Notre Dame Federal Credit Union Corporation Mortgage Rates, Fees & Info

Notre Dame, IN

LEI: 254900DNPJINSUKFZ002

Tax ID: 35-0868189

5 stars - Updated: 7/20/24 - out of 5 stars, based on 38 reviews

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

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Mortgage Data

Review & Overview

Notre Dame Federal Credit Union Corporation is a smaller credit union specializing in Home Purchase loans. Notre Dame Federal Credit Union Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: South Bend, Elkhart, Phoenix, Chicago, and Niles among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)

Notre Dame Federal Credit Union Corporation 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. Notre Dame Federal Credit Union Corporation 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 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
Home Equity Line of Credit (HELOC) 3.20% 7/20/24
30 Year Conventional Purchase 6.96% 7/20/24
30 Year Conventional Refi 6.74% 7/20/24
30 Year Cash-out Refi 6.82% 7/20/24
30 Year FHA Purchase 7.50% 7/20/24
30 Year FHA Refi 6.27% 7/20/24
30 Year VA Purchase 6.72% 7/20/24
15 Year Conventional Purchase 6.46% 7/20/24
15 Year Conventional Refi 6.06% 7/20/24
15 Year Cash-out Refi 6.06% 7/20/24
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.

Notre Dame Federal Credit Union Corporation Mortgage Calculator






Your Estimates

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

This is not an official calculator from Notre Dame Federal Credit Union Corporation. 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

1,453

Origination Dollar Volume (All Markets)

$201,855,000

Awards

Notre Dame Federal Credit Union Corporation 30 Year Conventional Loans silver Notre Dame Federal Credit Union Corporation FHA Loans gold Notre Dame Federal Credit Union Corporation FHA Loans gold
Show all (3) awards

Relative Rate

Notre Dame Federal Credit Union Corporation's average 30 year fixed mortgage rate was 5.8%.

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

This yields a difference of -0.68%.

Relative Fees (Closing Costs)

Notre Dame Federal Credit Union Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $4,160.

