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, Ottawa, Dixon, Charlotte, and Miami among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Numark Credit Union has an 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 7/13/25 |
| 30 Year Conventional Purchase | 7.00% | 7/13/25 |
| 30 Year Conventional Refi | 6.73% | 7/13/25 |
| 30 Year Cash-out Refi | 6.73% | 7/13/25 |
| 15 Year Conventional Purchase | 6.68% | 7/13/25 |
| 15 Year Conventional Refi | 6.28% | 7/13/25 |
| 15 Year Cash-out Refi | 6.28% | 7/13/25 |
| 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
563Origination Dollar Volume (All Markets)
$86,225,000Awards
NUMARK CREDIT UNION - 2024
NUMARK CREDIT UNION is a 2024 , due to their low .
For 2024, 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
7.79%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.24%.
Relative Fees (Closing Costs)
Numark Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,036.
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 $8,356.
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) | 510 | $76,260,000 | $149,529 | $4,127 | 8.06% |
| Outside of Metro Areas | 9 | $1,625,000 | $180,556 | $2,985 | 7.69% |
| Ottawa, IL (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $3,779 | 7.37% |
| Dixon, IL (FHA|USDA|VA) | 8 | $720,000 | $90,000 | $3,343 | 9.52% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $2,886 | 6.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $16,398 | 6.50% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $2,547 | 6.50% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,074 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,875 | 7.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,525 | 6.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,544 | 6.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,180 | 6.88% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $1,993 | 7.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,550 | 6.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,505 | 6.13% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,994 | 6.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,609 | 6.38% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,108 | 6.75% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,308 | 6.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,439 | 6.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,443 | 6.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.13% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,266 | 6.13% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,623 | 6.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,388 | 5.88% |
| Macomb, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,565 | 6.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 10.75% |
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 |
|---|---|---|---|---|---|
| HELOC | 322 | $25,890,000 | $80,404 | n/a | 9.04% |
| Conventional | 241 | $60,335,000 | $250,353 | $4,030 | 6.69% |
For 2024, Numark Credit Union's most frequently originated type of loan was HELOC, with 322 originations. Their 2nd most popular type was Conventional, with 241 originations.
Loan Reason
For 2024, Numark Credit Union's most frequently cited loan purpose was Other, with 184 originations. The 2nd most popular reason was Home Purchase, with 180 originations.
Loan Duration/Length
For 2024, Numark Credit Union's most frequently cited loan duration was 30 Year, with 475 originations. The 2nd most popular length was 15 Year, with 70 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 215 | $51,545,000 | $239,744 |
| $<1k | 8 | $2,060,000 | $257,500 |
| $5k+ | 2 | $890,000 | $445,000 |
Numark Credit Union's average total fees were $4,036, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 215 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 260 | $20,340,000 | $78,231 |
| 6-7% | 175 | $46,015,000 | $262,943 |
| 7-8% | 74 | $12,060,000 | $162,973 |
| 5-6% | 31 | $5,835,000 | $188,226 |
| <2.5% | 1 | $85,000 | $85,000 |
During 2024, Numark Credit Union's average interest rate for loans was 7.79%, while their most frequently originated rate bucket for loans was Over 8%, with 260 originations.
Loan Sizing
2024 saw Numark Credit Union place emphasis on $100,000 or less loans with 269 originations, totaling $15,655,000 in origination value.
Applicant Income
Numark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 168 originations. The second most popular income band? $75k-100k, with 112 originations.
Applicant Debt to Income Ratio
Numark Credit Union lent most frequently to those with DTI ratios of 30-36%, with 84 originations. The next most common DTI ratio? 20-30%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.45%
Numark Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination79.04%
Numark Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 563 | $86,225,000 | $153,153 |