FIRST NORTHERN Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
41st11.9% deniedPricingmedian rate spread over APOR, weight 30%
19th0.72 ptsProcesswithdrawn + incomplete share, weight 15%
61st9.3%Closing coststotal loan costs ÷ loan amount, weight 10%
30th2.48% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 477 | 335 | 9.6% | 11.6% | 7.04% | $43M |
| 2024 | 532 | 324 | 14.9% | 18.9% | 7.24% | $41M |
| 2025 | 518 | 395 | 10.8% | 11.9% | 6.99% | $65M |
What FIRST NORTHERN Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 32 investment properties.
Why FIRST NORTHERN Credit Union denies applications
Primary reason reported for each of the 56 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at FIRST NORTHERN Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 47 | 27 | 19.1% |
| $50k – $100k | 176 | 140 | 11.7% |
| $100k – $150k | 155 | 119 | 10.9% |
| $150k – $250k | 108 | 80 | 12.5% |
| Over $250k | 30 | 27 | 6.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 17 | 0.0% |
| 25–34 | 103 | 89 | 6.1% |
| 35–44 | 123 | 89 | 12.3% |
| 45–54 | 108 | 81 | 17.8% |
| 55–64 | 81 | 59 | 17.3% |
| 65–74 | 56 | 44 | 6.0% |
| Over 74 | 24 | 16 | 15.8% |
Where FIRST NORTHERN Credit Union lends
9 states and 30 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
FIRST NORTHERN Credit Union denied 11.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 41st percentile of small mortgage lenders.
The most common reason FIRST NORTHERN Credit Union gave in 2025 was "debt-to-income ratio", cited on 41.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans FIRST NORTHERN Credit Union originated in 2025 was 6.99%, and its median rate spread over the average prime offer rate was 0.72 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 55% of its applications were for home purchases, 15% for refinancing (including cash-out), and 30% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.