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
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 927 $117,575,000 $126,834 $3,523 5.75%
ELKHART-GOSHEN, IN (FHA|USDA|VA) 146 $19,270,000 $131,986 $3,752 6.46%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 51 $11,525,000 $225,980 $6,975 6.38%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 58 $9,740,000 $167,931 $6,599 5.54%
NILES, MI (FHA|USDA|VA) 34 $5,110,000 $150,294 $3,616 6.18%
TUCSON, AZ (FHA|USDA|VA) 38 $4,520,000 $118,947 $5,421 5.95%
Plymouth, IN (FHA|USDA|VA) 21 $3,315,000 $157,857 $4,313 6.64%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 20 $3,060,000 $153,000 $4,884 6.36%
FORT WAYNE, IN (FHA|USDA|VA) 15 $2,175,000 $145,000 $4,328 7.38%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,600,000 $400,000 $6,497 7.88%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 14 $1,380,000 $98,571 $2,861 6.21%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,145,000 $381,667 $14,780 7.75%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,652 5.68%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,030,000 $257,500 $7,822 3.56%
Warsaw, IN (FHA|USDA|VA) 6 $790,000 $131,667 $4,139 5.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $715,000 $715,000 $0 1.00%
Payson, AZ (FHA|USDA|VA) 1 $705,000 $705,000 $0 8.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $695,000 $231,667 $8,565 5.42%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $665,000 $665,000 $8,478 6.13%
TULSA, OK (FHA|USDA|VA) 1 $665,000 $665,000 $9,163 7.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $635,000 $635,000 $21,544 6.25%
Los Alamos, NM (FHA|USDA|VA) 2 $620,000 $310,000 $5,783 6.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $585,000 $585,000 $5,803 6.75%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $13,494 4.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $500,000 $250,000 $3,389 6.31%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $480,000 $240,000 $4,026 6.88%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $475,000 $475,000 $5,502 6.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $470,000 $235,000 $5,631 7.88%
Outside of Metro Areas 6 $460,000 $76,667 $3,748 5.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $415,000 $138,333 $0 6.33%
LOUISVILLE, KY (FHA|USDA|VA) 1 $315,000 $315,000 $2,712 7.00%
Sturgis, MI (FHA|USDA|VA) 2 $310,000 $155,000 $3,276 7.38%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.13%
Jasper, IN (FHA|USDA|VA) 1 $305,000 $305,000 $4,537 7.25%
RICHMOND, VA (FHA|USDA|VA) 1 $305,000 $305,000 $4,573 7.63%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $265,000 $265,000 $2,625 7.00%
COLUMBUS, IN (FHA|USDA|VA) 1 $265,000 $265,000 $4,864 6.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $260,000 $130,000 $26 9.00%
Douglas, GA (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.50%
Huntington, IN (FHA|USDA|VA) 1 $255,000 $255,000 $5,145 7.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $250,000 $125,000 $0 6.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.00%
Washington, IN (FHA|USDA|VA) 1 $235,000 $235,000 $3,271 6.50%
Safford, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.75%
Kendallville, IN (FHA|USDA|VA) 2 $230,000 $115,000 $4,247 7.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $7,709 7.00%
Boone, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,131 6.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $215,000 $215,000 $7,334 7.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 1.00%
Statesboro, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,243 7.25%
LINCOLN, NE (FHA|USDA|VA) 1 $205,000 $205,000 $4,450 6.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.96%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $185,000 $185,000 $5,616 6.63%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $180,000 $90,000 $3,053 7.06%
Holland, MI (FHA|USDA|VA) 2 $180,000 $90,000 $3,609 6.88%
AKRON, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.00%
SAVANNAH, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,408 6.13%
Wabash, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 6.75%
Durango, CO (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.25%
OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,401 7.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $150,000 $75,000 $0 8.50%
Nogales, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 8.00%
Waycross, GA (FHA|USDA|VA) 2 $130,000 $65,000 $0 8.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $130,000 $65,000 $0 8.00%
Show Low, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $0 1.00%
ROCKFORD, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.25%
Kalispell, MT (FHA|USDA|VA) 1 $125,000 $125,000 $0 1.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $110,000 $55,000 $0 9.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 1.00%
MUSKEGON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,665 5.38%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.25%
Peru, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,067 7.63%
Auburn, IN (FHA|USDA|VA) 1 $85,000 $85,000 $2,272 7.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.00%
KANKAKEE, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,580 7.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $85,000 $85,000 $0 1.00%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
Logansport, IN (FHA|USDA|VA) 1 $75,000 $75,000 $3,364 6.50%
KNOXVILLE, TN (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $75,000 $75,000 $5,692 7.13%
Deming, NM (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.00%
JACKSON, TN (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $2,842 7.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.00%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
LUBBOCK, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 1.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.00%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.00%
COLUMBIA, MO (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.25%
Notre Dame Federal Credit Union Corporation's top markets include South Bend, Elkhart, Phoenix, Chicago, and Niles among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Notre Dame Federal Credit Union Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 918 $85,170,000 $92,778 n/a 5.30%
    Conventional 498 $109,240,000 $219,357 $3,756 6.97%
    FHA 37 $7,445,000 $201,216 $6,058 6.91%

    For 2023, Notre Dame Federal Credit Union Corporation's most frequently originated type of loan was HELOC, with 918 originations. Their 2nd most popular type was Conventional, with 498 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 459 $107,505,000 $234,216 $4,182 6.74%
    Home Improvement 370 $33,400,000 $90,270 $4,340 5.28%
    Cash Out Refi 316 $26,580,000 $84,114 $2,251 5.83%
    Refi 195 $22,265,000 $114,179 $3,516 5.70%
    Other 113 $12,105,000 $107,124 $0 5.30%

    For 2023, Notre Dame Federal Credit Union Corporation's most frequently cited loan purpose was Home Purchase, with 459 originations. The 2nd most popular reason was Home Improvement, with 370 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,334 $180,680,000 $135,442 $4,160 5.80%
    15 Year 46 $6,100,000 $132,609 $3,461 6.56%
    20 Year 34 $5,280,000 $155,294 $1,314 8.83%
    Other 17 $4,125,000 $242,647 $6,606 7.08%
    30+ year 8 $4,550,000 $568,750 $8,231 7.05%
    10 Year 7 $555,000 $79,286 $2,381 6.71%
    3 Year 7 $565,000 $80,714 $0 5.00%

    For 2023, Notre Dame Federal Credit Union Corporation's most frequently cited loan duration was 30 Year, with 1,334 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 173 $26,795,000 $154,884
    $1k-2k 140 $26,930,000 $192,357
    $2k-3k 80 $18,070,000 $225,875
    $3k-4k 49 $12,625,000 $257,653
    $4k-5k 39 $14,405,000 $369,359
    $5k+ 32 $13,230,000 $413,438

