What loan types does Mayo Employees Federal Credit Union offer?

Mayo Employees Federal Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does Mayo Employees Federal Credit Union offer mortgages?

Mayo Employees Federal Credit Union offers mortgages in 12 states: AL, AZ, FL, GA, IA, IL, MA, MI, MN, TX, WA, WI.

How competitive are Mayo Employees Federal Credit Union's mortgage rates?

Mayo Employees Federal Credit Union has an overall pricing score of 39.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Mayo Employees Federal Credit Union?

Mayo Employees Federal Credit Union is a Credit Union headquartered in Rochester, MN.

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Mayo Employees Federal Credit Union

Credit Union•Rochester, MNHQ•Direct•Reviews near you on Google

Mayo Employees Federal Credit Union has 129 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Acceptable

2/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Strong

4/5

Conventional · Jumbo

Place

Sound

3/5

Multi-Region · 4 mkts

Promptness

Not enough data

—/5

No quote responses measured yet

Awards

Jumbo

Superstar

Summary

Things to Think About

Pricing may be below industry average

Explore another lender or local market

Report Card

Mayo Employees Federal Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Acceptable

Rates 15.1 bps below market avg

2/5

Pull Through

Closing strength

Sound

Top 60% of lenders

3/5

By Loan Product· Specialization by type

Conventional

74 loans · 0.07% below market

Sound

Top 60% of lenders

3/5

Jumbo

55 loans · 0.22% below market

Strong

Top 40% of lenders

4/5

By Loan Purpose· Transaction purpose mix

Purchase

118 loans · 0.15% below market

Sound

Top 60% of lenders

3/5

Refinance

11 loans · 0.38% below market

Acceptable

Bottom 40% of lenders

2/5

By Location· Geographic coverage

Geographic Reach

Multi-Regional · 4 markets

Sound

Top 60% of lenders

3/5

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Sound	Sound	Sound	74	57.4%	-0.071%Below	$3,137Fees
Jumbo Loans	Strong	Strong	Sound	Strong	55	42.6%	-0.222%Below	$4,631Fees

Conventional

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Sound

Volume74

Mix57.4%

Spread

-0.071%Below

Fees

$3,137Fees

Jumbo Loans

Overall

Strong

Product

Strong

Pricing

Sound

Pull Through

Strong

Volume55

Mix42.6%

Spread

-0.222%Below

Fees

$4,631Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Sound	Sound	Strong	118	91.5%	-0.146%Below	$3,943Fees
Refinance	Mediocre	Acceptable	—	Mediocre	11	8.5%	-0.375%Below	$3,205Fees

Purchase

Overall

Sound

Product

Sound

Pricing

Sound

Pull Through

Strong

Volume118

Mix91.5%

Spread

-0.146%Below

Fees

$3,943Fees

Refinance

Overall

Mediocre

Product

Acceptable

Pricing—

Pull Through

Mediocre

Volume11

Mix8.5%

Spread

-0.375%Below

Fees

$3,205Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

129

Applications

164

Volume

$96 million

Pricing & Closing

Avg Rate Spread

-0.151%

vs. market APOR

Avg Net Fees

$3,929

Origination − Credits

Pullthrough Rate

78.7%

Applications → Closed

Typical Borrower

Avg Loan Amount

$750,271

Avg Borrower Income

$440,473

Avg Property Value

$895,388

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

12Full-year 2024 · HMDA

Loans originated

< 2020+None

Northeast1

Midwest5

IAILMIMNWI

South4

ALFLGATX

West2

AZWA

Top Metro Areas by Place Specialization Score

Rochester, MNMetro

Volume 46Mix 35.66% of portfolio

73/100

Strong

Jacksonville, FLMetro

Volume 23Mix 17.83% of portfolio

56/100

Sound

Phoenix, AZMetro

Volume 19Mix 14.73% of portfolio

51/100

Sound

Minneapolis, MN-WIMetro

Volume 13Mix 10.08% of portfolio

46/100

Sound

Top States by Place Specialization Score

MinnesotaState

Volume 65Mix 50.39% of portfolio

64/100

Strong

ArizonaState

Volume 20Mix 15.50% of portfolio

50/100

Sound

FloridaState

Volume 26Mix 20.16% of portfolio

49/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across the 5 Ps — Pricing, Product, Pull-Through, and Place — with lender promptness blending in as the fifth once a lender has responded to real shopper quote requests.

Our Point System (Max 50 Points)

10/ 50 pts

Pricing

How competitively a lender prices vs. the market benchmark (20%).

10/ 50 pts

Product

Performance on your specific loan type (20%).

10/ 50 pts

Pull Through

How reliably a lender closes the loans it starts (20%).

10/ 50 pts

Place

Depth of a lender's expertise in your local market (20%).

10/ 50 pts

Promptness

How quickly a lender answers real quote requests — blended in once they respond (20%).

Champion(80%+ = 40-50 points)

Superstar(60-79% = 30-39 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.