,667 $1,852 3.04%
    Marshall, MN (FHA|USDA|VA) 5 $765,000 $153,000 $2,175 2.32%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $655,000 $218,333 $4,206 3.00%
    Owatonna, MN (FHA|USDA|VA) 4 $600,000 $150,000 $2,627 3.34%
    Winona, MN (FHA|USDA|VA) 4 $570,000 $142,500 $2,459 3.19%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 4 $560,000 $140,000 $1,893 3.72%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $430,000 $215,000 $1,728 3.92%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $385,000 $128,333 $2,949 3.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 4 $370,000 $92,500 $2,145 3.96%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.69%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $345,000 $345,000 $2,074 2.75%
    FARGO, ND-MN (FHA|USDA|VA) 2 $340,000 $170,000 $3,655 3.31%
    GREEN BAY, WI (FHA|USDA|VA) 2 $340,000 $170,000 $1,678 3.23%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $4,955 3.38%
    Beaver Dam, WI (FHA|USDA|VA) 2 $250,000 $125,000 $807 4.12%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $1,219 3.07%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $1,350 2.88%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $210,000 $105,000 $4,426 2.81%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $210,000 $105,000 $2,383 2.56%
    Fairmont, MN (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.25%
    Baraboo, WI (FHA|USDA|VA) 1 $175,000 $175,000 $5,232 2.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $160,000 $80,000 $1,496 3.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $6,773 2.50%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $105,000 $105,000 $172 3.00%
    Austin, MN (FHA|USDA|VA) 1 $75,000 $75,000 $162 3.00%
    Albert Lea, MN (FHA|USDA|VA) 2 $60,000 $30,000 $333 4.55%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.00%
    Stevens Point, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.75%
    APPLETON, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.50%
    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)
  • Texas (FHA|USDA|VA)
  • Iowa (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.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    NORTHWOODS
    Similarity Rank: 303
    Western National Bank
    Similarity Rank: 368
    SUPERIOR CHOICE
    Similarity Rank: 464
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Farmers & Merchants Savings Bank
    Similarity Rank: 720
    The Greenwood's State Bank
    Similarity Rank: 750
    The Park Bank
    Similarity Rank: 819
    Anoka Hennepin Credit Union
    Similarity Rank: 826

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,281 $1,089,605,000 $206,326 $2,402 3.20%
    HELOC 2,296 $226,120,000 $98,484 n/a 3.97%
    FHA 134 $33,860,000 $252,687 $7,876 2.94%
    VA 50 $13,090,000 $261,800 $4,485 2.62%
    USDA 4 $770,000 $192,500 $5,662 2.25%

    For 2021, Trustone Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 5,281 originations. Their 2nd most popular type was HELOC, with 2,296 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,114 $442,040,000 $209,101 $2,349 3.15%
    Home Purchase 1,791 $441,895,000 $246,731 $3,488 3.11%
    Home Improvement 1,612 $118,040,000 $73,226 $472 3.98%
    Cash Out Refi 1,179 $276,145,000 $234,220 $3,295 2.99%
    Other 1,069 $85,325,000 $79,818 $391 4.09%

    For 2021, Trustone Financial Federal Credit Union's most frequently cited loan purpose was Refi, with 2,114 originations. The 2nd most popular reason was Home Purchase, with 1,791 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 2,729 $263,495,000 $96,554 $1,082 3.86%
    30 Year 2,724 $708,470,000 $260,084 $3,433 3.03%
    15 Year 1,078 $223,770,000 $207,579 $2,399 2.91%
    20 Year 1,030 $145,610,000 $141,369 $1,533 3.82%
    5 Year 176 $9,140,000 $51,932 $329 3.30%
    Other 28 $12,960,000 $462,857 $1,399 3.50%

    For 2021, Trustone Financial Federal Credit Union's most frequently cited loan duration was 10 Year, with 2,729 originations. The 2nd most popular length was 30 Year, with 2,724 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,680 $428,520,000 $159,896
    $1k-2k 1,853 $411,945,000 $222,312
    $2k-3k 474 $123,170,000 $259,852
    $3k-4k 192 $52,050,000 $271,094
    $4k-5k 78 $24,190,000 $310,128
    $5k+ 61 $25,695,000 $421,230

    Trustone Financial Federal Credit Union's average total fees were $3,433, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,680 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,216 $586,170,000 $182,267
    2.5-3% 2,090 $486,670,000 $232,856
    4-5% 1,462 $126,910,000 $86,806
    <2.5% 812 $150,720,000 $185,616
    5-6% 171 $12,065,000 $70,556
    6-7% 14 $910,000 $65,000

    During 2021, Trustone Financial Federal Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 3,216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 2,785 $144,365,000 $51,837 $587 3.89%
    $200k-400k 2,347 $639,405,000 $272,435 $3,489 3.08%
    $100k-200k 2,243 $331,065,000 $147,599 $2,522 3.25%
    $400k-600k 322 $150,820,000 $468,385 $4,169 3.08%
    $600k-1MM 51 $35,635,000 $698,725 $4,234 3.29%
    $1MM+ 17 $62,155,000 $3,656,176 $7,921 3.22%

