Bank Northwest Mortgage Rates, Fees & Info
Hamilton, MOLEI: 254900DRRUT25BYSOL40
Tax ID: 44-0523762
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Northwest is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Northwest has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, Daphne, St. Joseph, Maryville, and Susanville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Northwest has an above 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
72Origination Dollar Volume (All Markets)
$12,250,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 35 | $6,495,000 | $185,571 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $4,280,000 | $164,615 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 6 | $530,000 | $88,333 | $0 | 0.00% |
| Maryville, MO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Susanville, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $12,250,000 | $170,139 | $0 | 0.00% |
For 2023, Bank Northwest's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2023, Bank Northwest's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $12,250,000 | $170,139 | $0 | 0.00% |
For 2023, Bank Northwest's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2023 saw Bank Northwest place emphasis on $100,000 or less loans with 34 originations, totaling $1,790,000 in origination value.
Applicant Income
Bank Northwest lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $50k or less, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $12,250,000 | $170,139 | $0 | 0.00% |
Bank Northwest lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 71 | $11,545,000 | $162,606 | $0 | 0.00% |
| Asian | 1 | $705,000 | $705,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.22%
Bank Northwest has an average approval rate.
Pick Rate
Approvals leading to origination84.72%
Bank Northwest has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $12,250,000 | $170,139 |