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 Home Purchase and 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 Brainerd among others. We have data for 59 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% | 11/21/24 |
| 30 Year Conventional Purchase | 6.26% | 11/21/24 |
| 30 Year Conventional Refi | 6.30% | 11/21/24 |
| 30 Year Cash-out Refi | 6.42% | 11/21/24 |
| 30 Year FHA Purchase | 7.49% | 11/21/24 |
| 30 Year FHA Refi | 6.95% | 11/21/24 |
| 30 Year VA Purchase | 6.26% | 11/21/24 |
| 30 Year USDA Purchase | 6.64% | 11/21/24 |
| 15 Year Conventional Purchase | 5.96% | 11/21/24 |
| 15 Year Conventional Refi | 6.06% | 11/21/24 |
| 15 Year Cash-out Refi | 6.06% | 11/21/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,431Origination Dollar Volume (All Markets)
$1,035,815,000Awards
TRUSTONE FINANCIAL FEDERAL CREDIT UNION - 2022
TRUSTONE FINANCIAL FEDERAL CREDIT UNION is a 2022 , due to their low .
For 2022, 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) | 5,180 | $821,750,000 | $158,639 | $2,022 | 4.71% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 283 | $53,965,000 | $190,689 | $882 | 4.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 217 | $24,365,000 | $112,281 | $1,928 | 4.88% |
| Outside of Metro Areas | 167 | $23,425,000 | $140,269 | $2,213 | 4.59% |
| ST. CLOUD, MN (FHA|USDA|VA) | 105 | $12,525,000 | $119,286 | $2,017 | 4.94% |
| Brainerd, MN (FHA|USDA|VA) | 56 | $12,290,000 | $219,464 | $2,682 | 4.51% |
| RACINE, WI (FHA|USDA|VA) | 66 | $8,930,000 | $135,303 | $2,427 | 5.10% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 41 | $7,155,000 | $174,512 | $1,974 | 5.27% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 60 | $7,050,000 | $117,500 | $1,461 | 4.62% |
| TYLER, TX (FHA|USDA|VA) | 2 | $7,020,000 | $3,510,000 | $0 | 4.40% |
| Owatonna, MN (FHA|USDA|VA) | 9 | $4,965,000 | $551,667 | $3,079 | 4.75% |
| DULUTH, MN-WI (FHA|USDA|VA) | 31 | $4,685,000 | $151,129 | $3,216 | 4.73% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $4,145,000 | $4,145,000 | $0 | 5.16% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 13 | $4,135,000 | $318,077 | $4,204 | 4.65% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $2,905,000 | $2,905,000 | $0 | 4.70% |
| Grand Rapids, MN (FHA|USDA|VA) | 10 | $2,720,000 | $272,000 | $2,021 | 4.24% |
| Alexandria, MN (FHA|USDA|VA) | 10 | $2,290,000 | $229,000 | $2,665 | 5.05% |
| Red Wing, MN (FHA|USDA|VA) | 15 | $2,275,000 | $151,667 | $1,456 | 4.88% |
| Hutchinson, MN (FHA|USDA|VA) | 16 | $2,250,000 | $140,625 | $2,728 | 4.48% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $2,145,000 | $2,145,000 | $0 | 3.37% |
| Whitewater, WI (FHA|USDA|VA) | 13 | $2,035,000 | $156,538 | $792 | 5.51% |
| ROCHESTER, MN (FHA|USDA|VA) | 12 | $1,840,000 | $153,333 | $2,866 | 4.61% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $5,507 | 4.91% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $5,342 | 4.48% |
| Fergus Falls, MN (FHA|USDA|VA) | 8 | $1,440,000 | $180,000 | $820 | 4.19% |
| MADISON, WI (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $497 | 5.35% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $3,909 | 5.20% |
| Winona, MN (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $3,485 | 4.26% |
| Willmar, MN (FHA|USDA|VA) | 11 | $995,000 | $90,455 | $229 | 4.68% |
| MANKATO, MN (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $2,751 | 4.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $5,708 | 4.40% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $2,901 | 4.69% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $10,040 | 5.38% |
| Beaver Dam, WI (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $1,574 | 5.70% |
| TUCSON, AZ (FHA|USDA|VA) | 6 | $680,000 | $113,333 | $3,663 | 5.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $5,597 | 5.67% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $1,957 | 5.11% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,395 | 3.91% |
| GREEN BAY, WI (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $1,330 | 4.14% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,063 | 3.80% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,818 | 3.25% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $282 | 4.63% |
| Austin, MN (FHA|USDA|VA) | 4 | $390,000 | $97,500 | $1,257 | 5.02% |
| Marshall, MN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $2,198 | 4.74% |
| Menomonie, WI (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $1,648 | 4.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,545 | 3.88% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,275 | 4.38% |
| Bemidji, MN (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $174 | 5.17% |
| FOND DU LAC, WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,946 | 4.06% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,350 | 4.88% |
| Albert Lea, MN (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $355 | 6.03% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,041 | 7.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 5.28% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 4.88% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.25% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,499 | 6.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $151 | 4.49% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $511 | 6.29% |
Similar Lenders
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Product Mix
For 2022, Trustone Financial Federal Credit Union's most frequently originated type of loan was Conventional, with 4,117 originations. Their 2nd most popular type was HELOC, with 2,221 originations.
Loan Reason
For 2022, Trustone Financial Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 2,142 originations. The 2nd most popular reason was Home Purchase, with 1,536 originations.
Loan Duration/Length
For 2022, Trustone Financial Federal Credit Union's most frequently cited loan duration was 10 Year, with 2,774 originations. The 2nd most popular length was 30 Year, with 1,630 originations.
Origination Fees/Closing Costs
Trustone Financial Federal Credit Union's average total fees were $4,278, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,697 originations.
Interest Rates
During 2022, Trustone Financial Federal Credit Union's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 1,984 originations.
Loan Sizing
2022 saw Trustone Financial Federal Credit Union place emphasis on $100,000 or less loans with 3,207 originations, totaling $168,675,000 in origination value.
Applicant Income
Trustone Financial Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,714 originations. The second most popular income band? $150k-250k, with 1,498 originations.
Applicant Debt to Income Ratio
Trustone Financial Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,775 originations. The next most common DTI ratio? 30-36%, with 1,246 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.86%
Trustone Financial Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination77.36%
Trustone Financial Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,431 | $1,035,815,000 | $161,066 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6,431 | $1,035,815,000 | $161,066 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TRUIST FINANCIAL CORPORATION | Conventional home mortgage | Trouble during payment process | 3 | 37.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | FHA mortgage | Trouble during payment process | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 12.5% |
| TRUIST FINANCIAL CORPORATION | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |