Numerica Credit Union Mortgage Rates, Fees & Info
Spokane Valley, WALEI: 549300N52O6FKUCU5G62
Tax ID: 91-0863377
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
3,293Origination Dollar Volume (All Markets)
$741,605,000Awards
NUMERICA CREDIT UNION - 2021
NUMERICA CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications76.86%
Numerica Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.37%
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% |
