Northwest Farm Credit Services Flca Mortgage Rates, Fees & Info

Spokane, WA

LEI: 549300KDR80I1ELW8D36

Tax ID: 91-2006136

1 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Northwest Farm Credit Services Flca is a smaller mortgage company specializing in Home Purchase and Refi loans. Northwest Farm Credit Services Flca has a high proportion of conventional loans. Their top markets include Portland, Salem, Modesto, Eugene, and Bend among others. Northwest Farm Credit Services Flca 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 Farm Credit Services Flca is typically a high fee lendor.


Originations

507

Origination Dollar Volume (All Markets)

$265,095,000

Relative Rate

Northwest Farm Credit Services Flca's average 30 year fixed rate mortgage of loans were 3.53%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.38%.

Relative Fees

Northwest Farm Credit Services Flca's average total fees for a 30 year fixed rate mortgage are $10,161.

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
Outside of Metro Areas 109 $48,195,000 $442,156 $8,288 3.48%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 49 $28,255,000 $576,633 $9,732 3.52%
SALEM, OR (FHA|USDA|VA) 35 $16,735,000 $478,143 $8,535 3.46%
MODESTO, CA (FHA|USDA|VA) 11 $11,685,000 $1,062,273 $15,912 3.27%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 16 $8,310,000 $519,375 $9,081 3.64%
BEND, OR (FHA|USDA|VA) 10 $6,790,000 $679,000 $10,665 3.35%
VISALIA, CA (FHA|USDA|VA) 5 $6,265,000 $1,253,000 $20,362 3.35%
ALBANY-LEBANON, OR (FHA|USDA|VA) 10 $5,550,000 $555,000 $10,075 3.48%
BELLINGHAM, WA (FHA|USDA|VA) 8 $4,530,000 $566,250 $8,728 3.21%
VALLEJO, CA (FHA|USDA|VA) 3 $4,065,000 $1,355,000 $22,570 3.42%
WENATCHEE, WA (FHA|USDA|VA) 9 $3,955,000 $439,444 $7,281 3.57%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 13 $3,945,000 $303,462 $5,547 3.72%
STOCKTON, CA (FHA|USDA|VA) 6 $3,850,000 $641,667 $11,430 3.25%
BOISE CITY, ID (FHA|USDA|VA) 7 $3,835,000 $547,857 $10,353 3.60%
Heber, UT (FHA|USDA|VA) 3 $3,655,000 $1,218,333 $18,070 3.15%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 7 $3,265,000 $466,429 $9,718 3.18%
MEDFORD, OR (FHA|USDA|VA) 2 $3,230,000 $1,615,000 $27,603 3.55%
Hermiston-Pendleton, OR (FHA|USDA|VA) 9 $3,135,000 $348,333 $6,318 3.46%
FRESNO, CA (FHA|USDA|VA) 5 $3,125,000 $625,000 $10,016 3.81%
Prineville, OR (FHA|USDA|VA) 7 $3,125,000 $446,429 $7,716 3.56%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $2,860,000 $1,430,000 $24,555 3.15%
YUBA CITY, CA (FHA|USDA|VA) 3 $2,795,000 $931,667 $17,701 3.20%
NAPA, CA (FHA|USDA|VA) 1 $2,625,000 $2,625,000 $30,969 3.50%
LOGAN, UT-ID (FHA|USDA|VA) 3 $2,575,000 $858,333 $10,306 3.55%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,395,000 $342,143 $6,135 3.74%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $2,395,000 $798,333 $13,549 3.47%
MERCED, CA (FHA|USDA|VA) 5 $2,345,000 $469,000 $9,007 3.60%
Sandpoint, ID (FHA|USDA|VA) 6 $2,320,000 $386,667 $7,595 3.48%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,210,000 $1,105,000 $17,395 3.53%
Klamath Falls, OR (FHA|USDA|VA) 7 $2,185,000 $312,143 $6,041 3.74%
BILLINGS, MT (FHA|USDA|VA) 6 $2,120,000 $353,333 $6,888 3.64%
GREELEY, CO (FHA|USDA|VA) 3 $2,045,000 $681,667 $10,290 3.75%
Roseburg, OR (FHA|USDA|VA) 5 $2,035,000 $407,000 $8,161 3.79%
Hilo, HI (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $26,442 3.40%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 4 $1,950,000 $487,500 $7,177 3.35%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,875,000 $625,000 $8,930 3.28%
Ellensburg, WA (FHA|USDA|VA) 3 $1,855,000 $618,333 $10,040 3.57%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,815,000 $605,000 $9,992 3.47%
Centralia, WA (FHA|USDA|VA) 4 $1,770,000 $442,500 $7,943 3.81%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,750,000 $875,000 $15,033 4.25%