    Notre Dame Federal Credit Union Corporation's average total fees were $4,160, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 173 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 430 $38,000,000 $88,372
    <2.5% 361 $31,235,000 $86,524
    6-7% 334 $67,840,000 $203,114
    7-8% 250 $51,620,000 $206,480
    5-6% 53 $11,185,000 $211,038
    3-4% 18 $1,410,000 $78,333
    4-5% 7 $565,000 $80,714

    During 2023, Notre Dame Federal Credit Union Corporation's average interest rate for loans was 5.80%, while their most frequently originated rate bucket for loans was Over 8%, with 430 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 763 $41,035,000 $53,781 $1,999 5.53%
    $100k-200k 372 $52,470,000 $141,048 $3,206 6.23%
    $200k-400k 236 $62,510,000 $264,873 $4,800 6.46%
    $400k-600k 56 $26,660,000 $476,071 $6,181 6.49%
    $600k-1MM 24 $17,110,000 $712,917 $8,284 6.46%
    $1MM+ 2 $2,070,000 $1,035,000 $9,589 7.50%

    2023 saw Notre Dame Federal Credit Union Corporation place emphasis on $100,000 or less loans with 763 originations, totaling $41,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 331 $32,395,000 $97,870 $3,126 5.96%
    $50k or less 287 $24,795,000 $86,394 $2,775 6.19%
    $100k-150k 283 $44,235,000 $156,307 $4,513 6.01%
    $75k-100k 269 $31,895,000 $118,569 $4,115 5.75%
    $150k-250k 188 $41,200,000 $219,149 $5,414 5.39%
    $250k+ 81 $23,765,000 $293,395 $5,895 6.03%

    Notre Dame Federal Credit Union Corporation lent most frequently to those with incomes in the $50k-75k range, with 331 originations. The second most popular income band? $50k or less, with 287 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 538 $57,420,000 $106,729 $3,571 5.32%
    20-30% 226 $32,230,000 $142,611 $3,654 6.31%
    30-36% 139 $23,645,000 $170,108 $3,962 6.39%
    >60% 110 $9,320,000 $84,727 $0 5.81%
    50-60% 64 $6,930,000 $108,281 $5,598 5.35%
    43% 37 $6,405,000 $173,108 $3,637 6.61%
    42% 36 $8,210,000 $228,056 $4,003 6.98%
    41% 35 $6,085,000 $173,857 $4,159 5.80%
    38% 34 $6,300,000 $185,294 $3,776 6.09%
    37% 33 $6,385,000 $193,485 $3,986 6.92%
    40% 31 $6,255,000 $201,774 $3,827 7.07%
    36% 27 $4,645,000 $172,037 $3,980 6.63%
    47% 27 $4,285,000 $158,704 $3,261 5.46%
    39% 26 $5,250,000 $201,923 $4,292 6.23%
    44% 22 $3,550,000 $161,364 $3,450 6.09%
    45% 15 $2,875,000 $191,667 $3,944 6.23%
    48% 14 $3,250,000 $232,143 $4,040 6.62%
    49% 13 $2,275,000 $175,000 $4,543 7.28%
    46% 12 $2,940,000 $245,000 $6,645 6.82%

    Notre Dame Federal Credit Union Corporation lent most frequently to those with DTI ratios of <20%, with 538 originations. The next most common DTI ratio? 20-30%, with 226 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,271 $177,545,000 $139,689 $3,937 5.91%
    Not provided 91 $11,885,000 $130,604 $3,479 6.37%
    Black 59 $7,555,000 $128,051 $4,818 5.63%
    Asian 19 $3,725,000 $196,053 $3,007 5.99%
    American Indian 11 $865,000 $78,636 $4,408 3.83%
    Not applicable 2 $280,000 $140,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    75.47%

    Notre Dame Federal Credit Union Corporation has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.89%

    Notre Dame Federal Credit Union Corporation has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,453 $201,855,000 $138,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,453 $201,855,000 $138,923

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 413 $36,225,000 $87,712 $1,891 5.62%
    40-60% 147 $23,065,000 $156,905 $3,188 5.64%
    60-80% 226 $51,720,000 $228,850 $4,448 6.49%
    80-100% 308 $73,190,000 $237,630 $4,084 6.66%
    Under 20% 359 $17,655,000 $49,178 $861 5.37%