Nw Priority Credit Union Mortgage Rates, Fees & Info
Portland, ORLEI: 549300MRNL011DYRV285
Tax ID: 93-0323668
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Nw Priority Credit Union is a smaller credit union specializing in Cash Out Refi loans. Nw Priority Credit Union has a high proportion of conventional loans. Their top (well, only) market is Portland.Nw Priority Credit Union has an above average approval rate when compared to the average across all lenders.
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.
Originations
2Origination Dollar Volume (All Markets)
$260,000Top 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 |
|---|---|---|---|---|---|
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,258 | 5.50% |
| Outside of Metro Areas | 1 | $105,000 | $105,000 | $4,664 | 7.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $260,000 | $130,000 | $4,961 | 6.25% |
For 2023, Nw Priority Credit Union's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 2 | $260,000 | $130,000 | $4,961 | 6.25% |
For 2023, Nw Priority Credit Union's most frequently cited loan purpose was Cash Out Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 2 | $260,000 | $130,000 | $4,961 | 6.25% |
For 2023, Nw Priority Credit Union's most frequently cited loan duration was 15 Year, with 2 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 2 | $260,000 | $130,000 |
Nw Priority Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $155,000 | $155,000 |
| 6-7% | 1 | $105,000 | $105,000 |
During 2023, Nw Priority Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 2 | $260,000 | $130,000 | $4,961 | 6.25% |
2023 saw Nw Priority Credit Union place emphasis on $100k-200k loans with 2 originations, totaling $260,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 1 | $155,000 | $155,000 | $5,258 | 5.50% |
| $75k-100k | 1 | $105,000 | $105,000 | $4,664 | 7.00% |
Nw Priority Credit Union lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $155,000 | $155,000 | $5,258 | 5.50% |
| 40% | 1 | $105,000 | $105,000 | $4,664 | 7.00% |
Nw Priority Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations. The next most common DTI ratio? 40%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 2 | $260,000 | $130,000 | $4,961 | 6.25% |
Approval Rates
Total approvals of all applications100.00%
Nw Priority Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2 | $260,000 | $130,000 |