Numerica Credit Union Mortgage Rates, Fees & Info

Spokane Valley, WA

LEI: 549300N52O6FKUCU5G62

Tax ID: 91-0863377

3.4 stars - Updated: 3/28/24 - out of 5 stars, based on 38 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Numerica Credit Union is a smaller credit union specializing in Home Improvement 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Spokane, Kennewick, Boise City, Wenatchee, and Seattle among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Numerica Credit Union has a below 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 a high 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 relatively high 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) 6.35% 3/28/24
30 Year Conventional Purchase 6.75% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.90% 3/28/24
30 Year FHA Purchase 7.08% 3/28/24
30 Year VA Purchase 6.37% 3/28/24
30 Year USDA Purchase 6.50% 3/28/24
15 Year Conventional Purchase 6.33% 3/28/24
15 Year Conventional Refi 6.25% 3/28/24
15 Year Cash-out Refi 6.25% 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.

Numerica Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Numerica 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

1,418

Origination Dollar Volume (All Markets)

$304,320,000

Relative Rate

Numerica Credit Union's average 30 year fixed mortgage rate was 6.84%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.36%.

Relative Fees (Closing Costs)

Numerica Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $9,541.

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 $9,089.

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) 627 $111,285,000 $177,488 $8,386 8.36%
Outside of Metro Areas 184 $61,360,000 $333,478 $11,329 8.34%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 289 $41,485,000 $143,547 $8,509 8.66%
BOISE CITY, ID (FHA|USDA|VA) 2 $28,760,000 $14,380,000 $0 6.38%
WENATCHEE, WA (FHA|USDA|VA) 198 $26,980,000 $136,263 $9,778 8.54%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $9,840,000 $984,000 $16,024 7.75%
Sandpoint, ID (FHA|USDA|VA) 20 $7,710,000 $385,500 $13,926 7.68%
Outside of Metro Areas 30 $5,820,000 $194,000 $8,055 7.90%
Moses Lake, WA (FHA|USDA|VA) 19 $3,115,000 $163,947 $0 8.97%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $1,875,000 $1,875,000 $0 6.36%
YAKIMA, WA (FHA|USDA|VA) 9 $975,000 $108,333 $0 9.25%
Othello, WA (FHA|USDA|VA) 5 $835,000 $167,000 $8,609 7.80%
LEWISTON, ID-WA (FHA|USDA|VA) 2 $800,000 $400,000 $18,357 7.38%
Ellensburg, WA (FHA|USDA|VA) 4 $710,000 $177,500 $11,985 8.72%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $690,000 $345,000 $5,412 6.56%
WALLA WALLA, WA (FHA|USDA|VA) 4 $670,000 $167,500 $0 8.88%
BELLINGHAM, WA (FHA|USDA|VA) 3 $515,000 $171,667 $2,567 8.29%
Pullman, WA (FHA|USDA|VA) 4 $330,000 $82,500 $0 9.38%
Burley, ID (FHA|USDA|VA) 1 $285,000 $285,000 $12,329 7.63%
LONGVIEW, WA (FHA|USDA|VA) 2 $130,000 $65,000 $0 8.63%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.75%
Centralia, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
Numerica Credit Union's top markets include Spokane, Kennewick, Boise City, Wenatchee, and Seattle among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (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.

    Cashmere Valley Bank
    Similarity Rank: 140
    Peoples Bank
    Similarity Rank: 352
    HAPO COMMUNITY CREDIT UNION
    Similarity Rank: 475
    LPMC, LLC
    Similarity Rank: 504
    PRIORITY HOME LENDING, LLC
    Similarity Rank: 957
    Platinum Home Mortgage Corporation
    Similarity Rank: 1704
    First Interstate Bank
    Similarity Rank: 1728

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,131 $126,255,000 $111,631 n/a 8.83%
    Conventional 263 $170,325,000 $647,624 $9,229 6.87%
    FHA 17 $5,655,000 $332,647 $11,501 6.49%
    VA 6 $2,000,000 $333,333 $6,082 6.52%
    USDA 1 $85,000 $85,000 $4,377 6.38%

    For 2023, Numerica Credit Union's most frequently originated type of loan was HELOC, with 1,131 originations. Their 2nd most popular type was Conventional, with 263 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 680 $73,460,000 $108,029 $8,913 8.80%
    Other 264 $30,890,000 $117,008 $8,452 8.73%
    Home Purchase 238 $123,840,000 $520,336 $9,891 7.04%
    Cash Out Refi 224 $57,060,000 $254,732 $6,322 8.50%
    Refi 12 $19,070,000 $1,589,167 $7,248 6.95%

    For 2023, Numerica Credit Union's most frequently cited loan purpose was Home Improvement, with 680 originations. The 2nd most popular reason was Other, with 264 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,132 $126,700,000 $111,926 $0 8.83%
    30 Year 229 $99,435,000 $434,214 $9,541 6.84%
    10 Year 34 $72,110,000 $2,120,882 $0 6.82%
    20 Year 10 $2,850,000 $285,000 $6,631 7.06%
    15 Year 9 $1,695,000 $188,333 $5,978 6.33%
    5 Year 4 $1,530,000 $382,500 $0 7.06%

