Topline Federal Credit Union Mortgage Rates, Fees & Info

Maple Grove, MN

LEI: 549300Z1TH1HE4A6TS23

Tax ID: 41-0415960

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
  • 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 Purchase and Cash Out Refi loans. Topline Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Brainerd, St. Cloud, and Mankato among others. We have data for 9 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) 6.16% 12/16/24
    30 Year Conventional Purchase 6.24% 12/16/24
    30 Year Conventional Refi 6.48% 12/16/24
    30 Year Cash-out Refi 6.66% 12/16/24
    15 Year Conventional Purchase 5.75% 12/16/24
    15 Year Conventional Refi 5.92% 12/16/24
    15 Year Cash-out Refi 5.92% 12/16/24
    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.

    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

    366

    Origination Dollar Volume (All Markets)

    $55,780,000

    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) 347 $53,075,000 $152,954 $2,911 4.50%
    DULUTH, MN-WI (FHA|USDA|VA) 4 $730,000 $182,500 $3,162 4.76%
    Outside of Metro Areas 5 $505,000 $101,000 $2,712 4.32%
    Brainerd, MN (FHA|USDA|VA) 3 $365,000 $121,667 $2,286 4.32%
    ST. CLOUD, MN (FHA|USDA|VA) 2 $320,000 $160,000 $5,536 4.06%
    MANKATO, MN (FHA|USDA|VA) 2 $310,000 $155,000 $3,662 4.38%
    Alexandria, MN (FHA|USDA|VA) 1 $255,000 $255,000 $5,847 4.63%
    ROCHESTER, MN (FHA|USDA|VA) 1 $125,000 $125,000 $626 5.29%
    Bemidji, MN (FHA|USDA|VA) 1 $95,000 $95,000 $3,217 4.50%
    Topline Federal Credit Union's top markets include Minneapolis, Duluth, Brainerd, St. Cloud, and Mankato among others.

    Their top states include:
  • Minnesota (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.

    Cornerstone State Bank
    Similarity Rank: 408
    MEMBERS COOPERATIVE
    Similarity Rank: 630
    WESTconsin Credit Union
    Similarity Rank: 795
    SHAREPOINT CREDIT UNION
    Similarity Rank: 816
    South Metro Federal Credit Union
    Similarity Rank: 882
    First National Bank of Elk River
    Similarity Rank: 984
    Liberty Bank Minnesota
    Similarity Rank: 1080
    ST. CLOUD FINANCIAL
    Similarity Rank: 1150
    First State Bank and Trust
    Similarity Rank: 1162
    St. Paul Federal Credit Union
    Similarity Rank: 1197

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 366 $55,780,000 $152,404 $2,928 4.50%

    For 2018, Topline Federal Credit Union's most frequently originated type of loan was Conventional, with 366 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 138 $30,790,000 $223,116 $4,452 4.50%
    Cash Out Refi 94 $13,560,000 $144,255 $2,764 4.41%
    Other 92 $5,330,000 $57,935 $706 4.63%
    Refi 28 $5,280,000 $188,571 $3,587 4.11%
    Home Improvement 14 $820,000 $58,571 $803 5.03%

    For 2018, Topline Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Cash Out Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $39,440,000 $234,762 $4,436 4.62%
    10 Year 74 $4,070,000 $55,000 $792 4.46%
    15 Year 66 $7,080,000 $107,273 $2,028 4.70%
    5 Year 27 $705,000 $26,111 $402 3.87%
    20 Year 16 $3,250,000 $203,125 $4,332 4.05%
    Other 15 $1,235,000 $82,333 $1,967 4.16%

    For 2018, Topline Federal Credit Union's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 10 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 85 $17,005,000 $200,059
    $1k-2k 64 $8,220,000 $128,438
    $3k-4k 37 $11,235,000 $303,649
    $<1k 31 $5,635,000 $181,774
    $4k-5k 14 $5,830,000 $416,429
    $5k+ 1 $415,000 $415,000

    Topline Federal Credit Union's average total fees were $4,436, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 204 $36,070,000 $176,814
    3-4% 85 $10,605,000 $124,765
    5-6% 58 $8,240,000 $142,069
    6-7% 10 $450,000 $45,000
    2.5-3% 6 $280,000 $46,667
    7-8% 2 $90,000 $45,000

    During 2018, Topline Federal Credit Union's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 147 $6,675,000 $45,408 $785 4.56%
    $100k-200k 112 $16,710,000 $149,196 $3,537 4.44%
    $200k-400k 89 $23,555,000 $264,663 $4,728 4.47%
    $400k-600k 16 $7,440,000 $465,000 $6,100 4.50%
    $600k-1MM 2 $1,400,000 $700,000 $7,169 5.38%

    2018 saw Topline Federal Credit Union place emphasis on $100,000 or less loans with 147 originations, totaling $6,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 95 $13,865,000 $145,947 $2,520 4.53%
    $50k-75k 72 $8,720,000 $121,111 $2,976 4.65%
    $75k-100k 70 $10,580,000 $151,143 $3,000 4.41%
    $150k-250k 69 $13,625,000 $197,464 $3,349 4.42%
    $50k or less 46 $5,000,000 $108,696 $2,771 4.39%
    $250k+ 13 $3,915,000 $301,154 $3,529 4.91%

    Topline Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 95 originations. The second most popular income band? $50k-75k, with 72 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 112 $15,100,000 $134,821 $2,660 4.42%
    <20% 75 $8,195,000 $109,267 $1,795 4.42%
    30-36% 61 $10,135,000 $166,148 $3,157 4.65%
    36% 15 $3,355,000 $223,667 $3,786 4.39%
    43% 13 $2,765,000 $212,692 $4,271 4.49%
    38% 12 $1,660,000 $138,333 $3,174 4.55%
    40% 11 $2,505,000 $227,727 $4,166 4.53%
    41% 8 $1,550,000 $193,750 $4,405 4.63%
    48% 7 $1,435,000 $205,000 $4,278 4.43%
    44% 7 $1,095,000 $156,429 $4,461 4.57%
    37% 7 $955,000 $136,429 $2,916 4.91%
    42% 6 $910,000 $151,667 $3,153 5.00%
    39% 5 $1,725,000 $345,000 $4,667 4.85%
    46% 5 $1,125,000 $225,000 $4,383 4.78%
    47% 5 $1,055,000 $211,000 $3,900 4.50%
    >60% 5 $715,000 $143,000 $2,471 4.53%
    50-60% 3 $375,000 $125,000 $1,387 4.20%
    45% 3 $605,000 $201,667 $4,568 4.58%
    49% 1 $165,000 $165,000 $3,450 4.38%

    Topline Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 112 originations. The next most common DTI ratio? <20%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 313 $46,975,000 $150,080 $2,825 4.50%
    Not provided 25 $3,925,000 $157,000 $3,436 4.56%
    Asian 15 $2,585,000 $172,333 $3,600 4.57%
    Black 12 $2,020,000 $168,333 $3,605 4.39%
    American Indian 1 $275,000 $275,000 $4,577 4.13%

    Approval Rates

    Total approvals of all applications
    88.18%

    Topline Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.58%

    Topline Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 366 $55,780,000 $152,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 366 $55,780,000 $152,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $3,420,000 $77,727 $1,052 4.50%
    40-60% 33 $5,195,000 $157,424 $3,452 4.09%
    60-80% 86 $18,410,000 $214,070 $4,348 4.44%
    80-100% 102 $25,040,000 $245,490 $4,462 4.56%
    Under 20% 100 $3,670,000 $36,700 $488 4.63%