Northwest Community Mortgage Rates, Fees & Info

Eugene, OR

LEI: 549300CTZWA68906Q837

Tax ID: 93-0389726

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Refi and Cash Out Refi 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 24 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% 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






    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

    1,443

    Origination Dollar Volume (All Markets)

    $274,525,000
    Show all (9) 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) 564 $109,290,000 $193,777 $6,693 3.61%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 176 $39,610,000 $225,057 $7,563 3.49%
    Roseburg, OR (FHA|USDA|VA) 172 $26,240,000 $152,558 $6,338 3.76%
    BEND, OR (FHA|USDA|VA) 111 $23,195,000 $208,964 $7,258 3.45%
    MEDFORD, OR (FHA|USDA|VA) 121 $21,205,000 $175,248 $6,629 3.61%
    Coos Bay, OR (FHA|USDA|VA) 98 $16,200,000 $165,306 $6,388 3.54%
    ALBANY-LEBANON, OR (FHA|USDA|VA) 65 $9,565,000 $147,154 $6,551 3.79%
    GRANTS PASS, OR (FHA|USDA|VA) 40 $7,150,000 $178,750 $6,566 3.73%
    SALEM, OR (FHA|USDA|VA) 33 $6,655,000 $201,667 $6,684 3.61%
    CORVALLIS, OR (FHA|USDA|VA) 14 $3,400,000 $242,857 $7,627 3.35%
    Outside of Metro Areas 12 $2,440,000 $203,333 $6,815 3.40%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 6 $1,940,000 $323,333 $10,731 3.60%
    Prineville, OR (FHA|USDA|VA) 6 $1,890,000 $315,000 $7,253 2.69%
    Klamath Falls, OR (FHA|USDA|VA) 5 $1,025,000 $205,000 $5,613 2.95%
    Hood River, OR (FHA|USDA|VA) 2 $780,000 $390,000 $9,795 2.88%
    Shelton, WA (FHA|USDA|VA) 3 $545,000 $181,667 $6,595 3.04%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $505,000 $505,000 $12,685 3.13%
    The Dalles, OR (FHA|USDA|VA) 2 $500,000 $250,000 $7,522 3.06%
    LONGVIEW, WA (FHA|USDA|VA) 1 $475,000 $475,000 $7,936 2.88%
    Port Angeles, WA (FHA|USDA|VA) 1 $475,000 $475,000 $9,482 2.88%
    Brookings, OR (FHA|USDA|VA) 5 $465,000 $93,000 $5,532 3.55%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $340,000 $170,000 $10,235 4.06%
    Hermiston-Pendleton, OR (FHA|USDA|VA) 2 $320,000 $160,000 $7,777 4.25%
    Newport, OR (FHA|USDA|VA) 1 $315,000 $315,000 $2,758 2.88%
    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.

    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    CENTRAL WILLAMETTE Credit Union
    Similarity Rank: 594
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    U S WIDE FINANCIAL LLC
    Similarity Rank: 988
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    MARION AND POLK SCHOOLS CREDIT UNION
    Similarity Rank: 1380
    SELCO COMMUNITY
    Similarity Rank: 1530
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1565
    Wauna Federal Credit Union
    Similarity Rank: 1644

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 821 $220,775,000 $268,910 $6,882 3.03%
    HELOC 586 $43,060,000 $73,481 n/a 4.42%
    VA 36 $10,690,000 $296,944 $5,620 2.97%

    For 2020, Northwest Community's most frequently originated type of loan was Conventional, with 821 originations. Their 2nd most popular type was HELOC, with 586 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 432 $102,530,000 $237,338 $6,508 3.19%
    Cash Out Refi 338 $86,560,000 $256,095 $6,948 3.10%
    Home Improvement 306 $27,130,000 $88,660 $6,833 4.14%
    Other 234 $18,910,000 $80,812 $5,637 4.60%
    Home Purchase 133 $39,395,000 $296,203 $7,444 3.13%

    For 2020, Northwest Community's most frequently cited loan purpose was Refi, with 432 originations. The 2nd most popular reason was Cash Out Refi, with 338 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,002 $208,680,000 $208,263 $7,021 3.52%
    15 Year 205 $35,615,000 $173,732 $6,154 3.13%
    20 Year 135 $18,035,000 $133,593 $6,354 4.28%
    10 Year 61 $7,265,000 $119,098 $5,156 4.43%
    Other 35 $4,605,000 $131,571 $7,016 4.34%
    5 Year 2 $50,000 $25,000 $0 4.13%
    30+ year 2 $260,000 $130,000 $0 4.25%
    3 Year 1 $15,000 $15,000 $0 5.25%

    For 2020, Northwest Community's most frequently cited loan duration was 30 Year, with 1,002 originations. The 2nd most popular length was 15 Year, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 278 $62,110,000 $223,417
    $5k+ 208 $76,440,000 $367,500
    $4k-5k 204 $58,340,000 $285,980
    $2k-3k 128 $19,360,000 $151,250
    $<1k 22 $6,760,000 $307,273
    $1k-2k 12 $3,080,000 $256,667

