Mortgage lender · Joliet, IL · LEI 549300E3X7YDJIUENL65

Numark Credit Union review: approval odds, rates and grade (2025)

Numark Credit Union earns a C, in line with the typical performance of home-equity (HELOC) lenders. It turned down 23.1% of the applications it decided on in 2025, which ranks in the 55th percentile for approval odds. Its median loan was priced 0.16 points above the average prime offer rate, ranking in the 50th percentile on pricing. Compared against 412 home-equity (HELOC) lenders using 2025 HMDA filings.

1.0kApplications2025
60.3%Originatedof applications
23.1%Decision denial ratenational 22.6%
7.25%Median ratenational 6.63%
$100MLoan volume18 states

Numark Credit Union at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

18.3%Denial rate (all applications)+0.27 pts vs national
23.1%Denial rate (decided applications)+0.49 pts vs national
60.3%Origination rate+2.29 pts vs national
14.3%Withdrawn by applicant
6.7%Closed for incompleteness
7.25%Median interest rate+0.63 pts vs national
0.16Median rate spread (pts over APOR)-0.10 pts vs national
$105,000Median loan amount
$4,924Median total loan costs
$103kMedian applicant income
73%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

55th23.1% denied

Pricingmedian rate spread over APOR, weight 30%

50th0.16 pts

Processwithdrawn + incomplete share, weight 15%

13th20.9%

Closing coststotal loan costs ÷ loan amount, weight 10%

17th4.69% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202327420010.2%12.2%6.63%$42M
202498656325.6%30.8%8.00%$86M
20251,00360518.3%23.1%7.25%$100M

What Numark 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

Home purchase 262 26% · 5.3% denied
Refinance 121 12% · 9.1% denied
Cash-out refinance 30 3% · 16.7% denied
Home improvement 219 22% · 21.0% denied
Other / HELOC 371 37% · 28.8% denied

By loan type

Conventional 998 100% · 18.2% denied
FHA 5 0% · 20.0% denied

Also: 650 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 38 investment properties.

Why Numark Credit Union denies applications

Primary reason reported for each of the 183 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 91 50%
Credit history 31 17%
Collateral 29 16%
Incomplete application 22 12%
Other 5 3%
Unverifiable information 4 2%
Insufficient cash 1 1%

How these reasons compare nationally →

Who gets approved at Numark Credit Union

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k1083650.0%
$50k – $100k35422320.2%
$100k – $150k27617920.4%
$150k – $250k18211521.1%
Over $250k573822.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25251810.0%
25–341027115.3%
35–4420211829.8%
45–5427816623.7%
55–6423414424.4%
65–741085915.5%
Over 74462224.1%

Where Numark Credit Union lends

18 states and 56 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois95856818.8%7.38%#81
Indiana161218.8%7.25%#493
Florida770.0%6.38%#1,012

Frequently asked questions

Numark Credit Union denied 23.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 55th percentile of home-equity (HELOC) lenders.

The most common reason Numark Credit Union gave in 2025 was "debt-to-income ratio", cited on 49.7% 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 Numark Credit Union originated in 2025 was 7.25%, and its median rate spread over the average prime offer rate was 0.16 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 26% of its applications were for home purchases, 15% for refinancing (including cash-out), and 59% 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.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Numark Credit Union. Data sources · Methodology