City-county Credit Union Mortgage Rates, Fees & Info

SAINT PAUL, MN

LEI: 984500DB378C704F4610

Tax ID: 41-0191495

5 stars - Updated: 3/28/24 - out of 5 stars, based on 17 reviews

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

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Mortgage Data

Review & Overview

City-county Credit Union is a smaller credit union specializing in Home Purchase loans. City-county Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Chicago, Brainerd, Red Wing, and Duluth among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

City-county 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. City-county Credit Union is typically an average 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 relatively high 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
30 Year Conventional Purchase 8.69% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 8.35% 3/28/24
15 Year Conventional Purchase 7.92% 3/28/24
15 Year Conventional Refi 5.80% 3/28/24
15 Year Cash-out Refi 5.80% 3/28/24
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.

City-county Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from City-county 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

275

Origination Dollar Volume (All Markets)

$39,345,000

Relative Rate

City-county Credit Union's average 30 year fixed mortgage rate was 6.65%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.17%.

Relative Fees (Closing Costs)

City-county Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,282.

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 $9,089.

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) 224 $30,670,000 $136,920 $1,574 6.53%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,250,000 $625,000 $8,787 6.56%
Brainerd, MN (FHA|USDA|VA) 6 $1,140,000 $190,000 $2,674 7.08%
Red Wing, MN (FHA|USDA|VA) 2 $600,000 $300,000 $5,573 6.63%
Outside of Metro Areas 6 $510,000 $85,000 $1,962 6.77%
DULUTH, MN-WI (FHA|USDA|VA) 3 $475,000 $158,333 $2,833 7.41%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $460,000 $230,000 $4,052 6.93%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $420,000 $210,000 $3,035 6.69%
JOPLIN, MO (FHA|USDA|VA) 2 $410,000 $205,000 $1,979 6.56%
TUCSON, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $7,251 7.25%
Jackson, OH (FHA|USDA|VA) 1 $295,000 $295,000 $6,106 5.38%
APPLETON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,625 6.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $5,242 7.88%
Big Rapids, MI (FHA|USDA|VA) 1 $245,000 $245,000 $4,907 7.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $245,000 $245,000 $4,853 8.63%
Hannibal, MO (FHA|USDA|VA) 3 $235,000 $78,333 $650 6.49%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $235,000 $235,000 $3,672 6.38%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $215,000 $215,000 $4,856 6.75%
ST. CLOUD, MN (FHA|USDA|VA) 1 $205,000 $205,000 $4,100 6.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $195,000 $65,000 $550 6.58%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $135,000 $135,000 $675 6.99%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $105,000 $105,000 $3,148 6.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $100,000 $50,000 $745 6.49%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $100,000 $50,000 $99 6.49%
Shelbyville, TN (FHA|USDA|VA) 1 $65,000 $65,000 $550 7.24%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $495 6.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $45,000 $45,000 $525 6.99%
STOCKTON, CA (FHA|USDA|VA) 1 $25,000 $25,000 $405 6.99%
ROCKFORD, IL (FHA|USDA|VA) 1 $25,000 $25,000 $525 6.74%
City-county Credit Union's top markets include Minneapolis, Chicago, Brainerd, Red Wing, and Duluth among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

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

    South Metro Federal Credit Union
    Similarity Rank: 55
    MY Credit Union
    Similarity Rank: 225
    Cornerstone State Bank
    Similarity Rank: 456
    SHAREPOINT CREDIT UNION
    Similarity Rank: 745
    Mortgages Unlimited Inc.
    Similarity Rank: 1122
    IDEAL
    Similarity Rank: 1152
    Liberty Bank Minnesota
    Similarity Rank: 1166
    ST. CLOUD FINANCIAL
    Similarity Rank: 1179
    SPIRE Credit Union
    Similarity Rank: 1254
    WESTconsin Credit Union
    Similarity Rank: 1288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 275 $39,345,000 $143,073 $1,806 6.58%

    For 2023, City-county Credit Union's most frequently originated type of loan was Conventional, with 275 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 89 $5,595,000 $62,865 $412 6.68%
    Home Purchase 79 $23,555,000 $298,165 $4,971 6.62%
    Other 71 $4,205,000 $59,225 $401 6.49%
    Refi 35 $5,845,000 $167,000 $533 6.44%
    Cash Out Refi 1 $145,000 $145,000 $3,030 6.38%

