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

Notre Dame, IN

LEI: 254900DNPJINSUKFZ002

Tax ID: 35-0868189

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

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  • 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

    Notre Dame Federal Credit Union Corporation is a smaller credit union specializing in Home Purchase and Refi 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, Niles, Indianapolis, and Chicago among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Notre Dame Federal Credit Union Corporation has an above 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 3.20% 11/21/24
    30 Year Conventional Purchase 6.96% 11/21/24
    30 Year Conventional Refi 6.74% 11/21/24
    30 Year Cash-out Refi 6.82% 11/21/24
    30 Year FHA Purchase 7.50% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 6.72% 11/21/24
    15 Year Conventional Purchase 6.46% 11/21/24
    15 Year Conventional Refi 6.06% 11/21/24
    15 Year Cash-out Refi 6.06% 11/21/24
    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.

    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

    712

    Origination Dollar Volume (All Markets)

    $122,040,000

    Awards

    Notre Dame Federal Credit Union Corporation FHA Loans silver Notre Dame Federal Credit Union Corporation 30 Year Conventional Loans silver Notre Dame Federal Credit Union Corporation 30 Year Conventional Loans silver
    Show all (3) 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
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 495 $78,965,000 $159,525 $2,672 4.49%
    Outside of Metro Areas 74 $16,410,000 $221,757 $3,343 4.38%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 64 $10,440,000 $163,125 $2,856 6.01%
    NILES, MI (FHA|USDA|VA) 27 $4,535,000 $167,963 $3,292 4.56%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 13 $3,175,000 $244,231 $2,834 4.33%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,605,000 $321,000 $5,838 4.43%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $1,090,000 $545,000 $3,593 3.75%
    Plymouth, IN (FHA|USDA|VA) 4 $670,000 $167,500 $2,072 4.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $650,000 $325,000 $4,886 5.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $630,000 $315,000 $4,653 3.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $630,000 $315,000 $6,609 4.56%
    Warsaw, IN (FHA|USDA|VA) 4 $610,000 $152,500 $2,835 4.53%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 5 $485,000 $97,000 $3,016 4.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,618 3.88%
    Vincennes, IN (FHA|USDA|VA) 1 $275,000 $275,000 $2,359 4.75%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $260,000 $130,000 $3,233 4.69%
    Sturgis, MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,452 4.75%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,119 4.13%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,578 4.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,971 5.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,017 4.25%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,517 4.38%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $3,690 4.75%
    Defiance, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,559 4.25%
    ROANOKE, VA (FHA|USDA|VA) 1 $95,000 $95,000 $2,486 4.75%
    Notre Dame Federal Credit Union Corporation's top markets include South Bend, Elkhart, Niles, Indianapolis, and Chicago among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Georgia (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.

    UNITED
    Similarity Rank: 28
    Fire Police City County Federal Credit Union
    Similarity Rank: 48
    The Garrett State Bank
    Similarity Rank: 48
    Liberty Bank for Savings
    Similarity Rank: 104
    Greenfield Banking Company
    Similarity Rank: 255
    Hendricks County Bank and Trust Company
    Similarity Rank: 393
    PACIFIC GLOBAL BANK
    Similarity Rank: 408
    INTERRA CREDIT UNION
    Similarity Rank: 416
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 450
    The Equitable Bank, S.S.B.
    Similarity Rank: 533

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 684 $117,730,000 $172,120 $2,763 4.60%
    FHA 28 $4,310,000 $153,929 $4,763 4.97%

    For 2018, Notre Dame Federal Credit Union Corporation's most frequently originated type of loan was Conventional, with 684 originations. Their 2nd most popular type was FHA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 525 $91,705,000 $174,676 $2,862 4.74%
    Refi 177 $28,935,000 $163,475 $2,780 4.27%
    Home Improvement 5 $755,000 $151,000 $3,193 4.40%
    Cash Out Refi 5 $645,000 $129,000 $2,650 3.85%

    For 2018, Notre Dame Federal Credit Union Corporation's most frequently cited loan purpose was Home Purchase, with 525 originations. The 2nd most popular reason was Refi, with 177 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 512 $93,390,000 $182,402 $2,996 4.77%
    15 Year 158 $22,420,000 $141,899 $2,370 4.16%
    20 Year 27 $4,185,000 $155,000 $2,604 4.32%
    30+ year 6 $1,450,000 $241,667 $4,280 4.46%
    10 Year 5 $265,000 $53,000 $2,420 4.18%
    3 Year 2 $50,000 $25,000 $1,309 6.75%
    5 Year 1 $95,000 $95,000 $2,138 4.13%
    Other 1 $185,000 $185,000 $3,837 4.13%

