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
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Mortgage Data
Review & Overview
Nw Priority Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Nw Priority Credit Union has a high proportion of conventional loans. Their top two markets are Portland and Centralia .Nw Priority Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
8Origination Dollar Volume (All Markets)
$1,240,000Top 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) | 6 | $860,000 | $143,333 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Centralia, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $1,240,000 | $155,000 | $0 | 0.00% |
For 2022, Nw Priority Credit Union's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 5 | $835,000 | $167,000 | $0 | 0.00% |
| Refi | 2 | $250,000 | $125,000 | $0 | 0.00% |
| Home Purchase | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2022, Nw Priority Credit Union's most frequently cited loan purpose was Cash Out Refi, with 5 originations. The 2nd most popular reason was Refi, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $1,240,000 | $155,000 | $0 | 0.00% |
For 2022, Nw Priority Credit Union's most frequently cited loan duration was Other, with 8 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 5 | $705,000 | $141,000 | $0 | 0.00% |
| $200k-400k | 2 | $470,000 | $235,000 | $0 | 0.00% |
| $100,000 or less | 1 | $65,000 | $65,000 | $0 | 0.00% |
2022 saw Nw Priority Credit Union place emphasis on $100k-200k loans with 5 originations, totaling $705,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 5 | $815,000 | $163,000 | $0 | 0.00% |
| $50k or less | 3 | $425,000 | $141,667 | $0 | 0.00% |
Nw Priority Credit Union lent most frequently to those with incomes in the $50k-75k range, with 5 originations. The second most popular income band? $50k or less, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 8 | $1,240,000 | $155,000 | $0 | 0.00% |
Nw Priority Credit Union lent most frequently to those with DTI ratios of Exempt%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8 | $1,240,000 | $155,000 | $0 | 0.00% |
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 |
|---|---|---|---|
| Exempt | 8 | $1,240,000 | $155,000 |