Northstar Credit Union Mortgage Rates, Fees & Info

Warrenville, IL

LEI: 254900IXEISQI8732W73

Tax ID: 23-7113418

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Refi and Cash Out Refi loans. Northstar Credit Union has a high proportion of conventional loans.

    Northstar 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. 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.

    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.


    Originations

    243

    Origination Dollar Volume (All Markets)

    $53,335,000

    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 243 $53,335,000 $219,486 $0 2.78%
    Northstar Credit Union's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 243 $53,335,000 $219,486 $0 2.78%

    For 2020, Northstar Credit Union's most frequently originated type of loan was Conventional, with 243 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 150 $30,710,000 $204,733 $0 2.63%
    Cash Out Refi 54 $13,550,000 $250,926 $0 3.02%
    Home Purchase 34 $8,320,000 $244,706 $0 2.97%
    Other 5 $755,000 $151,000 $0 3.63%

    For 2020, Northstar Credit Union's most frequently cited loan purpose was Refi, with 150 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 106 $25,130,000 $237,075 $0 2.97%
    15 Year 90 $18,360,000 $204,000 $0 2.58%
    20 Year 29 $6,975,000 $240,517 $0 3.02%
    10 Year 18 $2,870,000 $159,444 $0 2.34%

    For 2020, Northstar Credit Union's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 15 Year, with 90 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 111 $24,725,000 $222,748
    <2.5% 78 $15,360,000 $196,923
    3-4% 46 $10,950,000 $238,043
    4-5% 4 $1,170,000 $292,500

    During 2020, Northstar Credit Union's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 112 $17,150,000 $153,125 $0 2.76%
    $200k-400k 102 $28,080,000 $275,294 $0 2.81%
    $400k-600k 15 $6,855,000 $457,000 $0 2.95%
    $100,000 or less 14 $1,250,000 $89,286 $0 2.54%

    2020 saw Northstar Credit Union place emphasis on $100k-200k loans with 112 originations, totaling $17,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 63 $17,245,000 $273,730 $0 2.77%
    $100k-150k 59 $13,095,000 $221,949 $0 2.81%
    $75k-100k 52 $11,010,000 $211,731 $0 2.75%
    $50k-75k 41 $6,655,000 $162,317 $0 2.87%
    $50k or less 16 $1,930,000 $120,625 $0 2.70%
    $250k+ 12 $3,400,000 $283,333 $0 2.58%

    Northstar Credit Union lent most frequently to those with incomes in the $150k-250k range, with 63 originations. The second most popular income band? $100k-150k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 72 $15,200,000 $211,111 $0 2.68%
    30-36% 44 $9,250,000 $210,227 $0 2.71%
    <20% 30 $6,210,000 $207,000 $0 2.70%
    41% 12 $2,360,000 $196,667 $0 2.78%
    44% 10 $2,990,000 $299,000 $0 3.08%
    38% 10 $2,280,000 $228,000 $0 2.76%
    36% 9 $1,805,000 $200,556 $0 2.60%
    42% 7 $1,595,000 $227,857 $0 2.82%
    40% 6 $1,840,000 $306,667 $0 2.81%
    45% 6 $1,450,000 $241,667 $0 2.88%
    37% 5 $925,000 $185,000 $0 3.30%
    >60% 5 $1,555,000 $311,000 $0 3.68%
    43% 5 $845,000 $169,000 $0 2.93%
    46% 4 $870,000 $217,500 $0 3.09%
    48% 4 $1,010,000 $252,500 $0 3.38%
    47% 3 $765,000 $255,000 $0 2.63%
    49% 3 $695,000 $231,667 $0 2.63%
    39% 3 $385,000 $128,333 $0 2.71%
    50-60% 1 $175,000 $175,000 $0 3.25%

    Northstar Credit Union lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $33,910,000 $223,092 $0 2.83%
    Not provided 54 $10,600,000 $196,296 $0 2.65%
    Asian 21 $5,325,000 $253,571 $0 2.68%
    Asian Indian 8 $1,710,000 $213,750 $0 2.64%
    Black 7 $1,365,000 $195,000 $0 3.13%
    Filipino 1 $425,000 $425,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.89%

    Northstar Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.60%

    Northstar Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 243 $53,335,000 $219,486

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 243 $53,335,000 $219,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,025,000 $146,429 $0 2.43%
    40-60% 57 $9,735,000 $170,789 $0 2.57%
    60-80% 132 $31,020,000 $235,000 $0 2.86%
    80-100% 40 $10,080,000 $252,000 $0 2.90%
    Under 20% 1 $115,000 $115,000 $0 2.50%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 1 50.0%