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

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    • Review & Overview

    Northwest Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. Northwest Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Raleigh, Durham, Baltimore, and Orlando among others. We have data for 184 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% 4/14/24
    30 Year Conventional Purchase 6.31% 4/14/24
    30 Year Conventional Refi 6.11% 4/14/24
    30 Year Cash-out Refi 6.35% 4/14/24
    30 Year VA Purchase 6.64% 4/14/24
    15 Year Conventional Purchase 5.91% 4/14/24
    15 Year Conventional Refi 5.65% 4/14/24
    15 Year Cash-out Refi 5.65% 4/14/24
    15 Year VA Purchase 5.77% 4/14/24
    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

    2,095

    Origination Dollar Volume (All Markets)

    $466,785,000
    Show all (20) 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) 1,240 $285,050,000 $229,879 $2,734 4.60%
    RALEIGH-CARY, NC (FHA|USDA|VA) 73 $18,515,000 $253,630 $3,470 4.33%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 40 $9,210,000 $230,250 $3,275 4.26%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 34 $7,600,000 $223,529 $2,531 4.67%
    Outside of Metro Areas 33 $6,945,000 $210,455 $3,205 3.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 38 $5,730,000 $150,789 $2,932 4.84%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 33 $5,635,000 $170,758 $2,823 4.86%
    RICHMOND, VA (FHA|USDA|VA) 23 $5,245,000 $228,043 $2,830 4.22%
    SALISBURY, MD-DE (FHA|USDA|VA) 20 $5,200,000 $260,000 $3,308 4.06%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 26 $4,930,000 $189,615 $2,022 4.50%
    WINCHESTER, VA-WV (FHA|USDA|VA) 26 $4,850,000 $186,538 $2,194 4.48%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 23 $4,625,000 $201,087 $3,363 4.38%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 19 $4,415,000 $232,368 $3,007 3.90%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $3,995,000 $307,308 $2,646 4.36%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $3,595,000 $189,211 $1,822 4.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 12 $2,980,000 $248,333 $2,453 4.15%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $2,955,000 $173,824 $2,534 4.08%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $2,950,000 $184,375 $3,914 4.22%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $2,760,000 $276,000 $3,431 3.94%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $2,655,000 $177,000 $3,359 4.10%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 11 $2,635,000 $239,545 $5,559 4.91%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $2,590,000 $259,000 $1,979 5.29%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $2,420,000 $172,857 $2,315 4.78%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 7 $2,215,000 $316,429 $4,065 3.77%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,595,000 $227,857 $2,363 4.02%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 5 $1,505,000 $301,000 $4,084 3.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $1,400,000 $233,333 $2,154 4.40%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $1,320,000 $220,000 $3,313 4.87%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,315,000 $263,000 $4,850 3.83%
    STOCKTON, CA (FHA|USDA|VA) 2 $1,310,000 $655,000 $4,203 4.44%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,290,000 $215,000 $4,177 3.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 11 $1,225,000 $111,364 $2,506 4.59%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,135,000 $227,000 $3,414 4.03%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,130,000 $188,333 $2,335 4.79%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 3 $1,095,000 $365,000 $2,523 3.79%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $1,090,000 $272,500 $2,311 4.69%
    WILMINGTON, NC (FHA|USDA|VA) 4 $1,070,000 $267,500 $3,129 3.75%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,070,000 $267,500 $2,389 4.81%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $3,135 4.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $990,000 $165,000 $1,907 4.75%
    TUCSON, AZ (FHA|USDA|VA) 2 $960,000 $480,000 $4,438 4.50%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $955,000 $955,000 $3,893 3.75%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $920,000 $230,000 $1,993 3.56%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $915,000 $305,000 $3,425 3.50%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $915,000 $305,000 $1,838 3.71%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $910,000 $227,500 $3,298 3.94%
    BOULDER, CO (FHA|USDA|VA) 2 $910,000 $455,000 $3,020 4.06%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $910,000 $227,500 $2,726 3.47%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $910,000 $455,000 $3,539 3.38%
    Bozeman, MT (FHA|USDA|VA) 3 $895,000 $298,333 $5,328 4.13%
    ROANOKE, VA (FHA|USDA|VA) 5 $885,000 $177,000 $2,795 3.78%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $855,000 $285,000 $3,243 4.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $845,000 $281,667 $2,842 3.75%
    ASHEVILLE, NC (FHA|USDA|VA) 5 $835,000 $167,000 $2,593 4.20%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $810,000 $405,000 $3,415 5.06%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $810,000 $202,500 $2,515 4.66%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $790,000 $395,000 $5,547 3.25%
    GREELEY, CO (FHA|USDA|VA) 2 $770,000 $385,000 $2,903 4.06%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $750,000 $187,500 $2,044 3.84%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $730,000 $365,000 $4,435 4.06%
    Durango, CO (FHA|USDA|VA) 1 $725,000 $725,000 $6,325 3.75%
    Heber, UT (FHA|USDA|VA) 1 $705,000 $705,000 $3,923 3.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $665,000 $133,000 $2,032 4.30%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $665,000 $665,000 $4,449 4.13%
    Key West, FL (FHA|USDA|VA) 1 $645,000 $645,000 $4,909 4.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $635,000 $211,667 $1,962 4.21%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $635,000 $211,667 $4,637 4.42%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $615,000 $205,000 $2,237 3.96%
    Hilo, HI (FHA|USDA|VA) 1 $555,000 $555,000 $3,102 3.75%
    COLUMBUS, OH (FHA|USDA|VA) 4 $550,000 $137,500 $2,442 4.41%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $550,000 $275,000 $3,681 3.56%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $535,000 $535,000 $2,515 3.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $520,000 $260,000 $3,877 3.50%
    SAVANNAH, GA (FHA|USDA|VA) 2 $510,000 $255,000 $3,283 3.25%
    London, KY (FHA|USDA|VA) 1 $495,000 $495,000 $3,279 4.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $480,000 $240,000 $1,780 4.38%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $475,000 $475,000 $3,112 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 5 $475,000 $95,000 $2,635 4.40%
    SALINAS, CA (FHA|USDA|VA) 1 $475,000 $475,000 $5,583 4.38%
