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 Refi 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 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Topline Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above 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% 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

    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

    1,070

    Origination Dollar Volume (All Markets)

    $262,110,000

    Awards

    TOPLINE FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) 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) 1,022 $251,970,000 $246,546 $3,027 3.10%
    DULUTH, MN-WI (FHA|USDA|VA) 7 $2,335,000 $333,571 $4,500 3.05%
    Brainerd, MN (FHA|USDA|VA) 7 $2,205,000 $315,000 $3,989 3.07%
    Outside of Metro Areas 12 $2,100,000 $175,000 $3,116 2.68%
    ST. CLOUD, MN (FHA|USDA|VA) 6 $1,140,000 $190,000 $2,730 2.92%
    MANKATO, MN (FHA|USDA|VA) 4 $560,000 $140,000 $3,021 2.75%
    Faribault-Northfield, MN (FHA|USDA|VA) 2 $410,000 $205,000 $2,626 2.69%
    Red Wing, MN (FHA|USDA|VA) 2 $400,000 $200,000 $3,073 3.31%
    Alexandria, MN (FHA|USDA|VA) 1 $305,000 $305,000 $4,390 2.75%
    Fergus Falls, MN (FHA|USDA|VA) 1 $305,000 $305,000 $3,895 3.50%
    ROCHESTER, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,051 2.88%
    Albert Lea, MN (FHA|USDA|VA) 3 $135,000 $45,000 $2,762 4.75%
    Grand Rapids, MN (FHA|USDA|VA) 1 $75,000 $75,000 $2,889 3.50%
    Willmar, MN (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
    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.

    Peoples Bank Midwest
    Similarity Rank: 608
    Liberty Bank Minnesota
    Similarity Rank: 882
    First Dakota National Bank
    Similarity Rank: 1517
    Anoka Hennepin Credit Union
    Similarity Rank: 1564
    VALLEY MORTGAGE, INC.
    Similarity Rank: 1876
    TOPLINE FEDERAL CREDIT UNION
    Similarity Rank: 1946
    ST. CLOUD FINANCIAL
    Similarity Rank: 1976
    CENTRAL MINNESOTA Credit Union
    Similarity Rank: 2175
    South Metro Federal Credit Union
    Similarity Rank: 2244
    Cornerstone State Bank
    Similarity Rank: 2312

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,070 $262,110,000 $244,963 $3,040 3.10%

    For 2020, Topline Federal Credit Union's most frequently originated type of loan was Conventional, with 1,070 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 485 $123,245,000 $254,113 $2,795 2.87%
    Cash Out Refi 320 $77,960,000 $243,625 $3,472 3.07%
    Home Purchase 167 $49,075,000 $293,862 $3,887 3.01%
    Other 70 $9,960,000 $142,286 $1,530 4.15%
    Home Improvement 28 $1,870,000 $66,786 $529 5.19%

    For 2020, Topline Federal Credit Union's most frequently cited loan purpose was Refi, with 485 originations. The 2nd most popular reason was Cash Out Refi, with 320 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 570 $157,690,000 $276,649 $3,483 3.11%
    15 Year 284 $59,770,000 $210,458 $2,617 2.89%
    20 Year 132 $35,890,000 $271,894 $3,046 2.95%
    10 Year 63 $6,995,000 $111,032 $1,416 3.86%
    5 Year 14 $510,000 $36,429 $110 4.66%
    Other 7 $1,255,000 $179,286 $2,746 3.59%

    For 2020, Topline Federal Credit Union's most frequently cited loan duration was 30 Year, with 570 originations. The 2nd most popular length was 15 Year, with 284 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 402 $73,600,000 $183,085
    $<1k 357 $84,175,000 $235,784
    $2k-3k 255 $79,935,000 $313,471
    $3k-4k 38 $16,390,000 $431,316
    $4k-5k 11 $5,175,000 $470,455
    $5k+ 7 $2,835,000 $405,000

