Numerica Credit Union Mortgage Rates, Fees & Info

Spokane Valley, WA

LEI: 549300N52O6FKUCU5G62

Tax ID: 91-0863377

3.9 stars - out of 5 stars, based on 57 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Numerica Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Numerica Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Spokane, Kennewick, Wenatchee, Sandpoint, and Seattle among others. Numerica Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Numerica Credit Union is typically an average fee lendor.


Originations

3,293

Origination Dollar Volume (All Markets)

$741,605,000

Awards

NUMERICA CREDIT UNION FHA Loans bronze
Show all (1) awards

Relative Rate

Numerica Credit Union's average 30 year fixed rate mortgage of loans were 3.2%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.05%.

Relative Fees

Numerica Credit Union's average total fees for a 30 year fixed rate mortgage are $5,723.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1,624 $376,520,000 $231,847 $5,050 3.49%
Outside of Metro Areas 548 $114,810,000 $209,507 $6,206 3.55%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 483 $80,515,000 $166,698 $4,800 3.74%
WENATCHEE, WA (FHA|USDA|VA) 394 $76,410,000 $193,934 $5,387 3.54%
Sandpoint, ID (FHA|USDA|VA) 58 $27,080,000 $466,897 $10,789 3.38%
Outside of Metro Areas 53 $11,105,000 $209,528 $5,946 3.41%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 15 $10,135,000 $675,667 $7,372 3.03%
BOISE CITY, ID (FHA|USDA|VA) 6 $5,180,000 $863,333 $6,448 3.30%
Moses Lake, WA (FHA|USDA|VA) 30 $4,290,000 $143,000 $4,885 3.81%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $4,180,000 $2,090,000 $4,449 3.39%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $25,235 2.38%
MISSOULA, MT (FHA|USDA|VA) 4 $3,850,000 $962,500 $3,754 3.58%
YAKIMA, WA (FHA|USDA|VA) 15 $3,695,000 $246,333 $3,718 4.06%
BELLINGHAM, WA (FHA|USDA|VA) 2 $2,690,000 $1,345,000 $10,477 3.48%
Port Angeles, WA (FHA|USDA|VA) 2 $2,470,000 $1,235,000 $0 3.58%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $0 3.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $2,020,000 $336,667 $4,507 2.67%
Pullman, WA (FHA|USDA|VA) 10 $1,980,000 $198,000 $3,807 3.20%
WALLA WALLA, WA (FHA|USDA|VA) 13 $1,955,000 $150,385 $5,806 3.83%
Othello, WA (FHA|USDA|VA) 11 $1,635,000 $148,636 $4,577 4.24%
LEWISTON, ID-WA (FHA|USDA|VA) 4 $960,000 $240,000 $5,072 3.47%
SALEM, OR (FHA|USDA|VA) 1 $865,000 $865,000 $0 3.75%
GREAT FALLS, MT (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.50%
Moscow, ID (FHA|USDA|VA) 2 $460,000 $230,000 $1,915 3.31%
Prineville, OR (FHA|USDA|VA) 1 $365,000 $365,000 $4,176 2.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $345,000 $345,000 $8,218 2.88%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $275,000 $275,000 $3,220 3.63%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $255,000 $255,000 $6,303 3.25%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $245,000 $245,000 $7,222 3.00%
Ellensburg, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.75%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.38%

Numerica Credit Union's top markets include Spokane, Kennewick, Wenatchee, Sandpoint, and Seattle among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,247 $727,235,000 $223,971 $5,336 3.56%
VA 26 $8,280,000 $318,462 $8,291 2.65%
FHA 20 $6,090,000 $304,500 $8,888 2.79%

For the 2021 period, Numerica Credit Union's most frequently originated loan type of loans were Conventional, with 3,247 originations. Their 2nd most popular type is VA, with 26 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 1,055 $101,725,000 $96,422 $6,603 3.84%
Cash Out Refi 856 $245,500,000 $286,799 $5,560 3.45%
Home Purchase 575 $235,895,000 $410,252 $6,106 3.33%
Other 424 $57,370,000 $135,307 $6,260 3.79%
Refi 383 $101,115,000 $264,008 $4,453 2.99%

For the 2021, Numerica Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 1,055 originations. The 2nd most popular reason of loans were Cash Out Refi, with 856 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 1,824 $208,410,000 $114,260 $0 3.87%
30 Year 963 $319,285,000 $331,552 $5,723 3.20%
15 Year 241 $67,255,000 $279,066 $4,710 2.61%
10 Year 155 $120,955,000 $780,355 $4,280 3.72%
20 Year 110 $25,700,000 $233,636 $4,869 3.03%

