First Financial Northwest Bank Mortgage Rates, Fees & Info

Renton, WA

LEI: 5493003K18C4JU5UJ328

Tax ID: 91-0383363

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

First Financial Northwest Bank is a smaller bank specializing in Home Purchase and Refi loans. First Financial Northwest Bank has a high proportion of conventional loans. Their top markets by origination volume include: Seattle, Bremerton, Phoenix, Wenatchee, and Bellingham among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Financial Northwest 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

186

Origination Dollar Volume (All Markets)

$123,370,000

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) 171 $116,995,000 $684,181 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 6 $2,260,000 $376,667 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,475,000 $491,667 $0 0.00%
Outside of Metro Areas 2 $1,110,000 $555,000 $0 0.00%
WENATCHEE, WA (FHA|USDA|VA) 1 $695,000 $695,000 $0 0.00%
BELLINGHAM, WA (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
Oak Harbor, WA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
First Financial Northwest Bank's top markets include Seattle, Bremerton, Phoenix, Wenatchee, and Bellingham among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 186 $123,370,000 $663,280 $0 0.00%

    For 2022, First Financial Northwest Bank's most frequently originated type of loan was Conventional, with 186 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 95 $76,905,000 $809,526 $0 0.00%
    Refi 57 $27,895,000 $489,386 $0 0.00%
    Cash Out Refi 34 $18,570,000 $546,176 $0 0.00%

    For 2022, First Financial Northwest Bank's most frequently cited loan purpose was Home Purchase, with 95 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 186 $123,370,000 $663,280 $0 0.00%

    For 2022, First Financial Northwest Bank's most frequently cited loan duration was Other, with 186 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 76 $23,250,000 $305,921 $0 0.00%
    $400k-600k 40 $19,850,000 $496,250 $0 0.00%
    $600k-1MM 29 $23,565,000 $812,586 $0 0.00%
    $1MM+ 27 $54,725,000 $2,026,852 $0 0.00%
    $100k-200k 13 $1,895,000 $145,769 $0 0.00%
    $100,000 or less 1 $85,000 $85,000 $0 0.00%

    2022 saw First Financial Northwest Bank place emphasis on $200k-400k loans with 76 originations, totaling $23,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 63 $57,645,000 $915,000 $0 0.00%
    $150k-250k 21 $14,875,000 $708,333 $0 0.00%
    $100k-150k 10 $3,860,000 $386,000 $0 0.00%
    $75k-100k 7 $2,735,000 $390,714 $0 0.00%
    $50k-75k 1 $345,000 $345,000 $0 0.00%

    First Financial Northwest Bank lent most frequently to those with incomes in the $250k+ range, with 63 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 186 $123,370,000 $663,280 $0 0.00%

    First Financial Northwest Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 84 $43,910,000 $522,738 $0 0.00%
    Asian 58 $34,510,000 $595,000 $0 0.00%
    White 26 $24,360,000 $936,923 $0 0.00%
    Not provided 16 $19,440,000 $1,215,000 $0 0.00%
    Black 2 $1,150,000 $575,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.05%

    First Financial Northwest Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.72%

    First Financial Northwest Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 186 $123,370,000 $663,280

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    186 $123,370,000 $663,280

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%