Northwest Federal Credit Union Mortgage Rates, Fees & Info
Herndon, VALEI: 549300OSZK2W0WJYS771
Tax ID: 53-0216888
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Northwest Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, and Home Purchase loans. Northwest Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, North Port, Baltimore, Miami, and Winchester among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)Northwest Federal 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. Northwest Federal Credit Union is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.28% | 4/5/25 |
| 30 Year Conventional Purchase | 6.97% | 4/5/25 |
| 30 Year Conventional Refi | 6.71% | 4/5/25 |
| 30 Year Cash-out Refi | 7.14% | 4/5/25 |
| 30 Year VA Purchase | 7.60% | 4/5/25 |
| 15 Year Conventional Purchase | 6.68% | 4/5/25 |
| 15 Year Conventional Refi | 6.59% | 4/5/25 |
| 15 Year Cash-out Refi | 6.59% | 4/5/25 |
| 15 Year VA Purchase | 6.78% | 4/5/25 |
| 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 Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Northwest Federal Credit Union. 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
1,274Origination Dollar Volume (All Markets)
$207,330,000Awards
Northwest Federal Credit Union - 2024
Northwest Federal Credit Union is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Northwest Federal Credit Union's average 30 year fixed mortgage rate was
6.83%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.28%.
Relative Fees (Closing Costs)
Northwest Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,728.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 747 | $113,555,000 | $152,015 | $967 | 7.61% |
| Outside of Metro Areas | 35 | $7,385,000 | $211,000 | $3,093 | 7.42% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $4,600,000 | $766,667 | $4,305 | 6.98% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 28 | $4,510,000 | $161,071 | $1,643 | 7.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 37 | $3,695,000 | $99,865 | $718 | 7.64% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 24 | $3,400,000 | $141,667 | $1,223 | 7.76% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 20 | $3,040,000 | $152,000 | $2,017 | 7.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 12 | $2,890,000 | $240,833 | $2,204 | 7.55% |
| RICHMOND, VA (FHA|USDA|VA) | 22 | $2,390,000 | $108,636 | $600 | 7.81% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $2,250,000 | $225,000 | $3,989 | 7.24% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 13 | $2,125,000 | $163,462 | $883 | 8.01% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $2,110,000 | $175,833 | $3,977 | 7.52% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 14 | $1,950,000 | $139,286 | $1,776 | 7.43% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $4,950 | 6.94% |
| GETTYSBURG, PA (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $3,538 | 6.88% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $3,692 | 7.39% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $6,579 | 7.29% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 6 | $1,510,000 | $251,667 | $2,416 | 7.77% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $1,495,000 | $213,571 | $2,936 | 7.55% |
| SAVANNAH, GA (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $4,431 | 6.97% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $3,572 | 7.28% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $2,575 | 7.48% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $1,235,000 | $137,222 | $355 | 7.82% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 7 | $1,215,000 | $173,571 | $4,322 | 6.93% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 6 | $1,140,000 | $190,000 | $3,492 | 6.98% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $3,717 | 7.09% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $3,441 | 7.60% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 8 | $1,010,000 | $126,250 | $887 | 7.56% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $2,602 | 7.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $370 | 7.65% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $915,000 | $130,714 | $535 | 7.89% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $880,000 | $110,000 | $356 | 8.22% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $850,000 | $106,250 | $673 | 8.27% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $6,390 | 7.03% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 9 | $835,000 | $92,778 | $330 | 7.83% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,348 | 7.75% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $5,927 | 6.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,836 | 7.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,138 | 7.25% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $10,765 | 7.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $1,639 | 8.06% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,334 | 6.13% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $1,435 | 7.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $4,306 | 7.66% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $2,191 | 7.67% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $1,612 | 7.31% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $2,658 | 7.31% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,819 | 7.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,179 | 7.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $421 | 6.94% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,930 | 6.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,744 | 6.25% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 7.75% |
| MOBILE, AL (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $1,877 | 7.33% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,335 | 6.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,517 | 7.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,612 | 7.13% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,490 | 6.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,006 | 7.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $1,792 | 7.96% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,141 | 5.88% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,456 | 7.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,693 | 6.88% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,990 | 8.00% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $366 | 7.44% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,578 | 7.13% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,349 | 7.13% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,010 | 6.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 8.13% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,355 | 6.63% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,111 | 6.63% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,457 | 7.13% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 7.88% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,263 | 7.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,967 | 6.63% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $1,706 | 7.33% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,799 | 6.50% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,733 | 6.88% |
| Sanford, NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,048 | 6.56% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,522 | 5.88% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,068 | 6.38% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 8.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $330 | 7.50% |
| Hudson, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,542 | 6.88% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,555 | 6.38% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,263 | 7.63% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,685 | 6.50% |
| Kinston, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,782 | 7.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $360 | 7.88% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,178 | 6.13% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $862 | 7.94% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $355 | 7.19% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $423 | 7.75% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $629 | 8.44% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,427 | 6.50% |
| Wilson, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,938 | 6.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $351 | 7.63% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,802 | 7.00% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $331 | 8.75% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $376 | 8.31% |
| LAS CRUCES, NM (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $417 | 7.81% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,435 | 6.63% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $304 | 7.19% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $374 | 7.63% |
| Red Wing, MN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $498 | 8.38% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,294 | 7.38% |
| OCALA, FL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,420 | 7.25% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 8.25% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $354 | 7.63% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $357 | 8.13% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $335 | 7.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $666 | 8.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $651 | 7.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $374 | 6.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $309 | 7.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,322 | 7.50% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $354 | 7.13% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $356 | 7.50% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,679 | 5.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $358 | 8.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $376 | 8.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 8.00% |
| READING, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $291 | 6.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $349 | 8.75% |
| Madisonville, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $364 | 6.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $866 | 8.13% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $361 | 6.38% |
| BEND, OR (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $304 | 7.50% |
| Crossville, TN (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $374 | 7.38% |
| Ozark, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $354 | 7.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $667 | 7.88% |
| London, KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $364 | 6.75% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $354 | 6.88% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Northwest Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 751 | $134,125,000 | $178,595 | $1,558 | 7.28% |
| HELOC | 521 | $72,715,000 | $139,568 | n/a | 8.00% |
| VA | 2 | $490,000 | $245,000 | $9,571 | 6.63% |
For 2024, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 751 originations. Their 2nd most popular type was HELOC, with 521 originations.
Loan Reason
For 2024, Northwest Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 532 originations. The 2nd most popular reason was Home Improvement, with 530 originations.
Loan Duration/Length
For 2024, Northwest Federal Credit Union's most frequently cited loan duration was 15 Year, with 637 originations. The 2nd most popular length was 20 Year, with 241 originations.
Origination Fees/Closing Costs
Northwest Federal Credit Union's average total fees were $4,728, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 658 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 709 | $108,655,000 | $153,251 |
| 6-7% | 311 | $60,995,000 | $196,125 |
| Over 8% | 232 | $28,330,000 | $122,112 |
| 5-6% | 22 | $9,350,000 | $425,000 |
During 2024, Northwest Federal Credit Union's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 7-8%, with 709 originations.
Loan Sizing
2024 saw Northwest Federal Credit Union place emphasis on $100,000 or less loans with 524 originations, totaling $31,560,000 in origination value.
Applicant Income
Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 474 originations. The second most popular income band? $100k-150k, with 285 originations.
Applicant Debt to Income Ratio
Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 279 originations. The next most common DTI ratio? 30-36%, with 259 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.38%
Northwest Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination73.47%
Northwest Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,274 | $207,330,000 | $162,739 |