Northwest Plus Credit Union Mortgage Rates, Fees & Info
Everett, WALEI: 254900IHSG9OOX0DZH92
Tax ID: 91-0684272
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Mortgage Data
Review & Overview
Northwest Plus Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Northwest Plus Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Mount Vernon, Oak Harbor, Bellingham, and Moses Lake among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Northwest Plus Credit Union 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. Northwest Plus Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.33% | 4/28/24 |
| 30 Year Conventional Refi | 6.22% | 4/28/24 |
| 30 Year Cash-out Refi | 6.33% | 4/28/24 |
| 15 Year Conventional Purchase | 6.54% | 4/28/24 |
| 15 Year Conventional Refi | 6.06% | 4/28/24 |
| 15 Year Cash-out Refi | 6.06% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Northwest Plus Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Northwest Plus Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
148Origination Dollar Volume (All Markets)
$35,740,000Awards
NorthWest Plus Credit Union - 2019
NorthWest Plus Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 76 | $19,840,000 | $261,053 | $4,838 | 4.09% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 37 | $8,545,000 | $230,946 | $4,772 | 4.07% |
| Oak Harbor, WA (FHA|USDA|VA) | 23 | $4,745,000 | $206,304 | $4,462 | 4.02% |
| BELLINGHAM, WA (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $3,950 | 3.67% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,637 | 3.56% |
| Shelton, WA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 3.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,938 | 3.75% |
| WALLA WALLA, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,849 | 4.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,894 | 3.63% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $35,310,000 | $241,849 | $4,678 | 4.04% |
| USDA | 2 | $430,000 | $215,000 | $5,793 | 4.00% |
For 2019, Northwest Plus Credit Union's most frequently originated type of loan was Conventional, with 146 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2019, Northwest Plus Credit Union's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.
Loan Duration/Length
For 2019, Northwest Plus Credit Union's most frequently cited loan duration was 30 Year, with 106 originations. The 2nd most popular length was 15 Year, with 33 originations.
Origination Fees/Closing Costs
Northwest Plus Credit Union's average total fees were $5,566, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 98 | $27,090,000 | $276,429 |
| 4-5% | 27 | $6,935,000 | $256,852 |
| 5-6% | 19 | $805,000 | $42,368 |
| 2.5-3% | 2 | $580,000 | $290,000 |
| 6-7% | 2 | $330,000 | $165,000 |
During 2019, Northwest Plus Credit Union's average interest rate for loans was 3.83%, while their most frequently originated rate bucket for loans was 3-4%, with 98 originations.
Loan Sizing
2019 saw Northwest Plus Credit Union place emphasis on $200k-400k loans with 73 originations, totaling $21,095,000 in origination value.
Applicant Income
Northwest Plus Credit Union lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
Northwest Plus Credit Union lent most frequently to those with DTI ratios of 30-36%, with 39 originations. The next most common DTI ratio? 20-30%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.97%
Northwest Plus Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Northwest Plus Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 148 | $35,740,000 | $241,486 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 21 | $5,065,000 | $241,190 |
| Single Family (1-4 Units):Site-Built | 127 | $30,675,000 | $241,535 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |