Northwestern Bank Mortgage Rates, Fees & Info
Chippewa Falls, WILEI: 254900YAD0R5TBY92Y41
Tax ID: 39-0509860
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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, Brainerd, Madison, and Phoenix among others. We have data for 9 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
138Origination Dollar Volume (All Markets)
$34,650,000Top 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) | 94 | $21,650,000 | $230,319 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 7 | $6,515,000 | $930,714 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $4,725,000 | $152,419 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 138 | $34,650,000 | $251,087 | $0 | 0.00% |
For 2023, Northwestern Bank's most frequently originated type of loan was Conventional, with 138 originations.
Loan Reason
For 2023, Northwestern Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 138 | $34,650,000 | $251,087 | $0 | 0.00% |
For 2023, Northwestern Bank's most frequently cited loan duration was Other, with 138 originations.
Loan Sizing
2023 saw Northwestern Bank place emphasis on $100,000 or less loans with 49 originations, totaling $2,505,000 in origination value.
Applicant Income
Northwestern Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 138 | $34,650,000 | $251,087 | $0 | 0.00% |
Northwestern Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.80%
Northwestern Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.16%
Northwestern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 138 | $34,650,000 | $251,087 |