    For 2018, Notre Dame Federal Credit Union Corporation's most frequently cited loan duration was 30 Year, with 512 originations. The 2nd most popular length was 15 Year, with 158 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 331 $53,775,000 $162,462
    $1k-2k 262 $39,660,000 $151,374
    $2k-3k 73 $16,105,000 $220,616
    $3k-4k 28 $6,130,000 $218,929
    $5k+ 10 $4,320,000 $432,000
    $4k-5k 6 $1,880,000 $313,333

    Notre Dame Federal Credit Union Corporation's average total fees were $2,996, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 331 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 567 $96,975,000 $171,032
    3-4% 94 $17,900,000 $190,426
    5-6% 44 $6,450,000 $146,591
    <2.5% 4 $490,000 $122,500
    6-7% 2 $50,000 $25,000
    Over 8% 1 $175,000 $175,000

    During 2018, Notre Dame Federal Credit Union Corporation's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 567 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 336 $48,850,000 $145,387 $2,713 4.78%
    $100,000 or less 189 $13,145,000 $69,550 $2,296 4.50%
    $200k-400k 152 $40,890,000 $269,013 $3,364 4.44%
    $400k-600k 27 $12,715,000 $470,926 $4,448 4.43%
    $600k-1MM 7 $5,235,000 $747,857 $5,196 4.21%
    $1MM+ 1 $1,205,000 $1,205,000 $9,365 4.38%

    2018 saw Notre Dame Federal Credit Union Corporation place emphasis on $100k-200k loans with 336 originations, totaling $48,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 214 $21,000,000 $98,131 $2,446 5.05%
    $50k-75k 168 $24,320,000 $144,762 $2,714 4.52%
    $75k-100k 117 $21,225,000 $181,410 $3,037 4.49%
    $100k-150k 114 $22,860,000 $200,526 $2,964 4.41%
    $150k-250k 60 $16,750,000 $279,167 $3,467 4.29%
    $250k+ 38 $15,770,000 $415,000 $3,688 4.13%

    Notre Dame Federal Credit Union Corporation lent most frequently to those with incomes in the $50k or less range, with 214 originations. The second most popular income band? $50k-75k, with 168 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 210 $35,500,000 $169,048 $2,858 4.47%
    30-36% 139 $24,695,000 $177,662 $2,773 4.44%
    <20% 81 $13,965,000 $172,407 $2,490 4.34%
    38% 33 $5,665,000 $171,667 $2,847 4.46%
    39% 33 $5,535,000 $167,727 $2,570 4.47%
    37% 31 $5,385,000 $173,710 $2,677 4.43%
    41% 29 $5,645,000 $194,655 $3,300 4.59%
    36% 24 $3,700,000 $154,167 $2,959 4.59%
    43% 24 $4,600,000 $191,667 $3,186 4.69%
    42% 23 $4,045,000 $175,870 $3,060 8.43%
    45% 17 $2,205,000 $129,706 $3,128 4.68%
    44% 15 $2,275,000 $151,667 $2,256 4.63%
    40% 14 $2,060,000 $147,143 $3,421 4.65%
    48% 13 $2,595,000 $199,615 $3,829 4.72%
    46% 12 $1,930,000 $160,833 $3,335 4.67%
    47% 9 $1,455,000 $161,667 $2,446 4.58%
    49% 2 $170,000 $85,000 $2,820 4.50%
    50-60% 2 $360,000 $180,000 $3,318 4.94%
    >60% 1 $255,000 $255,000 $2,431 5.63%

    Notre Dame Federal Credit Union Corporation lent most frequently to those with DTI ratios of 20-30%, with 210 originations. The next most common DTI ratio? 30-36%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 604 $102,350,000 $169,454 $2,831 4.64%
    Not provided 76 $14,270,000 $187,763 $2,964 4.50%
    Black 17 $3,005,000 $176,765 $2,757 4.57%
    Asian 9 $1,515,000 $168,333 $2,800 4.25%
    American Indian 3 $565,000 $188,333 $2,632 4.58%
    Chinese 1 $175,000 $175,000 $2,027 3.88%
    Not applicable 1 $125,000 $125,000 $4,652 5.13%
    Native Hawaiian or Islander 1 $35,000 $35,000 $1,987 4.50%

    Approval Rates

    Total approvals of all applications
    95.75%

    Notre Dame Federal Credit Union Corporation 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
    85.96%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 712 $122,040,000 $171,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $560,000 $140,000
    Single Family (1-4 Units):Site-Built 708 $121,480,000 $171,582

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $2,040,000 $78,462 $2,138 4.42%
    40-60% 51 $7,235,000 $141,863 $2,407 4.36%
    60-80% 224 $35,640,000 $159,107 $2,804 4.39%
    80-100% 409 $76,995,000 $188,252 $2,965 4.79%
    Under 20% 2 $130,000 $65,000 $2,089 3.63%