    Topline Federal Credit Union's average total fees were $3,483, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 402 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 467 $122,095,000 $261,445
    3-4% 318 $80,590,000 $253,428
    <2.5% 206 $52,130,000 $253,058
    4-5% 46 $5,660,000 $123,043
    5-6% 15 $685,000 $45,667
    6-7% 12 $540,000 $45,000
    7-8% 3 $185,000 $61,667
    Over 8% 3 $225,000 $75,000

    During 2020, Topline Federal Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was 2.5-3%, with 467 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 543 $152,245,000 $280,378 $3,269 2.95%
    $100k-200k 315 $49,145,000 $156,016 $2,756 2.98%
    $400k-600k 103 $47,105,000 $457,330 $3,949 2.86%
    $100,000 or less 98 $5,550,000 $56,633 $1,165 4.52%
    $600k-1MM 10 $7,000,000 $700,000 $6,635 3.16%
    $1MM+ 1 $1,065,000 $1,065,000 $7,172 3.13%

    2020 saw Topline Federal Credit Union place emphasis on $200k-400k loans with 543 originations, totaling $152,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 331 $84,855,000 $256,360 $2,886 3.02%
    $150k-250k 222 $65,730,000 $296,081 $3,308 3.08%
    $75k-100k 217 $49,195,000 $226,705 $3,040 3.13%
    $50k-75k 167 $28,315,000 $169,551 $2,842 3.20%
    $250k+ 66 $24,620,000 $373,030 $3,810 3.00%
    $50k or less 66 $9,200,000 $139,394 $2,626 3.25%

    Topline Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 331 originations. The second most popular income band? $150k-250k, with 222 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 355 $87,355,000 $246,070 $2,869 3.07%
    30-36% 204 $49,790,000 $244,069 $2,983 3.20%
    <20% 169 $39,335,000 $232,751 $2,855 2.95%
    39% 46 $11,120,000 $241,739 $3,486 3.27%
    42% 39 $9,845,000 $252,436 $3,572 3.20%
    40% 38 $8,600,000 $226,316 $3,010 3.14%
    37% 31 $7,285,000 $235,000 $3,250 3.09%
    38% 27 $7,755,000 $287,222 $3,615 3.49%
    36% 26 $7,430,000 $285,769 $3,273 2.90%
    44% 25 $5,895,000 $235,800 $2,952 3.03%
    41% 22 $5,470,000 $248,636 $3,272 3.44%
    43% 16 $4,180,000 $261,250 $3,462 2.94%
    46% 16 $4,310,000 $269,375 $3,184 2.84%
    48% 15 $3,865,000 $257,667 $3,533 3.12%
    47% 14 $3,750,000 $267,857 $3,424 3.05%
    49% 13 $3,125,000 $240,385 $3,346 2.81%
    45% 12 $2,440,000 $203,333 $3,448 3.09%
    50-60% 2 $560,000 $280,000 $3,795 3.50%

    Topline Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 355 originations. The next most common DTI ratio? 30-36%, with 204 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 617 $146,725,000 $237,804 $3,140 3.10%
    Not provided 294 $70,250,000 $238,946 $3,069 3.17%
    Asian 94 $27,920,000 $297,021 $2,321 2.86%
    Asian Indian 24 $8,000,000 $333,333 $2,379 2.72%
    Black 31 $7,175,000 $231,452 $3,605 3.31%
    American Indian 4 $800,000 $200,000 $2,972 3.35%
    Chinese 2 $600,000 $300,000 $3,673 2.50%
    Other Asian 3 $555,000 $185,000 $2,625 3.33%
    Native Hawaiian or Islander 1 $85,000 $85,000 $691 4.94%

    Approval Rates

    Total approvals of all applications
    96.05%

    Topline Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.18%

    Topline Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,070 $262,110,000 $244,963

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,070 $262,110,000 $244,963

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $6,545,000 $114,825 $2,107 3.34%
    40-60% 202 $37,260,000 $184,455 $2,700 2.84%
    60-80% 541 $150,815,000 $278,771 $3,294 3.01%
    80-100% 215 $64,405,000 $299,558 $3,558 2.99%
    Under 20% 51 $2,145,000 $42,059 $298 5.21%