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 Cash Out Refi and Home Purchase loans. Northern Hills Fcu has a high proportion of conventional loans. They have a low ratio of USDA 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
90Origination Dollar Volume (All Markets)
$9,670,000Top 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 |
|---|---|---|---|---|---|
| RAPID CITY, SD (FHA|USDA|VA) | 33 | $4,195,000 | $127,121 | $0 | 0.00% |
| Spearfish, SD (FHA|USDA|VA) | 31 | $3,065,000 | $98,871 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $2,410,000 | $92,692 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 89 | $9,505,000 | $106,798 | $0 | 0.00% |
| USDA | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2022, Northern Hills Fcu's most frequently originated type of loan was Conventional, with 89 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2022, Northern Hills Fcu's most frequently cited loan purpose was Cash Out Refi, with 30 originations. The 2nd most popular reason was Home Improvement, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 90 | $9,670,000 | $107,444 | $0 | 0.00% |
For 2022, Northern Hills Fcu's most frequently cited loan duration was Other, with 90 originations.
Loan Sizing
2022 saw Northern Hills Fcu place emphasis on $100,000 or less loans with 51 originations, totaling $2,305,000 in origination value.
Applicant Income
Northern Hills Fcu lent most frequently to those with incomes in the $50k-75k range, with 24 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% | 90 | $9,670,000 | $107,444 | $0 | 0.00% |
Northern Hills Fcu lent most frequently to those with DTI ratios of Exempt%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.39%
Northern Hills Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination85.56%
Northern Hills Fcu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 90 | $9,670,000 | $107,444 |