Numark Credit Union Mortgage Rates, Fees & Info
Joliet, ILLEI: 549300E3X7YDJIUENL65
Tax ID: 36-6006909
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Mortgage Data
Review & Overview
Numark Credit Union is a smaller credit union specializing in Home Purchase loans. Numark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Knoxville, Ottawa, Miami, and Denver among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Numark Credit Union 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. Numark 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 11/17/24 |
| 30 Year Conventional Refi | 6.84% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year FHA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 8.68% | 11/17/24 |
| 15 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year FHA Refi | 5.68% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Numark Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Numark Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
200Origination Dollar Volume (All Markets)
$42,360,000Awards
NUMARK CREDIT UNION - 2023
NUMARK CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Numark Credit Union's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Numark Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,378.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 162 | $33,560,000 | $207,160 | $4,485 | 6.75% |
| Outside of Metro Areas | 4 | $1,180,000 | $295,000 | $1,893 | 7.16% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $2,903 | 6.69% |
| Ottawa, IL (FHA|USDA|VA) | 5 | $955,000 | $191,000 | $3,091 | 6.55% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,309 | 6.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $1,935 | 7.13% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,931 | 6.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $5,019 | 6.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,393 | 7.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,799 | 7.38% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,025 | 7.63% |
| Dixon, IL (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $3,454 | 7.91% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,281 | 6.06% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,393 | 7.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,641 | 7.50% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,537 | 7.38% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,798 | 6.63% |
| NILES, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,848 | 6.38% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,375 | 6.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,810 | 6.25% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,372 | 6.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,587 | 6.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,369 | 7.25% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,453 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against NUMARK CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 200 | $42,360,000 | $211,800 | $4,203 | 6.77% |
For 2023, Numark Credit Union's most frequently originated type of loan was Conventional, with 200 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 150 | $34,660,000 | $231,067 | $4,837 | 6.79% |
| Refi | 50 | $7,700,000 | $154,000 | $2,339 | 6.73% |
For 2023, Numark Credit Union's most frequently cited loan purpose was Home Purchase, with 150 originations. The 2nd most popular reason was Refi, with 50 originations.
Loan Duration/Length
For 2023, Numark Credit Union's most frequently cited loan duration was 30 Year, with 176 originations. The 2nd most popular length was 15 Year, with 14 originations.
Origination Fees/Closing Costs
Numark Credit Union's average total fees were $4,378, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 174 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 116 | $26,050,000 | $224,569 |
| 7-8% | 57 | $12,385,000 | $217,281 |
| 5-6% | 21 | $2,915,000 | $138,810 |
| Over 8% | 6 | $1,010,000 | $168,333 |
During 2023, Numark Credit Union's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 116 originations.
Loan Sizing
2023 saw Numark Credit Union place emphasis on $100k-200k loans with 89 originations, totaling $13,745,000 in origination value.
Applicant Income
Numark Credit Union lent most frequently to those with incomes in the $50k-75k range, with 57 originations. The second most popular income band? $100k-150k, with 42 originations.
Applicant Debt to Income Ratio
Numark Credit Union lent most frequently to those with DTI ratios of 30-36%, with 38 originations. The next most common DTI ratio? 20-30%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.75%
Numark Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.50%
Numark Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 1 | $1,275,000 | $1,275,000 |
| NA | 199 | $41,085,000 | $206,457 |