Northwestern Bank Mortgage Rates, Fees & Info
Chippewa Falls, WILEI: 254900YAD0R5TBY92Y41
Tax ID: 39-0509860
Latest/2023 | 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 and Refi loans. Northwestern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Menomonie, Minneapolis, Las Vegas, and Madison 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
146Origination Dollar Volume (All Markets)
$45,020,000Top 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) | 118 | $37,220,000 | $315,424 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $2,950,000 | $147,500 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $2,725,000 | $2,725,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 146 | $45,020,000 | $308,356 | $0 | 0.00% |
For 2022, Northwestern Bank's most frequently originated type of loan was Conventional, with 146 originations.
Loan Reason
For 2022, Northwestern Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 146 | $45,020,000 | $308,356 | $0 | 0.00% |
For 2022, Northwestern Bank's most frequently cited loan duration was Other, with 146 originations.
Loan Sizing
2022 saw Northwestern Bank place emphasis on $200k-400k loans with 45 originations, totaling $12,485,000 in origination value.
Applicant Income
Northwestern Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 146 | $45,020,000 | $308,356 | $0 | 0.00% |
Northwestern Bank lent most frequently to those with DTI ratios of Exempt%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.13%
Northwestern Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.29%
Northwestern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 146 | $45,020,000 | $308,356 |