Numark Credit Union Mortgage Rates, Fees & Info

Joliet, IL

LEI: 549300E3X7YDJIUENL65

Tax ID: 36-6006909

5 stars - Updated: 11/3/24 - out of 5 stars, based on 14 reviews

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

Jump to:

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.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.85% 11/3/24
30 Year Conventional Refi 6.84% 11/3/24
30 Year FHA Purchase 6.27% 11/3/24
30 Year FHA Refi 6.27% 11/3/24
15 Year Conventional Purchase 8.68% 11/3/24
15 Year Conventional Refi 6.27% 11/3/24
15 Year Cash-out Refi 6.27% 11/3/24
15 Year FHA Refi 5.68% 11/3/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Numark Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

200

Origination Dollar Volume (All Markets)

$42,360,000

Awards

NUMARK CREDIT UNION 30 Year Conventional Loans silver
Show all (1) awards

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%
Numark Credit Union's top markets include Chicago, Knoxville, Ottawa, Miami, and Denver among others.

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

    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Liberty Bank for Savings
    Similarity Rank: 279
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 417
    DuPage Credit Union
    Similarity Rank: 423
    CROWN MORTGAGE COMPANY
    Similarity Rank: 523
    First Financial Credit Union
    Similarity Rank: 934
    EDUCATORS CREDIT UNION
    Similarity Rank: 1000
    PARLAY MORTGAGE & PROPERTY, INC.
    Similarity Rank: 1216
    Providence Bank & Trust
    Similarity Rank: 1243
    CNB Bank And Trust, N.A.
    Similarity Rank: 1273

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 176 $37,870,000 $215,170 $4,378 6.78%
    15 Year 14 $1,950,000 $139,286 $3,051 6.28%
    20 Year 4 $720,000 $180,000 $2,105 6.50%
    10 Year 2 $170,000 $85,000 $2,245 8.56%
    5 Year 2 $1,430,000 $715,000 $2,718 6.75%
    3 Year 1 $45,000 $45,000 $4,961 9.00%
    Other 1 $175,000 $175,000 $1,641 7.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 174 $34,750,000 $199,713
    $<1k 14 $3,930,000 $280,714
    $5k+ 4 $1,390,000 $347,500
    $2k-3k 3 $445,000 $148,333
    $4k-5k 2 $370,000 $185,000
    $3k-4k 1 $135,000 $135,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 89 $13,745,000 $154,438 $4,091 6.68%
    $200k-400k 64 $17,060,000 $266,563 $4,761 6.93%
    $100,000 or less 31 $2,255,000 $72,742 $3,050 6.72%
    $400k-600k 11 $5,175,000 $470,455 $5,324 6.83%
    $600k-1MM 4 $2,850,000 $712,500 $3,470 6.69%
    $1MM+ 1 $1,275,000 $1,275,000 $0 6.25%

    2023 saw Numark Credit Union place emphasis on $100k-200k loans with 89 originations, totaling $13,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 57 $9,415,000 $165,175 $4,125 6.76%
    $100k-150k 42 $9,890,000 $235,476 $4,935 6.86%
    $75k-100k 40 $7,410,000 $185,250 $4,264 6.82%
    $50k or less 27 $3,055,000 $113,148 $3,559 6.58%
    $150k-250k 21 $6,035,000 $287,381 $3,794 6.82%
    $250k+ 12 $5,280,000 $440,000 $4,014 6.78%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 38 $8,620,000 $226,842 $4,345 6.64%
    20-30% 26 $3,730,000 $143,462 $3,901 6.65%
    49% 17 $4,045,000 $237,941 $4,537 6.82%
    41% 13 $2,235,000 $171,923 $4,403 6.66%
    44% 12 $2,100,000 $175,000 $2,653 6.80%
    38% 11 $1,525,000 $138,636 $3,360 6.74%
    48% 11 $2,415,000 $219,545 $5,211 6.90%
    40% 9 $2,215,000 $246,111 $3,863 6.67%
    39% 9 $2,315,000 $257,222 $4,384 7.35%
    36% 9 $1,555,000 $172,778 $4,127 6.65%
    <20% 8 $1,850,000 $231,250 $3,543 6.48%
    42% 8 $1,650,000 $206,250 $4,476 6.55%
    37% 7 $1,705,000 $243,571 $4,019 7.16%
    47% 7 $1,755,000 $250,714 $4,820 7.05%
    45% 5 $1,045,000 $209,000 $4,792 6.75%
    43% 4 $1,060,000 $265,000 $5,463 7.16%
    46% 4 $780,000 $195,000 $5,109 7.47%
    50-60% 1 $485,000 $485,000 $4,758 7.00%
    Exempt% 1 $1,275,000 $1,275,000 $0 6.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 174 $35,060,000 $201,494 $4,179 6.74%
    Black 16 $3,950,000 $246,875 $4,430 6.76%
    Asian 7 $1,825,000 $260,714 $4,418 7.21%
    Not applicable 1 $1,275,000 $1,275,000 $0 6.25%
    Asian Indian 1 $215,000 $215,000 $5,053 6.50%
    Not provided 1 $35,000 $35,000 $2,303 10.00%

    Approval Rates

    Total approvals of all applications
    94.75%

    Numark Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.50%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    200 $42,360,000 $211,800

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,015,000 $118,529 $2,811 6.51%
    40-60% 24 $4,540,000 $189,167 $3,149 6.68%
    60-80% 68 $14,040,000 $206,471 $4,035 6.90%
    80-100% 89 $21,285,000 $239,157 $4,888 6.76%
    Under 20% 2 $480,000 $240,000 $3,178 6.31%