YAKIMA, WA (FHA|USDA|VA) 4 $1,740,000 $435,000 $7,823 3.11%
Moses Lake, WA (FHA|USDA|VA) 6 $1,720,000 $286,667 $4,768 3.34%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 3 $1,655,000 $551,667 $11,339 3.68%
Blackfoot, ID (FHA|USDA|VA) 2 $1,610,000 $805,000 $7,633 3.55%
CHICO, CA (FHA|USDA|VA) 2 $1,540,000 $770,000 $11,019 3.85%
Outside of Metro Areas 1 $1,405,000 $1,405,000 $20,618 3.45%
Shelton, WA (FHA|USDA|VA) 3 $1,325,000 $441,667 $9,389 3.40%
EL CENTRO, CA (FHA|USDA|VA) 2 $1,310,000 $655,000 $14,782 3.33%
Ontario, OR-ID (FHA|USDA|VA) 4 $1,280,000 $320,000 $5,792 3.64%
Burley, ID (FHA|USDA|VA) 3 $1,215,000 $405,000 $7,115 3.27%
CORVALLIS, OR (FHA|USDA|VA) 4 $1,210,000 $302,500 $4,916 3.50%
TUCSON, AZ (FHA|USDA|VA) 2 $1,210,000 $605,000 $11,532 4.45%
Hood River, OR (FHA|USDA|VA) 3 $1,145,000 $381,667 $8,902 3.48%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $1,135,000 $378,333 $5,819 3.50%
Elko, NV (FHA|USDA|VA) 3 $1,115,000 $371,667 $7,829 3.55%
Jackson, WY-ID (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $13,597 3.10%
Nogales, AZ (FHA|USDA|VA) 1 $995,000 $995,000 $15,737 3.35%
POCATELLO, ID (FHA|USDA|VA) 2 $930,000 $465,000 $6,422 3.45%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $905,000 $905,000 $11,708 3.20%
La Grande, OR (FHA|USDA|VA) 1 $895,000 $895,000 $14,583 3.75%
Steamboat Springs, CO (FHA|USDA|VA) 1 $845,000 $845,000 $12,434 3.55%
REDDING, CA (FHA|USDA|VA) 3 $815,000 $271,667 $5,820 3.30%
Kapaa, HI (FHA|USDA|VA) 1 $805,000 $805,000 $12,408 3.70%
MISSOULA, MT (FHA|USDA|VA) 2 $800,000 $400,000 $8,982 3.45%
Bozeman, MT (FHA|USDA|VA) 2 $770,000 $385,000 $6,220 3.85%
Helena, MT (FHA|USDA|VA) 1 $765,000 $765,000 $6,591 3.35%
Oak Harbor, WA (FHA|USDA|VA) 2 $760,000 $380,000 $6,631 3.35%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $755,000 $755,000 $13,779 3.25%
Aberdeen, WA (FHA|USDA|VA) 2 $730,000 $365,000 $7,417 3.85%
MADERA, CA (FHA|USDA|VA) 2 $730,000 $365,000 $7,000 3.88%
CHEYENNE, WY (FHA|USDA|VA) 2 $710,000 $355,000 $5,071 3.25%
FORT COLLINS, CO (FHA|USDA|VA) 1 $695,000 $695,000 $9,206 3.05%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $690,000 $345,000 $5,588 3.08%
WALLA WALLA, WA (FHA|USDA|VA) 3 $665,000 $221,667 $4,963 3.55%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $655,000 $655,000 $11,885 3.15%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $605,000 $605,000 $11,011 3.15%
Othello, WA (FHA|USDA|VA) 3 $605,000 $201,667 $5,211 3.50%
TWIN FALLS, ID (FHA|USDA|VA) 2 $590,000 $295,000 $4,713 2.83%
Astoria, OR (FHA|USDA|VA) 1 $575,000 $575,000 $8,917 2.60%
Moscow, ID (FHA|USDA|VA) 2 $570,000 $285,000 $5,310 3.43%
The Dalles, OR (FHA|USDA|VA) 2 $540,000 $270,000 $8,159 3.68%
Fallon, NV (FHA|USDA|VA) 2 $530,000 $265,000 $4,967 3.38%
LONGVIEW, WA (FHA|USDA|VA) 2 $530,000 $265,000 $7,246 3.65%
WICHITA, KS (FHA|USDA|VA) 1 $505,000 $505,000 $7,231 4.40%
Pullman, WA (FHA|USDA|VA) 2 $460,000 $230,000 $5,684 3.43%
GRANTS PASS, OR (FHA|USDA|VA) 2 $420,000 $210,000 $3,915 3.45%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $415,000 $415,000 $10,119 3.85%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $365,000 $365,000 $6,117 3.60%
Newport, OR (FHA|USDA|VA) 1 $355,000 $355,000 $11,183 3.50%
Hutchinson, KS (FHA|USDA|VA) 1 $315,000 $315,000 $8,188 3.85%
Durango, CO (FHA|USDA|VA) 1 $245,000 $245,000 $3,399 3.15%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $3,276 3.95%
Fort Morgan, CO (FHA|USDA|VA) 1 $205,000 $205,000 $3,663 3.70%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,892 3.65%
Cedar City, UT (FHA|USDA|VA) 1 $185,000 $185,000 $3,216 3.10%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $175,000 $175,000 $5,221 3.80%
MANHATTAN, KS (FHA|USDA|VA) 1 $175,000 $175,000 $2,825 2.65%
Ukiah, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,298 3.55%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $145,000 $145,000 $4,623 3.60%

