North Star Credit Union Mortgage Rates, Fees & Info
Cook, MNLEI: 549300XDIQEEL7H1YU47
Tax ID: 41-0789207
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
North Star Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. North Star Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Grand Rapids, and Grand Forks among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)North Star Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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.
Originations
40Origination Dollar Volume (All Markets)
$3,760,000Top 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 |
|---|---|---|---|---|---|
| DULUTH, MN-WI (FHA|USDA|VA) | 31 | $3,295,000 | $106,290 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 7 | $395,000 | $56,429 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $3,760,000 | $94,000 | $0 | 0.00% |
For 2023, North Star Credit Union's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2023, North Star Credit Union's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $3,760,000 | $94,000 | $0 | 0.00% |
For 2023, North Star Credit Union's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2023 saw North Star Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,475,000 in origination value.
Applicant Income
North Star Credit Union lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $75k-100k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $3,760,000 | $94,000 | $0 | 0.00% |
North Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.78%
North Star Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.00%
North Star Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $3,760,000 | $94,000 |