Numark Credit Union Mortgage Rates, Fees & Info

Joliet, IL

LEI: 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 and Refi loans. Numark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Detroit, Minneapolis, Grand Rapids, and Philadelphia among others. We have data for 96 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 about average 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.85% 3/28/24
30 Year Conventional Refi 6.84% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
15 Year Conventional Purchase 8.68% 3/28/24
15 Year Conventional Refi 6.27% 3/28/24
15 Year Cash-out Refi 6.27% 3/28/24
15 Year FHA Refi 5.68% 3/28/24
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

554

Origination Dollar Volume (All Markets)

$73,680,000

Awards

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

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) 347 $59,565,000 $171,657 $2,559 4.25%
Outside of Metro Areas 22 $1,700,000 $77,273 $2,037 6.42%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 14 $580,000 $41,429 $0 7.58%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 9 $555,000 $61,667 $0 7.30%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 7 $505,000 $72,143 $0 6.90%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $475,000 $52,778 $0 7.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $425,000 $60,714 $2,851 6.65%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $285,000 $285,000 $3,025 5.00%
FORT WAYNE, IN (FHA|USDA|VA) 1 $285,000 $285,000 $2,183 3.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $280,000 $70,000 $0 6.94%
MONROE, MI (FHA|USDA|VA) 3 $275,000 $91,667 $1,076 6.37%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $275,000 $275,000 $3,564 4.25%
Crossville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $2,612 4.00%
Grand Rapids, MN (FHA|USDA|VA) 1 $255,000 $255,000 $2,195 3.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $255,000 $255,000 $3,055 5.25%
Hillsdale, MI (FHA|USDA|VA) 1 $255,000 $255,000 $2,510 4.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $255,000 $85,000 $0 7.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,263 3.50%
Quincy, IL-MO (FHA|USDA|VA) 1 $235,000 $235,000 $2,410 4.63%
PEORIA, IL (FHA|USDA|VA) 1 $225,000 $225,000 $1,652 3.50%
NILES, MI (FHA|USDA|VA) 5 $225,000 $45,000 $0 7.21%
Ottawa, IL (FHA|USDA|VA) 2 $220,000 $110,000 $1,886 3.44%
WICHITA, KS (FHA|USDA|VA) 2 $220,000 $110,000 $1,394 5.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $210,000 $105,000 $0 7.00%
KANKAKEE, IL (FHA|USDA|VA) 2 $190,000 $95,000 $2,377 6.56%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $190,000 $47,500 $0 7.74%
GREELEY, CO (FHA|USDA|VA) 3 $185,000 $61,667 $0 8.20%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,294 4.50%
PITTSBURGH, PA (FHA|USDA|VA) 4 $170,000 $42,500 $0 7.39%
LANCASTER, PA (FHA|USDA|VA) 3 $165,000 $55,000 $0 6.67%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 4 $160,000 $40,000 $0 7.73%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $160,000 $40,000 $0 7.24%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,028 4.13%
TOLEDO, OH (FHA|USDA|VA) 4 $130,000 $32,500 $0 6.77%
LIMA, OH (FHA|USDA|VA) 2 $130,000 $65,000 $2,412 5.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $125,000 $41,667 $0 6.75%
London, KY (FHA|USDA|VA) 1 $115,000 $115,000 $1,058 5.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $2,884 4.63%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $110,000 $55,000 $0 6.75%
MORGANTOWN, WV (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.43%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $100,000 $25,000 $0 7.54%
Outside of Metro Areas 2 $100,000 $50,000 $0 6.75%
BOISE CITY, ID (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.35%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.35%
Centralia, IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,769 5.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $2,181 4.88%
GETTYSBURG, PA (FHA|USDA|VA) 2 $90,000 $45,000 $0 6.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.65%
Salem, OH (FHA|USDA|VA) 1 $85,000 $85,000 $1,747 5.99%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.75%
Adrian, MI (FHA|USDA|VA) 2 $80,000 $40,000 $0 7.10%
Winfield, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.45%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,240 4.25%
ROCKFORD, IL (FHA|USDA|VA) 1 $75,000 $75,000 $2,102 3.63%
Cambridge, OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,098 5.75%
Somerset, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
Bozeman, MT (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.15%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.50%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.15%
READING, PA (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.55%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.67%
LEBANON, PA (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.87%
MANHATTAN, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.35%
CHEYENNE, WY (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.35%
Pottsville, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
Taylorville, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,571 4.38%
GREEN BAY, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.25%
MUSKEGON, MI (FHA|USDA|VA) 1 $65,000 $65,000 $1,808 4.00%
Edwards, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.99%
Holland, MI (FHA|USDA|VA) 2 $50,000 $25,000 $0 7.30%
Salina, KS (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
Meadville, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.50%
BILLINGS, MT (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
Ludington, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.35%
PUEBLO, CO (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
ANN ARBOR, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.35%
ROCHESTER, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.35%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.99%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
Huntsville, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
Ontario, OR-ID (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.00%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $35,000 $35,000 $672 3.63%
Williston, ND (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.60%
Wooster, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.99%
Glenwood Springs, CO (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.45%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.50%
Lebanon, MO (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.75%
JACKSON, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.75%
CASPER, WY (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.99%
Baraboo, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.99%
Sunbury, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
Numark Credit Union's top markets include Chicago, Detroit, Minneapolis, Grand Rapids, and Philadelphia among others.

