Northwest Federal Credit Union Mortgage Rates, Fees & Info

Herndon, VA

LEI: 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 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.

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% 3/28/24
30 Year Conventional Purchase 6.31% 3/28/24
30 Year Conventional Refi 6.11% 3/28/24
30 Year Cash-out Refi 6.35% 3/28/24
30 Year VA Purchase 6.64% 3/28/24
15 Year Conventional Purchase 5.91% 3/28/24
15 Year Conventional Refi 5.65% 3/28/24
15 Year Cash-out Refi 5.65% 3/28/24
15 Year VA Purchase 5.77% 3/28/24
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

1,691

Origination Dollar Volume (All Markets)

$349,095,000
Show all (6) awards

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%
Northwest Federal Credit Union's top markets include Washington, Raleigh, Baltimore, Orlando, and New York among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • 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.

    UNITED
    Similarity Rank: 28
    APL
    Similarity Rank: 32
    ABNB Federal Credit Union
    Similarity Rank: 40
    McCoy Federal Credit Union
    Similarity Rank: 60
    Liberty Bank for Savings
    Similarity Rank: 104
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 126

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,021 $129,565,000 $126,900 $1,733 4.92%
    Home Purchase 549 $189,535,000 $345,237 $4,065 4.47%
    Refi 113 $29,435,000 $260,487 $3,087 4.24%
    Home Improvement 8 $560,000 $70,000 $304 4.86%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 801 $88,195,000 $110,106 $1,727 4.93%
    30 Year 646 $239,090,000 $370,108 $4,161 4.41%
    10 Year 116 $8,320,000 $71,724 $666 4.99%
    5 Year 53 $2,015,000 $38,019 $281 5.02%
    20 Year 40 $9,890,000 $247,250 $3,196 4.40%
    Other 35 $1,585,000 $45,286 $237 5.03%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 965 $221,245,000 $229,269
    $1k-2k 84 $22,130,000 $263,452
    $2k-3k 60 $19,880,000 $331,333
    $5k+ 43 $21,795,000 $506,860
    $3k-4k 28 $9,280,000 $331,429
    $4k-5k 19 $7,605,000 $400,263

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 1,012 $233,560,000 $230,791
    3-4% 339 $87,435,000 $257,920
    5-6% 175 $16,305,000 $93,171
    6-7% 110 $5,950,000 $54,091
    7-8% 44 $2,580,000 $58,636
    2.5-3% 11 $3,265,000 $296,818

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 665 $33,465,000 $50,323 $600 5.20%
    $200k-400k 411 $118,455,000 $288,212 $3,822 4.38%
    $100k-200k 346 $47,860,000 $138,324 $2,478 4.55%
    $400k-600k 194 $94,510,000 $487,165 $4,828 4.32%
    $600k-1MM 71 $50,155,000 $706,408 $5,837 4.29%
    $1MM+ 4 $4,650,000 $1,162,500 $6,914 4.13%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 528 $123,590,000 $234,072 $2,974 4.72%
    $100k-150k 496 $94,250,000 $190,020 $2,823 4.75%
    $75k-100k 221 $35,955,000 $162,692 $2,732 4.78%
    $250k+ 194 $64,580,000 $332,887 $3,528 4.64%
    $50k-75k 172 $24,190,000 $140,640 $2,576 4.75%
    $50k or less 80 $6,530,000 $81,625 $2,169 4.58%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 403 $80,235,000 $199,094 $2,695 4.65%
    30-36% 325 $71,855,000 $221,092 $3,064 4.61%
    42% 142 $24,810,000 $174,718 $2,548 5.09%
    <20% 138 $28,020,000 $203,043 $2,893 4.49%
    41% 86 $15,360,000 $178,605 $2,075 5.06%
    40% 77 $17,575,000 $228,247 $2,468 4.76%
    38% 74 $14,240,000 $192,432 $2,127 4.99%
    37% 69 $13,235,000 $191,812 $3,196 4.78%
    39% 66 $12,400,000 $187,879 $2,361 4.86%
    36% 57 $13,415,000 $235,351 $3,186 4.70%
    44% 50 $11,610,000 $232,200 $4,402 4.75%
    43% 47 $7,905,000 $168,191 $3,389 4.73%
    47% 34 $8,880,000 $261,176 $3,002 4.66%
    45% 29 $6,815,000 $235,000 $3,934 4.61%
    49% 28 $6,870,000 $245,357 $2,999 4.71%
    46% 28 $6,380,000 $227,857 $3,771 4.60%
    48% 20 $5,370,000 $268,500 $3,441 4.49%
    50-60% 15 $3,955,000 $263,667 $7,357 4.67%
    >60% 2 $110,000 $55,000 $295 5.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,193 $238,285,000 $199,736 $2,852 4.71%
    Not provided 213 $49,435,000 $232,089 $3,153 4.68%
    Black 140 $26,310,000 $187,929 $2,812 4.92%
    Asian 98 $23,520,000 $240,000 $2,673 4.73%
    Asian Indian 20 $6,480,000 $324,000 $4,155 4.16%
    American Indian 14 $2,280,000 $162,857 $1,808 5.57%
    Other Asian 5 $1,535,000 $307,000 $3,504 4.50%
    Chinese 2 $500,000 $250,000 $3,601 4.31%
    Native Hawaiian or Islander 3 $305,000 $101,667 $383 5.50%
    Vietnamese 1 $215,000 $215,000 $0 4.75%
    Filipino 1 $205,000 $205,000 $252 5.00%
    Not applicable 1 $25,000 $25,000 $0 4.00%

    Approval Rates

    Total approvals of all applications
    87.46%

    Northwest Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.31%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 279 $38,875,000 $139,337 $1,741 4.71%
    40-60% 105 $25,335,000 $241,286 $3,308 4.25%
    60-80% 308 $109,820,000 $356,558 $3,967 4.26%
    80-100% 363 $134,685,000 $371,033 $4,032 4.48%
    Over 100% 11 $4,275,000 $388,636 $15,401 4.53%
    Under 20% 625 $36,105,000 $57,768 $373 5.19%