Nw Priority Credit Union Mortgage Rates, Fees & Info
Portland, ORLEI: 549300MRNL011DYRV285
Tax ID: 93-0323668
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Mortgage Data
Review & Overview
Nw Priority Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Nw Priority Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Bend, Astoria, Salem, and Prineville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Nw Priority Credit Union 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.
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Originations
130Origination Dollar Volume (All Markets)
$14,510,000Top 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) | 117 | $13,045,000 | $111,496 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Astoria, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $225,000 | $75,000 | $0 | 0.00% |
| SALEM, OR (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $14,510,000 | $111,615 | $0 | 0.00% |
For 2019, Nw Priority Credit Union's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2019, Nw Priority Credit Union's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $14,510,000 | $111,615 | $0 | 0.00% |
For 2019, Nw Priority Credit Union's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2019 saw Nw Priority Credit Union place emphasis on $100,000 or less loans with 84 originations, totaling $3,800,000 in origination value.
Applicant Income
Nw Priority Credit Union lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $75k-100k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $14,510,000 | $111,615 | $0 | 0.00% |
Nw Priority Credit Union lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.68%
Nw Priority Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination64.62%
Nw Priority Credit Union 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 |
|---|---|---|---|
| Exempt | 130 | $14,510,000 | $111,615 |