Northwest Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300CTZWA68906Q837

Tax ID: 93-0389726

1.7 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Northwest 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 include Eugene, Roseburg, Portland, Salem, and Bend among others. Northwest Community has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Northwest Community is typically a high fee lendor.


Originations

1,225

Origination Dollar Volume (All Markets)

$241,705,000

Awards

NORTHWEST COMMUNITY VA Loans bronze
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Relative Rate

Northwest Community's average 30 year fixed rate mortgage of loans were 3.45%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.3%.

Relative Fees

Northwest Community's average total fees for a 30 year fixed rate mortgage are $7,190.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Northwest Community's top markets include Eugene, Roseburg, Portland, Salem, and Bend among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,182 $229,730,000 $194,357 $7,077 3.52%
VA 43 $11,975,000 $278,488 $5,356 2.53%

For the 2021 period, Northwest Community's most frequently originated loan type of loans were Conventional, with 1,182 originations. Their 2nd most popular type is VA, with 43 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 373 $33,495,000 $89,799 $6,477 3.89%
Cash Out Refi 269 $69,395,000 $257,974 $7,160 3.00%
Refi 237 $51,555,000 $217,532 $6,325 2.99%
Other 208 $42,570,000 $204,663 $8,176 4.20%
Home Purchase 138 $44,690,000 $323,841 $7,635 3.12%

For the 2021, Northwest Community's most frequently cited loan purpose of loans were Home Improvement, with 373 originations. The 2nd most popular reason of loans were Cash Out Refi, with 269 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 864 $166,890,000 $193,160 $7,190 3.45%
15 Year 142 $25,000,000 $176,056 $6,193 2.87%
20 Year 129 $17,165,000 $133,062 $6,357 4.09%
10 Year 73 $29,755,000 $407,603 $5,939 4.08%
Other 16 $2,880,000 $180,000 $8,356 3.56%
5 Year 1 $15,000 $15,000 $0 4.25%

For the 2021, Northwest Community's most frequently cited loan length of loans were 30 Year, with 864 originations. The 2nd most popular length of loans were 15 Year, with 142 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 331 $81,835,000 $247,236
$5k+ 164 $60,790,000 $370,671
$2k-3k 96 $14,880,000 $155,000
$<1k 35 $9,495,000 $271,286
$1k-2k 10 $2,800,000 $280,000

$7,190 of loans were Northwest Community's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 331 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 609 $124,265,000 $204,048
2.5-3% 294 $74,830,000 $254,524
4-5% 180 $14,690,000 $81,611
<2.5% 111 $26,015,000 $234,369
5-6% 27 $1,725,000 $63,889
6-7% 4 $180,000 $45,000

During 2021, Northwest Community's average interest rate of loans were 3.45%, while their most frequently originated rate bucket of loans were 3-4%, with 609 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 442 $23,310,000 $52,738 $4,239 4.10%
$200k-400k 377 $105,945,000 $281,021 $7,281 3.07%
$100k-200k 313 $46,355,000 $148,099 $5,439 3.24%
$400k-600k 72 $33,600,000 $466,667 $9,642 3.01%
$600k-1MM 12 $9,250,000 $770,833 $12,230 3.32%
$1MM+ 9 $23,245,000 $2,582,778 $13,051 3.50%

2021 saw Northwest Community place emphasis on $100,000 or less loans with 442 originations, totaling $23,310,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 300 $60,790,000 $202,633 $7,542 3.51%
$50k-75k 292 $44,030,000 $150,788 $6,427 3.43%
$75k-100k 270 $48,370,000 $179,148 $6,987 3.53%
$50k or less 155 $18,685,000 $120,548 $5,470 3.44%
$150k-250k 142 $29,820,000 $210,000 $8,778 3.57%
$250k+ 37 $9,785,000 $264,459 $10,083 3.53%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 298 $55,170,000 $185,134 $6,713 3.32%
30-36% 283 $47,825,000 $168,993 $7,289 3.57%
<20% 121 $20,405,000 $168,636 $6,881 3.30%
40% 62 $11,620,000 $187,419 $7,610 3.81%
42% 53 $8,665,000 $163,491 $7,056 3.84%
41% 51 $7,585,000 $148,725 $8,258 3.67%
43% 48 $7,460,000 $155,417 $6,455 3.56%
36% 45 $7,485,000 $166,333 $6,923 3.67%
39% 40 $4,720,000 $118,000 $7,675 3.99%
37% 39 $7,585,000 $194,487 $6,801 3.43%
44% 39 $7,425,000 $190,385 $7,309 3.60%
38% 36 $6,820,000 $189,444 $6,932 3.62%
45% 26 $4,780,000 $183,846 $7,286 3.35%
46% 17 $4,265,000 $250,882 $7,586 3.16%
48% 14 $3,360,000 $240,000 $6,345 2.93%
49% 14 $4,180,000 $298,571 $7,229 3.03%
47% 6 $970,000 $161,667 $6,541 3.65%
50-60% 5 $1,045,000 $209,000 $5,783 2.95%
>60% 1 $385,000 $385,000 $4,414 2.75%

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.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 929 $163,565,000 $176,066 $6,902 3.49%
Not provided 222 $38,090,000 $171,577 $7,177 3.51%
Not applicable 17 $27,435,000 $1,613,824 $0 3.47%
Asian 18 $5,630,000 $312,778 $8,083 3.41%
American Indian 17 $2,665,000 $156,765 $6,035 3.52%
Black 11 $2,605,000 $236,818 $6,881 3.24%
Native Hawaiian 9 $1,325,000 $147,222 $5,926 3.53%
Other Pacific Islander 2 $390,000 $195,000 $11,409 3.44%

Approval Rates

Total approvals of all applications
76.79%

Northwest Community has a below average approval rate.

Pick Rate

Approvals leading to origination
74.81%

Northwest Community has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,225 $241,705,000 $197,310

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,225 $241,705,000 $197,310

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 204 $25,220,000 $123,627 $5,508 3.59%
40-60% 202 $43,470,000 $215,198 $6,213 2.99%
60-80% 299 $105,675,000 $353,428 $7,530 3.12%
80-100% 132 $45,210,000 $342,500 $7,513 3.07%
Over 100% 3 $1,355,000 $451,667 $9,142 2.74%
Under 20% 384 $20,010,000 $52,109 $3,799 4.13%

Complaints

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%