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 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, Charlotte, and Richmond among others. We have data for 194 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% 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

    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

    2,804

    Origination Dollar Volume (All Markets)

    $800,390,000
    Show all (7) 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) 1,790 $543,050,000 $303,380 $3,331 3.56%
    RALEIGH-CARY, NC (FHA|USDA|VA) 60 $16,030,000 $267,167 $3,080 3.42%
    Outside of Metro Areas 65 $15,025,000 $231,154 $3,584 3.35%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 49 $12,795,000 $261,122 $3,225 3.52%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 31 $9,865,000 $318,226 $3,498 3.55%
    RICHMOND, VA (FHA|USDA|VA) 30 $8,930,000 $297,667 $3,060 3.52%
    WINCHESTER, VA-WV (FHA|USDA|VA) 39 $8,535,000 $218,846 $2,898 3.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 37 $8,195,000 $221,486 $3,585 3.74%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 18 $7,490,000 $416,111 $3,091 3.32%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 33 $7,485,000 $226,818 $4,165 3.48%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 25 $7,265,000 $290,600 $3,360 3.27%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 28 $7,200,000 $257,143 $3,163 3.30%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 30 $6,200,000 $206,667 $3,103 3.60%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 22 $4,970,000 $225,909 $3,742 3.49%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $4,540,000 $378,333 $3,374 4.45%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 12 $4,430,000 $369,167 $4,092 2.93%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 22 $4,330,000 $196,818 $3,162 3.67%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $4,070,000 $290,714 $3,891 3.48%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 15 $3,995,000 $266,333 $3,059 3.67%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 13 $3,755,000 $288,846 $3,113 3.26%
    SALISBURY, MD-DE (FHA|USDA|VA) 9 $3,345,000 $371,667 $4,031 3.07%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $3,190,000 $265,833 $2,700 3.23%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $2,965,000 $228,077 $2,790 3.96%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $2,950,000 $295,000 $4,817 3.84%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 14 $2,790,000 $199,286 $2,974 3.20%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 7 $2,765,000 $395,000 $6,762 3.71%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $2,630,000 $657,500 $4,858 3.03%
    WILMINGTON, NC (FHA|USDA|VA) 9 $2,595,000 $288,333 $3,095 3.15%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $2,570,000 $642,500 $8,256 3.22%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 9 $2,275,000 $252,778 $3,450 3.49%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,255,000 $322,143 $4,038 2.86%
    JACKSONVILLE, FL (FHA|USDA|VA) 12 $2,050,000 $170,833 $2,898 3.53%
    TUCSON, AZ (FHA|USDA|VA) 6 $2,050,000 $341,667 $3,663 3.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 11 $2,035,000 $185,000 $3,275 3.56%
    ASHEVILLE, NC (FHA|USDA|VA) 7 $1,805,000 $257,857 $2,675 3.48%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 9 $1,715,000 $190,556 $2,509 3.24%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $1,715,000 $245,000 $3,286 3.41%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,600,000 $266,667 $2,066 3.23%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 6 $1,580,000 $263,333 $3,500 3.54%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,550,000 $775,000 $5,042 3.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,490,000 $745,000 $4,826 4.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $1,430,000 $715,000 $4,908 4.50%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 8 $1,330,000 $166,250 $2,449 3.73%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $3,324 3.31%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,230,000 $615,000 $4,863 3.13%
    BOULDER, CO (FHA|USDA|VA) 2 $1,210,000 $605,000 $6,124 2.88%
    ROANOKE, VA (FHA|USDA|VA) 5 $1,205,000 $241,000 $2,627 3.05%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $1,200,000 $150,000 $3,036 3.94%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,185,000 $237,000 $3,106 3.95%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,318 3.29%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,170,000 $195,000 $4,842 3.38%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,095,000 $365,000 $2,853 3.08%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $1,070,000 $178,333 $2,108 3.63%