For the 2021, Numerica Credit Union's most frequently cited loan length of loans were Other, with 1,824 originations. The 2nd most popular length of loans were 30 Year, with 963 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 355 $115,195,000 $324,493
$2k-3k 343 $76,955,000 $224,359
$<1k 206 $61,930,000 $300,631
$1k-2k 194 $40,280,000 $207,629
$5k+ 148 $91,030,000 $615,068

$5,723 of loans were Numerica Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 355 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,276 $498,690,000 $219,108
2.5-3% 507 $161,455,000 $318,452
4-5% 254 $30,210,000 $118,937
<2.5% 150 $40,760,000 $271,733
5-6% 92 $8,690,000 $94,457
6-7% 11 $1,615,000 $146,818
7-8% 2 $130,000 $65,000
Over 8% 1 $55,000 $55,000

During 2021, Numerica Credit Union's average interest rate of loans were 3.20%, while their most frequently originated rate bucket of loans were 3-4%, with 2,276 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,067 $147,305,000 $138,055 $4,025 3.51%
$100,000 or less 984 $57,700,000 $58,638 $2,980 3.89%
$200k-400k 894 $244,380,000 $273,356 $5,368 3.31%
$400k-600k 206 $99,030,000 $480,728 $6,542 3.17%
$600k-1MM 89 $69,455,000 $780,393 $10,177 3.40%
$1MM+ 53 $123,735,000 $2,334,623 $18,328 3.48%

2021 saw Numerica Credit Union place emphasis on $100k-200k loans with 1,067 originations, totaling $147,305,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 755 $130,175,000 $172,417 $5,342 3.61%
$50k-75k 637 $90,215,000 $141,625 $4,698 3.56%
$75k-100k 599 $90,625,000 $151,294 $5,273 3.58%
$150k-250k 492 $112,010,000 $227,663 $6,281 3.53%
$50k or less 362 $42,780,000 $118,177 $4,169 3.40%
$250k+ 303 $145,485,000 $480,149 $8,770 3.34%

Numerica Credit Union lent most frequently to those with incomes in the $100k-150k range, with 755 originations. The second most popular income band? $50k-75k, with 637 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 806 $159,030,000 $197,308 $5,255 3.46%
30-36% 597 $103,215,000 $172,889 $5,120 3.58%
<20% 473 $115,505,000 $244,197 $5,305 3.38%
42% 133 $23,075,000 $173,496 $5,764 3.66%
39% 123 $21,455,000 $174,431 $4,781 3.50%
41% 116 $20,360,000 $175,517 $5,297 3.61%
44% 114 $22,650,000 $198,684 $5,805 3.58%
40% 113 $18,385,000 $162,699 $5,516 3.61%
37% 108 $18,810,000 $174,167 $5,479 3.60%
36% 106 $20,340,000 $191,887 $5,779 3.48%
43% 101 $17,735,000 $175,594 $6,191 3.77%
38% 90 $16,240,000 $180,444 $5,508 3.56%
45% 80 $14,370,000 $179,625 $9,995 3.76%
46% 53 $6,775,000 $127,830 $5,674 4.04%
47% 45 $8,015,000 $178,111 $5,945 3.64%
48% 38 $10,530,000 $277,105 $5,426 3.40%
49% 26 $8,730,000 $335,769 $6,069 3.26%
50-60% 16 $3,980,000 $248,750 $9,317 3.30%
>60% 12 $2,490,000 $207,500 $5,455 3.22%

Numerica Credit Union lent most frequently to those with DTI ratios of 20-30%, with 806 originations. The next most common DTI ratio? 30-36%, with 597 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,759 $518,615,000 $187,972 $5,340 3.54%
Not applicable 136 $125,650,000 $923,897 $0 3.82%
Not provided 303 $82,485,000 $272,228 $6,610 3.46%
Asian 36 $6,540,000 $181,667 $3,963 3.48%
Black 23 $3,745,000 $162,826 $5,231 3.77%
American Indian 23 $3,325,000 $144,565 $5,511 3.60%
Native Hawaiian 7 $525,000 $75,000 $2,430 3.77%
Asian Indian 2 $330,000 $165,000 $5,307 3.31%
Filipino 3 $205,000 $68,333 $0 3.58%
Other Pacific Islander 1 $185,000 $185,000 $3,732 3.38%

Approval Rates

Total approvals of all applications
76.86%

Numerica Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
83.37%

Numerica Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,293 $741,605,000 $225,206

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,293 $741,605,000 $225,206

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 917 $121,675,000 $132,688 $4,008 3.73%
40-60% 558 $136,430,000 $244,498 $4,968 3.24%
60-80% 679 $285,565,000 $420,567 $5,737 3.31%
80-100% 327 $144,265,000 $441,177 $6,083 3.21%
Over 100% 4 $1,470,000 $367,500 $14,837 2.75%
Under 20% 808 $52,200,000 $64,604 $3,754 3.88%