Northstar Bank Mortgage Rates, Fees & Info
Bad Axe, MILEI: 5493008S6MTNE6CY5G37
Tax ID: 38-3576013
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Northstar Bank is a smaller bank specializing in Home Purchase and Refi loans. Northstar Bank has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Ann Arbor, Cadillac, Alpena, and Lansing among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Northstar Bank 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.
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
108Origination Dollar Volume (All Markets)
$45,420,000Top 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 48 | $26,210,000 | $546,042 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 20 | $13,430,000 | $671,500 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $5,155,000 | $139,324 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| Alpena, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Northstar Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 90
Similarity Rank: 100
Similarity Rank: 120
Similarity Rank: 405
Similarity Rank: 432
Similarity Rank: 506
Similarity Rank: 640
Similarity Rank: 668
Similarity Rank: 756
Similarity Rank: 768
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $45,420,000 | $420,556 | $0 | 0.00% |
For 2024, Northstar Bank's most frequently originated type of loan was Conventional, with 108 originations.
Loan Reason
For 2024, Northstar Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 108 | $45,420,000 | $420,556 | $0 | 0.00% |
For 2024, Northstar Bank's most frequently cited loan duration was Other, with 108 originations.
Loan Sizing
2024 saw Northstar Bank place emphasis on $100k-200k loans with 31 originations, totaling $4,485,000 in origination value.
Applicant Income
Northstar Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 108 | $45,420,000 | $420,556 | $0 | 0.00% |
Northstar Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.25%
Northstar Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.74%
Northstar Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 108 | $45,420,000 | $420,556 |