Northwest Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300CTZWA68906Q837

Tax ID: 93-0389726

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

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) 6.04% 3/24/24
30 Year Conventional Purchase 6.84% 3/24/24
30 Year Conventional Refi 6.94% 3/24/24
30 Year Cash-out Refi 6.93% 3/24/24
30 Year VA Purchase 5.81% 3/24/24
30 Year VA Refi 6.27% 3/24/24
15 Year Conventional Purchase 6.08% 3/24/24
15 Year Conventional Refi 6.29% 3/24/24
15 Year Cash-out Refi 6.29% 3/24/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Northwest Community. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,128

Origination Dollar Volume (All Markets)

$154,250,000

Awards

NORTHWEST COMMUNITY 30 Year Conventional Loans gold NORTHWEST COMMUNITY 30 Year Conventional Loans gold NORTHWEST COMMUNITY 30 Year Conventional Loans silver NORTHWEST COMMUNITY VA Loans silver
Show all (4) awards

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%
Northwest Community's top markets include Eugene, Portland, Roseburg, Bend, and Medford 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.

    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 175
    SELCO COMMUNITY
    Similarity Rank: 340
    Citizens Bank
    Similarity Rank: 390
    People's Bank of Commerce
    Similarity Rank: 473
    INROADS
    Similarity Rank: 549
    iQ Credit Union
    Similarity Rank: 851
    Clackamas Federal Credit Union
    Similarity Rank: 918
    OREGONIANS CREDIT UNION
    Similarity Rank: 948

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 336 $23,320,000 $69,405 $6,311 5.77%
    Other 334 $24,340,000 $72,874 $6,282 5.79%
    Cash Out Refi 164 $38,850,000 $236,890 $6,724 4.02%
    Home Purchase 149 $40,305,000 $270,503 $6,680 4.10%
    Refi 145 $27,435,000 $189,207 $6,834 4.45%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 707 $117,405,000 $166,061 $6,812 5.03%
    20 Year 171 $16,625,000 $97,222 $6,069 5.55%
    10 Year 102 $4,190,000 $41,078 $5,309 5.38%
    15 Year 87 $11,175,000 $128,448 $6,344 4.53%
    Other 60 $4,840,000 $80,667 $6,328 5.58%
    5 Year 1 $15,000 $15,000 $0 5.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 133 $28,925,000 $217,481
    $4k-5k 95 $27,515,000 $289,632
    $5k+ 80 $29,320,000 $366,500
    $2k-3k 60 $9,260,000 $154,333
    $<1k 33 $9,455,000 $286,515
    $1k-2k 16 $3,400,000 $212,500

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 532 $37,730,000 $70,921
    3-4% 259 $68,285,000 $263,649
    4-5% 196 $39,360,000 $200,816
    6-7% 123 $6,615,000 $53,780
    2.5-3% 7 $1,675,000 $239,286
    7-8% 7 $265,000 $37,857
    Over 8% 4 $320,000 $80,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 602 $29,640,000 $49,236 $4,408 5.79%
    $200k-400k 268 $73,310,000 $273,545 $6,725 4.06%
    $100k-200k 217 $31,615,000 $145,691 $5,601 4.85%
    $400k-600k 35 $15,605,000 $445,857 $10,278 3.81%
    $600k-1MM 6 $4,080,000 $680,000 $10,652 4.44%

    2019 saw Northwest Community place emphasis on $100,000 or less loans with 602 originations, totaling $29,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 295 $36,455,000 $123,576 $6,211 5.06%
    $100k-150k 255 $36,535,000 $143,275 $7,649 5.22%
    $75k-100k 244 $36,020,000 $147,623 $6,942 5.13%
    $50k or less 176 $16,770,000 $95,284 $5,495 5.09%
    $150k-250k 122 $21,290,000 $174,508 $8,120 5.23%
    $250k+ 19 $3,265,000 $171,842 $8,791 5.76%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 255 $35,315,000 $138,490 $6,678 5.04%
    30-36% 235 $32,545,000 $138,489 $6,877 5.14%
    <20% 84 $7,330,000 $87,262 $6,150 5.22%
    39% 50 $7,710,000 $154,200 $7,169 5.12%
    42% 49 $8,675,000 $177,041 $7,472 4.98%
    38% 47 $6,145,000 $130,745 $7,027 5.30%
    37% 45 $6,005,000 $133,444 $5,948 5.21%
    40% 44 $6,150,000 $139,773 $7,331 5.34%
    43% 43 $5,535,000 $128,721 $6,104 5.23%
    41% 40 $5,400,000 $135,000 $6,355 5.41%
    44% 39 $6,245,000 $160,128 $6,570 4.94%
    36% 35 $4,485,000 $128,143 $6,688 5.33%
    46% 31 $4,855,000 $156,613 $6,936 5.13%
    50-60% 31 $4,095,000 $132,097 $7,006 5.10%
    45% 30 $3,160,000 $105,333 $7,397 5.33%
    47% 24 $2,750,000 $114,583 $6,455 5.29%
    49% 19 $3,285,000 $172,895 $7,325 4.63%
    48% 12 $1,210,000 $100,833 $5,856 5.38%
    >60% 3 $315,000 $105,000 $0 5.92%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 918 $118,580,000 $129,172 $6,518 5.19%
    Not provided 183 $31,685,000 $173,142 $7,370 4.86%
    Black 5 $975,000 $195,000 $7,160 4.45%
    American Indian 9 $945,000 $105,000 $4,598 5.26%
    Asian 7 $925,000 $132,143 $5,869 5.55%
    Native Hawaiian or Islander 3 $675,000 $225,000 $4,529 4.50%
    Not applicable 3 $465,000 $155,000 $0 4.67%

    Approval Rates

    Total approvals of all applications
    72.20%

    Northwest Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.83%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 236 $21,100,000 $89,407 $4,961 5.65%
    40-60% 103 $16,695,000 $162,087 $5,944 4.55%
    60-80% 194 $51,120,000 $263,505 $6,918 4.17%
    80-100% 167 $46,675,000 $279,491 $6,939 4.09%
    Over 100% 2 $790,000 $395,000 $13,021 3.56%
    Under 20% 426 $17,870,000 $41,948 $4,865 5.84%

    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%