Northstar Credit Union Mortgage Rates, Fees & Info

Warrenville, IL

LEI: 254900IXEISQI8732W73

Tax ID: 23-7113418

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Northstar Credit Union is a smaller credit union specializing in Home Purchase loans. Northstar Credit Union has a high proportion of conventional loans.

    Northstar 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. Northstar 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.

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    Originations

    77

    Origination Dollar Volume (All Markets)

    $13,135,000

    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
    Outside of Metro Areas 77 $13,135,000 $170,584 $3,017 4.94%
    Northstar Credit Union's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 77 $13,135,000 $170,584 $3,017 4.94%

    For 2018, Northstar Credit Union's most frequently originated type of loan was Conventional, with 77 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $5,990,000 $199,667 $4,105 5.01%
    Home Improvement 15 $835,000 $55,667 $0 5.23%
    Other 12 $1,830,000 $152,500 $1,820 5.03%
    Refi 12 $2,430,000 $202,500 $1,945 4.38%
    Cash Out Refi 8 $2,050,000 $256,250 $1,594 4.83%

    For 2018, Northstar Credit Union's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Home Improvement, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 33 $7,485,000 $226,818 $3,460 4.90%
    15 Year 27 $4,335,000 $160,556 $1,882 5.06%
    10 Year 11 $695,000 $63,182 $4,919 4.89%
    20 Year 2 $350,000 $175,000 $3,014 4.94%
    5 Year 2 $50,000 $25,000 $0 5.50%
    Other 2 $220,000 $110,000 $0 3.74%

    For 2018, Northstar Credit Union's most frequently cited loan duration was 30 Year, with 33 originations. The 2nd most popular length was 15 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 44 $8,810,000 $200,227

    Northstar Credit Union's average total fees were $3,460, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 44 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 38 $6,930,000 $182,368
    5-6% 21 $3,815,000 $181,667
    3-4% 11 $1,925,000 $175,000
    6-7% 5 $335,000 $67,000
    7-8% 2 $130,000 $65,000

    During 2018, Northstar Credit Union's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,505,000 $145,323 $2,795 4.81%
    $100,000 or less 24 $1,470,000 $61,250 $1,432 5.28%
    $200k-400k 16 $4,350,000 $271,875 $3,676 4.84%
    $400k-600k 5 $2,205,000 $441,000 $3,825 4.65%
    $600k-1MM 1 $605,000 $605,000 $0 4.00%

    2018 saw Northstar Credit Union place emphasis on $100k-200k loans with 31 originations, totaling $4,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $2,545,000 $110,652 $2,712 4.96%
    $100k-150k 19 $3,985,000 $209,737 $3,923 5.07%
    $75k-100k 14 $2,180,000 $155,714 $2,065 4.85%
    $50k or less 10 $1,040,000 $104,000 $2,679 4.76%
    $150k-250k 9 $3,005,000 $333,889 $3,707 4.82%
    $250k+ 2 $380,000 $190,000 $4,190 5.56%

    Northstar Credit Union lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $2,270,000 $227,000 $2,015 4.50%
    30-36% 7 $1,445,000 $206,429 $3,052 4.82%
    43% 4 $660,000 $165,000 $3,457 4.56%
    45% 4 $1,190,000 $297,500 $4,332 4.94%
    <20% 3 $415,000 $138,333 $3,640 4.75%
    50-60% 3 $665,000 $221,667 $1,144 5.38%
    39% 2 $280,000 $140,000 $2,932 5.44%
    48% 2 $540,000 $270,000 $936 5.06%
    >60% 2 $340,000 $170,000 $1,868 5.38%
    41% 2 $500,000 $250,000 $3,235 5.13%
    37% 2 $500,000 $250,000 $4,323 4.81%
    44% 2 $380,000 $190,000 $3,028 5.06%
    36% 2 $300,000 $150,000 $1,796 4.50%
    46% 2 $610,000 $305,000 $6,243 5.00%
    42% 1 $225,000 $225,000 $1,988 4.38%
    47% 1 $175,000 $175,000 $4,913 5.00%
    49% 1 $165,000 $165,000 $4,638 4.75%

    Northstar Credit Union lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 63 $10,125,000 $160,714 $2,945 4.88%
    Not provided 7 $1,535,000 $219,286 $3,100 4.68%
    Asian 2 $800,000 $400,000 $4,130 5.00%
    Black 2 $310,000 $155,000 $2,448 4.88%
    Korean 1 $155,000 $155,000 $0 6.50%
    Asian Indian 1 $155,000 $155,000 $4,026 5.63%
    Guamanian 1 $55,000 $55,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    92.05%

    Northstar Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.81%

    Northstar Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 77 $13,135,000 $170,584

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 77 $13,135,000 $170,584

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $815,000 $74,091 $3,388 4.81%
    40-60% 9 $1,315,000 $146,111 $1,871 4.59%
    60-80% 22 $3,900,000 $177,273 $2,114 4.93%
    80-100% 25 $6,635,000 $265,400 $4,054 4.73%
    Under 20% 10 $470,000 $47,000 $0 5.96%