Northstar Bank Mortgage Rates, Fees & Info

Bad Axe, MI

LEI: 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: Ann Arbor, Detroit, Kapaa, Saginaw, and Bay City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Northstar Bank has an average approval rate when compared to the average across all lenders. They have an 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.

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Originations

122

Origination Dollar Volume (All Markets)

$28,420,000

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
ANN ARBOR, MI (FHA|USDA|VA) 20 $9,890,000 $494,500 $0 0.00%
Outside of Metro Areas 60 $8,700,000 $145,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 37 $6,975,000 $188,514 $0 0.00%
Kapaa, HI (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 0.00%
SAGINAW, MI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
BAY CITY, MI (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
Marquette, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Northstar Bank's top markets include Ann Arbor, Detroit, Kapaa, Saginaw, and Bay City among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • 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.

    St James Mortgage Corporation
    Similarity Rank: 93
    Zeal Credit Union
    Similarity Rank: 108
    Total Community Credit Union
    Similarity Rank: 340
    NEW ENGLAND FEDERAL CREDIT UNION
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    Dearborn Federal Savings Bank
    Similarity Rank: 413
    Extra
    Similarity Rank: 528
    Michigan Legacy Credit Union
    Similarity Rank: 630
    SECURITY CREDIT UNION
    Similarity Rank: 696
    ADVANTAGE ONE Credit Union
    Similarity Rank: 912

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $28,420,000 $232,951 $0 0.00%

    For 2022, Northstar Bank's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $23,085,000 $285,000 $0 0.00%
    Refi 16 $1,690,000 $105,625 $0 0.00%
    Cash Out Refi 16 $1,990,000 $124,375 $0 0.00%
    Home Improvement 5 $725,000 $145,000 $0 0.00%
    Other 4 $930,000 $232,500 $0 0.00%

    For 2022, Northstar Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 122 $28,420,000 $232,951 $0 0.00%

    For 2022, Northstar Bank's most frequently cited loan duration was Other, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 51 $7,265,000 $142,451 $0 0.00%
    $100,000 or less 37 $2,485,000 $67,162 $0 0.00%
    $200k-400k 24 $6,590,000 $274,583 $0 0.00%
    $400k-600k 4 $1,800,000 $450,000 $0 0.00%
    $1MM+ 3 $8,015,000 $2,671,667 $0 0.00%
    $600k-1MM 3 $2,265,000 $755,000 $0 0.00%

    2022 saw Northstar Bank place emphasis on $100k-200k loans with 51 originations, totaling $7,265,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $4,105,000 $152,037 $0 0.00%
    $100k-150k 21 $4,125,000 $196,429 $0 0.00%
    $50k or less 20 $1,950,000 $97,500 $0 0.00%
    $75k-100k 14 $2,710,000 $193,571 $0 0.00%
    $150k-250k 4 $1,410,000 $352,500 $0 0.00%
    $250k+ 3 $725,000 $241,667 $0 0.00%

    Northstar Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 122 $28,420,000 $232,951 $0 0.00%

    Northstar Bank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $15,310,000 $170,111 $0 0.00%
    Not applicable 27 $12,425,000 $460,185 $0 0.00%
    Not provided 5 $685,000 $137,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.59%

    Northstar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.44%

    Northstar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 122 $28,420,000 $232,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $28,420,000 $232,951