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

    Liberty Bank for Savings
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    UNITED
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    TECH Credit Union
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    Community State Bank
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    The Equitable Bank, S.S.B.
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    DuPage Credit Union
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    American Financial Funding Corp.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 554 $73,680,000 $132,996 $2,518 5.19%

    For 2019, Numark Credit Union's most frequently originated type of loan was Conventional, with 554 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 330 $36,130,000 $109,485 $3,571 5.82%
    Refi 213 $35,995,000 $168,991 $1,736 4.24%
    Cash Out Refi 9 $1,215,000 $135,000 $1,661 4.51%
    Home Improvement 2 $340,000 $170,000 $1,240 4.06%

    For 2019, Numark Credit Union's most frequently cited loan purpose was Home Purchase, with 330 originations. The 2nd most popular reason was Refi, with 213 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 244 $44,370,000 $181,844 $2,879 4.38%
    15 Year 176 $17,400,000 $98,864 $2,002 5.43%
    20 Year 96 $8,620,000 $89,792 $1,747 6.55%
    10 Year 19 $1,255,000 $66,053 $1,647 5.42%
    Other 18 $1,980,000 $110,000 $1,370 6.40%
    5 Year 1 $55,000 $55,000 $1,939 3.75%

    For 2019, Numark Credit Union's most frequently cited loan duration was 30 Year, with 244 originations. The 2nd most popular length was 15 Year, with 176 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 382 $65,130,000 $170,497
    $2k-3k 1 $55,000 $55,000
    $3k-4k 1 $185,000 $185,000

    Numark Credit Union's average total fees were $2,879, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 210 $34,980,000 $166,571
    3-4% 141 $25,015,000 $177,411
    6-7% 101 $5,115,000 $50,644
    7-8% 38 $2,120,000 $55,789
    Over 8% 34 $1,500,000 $44,118
    5-6% 27 $4,405,000 $163,148
    2.5-3% 3 $545,000 $181,667

    During 2019, Numark Credit Union's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 4-5%, with 210 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 245 $13,645,000 $55,694 $2,382 6.33%
    $100k-200k 194 $29,460,000 $151,856 $2,608 4.34%
    $200k-400k 109 $27,845,000 $255,459 $2,450 4.17%
    $400k-600k 6 $2,730,000 $455,000 $2,609 4.48%

    2019 saw Numark Credit Union place emphasis on $100,000 or less loans with 245 originations, totaling $13,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 168 $20,060,000 $119,405 $2,563 5.29%
    $50k or less 125 $9,855,000 $78,840 $2,632 5.84%
    $100k-150k 118 $19,630,000 $166,356 $2,362 4.74%
    $75k-100k 98 $13,990,000 $142,755 $2,636 4.98%
    $150k-250k 34 $7,420,000 $218,235 $2,231 4.66%
    $250k+ 11 $2,725,000 $247,727 $2,802 4.38%

    Numark Credit Union lent most frequently to those with incomes in the $50k-75k range, with 168 originations. The second most popular income band? $50k or less, with 125 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 139 $16,305,000 $117,302 $2,404 5.36%
    30-36% 101 $12,265,000 $121,436 $2,599 5.47%
    <20% 44 $4,200,000 $95,455 $2,294 5.45%
    41% 29 $3,985,000 $137,414 $2,525 5.01%
    44% 29 $4,925,000 $169,828 $2,293 4.37%
    40% 27 $2,855,000 $105,741 $2,268 5.99%
    49% 25 $5,175,000 $207,000 $2,656 4.38%
    39% 22 $3,370,000 $153,182 $2,563 5.05%
    37% 22 $2,340,000 $106,364 $3,220 6.18%
    38% 17 $2,055,000 $120,882 $2,054 5.52%
    43% 15 $2,545,000 $169,667 $1,981 4.69%
    46% 14 $2,920,000 $208,571 $2,892 4.33%
    36% 14 $1,820,000 $130,000 $2,580 5.00%
    42% 13 $2,045,000 $157,308 $2,341 4.82%
    45% 13 $1,855,000 $142,692 $3,125 4.39%
    47% 13 $2,025,000 $155,769 $2,930 4.46%
    48% 13 $2,415,000 $185,769 $2,857 4.41%
    50-60% 3 $445,000 $148,333 $2,601 4.42%
    >60% 1 $135,000 $135,000 $1,648 3.00%

