Numerica Credit Union Mortgage Rates, Fees & Info

Spokane Valley, WA

LEI: 549300N52O6FKUCU5G62

Tax ID: 91-0863377

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Mortgage Data

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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Spokane, Kennewick, Wenatchee, Yakima, and Mount Vernon among others. We have data for 25 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.

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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

2,572

Origination Dollar Volume (All Markets)

$421,510,000

Awards

NUMERICA CREDIT UNION FHA Loans gold NUMERICA CREDIT UNION FHA Loans gold NUMERICA CREDIT UNION FHA Loans gold
Show all (3) awards

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) 1,318 $219,920,000 $166,859 $5,361 5.30%
Outside of Metro Areas 413 $64,455,000 $156,065 $6,555 5.39%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 370 $53,840,000 $145,514 $5,564 5.85%
WENATCHEE, WA (FHA|USDA|VA) 304 $36,840,000 $121,184 $8,146 5.55%
YAKIMA, WA (FHA|USDA|VA) 21 $9,035,000 $430,238 $5,806 5.82%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $8,800,000 $4,400,000 $0 4.23%
Sandpoint, ID (FHA|USDA|VA) 28 $7,870,000 $281,071 $7,350 5.04%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 10 $6,390,000 $639,000 $5,887 4.03%
Outside of Metro Areas 49 $5,965,000 $121,735 $5,357 5.40%
Moses Lake, WA (FHA|USDA|VA) 18 $1,990,000 $110,556 $5,667 5.64%
Pullman, WA (FHA|USDA|VA) 8 $1,200,000 $150,000 $3,974 4.83%
WALLA WALLA, WA (FHA|USDA|VA) 8 $1,110,000 $138,750 $4,685 5.56%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $675,000 $675,000 $6,579 3.38%
Othello, WA (FHA|USDA|VA) 7 $555,000 $79,286 $0 6.63%
Oak Harbor, WA (FHA|USDA|VA) 1 $425,000 $425,000 $7,424 3.50%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $390,000 $195,000 $3,890 4.06%
Aberdeen, WA (FHA|USDA|VA) 2 $350,000 $175,000 $4,014 4.69%
BELLINGHAM, WA (FHA|USDA|VA) 1 $305,000 $305,000 $5,302 3.88%
Klamath Falls, OR (FHA|USDA|VA) 1 $305,000 $305,000 $9,200 4.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $9,010 4.25%
BOISE CITY, ID (FHA|USDA|VA) 2 $280,000 $140,000 $2,385 5.44%
Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $270,000 $135,000 $5,771 3.19%
Shelton, WA (FHA|USDA|VA) 1 $165,000 $165,000 $4,601 4.38%
LEWISTON, ID-WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.50%
Ellensburg, WA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.25%
Numerica Credit Union's top markets include Spokane, Kennewick, Wenatchee, Yakima, and Mount Vernon among others.

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

    Peoples Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,630 $123,080,000 $75,509 n/a 6.17%
    Conventional 834 $271,170,000 $325,144 $5,634 4.19%
    FHA 63 $14,905,000 $236,587 $7,995 3.67%
    VA 40 $11,250,000 $281,250 $6,468 3.72%
    USDA 5 $1,105,000 $221,000 $7,320 3.35%

    For 2019, Numerica Credit Union's most frequently originated type of loan was HELOC, with 1,630 originations. Their 2nd most popular type was Conventional, with 834 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 799 $57,275,000 $71,683 $4,509 6.08%
    Cash Out Refi 669 $139,485,000 $208,498 $5,514 5.28%
    Home Purchase 539 $155,135,000 $287,820 $6,402 4.40%
    Other 440 $32,500,000 $73,864 $4,508 6.14%
    Refi 125 $37,115,000 $296,920 $4,794 3.84%

    For 2019, Numerica Credit Union's most frequently cited loan purpose was Home Improvement, with 799 originations. The 2nd most popular reason was Cash Out Refi, with 669 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 1,632 $126,270,000 $77,371 $0 6.17%
    30 Year 668 $169,190,000 $253,278 $6,117 4.23%
    15 Year 165 $56,655,000 $343,364 $5,315 3.72%
    10 Year 58 $58,100,000 $1,001,724 $4,023 4.23%
    20 Year 48 $8,990,000 $187,292 $4,065 4.02%
    5 Year 1 $2,305,000 $2,305,000 $0 3.96%

    For 2019, Numerica Credit Union's most frequently cited loan duration was Other, with 1,632 originations. The 2nd most popular length was 30 Year, with 668 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 218 $42,470,000 $194,817
    $3k-4k 201 $53,015,000 $263,756
    $<1k 109 $28,635,000 $262,706
    $1k-2k 105 $18,375,000 $175,000
    $5k+ 101 $41,375,000 $409,653
    $4k-5k 98 $34,590,000 $352,959

