Northwest Community Mortgage Rates, Fees & Info
Eugene, ORLEI: 549300CTZWA68906Q837
Tax ID: 93-0389726
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage 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
1,225Origination Dollar Volume (All Markets)
$241,705,000Awards
NORTHWEST COMMUNITY - 2021
NORTHWEST COMMUNITY is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for NORTHWEST COMMUNITY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 applications76.79%
Northwest Community has a below average approval rate.
Pick Rate
Approvals leading to origination74.81%
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% |
