North Star Credit Union Mortgage Rates, Fees & Info
Cook, MNLEI: 549300XDIQEEL7H1YU47
Tax ID: 41-0789207
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Mortgage Data
Review & Overview
North Star Credit Union is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. North Star Credit Union has a high proportion of conventional loans. Their top two markets are Duluth and Grand Rapids .North Star Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
59Origination Dollar Volume (All Markets)
$6,425,000Top 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) | 53 | $6,085,000 | $114,811 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 6 | $340,000 | $56,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $6,425,000 | $108,898 | $0 | 0.00% |
For 2018, North Star Credit Union's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
For 2018, North Star Credit Union's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $6,425,000 | $108,898 | $0 | 0.00% |
For 2018, North Star Credit Union's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2018 saw North Star Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,610,000 in origination value.
Applicant Income
North Star Credit Union lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $6,425,000 | $108,898 | $0 | 0.00% |
North Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $6,425,000 | $108,898 |