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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 by origination volume include: Spokane, Kennewick, Wenatchee, Sandpoint, and Seattle among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Numerica 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. Numerica Credit Union is typically an average 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.

    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) 7.29% 3/19/23
    30 Year Conventional Purchase 6.68% 3/19/23
    30 Year Conventional Refi 6.60% 3/19/23
    30 Year Cash-out Refi 6.76% 3/19/23
    30 Year FHA Purchase 7.11% 3/19/23
    30 Year VA Purchase 6.14% 3/19/23
    30 Year VA Refi 6.07% 3/19/23
    30 Year USDA Purchase 6.27% 3/19/23
    15 Year Conventional Purchase 5.96% 3/19/23
    15 Year Conventional Refi 6.05% 3/19/23
    15 Year Cash-out Refi 6.05% 3/19/23
    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.


    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 mortgage rate was 3.2%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.05%.

    Relative Fees (Closing Costs)

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

    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 $4,750.

    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
    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.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against NUMERICA CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SPOKANE FIREFIGHTERS CREDIT UNION
    Similarity Rank: 360
    Cashmere Valley Bank
    Similarity Rank: 408
    Yakima Federal Savings and Loan Association
    Similarity Rank: 455
    Peoples Bank
    Similarity Rank: 931
    HAPO COMMUNITY CREDIT UNION
    Similarity Rank: 1692
    SAMMAMISH MORTGAGE COMPANY
    Similarity Rank: 2220
    LPMC, LLC
    Similarity Rank: 2442
    WASHINGTON STATE EMPLOYEES Credit Union
    Similarity Rank: 2738
    Solarity Credit Union
    Similarity Rank: 2744
    SUMMIT MORTGAGE CORPORATION
    Similarity Rank: 4067

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,824 $208,410,000 $114,260 n/a 3.87%
    Conventional 1,423 $518,825,000 $364,599 $5,336 3.16%
    VA 26 $8,280,000 $318,462 $8,291 2.65%
    FHA 20 $6,090,000 $304,500 $8,888 2.79%

    For 2021, Numerica Credit Union's most frequently originated type of loan was HELOC, with 1,824 originations. Their 2nd most popular type was Conventional, with 1,423 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Numerica Credit Union's most frequently cited loan purpose was Home Improvement, with 1,055 originations. The 2nd most popular reason was 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 2021, Numerica Credit Union's most frequently cited loan duration was Other, with 1,824 originations. The 2nd most popular length was 30 Year, with 963 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 343 $76,955,000 $224,359
    $3k-4k 228 $67,240,000 $294,912
    $<1k 206 $61,930,000 $300,631
    $1k-2k 194 $40,280,000 $207,629
    $5k+ 148 $91,030,000 $615,068
    $4k-5k 127 $47,955,000 $377,598

    Numerica Credit Union's average total fees were $5,723, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 343 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 for loans was 3.20%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    78.21%

    Numerica Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.82%

    Numerica Credit Union has an 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%