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
  • 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, Home Improvement, 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, Minneapolis, and Brainerd among others. We have data for 5 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.

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    Originations

    82

    Origination Dollar Volume (All Markets)

    $11,350,000

    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) 64 $9,410,000 $147,031 $0 0.00%
    Grand Rapids, MN (FHA|USDA|VA) 14 $1,470,000 $105,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
    North Star Credit Union's top markets include Duluth, Grand Rapids, Minneapolis, and Brainerd 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 82 $11,350,000 $138,415 $0 0.00%

    For 2022, North Star Credit Union's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $5,305,000 $160,758 $0 0.00%
    Home Improvement 25 $2,385,000 $95,400 $0 0.00%
    Cash Out Refi 16 $2,850,000 $178,125 $0 0.00%
    Refi 8 $810,000 $101,250 $0 0.00%

    For 2022, North Star Credit Union's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Home Improvement, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $11,350,000 $138,415 $0 0.00%

    For 2022, North Star Credit Union's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 41 $2,065,000 $50,366 $0 0.00%
    $100k-200k 20 $2,710,000 $135,500 $0 0.00%
    $200k-400k 18 $4,640,000 $257,778 $0 0.00%
    $600k-1MM 2 $1,450,000 $725,000 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%

    2022 saw North Star Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,630,000 $131,500 $0 0.00%
    $50k-75k 18 $1,740,000 $96,667 $0 0.00%
    $150k-250k 15 $2,825,000 $188,333 $0 0.00%
    $75k-100k 11 $1,065,000 $96,818 $0 0.00%
    $50k or less 7 $405,000 $57,857 $0 0.00%
    $250k+ 5 $1,135,000 $227,000 $0 0.00%

    North Star Credit Union lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $11,350,000 $138,415 $0 0.00%

    North Star Credit Union lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $8,590,000 $134,219 $0 0.00%
    Not provided 12 $1,380,000 $115,000 $0 0.00%
    Not applicable 5 $1,335,000 $267,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    91.46%

    North Star Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $11,350,000 $138,415

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $11,350,000 $138,415