    Kill Devil Hills, NC (FHA|USDA|VA) 5 $1,055,000 $211,000 $2,671 3.70%
    SAVANNAH, GA (FHA|USDA|VA) 4 $1,030,000 $257,500 $2,717 3.13%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 7 $1,015,000 $145,000 $2,204 4.30%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $960,000 $480,000 $3,638 3.06%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $950,000 $237,500 $2,457 3.87%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 5 $945,000 $189,000 $3,044 3.45%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $930,000 $232,500 $3,697 2.72%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $920,000 $230,000 $2,542 2.97%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $840,000 $210,000 $3,348 2.91%
    BOISE CITY, ID (FHA|USDA|VA) 2 $810,000 $405,000 $3,336 3.13%
    WINSTON-SALEM, NC (FHA|USDA|VA) 4 $810,000 $202,500 $3,426 2.88%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 6 $770,000 $128,333 $1,985 3.17%
    SANTA FE, NM (FHA|USDA|VA) 2 $770,000 $385,000 $4,554 3.81%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $765,000 $255,000 $5,334 3.38%
    Lebanon, NH-VT (FHA|USDA|VA) 3 $745,000 $248,333 $2,378 3.54%
    HUNTSVILLE, AL (FHA|USDA|VA) 3 $735,000 $245,000 $2,540 3.08%
    STAUNTON, VA (FHA|USDA|VA) 2 $730,000 $365,000 $3,150 3.19%
    PROVO-OREM, UT (FHA|USDA|VA) 2 $720,000 $360,000 $2,020 3.19%
    Danville, VA (FHA|USDA|VA) 1 $715,000 $715,000 $4,109 3.38%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $705,000 $235,000 $3,801 3.21%
    RENO, NV (FHA|USDA|VA) 2 $660,000 $330,000 $3,360 2.94%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $650,000 $325,000 $6,080 5.62%
    HARRISONBURG, VA (FHA|USDA|VA) 4 $650,000 $162,500 $2,893 3.31%
    DOVER, DE (FHA|USDA|VA) 2 $640,000 $320,000 $3,429 2.25%
    COLUMBUS, OH (FHA|USDA|VA) 3 $615,000 $205,000 $2,823 3.33%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $580,000 $290,000 $3,833 3.31%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $565,000 $565,000 $2,830 3.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $560,000 $280,000 $2,735 2.81%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $560,000 $280,000 $3,052 3.13%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $560,000 $140,000 $3,343 3.34%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $550,000 $275,000 $3,118 2.75%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $530,000 $265,000 $3,015 3.00%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $525,000 $175,000 $3,121 3.71%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $520,000 $260,000 $3,176 3.50%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $505,000 $505,000 $3,489 2.88%
    Bozeman, MT (FHA|USDA|VA) 1 $505,000 $505,000 $8,571 2.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $460,000 $230,000 $1,927 4.69%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $460,000 $230,000 $4,017 3.63%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $460,000 $230,000 $2,841 3.19%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $455,000 $455,000 $3,945 3.00%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $455,000 $455,000 $3,303 3.50%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $450,000 $225,000 $3,701 4.31%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $450,000 $225,000 $2,228 3.19%
    SPRINGFIELD, MA (FHA|USDA|VA) 2 $450,000 $225,000 $5,590 3.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $410,000 $205,000 $2,948 3.75%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $410,000 $205,000 $5,531 3.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $405,000 $405,000 $2,591 2.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $400,000 $200,000 $923 4.25%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $395,000 $131,667 $1,926 4.29%
    Easton, MD (FHA|USDA|VA) 1 $385,000 $385,000 $3,108 3.63%
    Huntingdon, PA (FHA|USDA|VA) 1 $385,000 $385,000 $5,210 3.00%
    Prineville, OR (FHA|USDA|VA) 1 $385,000 $385,000 $4,230 2.88%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $375,000 $375,000 $3,088 3.25%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $375,000 $375,000 $1,562 2.88%
    FORT COLLINS, CO (FHA|USDA|VA) 3 $365,000 $121,667 $2,160 3.87%
    JACKSONVILLE, NC (FHA|USDA|VA) 2 $360,000 $180,000 $2,917 5.00%
    Sanford, NC (FHA|USDA|VA) 1 $355,000 $355,000 $13,008 3.50%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $355,000 $118,333 $2,350 3.42%
    LANCASTER, PA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.99%
    Cullowhee, NC (FHA|USDA|VA) 1 $345,000 $345,000 $2,850 3.25%
    Boone, NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,499 2.88%
