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 Refi and Home Purchase loans. Numark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Ottawa, Kankakee, Detroit, and Minneapolis among others. We have data for 106 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.85% | 4/21/24 |
| 30 Year Conventional Refi | 6.84% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year FHA Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 8.68% | 4/21/24 |
| 15 Year Conventional Refi | 6.27% | 4/21/24 |
| 15 Year Cash-out Refi | 6.27% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
871Origination Dollar Volume (All Markets)
$142,075,000Awards
NUMARK CREDIT UNION - 2020
NUMARK CREDIT UNION is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 636 | $122,490,000 | $192,594 | $2,305 | 3.04% |
| Outside of Metro Areas | 34 | $2,920,000 | $85,882 | $1,799 | 5.69% |
| Ottawa, IL (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $2,236 | 2.85% |
| KANKAKEE, IL (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $1,729 | 2.80% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 14 | $690,000 | $49,286 | $0 | 6.52% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 8 | $660,000 | $82,500 | $2,851 | 6.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,253 | 4.00% |
| NILES, MI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,497 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $3,187 | 4.85% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $1,395 | 4.44% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,661 | 2.19% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $390,000 | $65,000 | $0 | 7.08% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $2,662 | 4.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 6.67% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,147 | 5.44% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,010 | 3.56% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,705 | 4.81% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $0 | 7.16% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $315,000 | $63,000 | $0 | 6.30% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,353 | 3.25% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 6.33% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,167 | 4.81% |
| Murray, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,897 | 3.19% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,258 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $0 | 6.53% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,866 | 3.25% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,937 | 3.13% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,807 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $195,000 | $39,000 | $0 | 7.08% |
| Kalispell, MT (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 6.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $175,000 | $58,333 | $0 | 7.12% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,779 | 5.37% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 6.43% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.65% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.50% |
| Sikeston, MO (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,735 | 5.62% |
| Centralia, IL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $1,455 | 5.88% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.55% |
| MADISON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,440 | 2.75% |
| READING, PA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 7.28% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.99% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,706 | 5.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 6.25% |
| Marion, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,118 | 2.38% |
| Adrian, MI (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $0 | 7.27% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $1,088 | 5.67% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,666 | 3.88% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,294 | 6.73% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 8.10% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.25% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.78% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 6.68% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.30% |
| Malvern, AR (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,075 | 3.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.50% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.48% |
| Sedalia, MO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,726 | 6.50% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.55% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.90% |
| Pella, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 6.10% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.70% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.90% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,673 | 2.25% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.85% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,099 | 3.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.85% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.60% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.35% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.10% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.25% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 8.50% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,737 | 5.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.35% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.50% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| Auburn, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.60% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.70% |
| Holland, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.10% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.60% |
| Cambridge, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| DOVER, DE (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.15% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 9.20% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.90% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.45% |
| AKRON, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,465 | 2.63% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.60% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.95% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,723 | 6.50% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.35% |
| Somerset, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.05% |
| Branson, MO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.65% |
| Hudson, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.35% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.10% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.25% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.45% |
| Somerset, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.60% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 9.05% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 871 | $142,075,000 | $163,117 | $2,297 | 3.83% |
For 2020, Numark Credit Union's most frequently originated type of loan was Conventional, with 871 originations.
Loan Reason
For 2020, Numark Credit Union's most frequently cited loan purpose was Refi, with 448 originations. The 2nd most popular reason was Home Purchase, with 419 originations.
Loan Duration/Length
For 2020, Numark Credit Union's most frequently cited loan duration was 30 Year, with 407 originations. The 2nd most popular length was 15 Year, with 200 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 373 | $70,975,000 | $190,282 |
| $<1k | 327 | $61,505,000 | $188,089 |
| $2k-3k | 1 | $65,000 | $65,000 |
| $5k+ | 1 | $245,000 | $245,000 |
Numark Credit Union's average total fees were $2,587, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 373 originations.
Interest Rates
During 2020, Numark Credit Union's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 275 originations.