    For 2023, Numerica Credit Union's most frequently cited loan duration was Other, with 1,132 originations. The 2nd most popular length was 30 Year, with 229 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 107 $62,525,000 $584,346
    $3k-4k 47 $13,135,000 $279,468
    $4k-5k 43 $15,445,000 $359,186
    $2k-3k 30 $7,160,000 $238,667
    $<1k 9 $2,625,000 $291,667
    $1k-2k 8 $1,870,000 $233,750

    Numerica Credit Union's average total fees were $9,541, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 107 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,022 $114,490,000 $112,025
    7-8% 209 $57,205,000 $273,708
    6-7% 152 $94,200,000 $619,737
    5-6% 35 $38,425,000 $1,097,857

    During 2023, Numerica Credit Union's average interest rate for loans was 6.84%, while their most frequently originated rate bucket for loans was Over 8%, with 1,022 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 574 $32,200,000 $56,098 $4,010 8.90%
    $100k-200k 458 $57,040,000 $124,541 $5,257 8.63%
    $200k-400k 259 $71,065,000 $274,382 $7,843 7.70%
    $400k-600k 65 $31,085,000 $478,231 $10,652 7.25%
    $600k-1MM 40 $30,920,000 $773,000 $14,065 7.07%
    $1MM+ 22 $82,010,000 $3,727,727 $24,074 6.67%

    2023 saw Numerica Credit Union place emphasis on $100,000 or less loans with 574 originations, totaling $32,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 411 $59,125,000 $143,856 $8,931 8.53%
    $150k-250k 280 $52,950,000 $189,107 $9,955 8.55%
    $75k-100k 261 $31,835,000 $121,973 $8,677 8.56%
    $50k-75k 238 $25,040,000 $105,210 $6,936 8.45%
    $250k+ 104 $57,640,000 $554,231 $14,538 7.80%
    $50k or less 93 $6,285,000 $67,581 $4,869 8.47%

    Numerica Credit Union lent most frequently to those with incomes in the $100k-150k range, with 411 originations. The second most popular income band? $150k-250k, with 280 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 200 $34,430,000 $172,150 $8,916 8.31%
    20-30% 196 $38,930,000 $198,622 $9,366 8.44%
    49% 144 $18,190,000 $126,319 $10,659 8.68%
    48% 95 $11,695,000 $123,105 $8,877 8.90%
    47% 77 $12,715,000 $165,130 $10,234 8.43%
    46% 67 $10,195,000 $152,164 $11,761 8.60%
    45% 64 $12,480,000 $195,000 $11,912 8.54%
    <20% 64 $14,900,000 $232,813 $6,387 7.97%
    44% 62 $8,530,000 $137,581 $8,668 8.51%
    36% 54 $10,890,000 $201,667 $10,134 8.49%
    42% 51 $7,425,000 $145,588 $8,381 8.42%
    43% 51 $7,315,000 $143,431 $5,132 8.45%
    41% 50 $10,260,000 $205,200 $12,381 8.46%
    39% 48 $10,270,000 $213,958 $8,597 8.33%
    40% 43 $7,525,000 $175,000 $8,804 8.31%
    38% 39 $4,855,000 $124,487 $8,533 8.60%
    37% 39 $5,405,000 $138,590 $7,515 8.67%
    50-60% 37 $5,245,000 $141,757 $10,806 8.20%
    >60% 6 $1,620,000 $270,000 $0 7.57%

    Numerica Credit Union lent most frequently to those with DTI ratios of 30-36%, with 200 originations. The next most common DTI ratio? 20-30%, with 196 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,238 $192,280,000 $155,315 $9,188 8.51%
    Not applicable 31 $71,445,000 $2,304,677 $0 6.82%
    Not provided 100 $34,500,000 $345,000 $10,307 7.86%
    Asian 13 $1,895,000 $145,769 $5,192 8.06%
    American Indian 18 $1,620,000 $90,000 $0 9.07%
    Black 11 $1,525,000 $138,636 $9,450 8.31%
    Filipino 2 $290,000 $145,000 $0 8.75%
    Chinese 1 $255,000 $255,000 $0 8.75%
    Native Hawaiian or Islander 1 $255,000 $255,000 $0 8.00%
    Other Asian 1 $115,000 $115,000 $4,547 6.75%
    Korean 1 $75,000 $75,000 $0 8.50%
    Other Pacific Islander 1 $65,000 $65,000 $0 8.00%

    Approval Rates

    Total approvals of all applications
    63.57%

    Numerica Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    87.38%

    Numerica Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,418 $304,320,000 $214,612

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,418 $304,320,000 $214,612

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 486 $84,350,000 $173,560 $6,365 8.66%
    40-60% 113 $69,165,000 $612,080 $8,318 8.14%
    60-80% 126 $67,170,000 $533,095 $10,464 7.08%
    80-100% 110 $44,670,000 $406,091 $9,360 6.89%
    Over 100% 1 $415,000 $415,000 $21,107 6.50%
    Under 20% 582 $38,550,000 $66,237 $4,478 8.88%