Northern Hills Fcu Mortgage Rates, Fees & Info
Sturgis, SDLEI: 549300ZE5N7SFL05BW25
Tax ID: 46-0236177
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Mortgage Data
Review & Overview
Northern Hills Fcu is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Northern Hills Fcu has a high proportion of conventional loans. Their top two markets are Rapid City and Spearfish .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
81Origination Dollar Volume (All Markets)
$10,285,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 37 | $5,235,000 | $141,486 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 27 | $3,255,000 | $120,556 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $1,795,000 | $105,588 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $9,480,000 | $124,737 | $0 | 0.00% |
| USDA | 5 | $805,000 | $161,000 | $0 | 0.00% |
For 2019, Northern Hills Fcu's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2019, Northern Hills Fcu's most frequently cited loan purpose was Home Purchase, with 27 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 | 81 | $10,285,000 | $126,975 | $0 | 0.00% |
For 2019, Northern Hills Fcu's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2019 saw Northern Hills Fcu place emphasis on $100,000 or less loans with 41 originations, totaling $1,815,000 in origination value.
Applicant Income
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 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $10,285,000 | $126,975 | $0 | 0.00% |
Northern Hills Fcu lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 80 | $10,230,000 | $127,875 | $0 | 0.00% |
| American Indian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.54%
Northern Hills Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination72.84%
Northern Hills Fcu has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $10,285,000 | $126,975 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $265,000 | $53,000 |
| Single Family (1-4 Units):Site-Built | 76 | $10,020,000 | $131,842 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Northern Trust Company, The | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| Northern Trust Company, The | Other type of mortgage | Improper use of your report | 1 | 25.0% |
| Northern Trust Company, The | VA mortgage | Struggling to pay mortgage | 1 | 25.0% |