Northwest Federal Credit Union Mortgage Rates, Fees & Info
Herndon, VALEI: 549300OSZK2W0WJYS771
Tax ID: 53-0216888
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Mortgage Data
Review & Overview
Northwest Federal Credit Union is a smaller credit union specializing in 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, Raleigh, Baltimore, Orlando, and New York among others. We have data for 145 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.16% | 12/3/24 |
| 30 Year Conventional Purchase | 6.31% | 12/3/24 |
| 30 Year Conventional Refi | 6.11% | 12/3/24 |
| 30 Year Cash-out Refi | 6.35% | 12/3/24 |
| 30 Year VA Purchase | 6.64% | 12/3/24 |
| 15 Year Conventional Purchase | 5.91% | 12/3/24 |
| 15 Year Conventional Refi | 5.65% | 12/3/24 |
| 15 Year Cash-out Refi | 5.65% | 12/3/24 |
| 15 Year VA Purchase | 5.77% | 12/3/24 |
| 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
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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
1,691Origination Dollar Volume (All Markets)
$349,095,000Awards
Northwest Federal Credit Union - 2018
Northwest Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,106 | $235,320,000 | $212,767 | $2,845 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 35 | $8,775,000 | $250,714 | $3,745 | 4.41% |
| Outside of Metro Areas | 40 | $7,980,000 | $199,500 | $3,071 | 4.59% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 23 | $4,955,000 | $215,435 | $2,344 | 4.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 32 | $4,300,000 | $134,375 | $2,285 | 4.95% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $3,830,000 | $319,167 | $4,583 | 4.38% |
| RICHMOND, VA (FHA|USDA|VA) | 13 | $3,605,000 | $277,308 | $3,924 | 4.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $3,460,000 | $157,273 | $3,082 | 5.47% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $3,115,000 | $239,615 | $3,747 | 4.58% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 15 | $2,885,000 | $192,333 | $2,817 | 4.74% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 6 | $2,720,000 | $453,333 | $5,101 | 4.19% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 13 | $2,525,000 | $194,231 | $2,242 | 4.51% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 10 | $2,440,000 | $244,000 | $4,375 | 4.55% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 13 | $2,415,000 | $185,769 | $2,915 | 4.79% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $4,221 | 4.68% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $2,360,000 | $168,571 | $2,844 | 4.39% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $2,295,000 | $208,636 | $2,349 | 4.97% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $1,985,000 | $180,455 | $2,312 | 4.65% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $1,915,000 | $174,091 | $1,771 | 4.98% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $1,915,000 | $273,571 | $5,371 | 4.27% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 11 | $1,865,000 | $169,545 | $2,747 | 4.90% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 10 | $1,770,000 | $177,000 | $2,769 | 4.54% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $1,620,000 | $162,000 | $2,585 | 4.94% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $4,107 | 4.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $1,530,000 | $153,000 | $2,162 | 4.74% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 7 | $1,485,000 | $212,143 | $3,540 | 4.29% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $1,395,000 | $107,308 | $2,687 | 5.15% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $3,730 | 4.48% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $2,122 | 4.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,772 | 4.50% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $3,930 | 4.20% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $2,191 | 4.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,032 | 4.46% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $2,325 | 4.50% |
| GREENVILLE, NC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,757 | 5.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $3,498 | 4.09% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,876 | 3.83% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $3,432 | 4.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $6,851 | 4.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,168 | 4.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $10,973 | 4.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $2,323 | 4.29% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $1,469 | 4.54% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $2,181 | 4.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $2,474 | 4.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,054 | 5.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $3,012 | 3.38% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $3,025 | 4.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $3,826 | 4.46% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $3,183 | 5.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $1,863 | 5.75% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,997 | 4.25% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,154 | 5.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,636 | 4.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,042 | 5.38% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $3,507 | 4.25% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,542 | 4.31% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,522 | 4.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $420,000 | $105,000 | $3,355 | 4.75% |
| Morehead City, NC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,032 | 4.56% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,970 | 5.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 5 | $375,000 | $75,000 | $2,562 | 4.93% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,525 | 4.63% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,201 | 3.81% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $2,353 | 4.04% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $1,172 | 4.67% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,892 | 5.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,663 | 4.38% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $4,860 | 4.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,471 | 5.38% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,599 | 3.63% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,897 | 4.63% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,317 | 4.63% |
| Washington, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $5,400 | 4.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,530 | 4.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,626 | 4.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,939 | 4.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $778 | 4.47% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,770 | 4.63% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,083 | 5.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $328 | 4.42% |
| OCALA, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $4,952 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,689 | 4.63% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $338 | 5.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,229 | 3.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,847 | 4.63% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,191 | 4.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,834 | 4.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,468 | 4.38% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,950 | 5.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,186 | 3.63% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,433 | 4.88% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,480 | 4.13% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,893 | 5.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,420 | 6.18% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,890 | 4.50% |
| READING, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,443 | 4.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,101 | 4.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,135 | 5.38% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,977 | 4.50% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.25% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $492 | 5.19% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,408 | 3.13% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,947 | 4.38% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.99% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,891 | 4.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,396 | 4.63% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.87% |
| HARRISONBURG, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,387 | 3.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,771 | 4.13% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,283 | 4.63% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,974 | 4.38% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $968 | 6.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,348 | 3.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,592 | 3.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $2,307 | 4.83% |
| SALEM, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,166 | 4.88% |
| Las Vegas, NM (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,966 | 4.13% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $965 | 5.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $320 | 5.69% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,615 | 4.13% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,247 | 3.88% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,883 | 4.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $300 | 6.38% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,137 | 4.00% |
| BEND, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,284 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,778 | 3.13% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,028 | 4.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| FLINT, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $300 | 4.88% |
| Shelton, WA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.75% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $315 | 6.38% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $745 | 5.50% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.75% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $143 | 5.00% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $845 | 5.75% |
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 | 1,178 | $294,080,000 | $249,643 | $2,711 | 4.69% |
| HELOC | 492 | $47,160,000 | $95,854 | n/a | 4.82% |
| VA | 21 | $7,855,000 | $374,048 | $12,576 | 4.49% |
For 2018, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 1,178 originations. Their 2nd most popular type was HELOC, with 492 originations.
Loan Reason
For 2018, Northwest Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 1,021 originations. The 2nd most popular reason was Home Purchase, with 549 originations.
Loan Duration/Length
For 2018, Northwest Federal Credit Union's most frequently cited loan duration was 15 Year, with 801 originations. The 2nd most popular length was 30 Year, with 646 originations.
Origination Fees/Closing Costs
Northwest Federal Credit Union's average total fees were $4,161, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 965 originations.
Interest Rates
During 2018, Northwest Federal Credit Union's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 4-5%, with 1,012 originations.
Loan Sizing
2018 saw Northwest Federal Credit Union place emphasis on $100,000 or less loans with 665 originations, totaling $33,465,000 in origination value.
Applicant Income
Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 528 originations. The second most popular income band? $100k-150k, with 496 originations.
Applicant Debt to Income Ratio
Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 403 originations. The next most common DTI ratio? 30-36%, with 325 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.46%
Northwest Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination70.31%
Northwest Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,691 | $349,095,000 | $206,443 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $580,000 | $145,000 |
| Single Family (1-4 Units):Site-Built | 1,687 | $348,515,000 | $206,589 |