Northwest Community Mortgage Rates, Fees & Info
Eugene, ORLEI: 549300CTZWA68906Q837
Tax ID: 93-0389726
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Mortgage Data
Review & Overview
Northwest Community is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Northwest Community has a high proportion of conventional loans. Their top markets by origination volume include: Eugene, Portland, Roseburg, Bend, and Medford among others. We have data for 23 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.04% | 12/16/24 |
| 30 Year Conventional Purchase | 6.84% | 12/16/24 |
| 30 Year Conventional Refi | 6.94% | 12/16/24 |
| 30 Year Cash-out Refi | 6.93% | 12/16/24 |
| 30 Year VA Purchase | 5.81% | 12/16/24 |
| 30 Year VA Refi | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.08% | 12/16/24 |
| 15 Year Conventional Refi | 6.29% | 12/16/24 |
| 15 Year Cash-out Refi | 6.29% | 12/16/24 |
| 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. | ||
Northwest Community Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,128Origination Dollar Volume (All Markets)
$154,250,000Awards
NORTHWEST COMMUNITY - 2019
NORTHWEST COMMUNITY is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 429 | $54,975,000 | $128,147 | $6,752 | 5.24% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 144 | $24,420,000 | $169,583 | $7,282 | 5.08% |
| Roseburg, OR (FHA|USDA|VA) | 134 | $16,140,000 | $120,448 | $5,474 | 5.08% |
| BEND, OR (FHA|USDA|VA) | 71 | $12,585,000 | $177,254 | $6,614 | 4.80% |
| MEDFORD, OR (FHA|USDA|VA) | 83 | $10,565,000 | $127,289 | $6,344 | 5.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 86 | $8,910,000 | $103,605 | $6,667 | 5.29% |
| Coos Bay, OR (FHA|USDA|VA) | 76 | $8,400,000 | $110,526 | $6,808 | 5.26% |
| GRANTS PASS, OR (FHA|USDA|VA) | 32 | $5,110,000 | $159,688 | $7,967 | 5.13% |
| SALEM, OR (FHA|USDA|VA) | 24 | $3,710,000 | $154,583 | $7,517 | 4.90% |
| CORVALLIS, OR (FHA|USDA|VA) | 14 | $3,110,000 | $222,143 | $7,184 | 4.91% |
| Newport, OR (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $6,652 | 4.25% |
| Outside of Metro Areas | 7 | $925,000 | $132,143 | $8,073 | 5.00% |
| Klamath Falls, OR (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $6,434 | 5.10% |
| Prineville, OR (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $6,888 | 4.66% |
| Shelton, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $7,495 | 4.44% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,758 | 4.56% |
| Astoria, OR (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,899 | 4.00% |
| Hood River, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,174 | 3.75% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,988 | 4.00% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,882 | 3.75% |
| La Grande, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,678 | 4.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.00% |
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.
Similarity Rank: 175
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 705 | $45,115,000 | $63,993 | n/a | 5.81% |
| Conventional | 376 | $95,480,000 | $253,936 | $6,902 | 4.06% |
| VA | 47 | $13,655,000 | $290,532 | $5,104 | 3.60% |
For 2019, Northwest Community's most frequently originated type of loan was HELOC, with 705 originations. Their 2nd most popular type was Conventional, with 376 originations.
Loan Reason
For 2019, Northwest Community's most frequently cited loan purpose was Home Improvement, with 336 originations. The 2nd most popular reason was Other, with 334 originations.
Loan Duration/Length
For 2019, Northwest Community's most frequently cited loan duration was 30 Year, with 707 originations. The 2nd most popular length was 20 Year, with 171 originations.
Origination Fees/Closing Costs
Northwest Community's average total fees were $6,812, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 133 originations.
Interest Rates
During 2019, Northwest Community's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 5-6%, with 532 originations.
Loan Sizing
2019 saw Northwest Community place emphasis on $100,000 or less loans with 602 originations, totaling $29,640,000 in origination value.
Applicant Income
Northwest Community lent most frequently to those with incomes in the $50k-75k range, with 295 originations. The second most popular income band? $100k-150k, with 255 originations.
Applicant Debt to Income Ratio
Northwest Community lent most frequently to those with DTI ratios of 20-30%, with 255 originations. The next most common DTI ratio? 30-36%, with 235 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.20%
Northwest Community has a below average approval rate.
Pick Rate
Approvals leading to origination81.83%
Northwest Community has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,128 | $154,250,000 | $136,746 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 27 | $5,665,000 | $209,815 |
| Single Family (1-4 Units):Site-Built | 1,101 | $148,585,000 | $134,955 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |