First Financial Northwest Bank Mortgage Rates, Fees & Info
Renton, WALEI: 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
186Origination Dollar Volume (All Markets)
$123,370,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
2022 saw First Financial Northwest Bank place emphasis on $200k-400k loans with 76 originations, totaling $23,250,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.05%
First Financial Northwest Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.72%
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 |
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% |