    For 2023, City-county Credit Union's most frequently cited loan purpose was Home Improvement, with 89 originations. The 2nd most popular reason was Home Purchase, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 80 $5,190,000 $64,875 $377 6.37%
    20 Year 78 $6,820,000 $87,436 $614 6.81%
    30 Year 69 $21,045,000 $305,000 $5,282 6.65%
    15 Year 48 $6,290,000 $131,042 $864 6.46%

    For 2023, City-county Credit Union's most frequently cited loan duration was 10 Year, with 80 originations. The 2nd most popular length was 20 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 30 $7,790,000 $259,667
    $3k-4k 21 $8,395,000 $399,762
    $1k-2k 12 $1,630,000 $135,833
    $<1k 6 $1,750,000 $291,667
    $4k-5k 5 $2,555,000 $511,000
    $5k+ 2 $1,010,000 $505,000

    City-county Credit Union's average total fees were $5,282, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 183 $26,565,000 $145,164
    5-6% 48 $6,520,000 $135,833
    7-8% 41 $5,575,000 $135,976
    Over 8% 2 $290,000 $145,000
    4-5% 1 $395,000 $395,000

    During 2023, City-county Credit Union's average interest rate for loans was 6.65%, while their most frequently originated rate bucket for loans was 6-7%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 154 $7,640,000 $49,610 $435 6.60%
    $100k-200k 52 $7,300,000 $140,385 $1,342 6.56%
    $200k-400k 50 $14,340,000 $286,800 $4,846 6.57%
    $400k-600k 14 $6,480,000 $462,857 $7,100 6.63%
    $600k-1MM 4 $2,580,000 $645,000 $6,397 6.28%
    $1MM+ 1 $1,005,000 $1,005,000 $1,150 6.24%

    2023 saw City-county Credit Union place emphasis on $100,000 or less loans with 154 originations, totaling $7,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $11,425,000 $134,412 $1,865 6.59%
    $150k-250k 61 $10,245,000 $167,951 $1,896 6.58%
    $75k-100k 44 $4,930,000 $112,045 $1,789 6.64%
    $50k-75k 41 $2,955,000 $72,073 $1,211 6.60%
    $250k+ 36 $9,310,000 $258,611 $2,435 6.51%
    $50k or less 8 $480,000 $60,000 $910 6.35%

    City-county Credit Union lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $150k-250k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 81 $14,215,000 $175,494 $2,383 6.58%
    30-36% 56 $7,600,000 $135,714 $1,561 6.58%
    <20% 18 $2,700,000 $150,000 $1,803 6.22%
    37% 17 $1,505,000 $88,529 $727 6.72%
    38% 17 $1,865,000 $109,706 $1,455 6.61%
    41% 15 $2,305,000 $153,667 $1,759 6.57%
    36% 10 $1,720,000 $172,000 $2,594 6.34%
    42% 9 $1,465,000 $162,778 $2,349 6.77%
    44% 8 $660,000 $82,500 $990 6.49%
    40% 7 $1,065,000 $152,143 $2,014 6.69%
    39% 6 $360,000 $60,000 $558 6.16%
    43% 6 $390,000 $65,000 $963 6.89%
    47% 6 $950,000 $158,333 $1,253 6.68%
    45% 5 $255,000 $51,000 $1,076 6.89%
    48% 4 $970,000 $242,500 $2,250 6.43%
    46% 3 $115,000 $38,333 $468 6.74%
    49% 3 $615,000 $205,000 $3,870 7.46%
    50-60% 2 $110,000 $55,000 $99 6.62%
    >60% 1 $265,000 $265,000 $4,775 7.63%

    City-county Credit Union lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 215 $28,705,000 $133,512 $1,665 6.54%
    Not provided 28 $5,640,000 $201,429 $2,880 6.66%
    Asian 12 $2,310,000 $192,500 $2,343 6.96%
    Black 16 $1,700,000 $106,250 $911 6.66%
    Not applicable 1 $495,000 $495,000 $6,324 6.38%
    American Indian 2 $430,000 $215,000 $5,534 6.62%
    Native Hawaiian or Islander 1 $65,000 $65,000 $95 6.99%

    Approval Rates

    Total approvals of all applications
    76.24%

    City-county Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.55%

    City-county Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 275 $39,345,000 $143,073

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    275 $39,345,000 $143,073

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $5,290,000 $139,211 $505 6.57%
    40-60% 10 $1,720,000 $172,000 $2,484 6.43%
    60-80% 33 $10,945,000 $331,667 $5,430 6.70%
    80-100% 41 $12,495,000 $304,756 $5,416 6.49%
    Under 20% 153 $8,895,000 $58,137 $410 6.59%