Topline Federal Credit Union Mortgage Rates, Fees & Info

Maple Grove, MN

LEI: 549300Z1TH1HE4A6TS23

Tax ID: 41-0415960

5 stars - Updated: 4/5/25 - out of 5 stars, based on 25 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Topline Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Topline Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Brainerd, Rochester, Cape Coral, and Duluth among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Topline 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. Topline 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.

    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) 6.00% 4/5/25
    30 Year Conventional Purchase 6.05% 4/5/25
    30 Year Conventional Refi 5.20% 4/5/25
    30 Year Cash-out Refi 6.10% 4/5/25
    15 Year Conventional Purchase 6.53% 4/5/25
    15 Year Conventional Refi 7.60% 4/5/25
    15 Year Cash-out Refi 7.60% 4/5/25
    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.

    Topline 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 Topline 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

    638

    Origination Dollar Volume (All Markets)

    $96,000,000

    Awards

    TOPLINE FEDERAL CREDIT UNION 30 Year Conventional Loans gold TOPLINE FEDERAL CREDIT UNION 30 Year Conventional Loans gold TOPLINE FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Topline Federal Credit Union's average 30 year fixed mortgage rate was 6.82%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.27%.

    Relative Fees (Closing Costs)

    Topline Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,587.

    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 $8,356.

    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) 593 $86,315,000 $145,556 $3,142 7.03%
    Outside of Metro Areas 19 $3,535,000 $186,053 $5,009 6.37%
    Brainerd, MN (FHA|USDA|VA) 6 $1,790,000 $298,333 $6,839 6.81%
    ROCHESTER, MN (FHA|USDA|VA) 3 $1,165,000 $388,333 $5,919 6.46%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 6.57%
    DULUTH, MN-WI (FHA|USDA|VA) 5 $605,000 $121,000 $5,057 6.92%
    Fergus Falls, MN (FHA|USDA|VA) 2 $510,000 $255,000 $7,915 7.06%
    Grand Rapids, MN (FHA|USDA|VA) 2 $370,000 $185,000 $7,116 7.62%
    Bemidji, MN (FHA|USDA|VA) 1 $245,000 $245,000 $6,076 6.88%
    Alexandria, MN (FHA|USDA|VA) 1 $195,000 $195,000 $4,251 6.88%
    ST. CLOUD, MN (FHA|USDA|VA) 3 $195,000 $65,000 $91 8.14%
    Owatonna, MN (FHA|USDA|VA) 1 $45,000 $45,000 $181 9.39%
    MANKATO, MN (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.49%
    Topline Federal Credit Union's top markets include Minneapolis, Brainerd, Rochester, Cape Coral, and Duluth among others.

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

    • Similar Lenders

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

    MY Credit Union
    Similarity Rank: 130
    SHAREPOINT CREDIT UNION
    Similarity Rank: 348
    ST. CLOUD FINANCIAL
    Similarity Rank: 742
    VERIDIAN CREDIT UNION
    Similarity Rank: 915
    Cornerstone State Bank
    Similarity Rank: 936
    TOPLINE FEDERAL CREDIT UNION
    Similarity Rank: 975
    Liberty Bank Minnesota
    Similarity Rank: 1188
    IDEAL
    Similarity Rank: 1200
    University of Wisconsin Credit Union
    Similarity Rank: 1295
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 1323

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 340 $34,720,000 $102,118 n/a 7.02%
    Conventional 298 $61,280,000 $205,638 $3,334 7.02%

    For 2024, Topline Federal Credit Union's most frequently originated type of loan was HELOC, with 340 originations. Their 2nd most popular type was Conventional, with 298 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 224 $19,990,000 $89,241 $439 7.33%
    Other 204 $20,390,000 $99,951 $1,163 7.27%
    Home Purchase 146 $45,820,000 $313,836 $5,730 6.38%
    Refi 42 $5,960,000 $141,905 $1,866 6.43%
    Cash Out Refi 22 $3,840,000 $174,545 $4,379 6.94%

    For 2024, Topline Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 224 originations. The 2nd most popular reason was Other, with 204 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 463 $79,985,000 $172,754 $5,587 6.82%
    15 Year 82 $8,420,000 $102,683 $885 6.91%
    10 Year 36 $2,860,000 $79,444 $306 7.65%
    20 Year 32 $3,060,000 $95,625 $440 8.96%
    5 Year 18 $710,000 $39,444 $237 7.36%
    1 Year 7 $965,000 $137,857 $1,877 8.83%

