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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & 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 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		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.


    Originations

    1,225

    Origination Dollar Volume (All Markets)

    $241,705,000

    Awards

    NORTHWEST COMMUNITY VA Loans bronze
    Show all (1) awards

    Relative Rate

    Northwest Community's average 30 year fixed mortgage rate was 3.45%.

    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.

    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
    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.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Similar Lenders

    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.

    People's Community Federal Credit Union
    Similarity Rank: 86
    PACIFIC CASCADE FEDERAL CREDIT UNION
    Similarity Rank: 249
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 748
    HERITAGE GROVE Federal Credit Union
    Similarity Rank: 1010
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    Bank of the Pacific
    Similarity Rank: 1218
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    People's Bank of Commerce
    Similarity Rank: 1406
    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 1740

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 611 $185,625,000 $303,805 $7,077 2.99%
    HELOC 571 $44,105,000 $77,242 n/a 4.09%
    VA 43 $11,975,000 $278,488 $5,356 2.53%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 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.

    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 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
    $3k-4k 181 $39,495,000 $218,204
    $5k+ 164 $60,790,000 $370,671
    $4k-5k 150 $42,340,000 $282,267
    $2k-3k 96 $14,880,000 $155,000
    $<1k 35 $9,495,000 $271,286
    $1k-2k 10 $2,800,000 $280,000

    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.

    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 for loans was 3.45%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    83.55%

    Northwest Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.47%

    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
    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%