    Morehead City, NC (FHA|USDA|VA) 3 $465,000 $155,000 $3,133 3.58%
    SALT LAKE CITY, UT (FHA|USDA|VA) 2 $460,000 $230,000 $1,559 5.25%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $445,000 $445,000 $3,355 2.88%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $440,000 $220,000 $2,935 4.31%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $435,000 $145,000 $2,257 4.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $425,000 $425,000 $4,541 3.88%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 3 $405,000 $135,000 $2,960 4.33%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $400,000 $200,000 $2,718 3.94%
    Clarksburg, WV (FHA|USDA|VA) 1 $395,000 $395,000 $3,170 3.63%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $390,000 $195,000 $2,061 5.06%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $355,000 $118,333 $3,342 4.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $355,000 $355,000 $2,319 3.75%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,604 4.00%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,016 3.75%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $340,000 $170,000 $3,389 4.56%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $320,000 $160,000 $2,546 4.50%
    READING, PA (FHA|USDA|VA) 3 $315,000 $105,000 $1,716 4.58%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $3,204 3.63%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $315,000 $315,000 $5,007 4.25%
    Seneca, SC (FHA|USDA|VA) 2 $310,000 $155,000 $1,932 4.69%
    ALBUQUERQUE, NM (FHA|USDA|VA) 3 $305,000 $101,667 $955 5.08%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $300,000 $150,000 $3,718 3.69%
    OCALA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,011 3.63%
    MODESTO, CA (FHA|USDA|VA) 1 $275,000 $275,000 $3,505 3.25%
    Fitzgerald, GA (FHA|USDA|VA) 1 $275,000 $275,000 $4,519 4.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $270,000 $135,000 $2,377 4.06%
    Oxford, MS (FHA|USDA|VA) 1 $265,000 $265,000 $3,397 4.50%
    COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $2,496 3.50%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $260,000 $130,000 $1,414 4.13%
    Georgetown, SC (FHA|USDA|VA) 2 $240,000 $120,000 $2,105 4.38%
    Cambridge, MD (FHA|USDA|VA) 1 $235,000 $235,000 $2,612 4.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,608 3.75%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $230,000 $115,000 $2,146 4.44%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,641 4.38%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $220,000 $110,000 $2,803 4.13%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,657 3.50%
    Keene, NH (FHA|USDA|VA) 1 $205,000 $205,000 $2,499 4.00%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,326 3.50%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $205,000 $68,333 $1,870 4.92%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $200,000 $100,000 $2,391 4.93%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $195,000 $195,000 $2,689 4.13%
    NEW BERN, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,889 3.88%
    LAREDO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $9,241 4.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $195,000 $195,000 $2,617 3.00%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $195,000 $195,000 $2,777 3.63%
    SALEM, OR (FHA|USDA|VA) 1 $185,000 $185,000 $0 5.00%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $185,000 $185,000 $1,733 3.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,098 3.00%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $175,000 $175,000 $2,530 3.50%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $170,000 $85,000 $1,965 3.25%
    KANKAKEE, IL (FHA|USDA|VA) 2 $170,000 $85,000 $1,164 5.63%
    Danville, VA (FHA|USDA|VA) 1 $165,000 $165,000 $2,284 3.63%
    New Castle, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,634 5.13%
    Boone, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $145,000 $145,000 $1,602 3.63%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $140,000 $70,000 $2,678 4.63%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,542 3.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $135,000 $135,000 $2,007 3.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $125,000 $125,000 $2,487 3.75%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
    ROCHESTER, NY (FHA|USDA|VA) 1 $125,000 $125,000 $348 5.75%
    PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 1 $125,000 $125,000 $2,631 4.63%
    Sanford, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,504 3.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $120,000 $60,000 $1,258 5.31%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $115,000 $115,000 $3,411 3.75%
    TYLER, TX (FHA|USDA|VA) 1 $115,000 $115,000 $2,841 3.50%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.00%
    ROCKY MOUNT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,299 3.75%
    LAFAYETTE, LA (FHA|USDA|VA) 1 $115,000 $115,000 $2,573 3.38%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $115,000 $115,000 $2,063 3.75%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Brevard, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.00%
    Washington, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,279 4.50%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,910 3.75%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,645 3.00%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $105,000 $105,000 $3,189 4.50%
    JACKSON, MS (FHA|USDA|VA) 2 $100,000 $50,000 $2,743 4.81%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $95,000 $95,000 $2,640 3.63%
    Red Wing, MN (FHA|USDA|VA) 1 $95,000 $95,000 $1,936 3.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
    Ottawa, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,983 3.63%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
    Cookeville, TN (FHA|USDA|VA) 2 $70,000 $35,000 $315 7.12%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $65,000 $65,000 $1,860 3.75%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $65,000 $65,000 $2,453 4.50%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $55,000 $55,000 $1,077 5.50%
    DOTHAN, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    RENO, NV (FHA|USDA|VA) 1 $55,000 $55,000 $292 6.00%
    Shelton, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    ALTOONA, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $45,000 $45,000 $800 6.88%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $35,000 $35,000 $312 5.63%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $35,000 $35,000 $315 5.88%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $35,000 $35,000 $365 4.75%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $25,000 $25,000 $342 5.00%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $25,000 $25,000 $1,380 6.50%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.24%
    TULSA, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.74%
    Northwest Federal Credit Union's top markets include Washington, Raleigh, Durham, Baltimore, and Orlando among others.