Northwest Farm Credit Services Flca's top markets include Portland, Salem, Modesto, Eugene, and Bend among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 507 $265,095,000 $522,870 $9,096 3.49%

For the 2021 period, Northwest Farm Credit Services Flca's most frequently originated loan type of loans were Conventional, with 507 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 246 $141,000,000 $573,171 $10,303 3.49%
Refi 236 $108,280,000 $458,814 $7,483 3.49%
Home Improvement 24 $15,600,000 $650,000 $12,798 3.50%
Other 1 $215,000 $215,000 $4,058 4.84%

For the 2021, Northwest Farm Credit Services Flca's most frequently cited loan purpose of loans were Home Purchase, with 246 originations. The 2nd most popular reason of loans were Refi, with 236 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 393 $230,515,000 $586,552 $10,161 3.53%
15 Year 89 $27,655,000 $310,730 $5,370 3.17%
20 Year 14 $4,010,000 $286,429 $5,484 3.59%
10 Year 11 $2,915,000 $265,000 $5,787 4.73%

For the 2021, Northwest Farm Credit Services Flca's most frequently cited loan length of loans were 30 Year, with 393 originations. The 2nd most popular length of loans were 15 Year, with 89 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 240 $187,150,000 $779,792
$3k-4k 117 $46,705,000 $399,188
$2k-3k 82 $21,600,000 $263,415
$1k-2k 49 $7,585,000 $154,796
$<1k 19 $2,055,000 $108,158