    Northwest Community's average total fees were $7,021, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 278 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 611 $116,735,000 $191,056
    2.5-3% 391 $103,465,000 $264,616
    4-5% 184 $15,510,000 $84,293
    5-6% 122 $7,230,000 $59,262
    <2.5% 119 $30,585,000 $257,017
    6-7% 10 $560,000 $56,000
    7-8% 4 $150,000 $37,500
    Over 8% 1 $85,000 $85,000

    During 2020, Northwest Community's average interest rate for loans was 3.52%, while their most frequently originated rate bucket for loans was 3-4%, with 611 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 553 $152,855,000 $276,410 $7,061 3.05%
    $100,000 or less 469 $23,155,000 $49,371 $4,648 4.48%
    $100k-200k 323 $48,145,000 $149,056 $5,386 3.38%
    $400k-600k 90 $41,100,000 $456,667 $9,347 3.07%
    $600k-1MM 6 $4,790,000 $798,333 $8,953 4.00%
    $1MM+ 2 $4,480,000 $2,240,000 $0 3.73%

    2020 saw Northwest Community place emphasis on $200k-400k loans with 553 originations, totaling $152,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 377 $75,905,000 $201,340 $7,237 3.61%
    $50k-75k 317 $51,695,000 $163,076 $6,594 3.59%
    $75k-100k 300 $54,810,000 $182,700 $6,834 3.60%
    $50k or less 205 $26,515,000 $129,341 $5,601 3.65%
    $150k-250k 177 $43,045,000 $243,192 $8,046 3.53%
    $250k+ 44 $12,880,000 $292,727 $7,943 3.55%

    Northwest Community lent most frequently to those with incomes in the $100k-150k range, with 377 originations. The second most popular income band? $50k-75k, with 317 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 383 $69,445,000 $181,319 $6,612 3.54%
    30-36% 319 $59,305,000 $185,909 $6,848 3.65%
    <20% 170 $30,310,000 $178,294 $6,416 3.44%
    41% 61 $12,415,000 $203,525 $7,006 3.64%
    38% 61 $11,925,000 $195,492 $6,744 3.68%
    39% 53 $11,315,000 $213,491 $7,424 3.58%
    42% 50 $7,960,000 $159,200 $7,364 3.91%
    36% 47 $7,495,000 $159,468 $6,462 3.64%
    40% 44 $9,430,000 $214,318 $7,769 3.48%
    37% 44 $6,950,000 $157,955 $6,453 3.86%
    44% 41 $8,355,000 $203,780 $7,289 3.42%
    43% 40 $7,400,000 $185,000 $7,581 3.65%
    46% 25 $5,705,000 $228,200 $7,864 3.36%
    45% 21 $3,415,000 $162,619 $6,840 4.34%
    47% 18 $4,290,000 $238,333 $7,483 3.40%
    50-60% 16 $2,210,000 $138,125 $6,889 3.98%
    49% 15 $3,855,000 $257,000 $8,523 3.24%
    48% 13 $2,885,000 $221,923 $7,846 3.78%
    >60% 5 $755,000 $151,000 $8,857 3.73%

    Northwest Community lent most frequently to those with DTI ratios of 20-30%, with 383 originations. The next most common DTI ratio? 30-36%, with 319 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,130 $208,810,000 $184,788 $6,775 3.61%
    Not provided 263 $53,075,000 $201,806 $7,151 3.55%
    Not applicable 4 $5,160,000 $1,290,000 $0 3.93%
    American Indian 16 $2,570,000 $160,625 $5,985 3.50%
    Asian 14 $2,180,000 $155,714 $6,147 3.61%
    Black 11 $1,955,000 $177,727 $6,859 3.39%
    Native Hawaiian or Islander 3 $495,000 $165,000 $6,286 3.04%
    Filipino 1 $245,000 $245,000 $6,043 3.25%
    Other Pacific Islander 1 $35,000 $35,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    80.47%

    Northwest Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.62%

    Northwest Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,443 $274,525,000 $190,246

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $4,955,000 $1,651,667
    Single Family (1-4 Units):Manufactured 33 $6,055,000 $183,485
    Single Family (1-4 Units):Site-Built 1,407 $263,515,000 $187,289

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 220 $25,370,000 $115,318 $5,608 4.00%
    40-60% 228 $50,660,000 $222,193 $6,215 3.06%
    60-80% 444 $126,740,000 $285,450 $7,122 3.13%
    80-100% 185 $53,765,000 $290,622 $7,216 3.20%
    Over 100% 3 $1,295,000 $431,667 $11,259 2.96%
    Under 20% 363 $16,695,000 $45,992 $4,665 4.46%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 1 50.0%