Northwest Federal Credit Union Mortgage Rates, Fees & Info
Herndon, VALEI: 549300OSZK2W0WJYS771
Tax ID: 53-0216888
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Northwest Federal Credit Union is a smaller credit union specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Northwest Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Atlanta, Miami, Myrtle Beach, and Raleigh among others. We have data for 158 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 relatively high 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.16% | 4/19/24 |
| 30 Year Conventional Purchase | 6.31% | 4/19/24 |
| 30 Year Conventional Refi | 6.11% | 4/19/24 |
| 30 Year Cash-out Refi | 6.35% | 4/19/24 |
| 30 Year VA Purchase | 6.64% | 4/19/24 |
| 15 Year Conventional Purchase | 5.91% | 4/19/24 |
| 15 Year Conventional Refi | 5.65% | 4/19/24 |
| 15 Year Cash-out Refi | 5.65% | 4/19/24 |
| 15 Year VA Purchase | 5.77% | 4/19/24 |
| 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
1,574Origination Dollar Volume (All Markets)
$226,040,000Awards
Northwest Federal Credit Union - 2023
Northwest Federal Credit Union is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Northwest Federal Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Northwest Federal Credit Union's average 30 year fixed mortgage rate was
6.53%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
Northwest Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,700.
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 $9,089.
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) | 847 | $114,855,000 | $135,602 | $790 | 7.22% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 38 | $6,580,000 | $173,158 | $1,823 | 7.21% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 54 | $5,770,000 | $106,852 | $655 | 7.12% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 21 | $5,465,000 | $260,238 | $2,365 | 6.82% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 24 | $5,040,000 | $210,000 | $1,794 | 7.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 24 | $4,730,000 | $197,083 | $2,323 | 7.20% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 21 | $4,455,000 | $212,143 | $3,507 | 7.25% |
| Outside of Metro Areas | 30 | $4,180,000 | $139,333 | $2,205 | 7.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 24 | $3,690,000 | $153,750 | $965 | 7.26% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 32 | $3,350,000 | $104,688 | $638 | 7.11% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $2,985,000 | $229,615 | $2,258 | 7.03% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,795,000 | $254,091 | $2,142 | 6.68% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $2,535,000 | $507,000 | $2,764 | 7.53% |
| RICHMOND, VA (FHA|USDA|VA) | 20 | $2,470,000 | $123,500 | $1,469 | 7.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 24 | $2,450,000 | $102,083 | $848 | 7.27% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 20 | $2,430,000 | $121,500 | $791 | 7.34% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $2,350,000 | $195,833 | $2,107 | 7.44% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 15 | $2,125,000 | $141,667 | $2,299 | 7.46% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $2,030,000 | $203,000 | $1,435 | 6.48% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $2,749 | 6.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $1,945,000 | $149,615 | $1,708 | 7.29% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 14 | $1,920,000 | $137,143 | $2,046 | 7.56% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $1,855,000 | $168,636 | $1,470 | 7.14% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $3,337 | 6.80% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 14 | $1,440,000 | $102,857 | $1,226 | 7.06% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $4,327 | 6.28% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 12 | $1,090,000 | $90,833 | $670 | 7.14% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $955,000 | $106,111 | $989 | 7.54% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $813 | 8.36% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $1,399 | 7.57% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $1,566 | 6.92% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,645 | 7.03% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $7,996 | 7.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,874 | 6.88% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $680,000 | $170,000 | $508 | 7.28% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $1,929 | 7.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $0 | 8.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,034 | 6.54% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $1,058 | 7.28% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,394 | 7.25% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,418 | 6.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $2,061 | 6.56% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $1,880 | 7.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,916 | 7.29% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $1,277 | 7.41% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $364 | 7.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 5 | $455,000 | $91,000 | $1,798 | 7.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $2,872 | 6.58% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $18,168 | 6.88% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,128 | 7.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $5,019 | 6.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,460 | 5.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,208 | 7.38% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,629 | 6.13% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,164 | 6.94% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 7 | $385,000 | $55,000 | $712 | 7.39% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,292 | 6.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,819 | 6.94% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $427 | 7.75% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,304 | 7.25% |
| Richmond, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,597 | 5.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $534 | 6.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,021 | 7.03% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,589 | 6.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,852 | 6.75% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,259 | 7.13% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $299 | 6.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $304 | 6.88% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $223 | 6.88% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,727 | 7.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $520 | 7.09% |