Loan Sizing
2020 saw Numark Credit Union place emphasis on $100k-200k loans with 346 originations, totaling $52,390,000 in origination value.
Applicant Income
Numark Credit Union lent most frequently to those with incomes in the $50k-75k range, with 224 originations. The second most popular income band? $100k-150k, with 194 originations.
Applicant Debt to Income Ratio
Numark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 203 originations. The next most common DTI ratio? 30-36%, with 172 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.03%
Numark Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination57.75%
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 | 4 | $220,000 | $55,000 |
| 1000.0 | 1 | $15,000 | $15,000 |
| 1050.0 | 1 | $85,000 | $85,000 |
| 1058.04 | 1 | $35,000 | $35,000 |
| 1087.0 | 1 | $25,000 | $25,000 |
| 1095.0 | 1 | $25,000 | $25,000 |
| 1099.0 | 1 | $25,000 | $25,000 |
| 1120.15 | 1 | $35,000 | $35,000 |
| 1140.65 | 1 | $45,000 | $45,000 |
| 1149.14 | 1 | $45,000 | $45,000 |
| 1150.0 | 1 | $95,000 | $95,000 |
| 1255.41 | 1 | $55,000 | $55,000 |
| 1350.0 | 1 | $25,000 | $25,000 |
| 1367.15 | 1 | $65,000 | $65,000 |
| 1371.0 | 1 | $25,000 | $25,000 |
| 1541.35 | 1 | $65,000 | $65,000 |
| 1543.0 | 1 | $35,000 | $35,000 |
| 1550.0 | 1 | $35,000 | $35,000 |
| 1600.0 | 1 | $35,000 | $35,000 |
| 1650.0 | 1 | $35,000 | $35,000 |
| 1725.0 | 1 | $35,000 | $35,000 |
| 1750.0 | 1 | $35,000 | $35,000 |
| 1800.0 | 1 | $45,000 | $45,000 |
| 1850.0 | 1 | $35,000 | $35,000 |
| 1929.0 | 1 | $55,000 | $55,000 |
| 1995.0 | 1 | $45,000 | $45,000 |
| 200.0 | 1 | $35,000 | $35,000 |
| 2000.0 | 1 | $45,000 | $45,000 |
| 2050.0 | 1 | $55,000 | $55,000 |
| 2200.0 | 1 | $45,000 | $45,000 |
| 2400.0 | 1 | $55,000 | $55,000 |
| 2429.1 | 1 | $85,000 | $85,000 |
| 2483.0 | 1 | $55,000 | $55,000 |
| 2524.0 | 1 | $65,000 | $65,000 |
| 2525.0 | 1 | $55,000 | $55,000 |
| 2599.0 | 1 | $55,000 | $55,000 |
| 2608.0 | 1 | $55,000 | $55,000 |
| 2635.2 | 1 | $65,000 | $65,000 |
| 2660.0 | 1 | $55,000 | $55,000 |
| 2750.0 | 1 | $65,000 | $65,000 |
| 2842.0 | 1 | $75,000 | $75,000 |
| 2954.8 | 1 | $75,000 | $75,000 |
| 3000.0 | 1 | $95,000 | $95,000 |
| 3420.0 | 1 | $75,000 | $75,000 |
| 3500.0 | 1 | $85,000 | $85,000 |
| 4680.0 | 1 | $145,000 | $145,000 |
| 639.16 | 1 | $25,000 | $25,000 |
| 719.83 | 1 | $55,000 | $55,000 |
| 749.0 | 110 | $6,040,000 | $54,909 |
| 758.0 | 1 | $55,000 | $55,000 |
| 799.0 | 2 | $170,000 | $85,000 |
| 842.6 | 1 | $65,000 | $65,000 |
| 845.0 | 1 | $15,000 | $15,000 |
| 935.54 | 1 | $35,000 | $35,000 |
| 999.1 | 1 | $25,000 | $25,000 |
| NA | 703 | $132,975,000 | $189,154 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 190 | $11,110,000 | $58,474 |
| Single Family (1-4 Units):Site-Built | 681 | $130,965,000 | $192,313 |