Northwest Community Mortgage Rates, Fees & InfoEugene, OR
Tax ID: 93-0389726
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNorthwest Community is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Northwest Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Roseburg, Portland, Salem, and Bend among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)
Northwest Community has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Northwest Community is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||7.33%||3/19/23|
|30 Year Conventional Purchase||6.62%||3/19/23|
|30 Year Conventional Refi||6.53%||3/19/23|
|30 Year Cash-out Refi||6.72%||3/19/23|
|30 Year VA Purchase||6.06%||3/19/23|
|30 Year VA Refi||6.00%||3/19/23|
|15 Year Conventional Purchase||6.02%||3/19/23|
|15 Year Conventional Refi||6.08%||3/19/23|
|15 Year Cash-out Refi||6.08%||3/19/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$241,705,000
Northwest Community's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
Northwest Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,190.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|EUGENE-SPRINGFIELD, OR (FHA|USDA|VA)||447||$84,315,000||$188,624||$6,987||3.49%|
|Roseburg, OR (FHA|USDA|VA)||169||$26,415,000||$156,302||$6,517||3.47%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||115||$25,495,000||$221,696||$7,537||3.57%|
|SALEM, OR (FHA|USDA|VA)||36||$22,900,000||$636,111||$7,689||3.41%|
|BEND, OR (FHA|USDA|VA)||93||$18,755,000||$201,667||$7,519||3.43%|
|MEDFORD, OR (FHA|USDA|VA)||103||$18,355,000||$178,204||$6,978||3.45%|
|Coos Bay, OR (FHA|USDA|VA)||99||$15,815,000||$159,747||$6,444||3.48%|
|ALBANY-LEBANON, OR (FHA|USDA|VA)||57||$9,005,000||$157,982||$7,130||3.67%|
|GRANTS PASS, OR (FHA|USDA|VA)||48||$7,410,000||$154,375||$6,833||3.56%|
|CORVALLIS, OR (FHA|USDA|VA)||20||$6,650,000||$332,500||$8,036||3.32%|
|Outside of Metro Areas||8||$1,440,000||$180,000||$4,902||3.05%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||5||$965,000||$193,000||$7,071||4.00%|
|Klamath Falls, OR (FHA|USDA|VA)||7||$815,000||$116,429||$5,431||3.20%|
|LONGVIEW, WA (FHA|USDA|VA)||4||$800,000||$200,000||$5,227||3.88%|
|Brookings, OR (FHA|USDA|VA)||3||$795,000||$265,000||$7,533||3.04%|
|Prineville, OR (FHA|USDA|VA)||3||$525,000||$175,000||$7,026||3.17%|
|Newport, OR (FHA|USDA|VA)||3||$515,000||$171,667||$7,196||3.08%|
|SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA)||1||$475,000||$475,000||$9,675||2.88%|
|BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA)||1||$165,000||$165,000||$4,318||3.25%|
|The Dalles, OR (FHA|USDA|VA)||1||$45,000||$45,000||$0||4.50%|
|Shelton, WA (FHA|USDA|VA)||1||$35,000||$35,000||$0||3.75%|
|WENATCHEE, WA (FHA|USDA|VA)||1||$15,000||$15,000||$0||5.25%|
We use machine learning to identify the top lenders compared against NORTHWEST COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Northwest Community's most frequently originated type of loan was Conventional, with 611 originations. Their 2nd most popular type was HELOC, with 571 originations.
For 2021, Northwest Community's most frequently cited loan purpose was Home Improvement, with 373 originations. The 2nd most popular reason was Cash Out Refi, with 269 originations.
For 2021, Northwest Community's most frequently cited loan duration was 30 Year, with 864 originations. The 2nd most popular length was 15 Year, with 142 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Northwest Community's average total fees were $7,190, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 181 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Northwest Community's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 609 originations.
2021 saw Northwest Community place emphasis on $100,000 or less loans with 442 originations, totaling $23,310,000 in origination value.
Northwest Community lent most frequently to those with incomes in the $100k-150k range, with 300 originations. The second most popular income band? $50k-75k, with 292 originations.
Applicant Debt to Income Ratio
Northwest Community lent most frequently to those with DTI ratios of 20-30%, with 298 originations. The next most common DTI ratio? 30-36%, with 283 originations.
Approval RatesTotal approvals of all applications
Northwest Community has a below average approval rate.
Pick RateApprovals leading to origination
Northwest Community has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2021 CPFB Complaints||% of Total Issues|
|NORTHWEST BANCSHARES INC||Conventional home mortgage||Struggling to pay mortgage||1||11.1%|
|NORTHWEST BANCSHARES INC||Conventional home mortgage||Trouble during payment process||5||55.6%|
|NORTHWEST BANCSHARES INC||Home equity loan or line of credit (HELOC)||Trouble during payment process||1||11.1%|
|NORTHWEST BANCSHARES INC||Other type of mortgage||Applying for a mortgage or refinancing an existing mortgage||1||11.1%|
|NORTHWEST BANCSHARES INC||Other type of mortgage||Struggling to pay mortgage||1||11.1%|