    For 2024, Topline Federal Credit Union's most frequently cited loan duration was 30 Year, with 463 originations. The 2nd most popular length was 15 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 149 $16,645,000 $111,711
    $2k-3k 43 $10,235,000 $238,023
    $3k-4k 32 $9,010,000 $281,563
    $5k+ 26 $13,170,000 $506,538
    $4k-5k 23 $8,025,000 $348,913
    $1k-2k 18 $2,930,000 $162,778

    Topline Federal Credit Union's average total fees were $5,587, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 149 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 226 $37,910,000 $167,743
    6-7% 187 $35,705,000 $190,936
    Over 8% 168 $15,570,000 $92,679
    7-8% 48 $5,260,000 $109,583
    4-5% 9 $1,555,000 $172,778

    During 2024, Topline Federal Credit Union's average interest rate for loans was 6.82%, while their most frequently originated rate bucket for loans was 5-6%, with 226 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 293 $16,455,000 $56,160 $376 7.47%
    $100k-200k 191 $25,905,000 $135,628 $2,548 6.88%
    $200k-400k 116 $33,440,000 $288,276 $5,290 6.36%
    $400k-600k 30 $13,870,000 $462,333 $8,097 6.46%
    $600k-1MM 7 $5,325,000 $760,714 $8,605 5.82%
    $1MM+ 1 $1,005,000 $1,005,000 $0 6.57%

    2024 saw Topline Federal Credit Union place emphasis on $100,000 or less loans with 293 originations, totaling $16,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 177 $24,175,000 $136,582 $3,105 7.19%
    $150k-250k 175 $29,285,000 $167,343 $3,963 6.91%
    $75k-100k 96 $13,690,000 $142,604 $3,719 6.77%
    $50k-75k 90 $8,270,000 $91,889 $1,781 7.37%
    $250k+ 67 $17,665,000 $263,657 $4,538 6.88%
    $50k or less 33 $2,915,000 $88,333 $2,492 6.78%

    Topline Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 177 originations. The second most popular income band? $150k-250k, with 175 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 130 $20,450,000 $157,308 $3,068 6.70%
    30-36% 127 $17,445,000 $137,362 $3,250 7.12%
    44% 51 $5,055,000 $99,118 $4,938 7.21%
    42% 44 $5,790,000 $131,591 $1,848 7.82%
    43% 39 $5,145,000 $131,923 $3,761 7.12%
    <20% 38 $5,940,000 $156,316 $3,488 6.67%
    41% 31 $6,145,000 $198,226 $3,997 6.85%
    40% 30 $4,640,000 $154,667 $3,213 7.21%
    39% 28 $4,060,000 $145,000 $2,947 7.06%
    38% 21 $3,365,000 $160,238 $3,123 7.25%
    37% 21 $3,765,000 $179,286 $4,524 7.40%
    36% 21 $3,955,000 $188,333 $3,679 7.33%
    45% 14 $1,570,000 $112,143 $3,312 6.82%
    48% 11 $3,095,000 $281,364 $5,123 6.59%
    47% 10 $1,690,000 $169,000 $3,827 6.46%
    50-60% 9 $855,000 $95,000 $2,087 6.73%
    49% 8 $2,300,000 $287,500 $4,706 6.01%
    46% 3 $565,000 $188,333 $3,737 6.00%
    >60% 1 $95,000 $95,000 $1,061 8.79%

    Topline Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 440 $60,740,000 $138,045 $2,850 7.05%
    Not provided 139 $22,665,000 $163,058 $4,021 6.92%
    Asian 32 $6,810,000 $212,813 $4,005 7.02%
    Black 15 $2,545,000 $169,667 $4,015 7.19%
    Asian Indian 7 $2,175,000 $310,714 $6,886 6.16%
    Other Asian 1 $485,000 $485,000 $11,614 6.25%
    Filipino 1 $235,000 $235,000 $4,505 6.38%
    Korean 1 $185,000 $185,000 $2,532 6.50%
    American Indian 2 $160,000 $80,000 $0 9.87%

    Approval Rates

    Total approvals of all applications
    83.71%

    Topline Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.27%

    Topline Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 638 $96,000,000 $150,470

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    638 $96,000,000 $150,470

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 174 $21,630,000 $124,310 $1,027 7.26%
    40-60% 49 $10,165,000 $207,449 $3,394 6.47%
    60-80% 75 $23,115,000 $308,200 $5,836 6.29%
    80-100% 70 $24,610,000 $351,571 $6,219 6.30%
    Under 20% 270 $16,480,000 $61,037 $312 7.36%