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

Jump to:

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, Cash Out Refi, and Refi loans. North Star Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Grand Rapids, and Minneapolis 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 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

    79

    Origination Dollar Volume (All Markets)

    $11,535,000

    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) 67 $10,205,000 $152,313 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 10 $1,020,000 $102,000 $0 0.00%
    Outside of Metro Areas 1 $255,000 $255,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    North Star Credit Union's top markets include Duluth, Grand Rapids, and Minneapolis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $11,535,000 $146,013 $0 0.00%

    For 2021, North Star Credit Union's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $5,035,000 $152,576 $0 0.00%
    Cash Out Refi 24 $2,910,000 $121,250 $0 0.00%
    Refi 15 $3,005,000 $200,333 $0 0.00%
    Home Improvement 7 $585,000 $83,571 $0 0.00%

    For 2021, North Star Credit Union's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $11,535,000 $146,013 $0 0.00%

    For 2021, North Star Credit Union's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,120,000 $58,889 $0 0.00%
    $100k-200k 27 $3,725,000 $137,963 $0 0.00%
    $200k-400k 11 $2,825,000 $256,818 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%
    $600k-1MM 2 $1,450,000 $725,000 $0 0.00%

    2021 saw North Star Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $2,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $2,465,000 $129,737 $0 0.00%
    $50k-75k 16 $1,640,000 $102,500 $0 0.00%
    $75k-100k 14 $980,000 $70,000 $0 0.00%
    $150k-250k 9 $1,755,000 $195,000 $0 0.00%
    $50k or less 9 $1,065,000 $118,333 $0 0.00%
    $250k+ 8 $2,550,000 $318,750 $0 0.00%

    North Star Credit Union lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $11,535,000 $146,013 $0 0.00%

    North Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $8,720,000 $136,250 $0 0.00%
    Not provided 11 $1,735,000 $157,727 $0 0.00%
    Not applicable 4 $1,080,000 $270,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.59%

    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 origination
    98.73%

    North Star Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $11,535,000 $146,013

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    79 $11,535,000 $146,013

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHSTAR FUNDING INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%