| Shelby, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,019 | 6.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $297 | 6.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $298 | 6.96% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $561 | 6.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $250,000 | $62,500 | $467 | 7.28% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,947 | 7.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,675 | 7.50% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,604 | 5.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $304 | 7.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,107 | 7.50% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,853 | 6.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,280 | 6.25% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $303 | 6.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $1,985 | 6.25% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 7.63% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,730 | 6.50% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $647 | 7.04% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $337 | 7.88% |
| Danville, VA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $1,854 | 7.13% |
| Rockingham, NC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 7.63% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $304 | 6.88% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $583 | 7.29% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $802 | 6.88% |
| Kinston, NC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $5,875 | 7.81% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $378 | 7.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $349 | 7.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $374 | 7.50% |
| JACKSON, MS (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $1,793 | 6.31% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,761 | 7.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $224 | 7.25% |
| Easton, MD (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $282 | 7.31% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 7.38% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $293 | 7.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,603 | 5.63% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $323 | 6.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,033 | 7.38% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $303 | 7.19% |
| OCALA, FL (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $2,085 | 7.13% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $562 | 6.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.25% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $510 | 7.88% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,070 | 6.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $115,000 | $38,333 | $384 | 6.83% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $304 | 6.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $342 | 7.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,010 | 5.50% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $339 | 7.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,814 | 6.50% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $564 | 7.44% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $262 | 7.88% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,907 | 8.25% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.74% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $339 | 7.13% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.99% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $262 | 7.88% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $694 | 7.00% |
| Sanford, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $337 | 8.75% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $364 | 7.00% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $354 | 6.75% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $284 | 6.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $297 | 6.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $299 | 8.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $339 | 6.13% |
| Waycross, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $564 | 6.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $304 | 6.25% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $282 | 6.88% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $309 | 7.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $354 | 6.88% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.25% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $419 | 7.75% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $282 | 8.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $325 | 7.00% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.25% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $299 | 6.00% |
| Batavia, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.50% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $564 | 6.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $316 | 6.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
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.
Similarity Rank: 17
Similarity Rank: 18
Similarity Rank: 42
Similarity Rank: 46
Similarity Rank: 65
Similarity Rank: 108
Similarity Rank: 110
Similarity Rank: 117
Similarity Rank: 160
Similarity Rank: 279
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,048 | $159,460,000 | $152,156 | $1,214 | 6.88% |
| HELOC | 521 | $63,975,000 | $122,793 | n/a | 7.79% |
| VA | 5 | $2,605,000 | $521,000 | $7,056 | 6.93% |
For 2023, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 1,048 originations. Their 2nd most popular type was HELOC, with 521 originations.
Loan Reason
For 2023, Northwest Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 787 originations. The 2nd most popular reason was Cash Out Refi, with 532 originations.
Loan Duration/Length
For 2023, Northwest Federal Credit Union's most frequently cited loan duration was 15 Year, with 731 originations. The 2nd most popular length was 20 Year, with 356 originations.
Origination Fees/Closing Costs
Northwest Federal Credit Union's average total fees were $4,700, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 948 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 638 | $95,200,000 | $149,216 |
| 6-7% | 615 | $75,775,000 | $123,211 |
| Over 8% | 179 | $20,205,000 | $112,877 |
| 5-6% | 137 | $32,145,000 | $234,635 |
| 4-5% | 5 | $2,715,000 | $543,000 |
During 2023, Northwest Federal Credit Union's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 7-8%, with 638 originations.
Loan Sizing
2023 saw Northwest Federal Credit Union place emphasis on $100,000 or less loans with 779 originations, totaling $45,575,000 in origination value.
Applicant Income
Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 570 originations. The second most popular income band? $100k-150k, with 393 originations.
Applicant Debt to Income Ratio
Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 353 originations. The next most common DTI ratio? 30-36%, with 285 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.76%
Northwest Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination76.56%
Northwest Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,574 | $226,040,000 | $143,609 |