North Star Credit Union Mortgage Rates, Fees & Info

Cook, MN

LEI: 549300XDIQEEL7H1YU47

Tax ID: 41-0789207

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    North Star Credit Union is a smaller credit union specializing in Home Purchase loans. North Star Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Grand Rapids, and Bemidji among others. We have data for 4 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 a below 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.

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    Originations

    50

    Origination Dollar Volume (All Markets)

    $4,020,000

    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
    DULUTH, MN-WI (FHA|USDA|VA) 39 $3,235,000 $82,949 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 9 $665,000 $73,889 $0 0.00%
    Bemidji, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Outside of Metro Areas 1 $55,000 $55,000 $0 0.00%
    North Star Credit Union's top markets include Duluth, Grand Rapids, and Bemidji among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $4,020,000 $80,400 $0 0.00%

    For 2019, North Star Credit Union's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 25 $2,265,000 $90,600 $0 0.00%
    Cash Out Refi 12 $740,000 $61,667 $0 0.00%
    Home Improvement 7 $505,000 $72,143 $0 0.00%
    Refi 6 $510,000 $85,000 $0 0.00%

    For 2019, North Star Credit Union's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $4,020,000 $80,400 $0 0.00%

    For 2019, North Star Credit Union's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $2,055,000 $58,714 $0 0.00%
    $100k-200k 14 $1,760,000 $125,714 $0 0.00%
    $200k-400k 1 $205,000 $205,000 $0 0.00%

    2019 saw North Star Credit Union place emphasis on $100,000 or less loans with 35 originations, totaling $2,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $1,080,000 $67,500 $0 0.00%
    $100k-150k 12 $960,000 $80,000 $0 0.00%
    $50k or less 9 $695,000 $77,222 $0 0.00%
    $75k-100k 7 $625,000 $89,286 $0 0.00%
    $150k-250k 4 $430,000 $107,500 $0 0.00%
    $250k+ 2 $230,000 $115,000 $0 0.00%

    North Star Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $4,020,000 $80,400 $0 0.00%

    North Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $3,885,000 $79,286 $0 0.00%
    Not provided 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.65%

    North Star Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.00%

    North Star Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $4,020,000 $80,400

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $185,000 $61,667
    Single Family (1-4 Units):Site-Built 47 $3,835,000 $81,596

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%