$10,161 of loans were Northwest Farm Credit Services Flca's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 240 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 398 $211,180,000 $530,603
2.5-3% 64 $33,280,000 $520,000
4-5% 38 $17,880,000 $470,526
5-6% 4 $1,920,000 $480,000
<2.5% 3 $835,000 $278,333

During 2021, Northwest Farm Credit Services Flca's average interest rate of loans were 3.53%, while their most frequently originated rate bucket of loans were 3-4%, with 398 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 151 $44,075,000 $291,887 $5,724 3.57%
$400k-600k 121 $59,575,000 $492,355 $8,994 3.51%
$600k-1MM 119 $90,765,000 $762,731 $12,777 3.44%
$100k-200k 57 $8,695,000 $152,544 $3,361 3.43%
$1MM+ 44 $60,860,000 $1,383,182 $20,821 3.45%
$100,000 or less 15 $1,125,000 $75,000 $2,058 3.42%

2021 saw Northwest Farm Credit Services Flca place emphasis on $200k-400k loans with 151 originations, totaling $44,075,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 167 $123,935,000 $742,126 $11,907 3.43%
$150k-250k 128 $71,810,000 $561,016 $9,751 3.47%
$100k-150k 116 $44,230,000 $381,293 $7,314 3.57%
$75k-100k 52 $14,240,000 $273,846 $5,658 3.53%
$50k-75k 33 $8,045,000 $243,788 $5,111 3.49%
$50k or less 11 $2,835,000 $257,727 $5,796 3.71%

Northwest Farm Credit Services Flca lent most frequently to those with incomes in the $250k+ range, with 167 originations. The second most popular income band? $150k-250k, with 128 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 167 $82,825,000 $495,958 $8,671 3.48%
30-36% 141 $69,775,000 $494,858 $8,985 3.58%
<20% 106 $56,720,000 $535,094 $8,915 3.38%
>60% 35 $19,115,000 $546,143 $9,260 3.57%
50-60% 21 $9,985,000 $475,476 $8,726 3.56%
36% 10 $6,610,000 $661,000 $12,553 3.56%
38% 7 $6,555,000 $936,429 $14,634 3.49%
37% 6 $4,220,000 $703,333 $10,979 3.44%
40% 4 $1,670,000 $417,500 $6,954 3.23%
39% 3 $2,455,000 $818,333 $14,301 3.25%
41% 2 $710,000 $355,000 $7,122 3.33%
44% 1 $555,000 $555,000 $7,063 2.95%
46% 1 $865,000 $865,000 $19,145 3.75%
48% 1 $235,000 $235,000 $5,200 3.55%
43% 1 $175,000 $175,000 $3,154 3.45%
42% 1 $2,625,000 $2,625,000 $30,969 3.50%

Northwest Farm Credit Services Flca lent most frequently to those with DTI ratios of 20-30%, with 167 originations. The next most common DTI ratio? 30-36%, with 141 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 319 $171,325,000 $537,069 $9,362 3.48%
Not provided 175 $86,525,000 $494,429 $8,655 3.51%
Asian 8 $4,150,000 $518,750 $8,150 3.58%
American Indian 3 $2,455,000 $818,333 $11,644 3.28%
Black 1 $515,000 $515,000 $7,062 3.40%
Not applicable 1 $125,000 $125,000 $3,431 4.10%

Approval Rates

Total approvals of all applications
81.27%

Northwest Farm Credit Services Flca has a below average approval rate.

Pick Rate

Approvals leading to origination
43.56%

Northwest Farm Credit Services Flca 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 507 $265,095,000 $522,870

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
507 $265,095,000 $522,870

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 53 $14,535,000 $274,245 $5,664 3.48%
40-60% 124 $56,100,000 $452,419 $8,360 3.49%
60-80% 235 $154,785,000 $658,660 $10,965 3.49%
80-100% 75 $34,305,000 $457,400 $8,038 3.53%
Over 100% 2 $1,790,000 $895,000 $13,751 3.73%
Under 20% 18 $3,580,000 $198,889 $3,755 3.40%

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%