Northwestern Bank Mortgage Rates, Fees & Info
Chippewa Falls, WILEI: 254900YAD0R5TBY92Y41
Tax ID: 39-0509860
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Northwestern Bank is a smaller bank specializing in Home Purchase loans. Northwestern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, Minneapolis, Duluth, and Jacksonville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Northwestern Bank 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
129Origination Dollar Volume (All Markets)
$34,325,000Top 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 |
|---|---|---|---|---|---|
| EAU CLAIRE, WI (FHA|USDA|VA) | 92 | $24,890,000 | $270,543 | $0 | 0.00% |
| Outside of Metro Areas | 26 | $4,380,000 | $168,462 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 2 | $2,820,000 | $1,410,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 129 | $34,325,000 | $266,085 | $0 | 0.00% |
For 2024, Northwestern Bank's most frequently originated type of loan was Conventional, with 129 originations.
Loan Reason
For 2024, Northwestern Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 129 | $34,325,000 | $266,085 | $0 | 0.00% |
For 2024, Northwestern Bank's most frequently cited loan duration was Other, with 129 originations.
Loan Sizing
2024 saw Northwestern Bank place emphasis on $100k-200k loans with 41 originations, totaling $6,365,000 in origination value.
Applicant Income
Northwestern Bank lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 129 | $34,325,000 | $266,085 | $0 | 0.00% |
Northwestern Bank lent most frequently to those with DTI ratios of Exempt%, with 129 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.33%
Northwestern Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.82%
Northwestern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 129 | $34,325,000 | $266,085 |