Northstar Bank Mortgage Rates, Fees & Info
Bad Axe, MILEI: 5493008S6MTNE6CY5G37
Tax ID: 38-3576013
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Mortgage Data
Review & Overview
Northstar Bank is a smaller bank specializing in Home Purchase loans. Northstar Bank has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Ann Arbor, Monroe, Bay City, and Midland among others. We have data for 9 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 a below average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$19,610,000Top 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) | 32 | $6,880,000 | $215,000 | $0 | 0.00% |
| Outside of Metro Areas | 49 | $5,975,000 | $121,939 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 10 | $5,410,000 | $541,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Alma, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Ludington, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $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: 15
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $19,610,000 | $200,102 | $0 | 0.00% |
For 2023, Northstar Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2023, Northstar Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $19,610,000 | $200,102 | $0 | 0.00% |
For 2023, Northstar Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Northstar Bank place emphasis on $100,000 or less loans with 35 originations, totaling $2,195,000 in origination value.
Applicant Income
Northstar Bank lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k or less, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $19,610,000 | $200,102 | $0 | 0.00% |
Northstar Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.39%
Northstar Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.73%
Northstar Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $19,610,000 | $200,102 |