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
  • 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

    Northern Hills Fcu is a smaller credit union specializing in Home Purchase, Cash Out Refi, and Refi loans. Northern Hills Fcu has a high proportion of conventional loans. Their top two markets are Spearfish and Rapid City .

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

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    Originations

    73

    Origination Dollar Volume (All Markets)

    $7,785,000

    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) 31 $3,575,000 $115,323 $0 0.00%
    RAPID CITY, SD (FHA|USDA|VA) 28 $2,540,000 $90,714 $0 0.00%
    Outside of Metro Areas 14 $1,670,000 $119,286 $0 0.00%
    Northern Hills Fcu's top markets include Spearfish and Rapid City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $6,910,000 $101,618 $0 0.00%
    USDA 5 $875,000 $175,000 $0 0.00%

    For 2018, Northern Hills Fcu's most frequently originated type of loan was Conventional, with 68 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $3,250,000 $135,417 $0 0.00%
    Cash Out Refi 21 $2,275,000 $108,333 $0 0.00%
    Refi 11 $1,635,000 $148,636 $0 0.00%
    Other 10 $390,000 $39,000 $0 0.00%
    Home Improvement 7 $235,000 $33,571 $0 0.00%

    For 2018, Northern Hills Fcu's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 73 $7,785,000 $106,644 $0 0.00%

    For 2018, Northern Hills Fcu's most frequently cited loan duration was Other, with 73 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,925,000 $49,359 $0 0.00%
    $100k-200k 26 $3,740,000 $143,846 $0 0.00%
    $200k-400k 8 $2,120,000 $265,000 $0 0.00%

    2018 saw Northern Hills Fcu place emphasis on $100,000 or less loans with 39 originations, totaling $1,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,125,000 $101,190 $0 0.00%
    $100k-150k 18 $2,040,000 $113,333 $0 0.00%
    $50k or less 18 $1,510,000 $83,889 $0 0.00%
    $75k-100k 13 $1,425,000 $109,615 $0 0.00%
    $150k-250k 3 $685,000 $228,333 $0 0.00%

    Northern Hills Fcu lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 73 $7,785,000 $106,644 $0 0.00%

    Northern Hills Fcu lent most frequently to those with DTI ratios of Exempt%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 69 $7,395,000 $107,174 $0 0.00%
    American Indian 1 $305,000 $305,000 $0 0.00%
    Not provided 2 $50,000 $25,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.07%

    Northern Hills Fcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.97%

    Northern Hills Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 73 $7,785,000 $106,644

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $320,000 $80,000
    Single Family (1-4 Units):Site-Built 69 $7,465,000 $108,188

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Northern Trust Company, The Conventional home mortgage Trouble during payment process 2 66.7%
    Northern Trust Company, The Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%