    2021 saw Trustone Financial Federal Credit Union place emphasis on $100,000 or less loans with 2,785 originations, totaling $144,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,960 $330,670,000 $168,709 $2,530 3.46%
    $150k-250k 1,582 $286,840,000 $181,315 $2,364 3.62%
    $50k-75k 1,513 $232,255,000 $153,506 $2,723 3.20%
    $75k-100k 1,357 $223,275,000 $164,536 $2,703 3.35%
    $50k or less 655 $81,985,000 $125,168 $2,486 3.02%
    $250k+ 649 $147,345,000 $227,034 $2,265 3.83%

    Trustone Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,960 originations. The second most popular income band? $150k-250k, with 1,582 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,212 $350,200,000 $158,318 $2,399 3.45%
    30-36% 1,566 $263,540,000 $168,289 $2,412 3.51%
    <20% 949 $147,835,000 $155,780 $2,218 3.34%
    42% 310 $48,490,000 $156,419 $2,557 3.56%
    40% 302 $49,470,000 $163,808 $2,604 3.59%
    38% 283 $48,225,000 $170,406 $2,430 3.53%
    41% 282 $45,930,000 $162,872 $2,398 3.46%
    36% 266 $47,670,000 $179,211 $2,571 3.38%
    37% 258 $42,210,000 $163,605 $2,690 3.53%
    39% 236 $38,860,000 $164,661 $2,743 3.42%
    44% 226 $44,460,000 $196,726 $2,930 3.13%
    43% 216 $41,020,000 $189,907 $2,955 3.28%
    46% 134 $29,080,000 $217,015 $3,322 3.21%
    49% 118 $26,810,000 $227,203 $3,449 3.04%
    47% 112 $25,280,000 $225,714 $3,381 2.92%
    45% 105 $20,235,000 $192,714 $2,596 3.25%
    48% 96 $22,090,000 $230,104 $3,619 2.95%
    50-60% 59 $12,475,000 $211,441 $5,345 3.38%
    >60% 14 $2,170,000 $155,000 $1,818 3.47%

    Trustone Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,212 originations. The next most common DTI ratio? 30-36%, with 1,566 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,580 $1,093,710,000 $166,217 $2,475 3.44%
    Not provided 572 $107,700,000 $188,287 $2,983 3.32%
    Not applicable 21 $57,165,000 $2,722,143 $0 3.64%
    Black 305 $54,575,000 $178,934 $3,307 3.28%
    Asian 228 $41,470,000 $181,886 $2,715 3.35%
    American Indian 40 $6,360,000 $159,000 $2,900 3.34%
    Native Hawaiian or Islander 11 $1,685,000 $153,182 $2,818 3.44%
    Other Pacific Islander 4 $470,000 $117,500 $1,167 4.38%
    Asian Indian 2 $180,000 $90,000 $358 3.75%
    Other Asian 2 $130,000 $65,000 $0 3.56%

    Approval Rates

    Total approvals of all applications
    89.36%

    Trustone Financial Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.21%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,765 $1,363,445,000 $175,589

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,765 $1,363,445,000 $175,589

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,170 $153,930,000 $131,564 $1,454 3.69%
    40-60% 1,164 $263,330,000 $226,229 $2,568 2.95%
    60-80% 1,808 $471,200,000 $260,619 $3,144 3.03%
    80-100% 1,183 $336,105,000 $284,112 $4,061 3.05%
    Over 100% 3 $905,000 $301,667 $11,458 2.92%
    Under 20% 2,437 $137,975,000 $56,617 $371 3.98%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 57 10.7%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Closing on a mortgage 29 5.4%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Improper use of your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Incorrect information on your report 11 2.1%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.4%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 38 7.1%
    TRUIST FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 244 45.6%
    TRUIST FINANCIAL CORPORATION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 1.3%
    TRUIST FINANCIAL CORPORATION FHA mortgage Closing on a mortgage 4 0.7%
    TRUIST FINANCIAL CORPORATION FHA mortgage Incorrect information on your report 2 0.4%
    TRUIST FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 18 3.4%
    TRUIST FINANCIAL CORPORATION FHA mortgage Trouble during payment process 25 4.7%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 5 0.9%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 1.3%
    TRUIST FINANCIAL CORPORATION Home equity loan or line of credit (HELOC) Trouble during payment process 18 3.4%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 10 1.9%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Closing on a mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Improper use of your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Incorrect information on your report 1 0.2%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Struggling to pay mortgage 4 0.7%
    TRUIST FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 17 3.2%
    TRUIST FINANCIAL CORPORATION VA mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.1%
    TRUIST FINANCIAL CORPORATION VA mortgage Struggling to pay mortgage 3 0.6%
    TRUIST FINANCIAL CORPORATION VA mortgage Trouble during payment process 12 2.2%