Northern Hills Fcu Mortgage Rates, Fees & Info

Sturgis, SD

LEI: 549300ZE5N7SFL05BW25

Tax ID: 46-0236177

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

    Northern Hills Fcu is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Northern Hills Fcu has a high proportion of conventional loans. Their top markets by origination volume include: Spearfish, Rapid City, and Pierre among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Northern Hills Fcu has an average approval rate when compared to the average across all lenders. They have an 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

    84

    Origination Dollar Volume (All Markets)

    $8,580,000

    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
    Spearfish, SD (FHA|USDA|VA) 35 $3,835,000 $109,571 $0 0.00%
    RAPID CITY, SD (FHA|USDA|VA) 25 $2,385,000 $95,400 $0 0.00%
    Outside of Metro Areas 23 $2,275,000 $98,913 $0 0.00%
    Pierre, SD (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Northern Hills Fcu's top markets include Spearfish, Rapid City, and Pierre among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $8,580,000 $102,143 $0 0.00%

    For 2023, Northern Hills Fcu's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 25 $1,935,000 $77,400 $0 0.00%
    Other 22 $1,560,000 $70,909 $0 0.00%
    Cash Out Refi 20 $2,480,000 $124,000 $0 0.00%
    Home Purchase 11 $2,205,000 $200,455 $0 0.00%
    Refi 6 $400,000 $66,667 $0 0.00%

    For 2023, Northern Hills Fcu's most frequently cited loan purpose was Home Improvement, with 25 originations. The 2nd most popular reason was Other, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $8,580,000 $102,143 $0 0.00%

    For 2023, Northern Hills Fcu's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,025,000 $53,070 $0 0.00%
    $100k-200k 16 $2,280,000 $142,500 $0 0.00%
    $200k-400k 9 $2,245,000 $249,444 $0 0.00%
    $400k-600k 2 $1,030,000 $515,000 $0 0.00%

    2023 saw Northern Hills Fcu place emphasis on $100,000 or less loans with 57 originations, totaling $3,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 23 $2,225,000 $96,739 $0 0.00%
    $50k-75k 19 $2,015,000 $106,053 $0 0.00%
    $100k-150k 14 $760,000 $54,286 $0 0.00%
    $50k or less 14 $940,000 $67,143 $0 0.00%
    $150k-250k 12 $2,210,000 $184,167 $0 0.00%
    $250k+ 2 $430,000 $215,000 $0 0.00%

    Northern Hills Fcu lent most frequently to those with incomes in the $75k-100k range, with 23 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $8,580,000 $102,143 $0 0.00%

    Northern Hills Fcu lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $8,460,000 $103,171 $0 0.00%
    American Indian 2 $120,000 $60,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.00%

    Northern Hills Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.05%

    Northern Hills Fcu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $8,580,000 $102,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $8,580,000 $102,143