    Numark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 139 originations. The next most common DTI ratio? 30-36%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 475 $63,015,000 $132,663 $2,433 5.19%
    Black 51 $7,195,000 $141,078 $2,976 4.56%
    Asian 11 $1,925,000 $175,000 $3,481 4.99%
    Not provided 12 $830,000 $69,167 $0 7.40%
    American Indian 4 $600,000 $150,000 $1,768 7.16%
    Asian Indian 1 $115,000 $115,000 $1,058 5.99%

    Approval Rates

    Total approvals of all applications
    84.41%

    Numark Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    46.57%

    Numark Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $120,000 $60,000
    1000.0 2 $40,000 $20,000
    1026.0 1 $25,000 $25,000
    1041.65 1 $25,000 $25,000
    1067.52 1 $45,000 $45,000
    1200.0 1 $35,000 $35,000
    1345.0 1 $25,000 $25,000
    1349.0 1 $65,000 $65,000
    1381.0 1 $25,000 $25,000
    1400.0 1 $35,000 $35,000
    1422.0 1 $25,000 $25,000
    1491.58 1 $75,000 $75,000
    1500.0 1 $35,000 $35,000
    1550.0 1 $35,000 $35,000
    1700.0 1 $35,000 $35,000
    1800.0 1 $45,000 $45,000
    1865.0 1 $45,000 $45,000
    1870.0 1 $45,000 $45,000
    1950.0 1 $45,000 $45,000
    200.0 1 $15,000 $15,000
    2000.0 1 $55,000 $55,000
    2131.0 1 $45,000 $45,000
    2199.0 1 $75,000 $75,000
    2200.0 1 $45,000 $45,000
    2220.0 1 $55,000 $55,000
    2227.0 1 $45,000 $45,000
    2250.0 1 $45,000 $45,000
    2350.0 1 $45,000 $45,000
    2464.0 1 $55,000 $55,000
    2500.0 1 $55,000 $55,000
    2550.0 1 $55,000 $55,000
    2585.0 1 $65,000 $65,000
    2637.0 1 $55,000 $55,000
    2645.0 1 $55,000 $55,000
    2675.0 1 $55,000 $55,000
    2698.0 1 $55,000 $55,000
    2700.0 1 $65,000 $65,000
    3000.0 3 $245,000 $81,667
    3150.0 1 $65,000 $65,000
    3250.0 1 $75,000 $75,000
    3300.0 1 $75,000 $75,000
    395.0 1 $15,000 $15,000
    403.61 1 $25,000 $25,000
    458.47 1 $25,000 $25,000
    459.45 1 $25,000 $25,000
    568.15 1 $35,000 $35,000
    570.09 1 $35,000 $35,000
    642.02 1 $45,000 $45,000
    659.25 1 $15,000 $15,000
    678.0 1 $45,000 $45,000
    685.31 1 $65,000 $65,000
    700.0 1 $15,000 $15,000
    719.38 1 $55,000 $55,000
    749.0 108 $5,440,000 $50,370
    752.72 1 $55,000 $55,000
    754.0 1 $35,000 $35,000
    796.33 1 $55,000 $55,000
    958.86 1 $75,000 $75,000
    973.0 1 $25,000 $25,000
    NA 384 $65,370,000 $170,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 178 $9,080,000 $51,011
    Single Family (1-4 Units):Site-Built 376 $64,600,000 $171,809

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 25 $1,955,000 $78,200 $1,817 4.40%
    40-60% 57 $6,895,000 $120,965 $2,125 4.63%
    60-80% 202 $31,800,000 $157,426 $2,115 4.87%
    80-100% 263 $32,285,000 $122,757 $3,196 5.62%
    Over 100% 5 $605,000 $121,000 $1,207 6.00%
    Under 20% 2 $140,000 $70,000 $2,703 4.13%