    Numerica Credit Union's average total fees were $6,117, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 218 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,059 $98,035,000 $92,573
    3-4% 470 $146,270,000 $311,213
    6-7% 451 $31,085,000 $68,925
    4-5% 414 $127,940,000 $309,034
    7-8% 115 $7,705,000 $67,000
    Over 8% 42 $2,240,000 $53,333
    2.5-3% 19 $7,055,000 $371,316
    <2.5% 2 $1,180,000 $590,000

    During 2019, Numerica Credit Union's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 5-6%, with 1,059 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,281 $68,905,000 $53,790 $3,308 6.15%
    $100k-200k 645 $87,745,000 $136,039 $4,435 5.10%
    $200k-400k 504 $135,590,000 $269,028 $6,123 4.34%
    $400k-600k 79 $37,135,000 $470,063 $7,552 4.17%
    $600k-1MM 36 $27,360,000 $760,000 $14,467 4.03%
    $1MM+ 27 $64,775,000 $2,399,074 $11,289 4.19%

    2019 saw Numerica Credit Union place emphasis on $100,000 or less loans with 1,281 originations, totaling $68,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 623 $69,525,000 $111,597 $5,331 5.55%
    $100k-150k 588 $78,730,000 $133,895 $7,024 5.62%
    $75k-100k 548 $69,560,000 $126,934 $5,887 5.45%
    $50k or less 387 $37,615,000 $97,196 $4,622 5.24%
    $150k-250k 245 $48,215,000 $196,796 $7,224 5.42%
    $250k+ 125 $48,395,000 $387,160 $6,776 4.79%

    Numerica Credit Union lent most frequently to those with incomes in the $50k-75k range, with 623 originations. The second most popular income band? $100k-150k, with 588 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 544 $79,910,000 $146,893 $5,330 5.31%
    30-36% 483 $68,645,000 $142,122 $5,850 5.47%
    <20% 221 $37,005,000 $167,443 $5,129 5.30%
    40% 118 $16,540,000 $140,169 $5,577 5.38%
    43% 113 $11,785,000 $104,292 $5,415 5.87%
    39% 111 $14,515,000 $130,766 $5,337 5.51%
    44% 110 $13,490,000 $122,636 $5,559 5.49%
    45% 102 $11,390,000 $111,667 $11,110 5.85%
    46% 100 $9,310,000 $93,100 $6,798 5.96%
    42% 95 $12,115,000 $127,526 $5,239 5.56%
    41% 95 $12,275,000 $129,211 $5,605 5.52%
    38% 89 $11,065,000 $124,326 $5,589 5.45%
    36% 89 $11,945,000 $134,213 $5,539 5.39%
    37% 87 $12,995,000 $149,368 $5,183 5.38%
    47% 55 $6,655,000 $121,000 $6,103 5.60%
    48% 48 $9,000,000 $187,500 $6,236 5.18%
    50-60% 26 $6,790,000 $261,154 $7,964 4.05%
    49% 24 $5,690,000 $237,083 $6,519 4.66%
    >60% 5 $565,000 $113,000 $0 6.65%

    Numerica Credit Union lent most frequently to those with DTI ratios of 20-30%, with 544 originations. The next most common DTI ratio? 30-36%, with 483 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,345 $318,895,000 $135,989 $5,869 5.46%
    Not applicable 55 $69,385,000 $1,261,545 $0 4.27%
    Not provided 110 $25,240,000 $229,455 $5,757 5.03%
    Asian 28 $4,030,000 $143,929 $5,299 5.13%
    American Indian 18 $2,180,000 $121,111 $6,636 5.39%
    Black 12 $1,560,000 $130,000 $7,633 6.31%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 7.00%
    Korean 1 $55,000 $55,000 $0 6.00%
    Filipino 1 $55,000 $55,000 $0 6.00%
    Other Pacific Islander 1 $25,000 $25,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    74.65%

    Numerica Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.60%

    Numerica Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,572 $421,510,000 $163,884

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 12 $20,070,000 $1,672,500
    Multifamily:Site-Built 23 $37,975,000 $1,651,087
    Single Family (1-4 Units):Manufactured 99 $16,985,000 $171,566
    Single Family (1-4 Units):Site-Built 2,438 $346,480,000 $142,116

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 741 $67,625,000 $91,262 $4,128 5.96%
    40-60% 275 $48,785,000 $177,400 $4,640 5.12%
    60-80% 395 $140,125,000 $354,747 $5,615 4.35%
    80-100% 409 $129,165,000 $315,807 $6,507 4.24%
    Over 100% 7 $2,195,000 $313,571 $11,448 3.82%
    Under 20% 745 $33,615,000 $45,121 $3,262 6.23%