Topline Federal Credit Union Mortgage Rates, Fees & Info
Maple Grove, MNLEI: 549300Z1TH1HE4A6TS23
Tax ID: 41-0415960
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Mortgage Data
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, Brainerd, Alexandria, Faribault, and Rochester among others. We have data for 14 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 an 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.16% | 4/21/24 |
| 30 Year Conventional Purchase | 6.24% | 4/21/24 |
| 30 Year Conventional Refi | 6.48% | 4/21/24 |
| 30 Year Cash-out Refi | 6.66% | 4/21/24 |
| 15 Year Conventional Purchase | 5.75% | 4/21/24 |
| 15 Year Conventional Refi | 5.92% | 4/21/24 |
| 15 Year Cash-out Refi | 5.92% | 4/21/24 |
| 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. | ||
Topline Federal Credit Union Mortgage Calculator
Your Estimates
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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
477Origination Dollar Volume (All Markets)
$89,375,000Top 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) | 450 | $84,950,000 | $188,778 | $3,104 | 4.25% |
| Brainerd, MN (FHA|USDA|VA) | 5 | $1,805,000 | $361,000 | $4,688 | 3.80% |
| Alexandria, MN (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $4,407 | 4.19% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,343 | 4.06% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,341 | 3.77% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,555 | 5.00% |
| Outside of Metro Areas | 4 | $290,000 | $72,500 | $2,406 | 4.28% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,947 | 4.25% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,917 | 3.88% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,290 | 4.88% |
| Willmar, MN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,286 | 4.76% |
| Austin, MN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,531 | 4.75% |
| Albert Lea, MN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $3,329 | 4.75% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $425 | 5.59% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 477 | $89,375,000 | $187,369 | $3,111 | 4.25% |
For 2019, Topline Federal Credit Union's most frequently originated type of loan was Conventional, with 477 originations.
Loan Reason
For 2019, Topline Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Cash Out Refi, with 133 originations.
Loan Duration/Length
For 2019, Topline Federal Credit Union's most frequently cited loan duration was 30 Year, with 252 originations. The 2nd most popular length was 15 Year, with 100 originations.
Origination Fees/Closing Costs
Topline Federal Credit Union's average total fees were $3,850, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 173 originations.
Interest Rates
During 2019, Topline Federal Credit Union's average interest rate for loans was 4.03%, while their most frequently originated rate bucket for loans was 3-4%, with 242 originations.
Loan Sizing
2019 saw Topline Federal Credit Union place emphasis on $100k-200k loans with 161 originations, totaling $25,075,000 in origination value.
Applicant Income
Topline Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 131 originations. The second most popular income band? $50k-75k, with 100 originations.
Applicant Debt to Income Ratio
Topline Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.07%
Topline Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.15%
Topline Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 477 | $89,375,000 | $187,369 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 477 | $89,375,000 | $187,369 |