What loan types does FIRST NORTHERN Credit Union offer?

FIRST NORTHERN Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does FIRST NORTHERN Credit Union offer mortgages?

FIRST NORTHERN Credit Union offers mortgages in 5 states: FL, IL, MI, OK, WI.

How competitive are FIRST NORTHERN Credit Union's mortgage rates?

FIRST NORTHERN Credit Union has an overall pricing score of 70/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is FIRST NORTHERN Credit Union?

FIRST NORTHERN Credit Union is a Credit Union headquartered in Chicago, IL.

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FIRST NORTHERN Credit Union

Credit Union|Chicago, IL|Regional

Loans Originated

150

Applications

203

Volume

$29 million

Offers loans directly to consumers

Overall Pricing

Strong

Overall Pull Through

Strong

Safe Rate Awards⭐Conventional Superstar⭐Purchase Superstar

Pricing and Pullthrough Overview

Average Rate Spread

+0.358%

The average of the lender's APR minus the market's average APR (APOR)

Average Net Fees

$871

Borrower paid Origination Charges - Lender Credits

Pullthrough Rate

73.9%

Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees
Strong pull through performance

Report Card

FIRST NORTHERN Credit Union performance at a glance

Category	Grade	Details
Pricing Rate competitiveness	Strong	Highly Competitive
Pull Through Closing Strength	Strong	Highly Competitive
Products Loan Type Specialists		Specialization score by loan product
Conventional	Sound	Industry Standard
Purpose Reason specialization		Specialization score by loan purpose
Purchase	Sound	Industry Standard
Refinance	Sound	Industry Standard
Places Geographic coverage	Strong	Regional · 2 metro areas · 5 states

Rating Scale:

Exceptional (80-100)

Strong (60-79)

Sound (40-59)

Acceptable (20-39)

Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount

$196,800

Average Borrower Income

$151,560

Average Property Value

$267,067

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Sound	Strong	Strong	150	100.0%	+0.358%	$871

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Sound	Strong	Strong	130	86.7%	+0.340%	$870
Refinance	Sound	Sound	N/A	Strong	20	13.3%	+0.499%	$880

Geographic Coverage

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Strong

States with Loan Originations

FLILMIOKWI

Top Metro Areas by Place Specialization Score

Rockford, IL, ILMSA

Volume: 102Mix: 68.00%

Place Specialization

Exceptional

Chicago, ILMSA

Volume: 25Mix: 16.67%

Place Specialization

Sound

Top States by Place Specialization Score

ILState

Volume: 136Mix: 90.67%

Place Specialization

Strong

WIState

Volume: 10Mix: 6.67%

Place Specialization

Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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