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

    ABNB Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,577 $412,685,000 $261,690 $2,698 4.25%
    HELOC 492 $44,840,000 $91,138 n/a 5.32%
    VA 26 $9,260,000 $356,154 $9,933 3.91%

    For 2019, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 1,577 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 876 $130,090,000 $148,505 $1,950 4.98%
    Home Purchase 598 $190,310,000 $318,244 $3,709 4.04%
    Refi 342 $110,260,000 $322,398 $3,131 3.58%
    Home Improvement 279 $36,125,000 $129,480 $1,663 5.08%

    For 2019, Northwest Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 876 originations. The 2nd most popular reason was Home Purchase, with 598 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 948 $329,020,000 $347,068 $3,717 3.89%
    15 Year 864 $112,480,000 $130,185 $1,980 4.92%
    10 Year 106 $8,420,000 $79,434 $838 5.16%
    20 Year 89 $12,185,000 $136,910 $1,421 5.39%
    5 Year 58 $2,500,000 $43,103 $314 5.14%
    Other 30 $2,180,000 $72,667 $398 5.29%

    For 2019, Northwest Federal Credit Union's most frequently cited loan duration was 30 Year, with 948 originations. The 2nd most popular length was 15 Year, with 864 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,153 $266,025,000 $230,724
    $1k-2k 300 $93,940,000 $313,133
    $2k-3k 86 $34,160,000 $397,209
    $3k-4k 37 $14,435,000 $390,135
    $5k+ 14 $8,030,000 $573,571
    $4k-5k 13 $5,355,000 $411,923

    Northwest Federal Credit Union's average total fees were $3,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 823 $146,725,000 $178,281
    3-4% 763 $256,805,000 $336,573
    5-6% 206 $14,530,000 $70,534
    2.5-3% 123 $36,485,000 $296,626
    6-7% 95 $5,875,000 $61,842
    7-8% 80 $5,350,000 $66,875
    Over 8% 3 $165,000 $55,000
    <2.5% 2 $850,000 $425,000

    During 2019, Northwest Federal Credit Union's average interest rate for loans was 3.89%, while their most frequently originated rate bucket for loans was 4-5%, with 823 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 702 $36,810,000 $52,436 $648 5.44%
    $200k-400k 633 $184,135,000 $290,893 $3,421 3.87%
    $100k-200k 418 $60,250,000 $144,139 $2,498 4.43%
    $400k-600k 255 $122,435,000 $480,137 $4,376 3.78%
    $600k-1MM 83 $58,755,000 $707,892 $4,637 3.88%
    $1MM+ 4 $4,400,000 $1,100,000 $7,572 3.41%

    2019 saw Northwest Federal Credit Union place emphasis on $100,000 or less loans with 702 originations, totaling $36,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 690 $169,200,000 $245,217 $2,825 4.52%
    $100k-150k 600 $126,900,000 $211,500 $2,769 4.52%
    $75k-100k 256 $44,960,000 $175,625 $2,698 4.49%
    $250k+ 227 $76,475,000 $336,894 $3,212 4.46%
    $50k-75k 190 $28,890,000 $152,053 $2,659 4.40%
    $50k or less 81 $8,495,000 $104,877 $2,569 4.35%

    Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 690 originations. The second most popular income band? $100k-150k, with 600 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 547 $126,985,000 $232,148 $2,890 4.30%
    30-36% 422 $96,890,000 $229,597 $2,820 4.50%
    <20% 215 $47,095,000 $219,047 $3,024 4.09%
    42% 114 $18,030,000 $158,158 $1,686 4.97%
    41% 109 $20,135,000 $184,725 $2,070 5.09%
    39% 100 $20,830,000 $208,300 $2,458 4.75%
    40% 80 $18,870,000 $235,875 $2,749 4.68%
    37% 77 $19,485,000 $253,052 $3,021 4.49%
    36% 74 $14,290,000 $193,108 $2,419 4.82%
    38% 73 $16,255,000 $222,671 $2,740 4.94%
    43% 68 $15,820,000 $232,647 $3,011 4.45%
    47% 47 $12,935,000 $275,213 $3,239 4.25%
    44% 43 $9,885,000 $229,884 $2,949 4.43%
    45% 34 $8,020,000 $235,882 $3,374 4.56%
    48% 32 $7,730,000 $241,563 $5,409 4.26%
    46% 31 $7,505,000 $242,097 $3,043 4.53%
    49% 20 $4,690,000 $234,500 $4,142 4.59%
    50-60% 7 $1,185,000 $169,286 $4,950 4.68%
    >60% 2 $150,000 $75,000 $0 5.00%

    Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 547 originations. The next most common DTI ratio? 30-36%, with 422 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,421 $308,535,000 $217,125 $2,772 4.50%
    Not provided 304 $69,050,000 $227,138 $2,854 4.50%
    Asian 155 $42,385,000 $273,452 $3,111 4.26%
    Black 183 $39,895,000 $218,005 $2,826 4.66%
    Asian Indian 16 $4,830,000 $301,875 $3,834 3.48%
    American Indian 11 $1,055,000 $95,909 $1,374 5.27%
    Other Pacific Islander 4 $1,010,000 $252,500 $1,850 5.00%
    Not applicable 1 $25,000 $25,000 $192 5.63%

    Approval Rates

    Total approvals of all applications
    87.07%

    Northwest Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.98%

    Northwest Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,095 $466,785,000 $222,809

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $535,000 $107,000
    Single Family (1-4 Units):Site-Built 2,090 $466,250,000 $223,086

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 250 $36,270,000 $145,080 $1,660 4.84%
    40-60% 220 $57,980,000 $263,545 $3,110 3.84%
    60-80% 509 $175,445,000 $344,686 $3,487 3.77%
    80-100% 448 $157,220,000 $350,938 $3,933 3.98%
    Over 100% 4 $1,550,000 $387,500 $14,489 3.75%
    Under 20% 664 $38,320,000 $57,711 $435 5.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%