    Statesboro, GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,547 3.63%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $345,000 $345,000 $5,230 2.63%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $345,000 $345,000 $10,980 3.00%
    Marinette, WI-MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,305 2.88%
    Forest City, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,409 2.63%
    Morehead City, NC (FHA|USDA|VA) 1 $315,000 $315,000 $2,611 3.38%
    MUNCIE, IN (FHA|USDA|VA) 1 $315,000 $315,000 $2,732 3.00%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 3 $315,000 $105,000 $2,140 3.58%
    Sandusky, OH (FHA|USDA|VA) 2 $310,000 $155,000 $3,542 3.19%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 3 $305,000 $101,667 $3,997 3.58%
    Jefferson, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,902 3.38%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $295,000 $295,000 $3,678 3.25%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $295,000 $98,333 $3,895 5.04%
    Heber, UT (FHA|USDA|VA) 1 $285,000 $285,000 $2,998 3.13%
    GREENVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $3,766 3.13%
    Elizabeth City, NC (FHA|USDA|VA) 1 $285,000 $285,000 $5,251 2.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $280,000 $140,000 $2,616 3.00%
    Seymour, IN (FHA|USDA|VA) 1 $275,000 $275,000 $4,882 2.75%
    ERIE, PA (FHA|USDA|VA) 1 $265,000 $265,000 $3,759 3.25%
    GREELEY, CO (FHA|USDA|VA) 2 $260,000 $130,000 $2,697 3.68%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,525 4.38%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $255,000 $255,000 $3,290 3.00%
    FRESNO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $1,490 3.25%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $245,000 $245,000 $2,572 2.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $245,000 $245,000 $2,626 3.50%
    LEBANON, PA (FHA|USDA|VA) 1 $225,000 $225,000 $4,623 3.25%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $225,000 $225,000 $3,105 3.88%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $225,000 $225,000 $3,275 2.75%
    TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,486 3.75%
    Centralia, WA (FHA|USDA|VA) 1 $225,000 $225,000 $2,532 3.63%
    Celina, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,495 2.88%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $210,000 $105,000 $2,313 2.88%
    Roanoke Rapids, NC (FHA|USDA|VA) 4 $210,000 $52,500 $2,669 3.59%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $205,000 $205,000 $2,816 3.50%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.25%
    Opelousas, LA (FHA|USDA|VA) 1 $195,000 $195,000 $3,284 3.00%
    BECKLEY, WV (FHA|USDA|VA) 1 $175,000 $175,000 $8,321 3.13%
    Adrian, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,901 2.63%
    MOBILE, AL (FHA|USDA|VA) 3 $165,000 $55,000 $1,145 4.79%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,555 3.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $1,975 3.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $2,626 3.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,352 2.88%
    Washington, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,260 3.63%
    Enterprise, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,168 3.38%
    SALEM, OR (FHA|USDA|VA) 1 $145,000 $145,000 $2,110 3.25%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,423 2.50%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,169 3.63%
    Farmington, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,768 3.38%
    DANVILLE, IL (FHA|USDA|VA) 1 $125,000 $125,000 $3,294 3.38%
    STOCKTON, CA (FHA|USDA|VA) 1 $115,000 $115,000 $317 5.75%
    Pottsville, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,178 4.13%
    Big Rapids, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,083 3.13%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $1,810 2.75%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $95,000 $95,000 $1,799 2.88%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $95,000 $95,000 $3,972 2.88%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $95,000 $95,000 $1,888 3.38%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,229 2.88%
    Edwards, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.25%
    Rockport, TX (FHA|USDA|VA) 1 $75,000 $75,000 $1,796 3.25%
    CLEVELAND, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,630 3.13%
    Warsaw, IN (FHA|USDA|VA) 1 $65,000 $65,000 $1,710 2.63%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $65,000 $65,000 $2,971 3.38%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.99%
    NAPA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
    London, KY (FHA|USDA|VA) 1 $55,000 $55,000 $2,098 3.00%
    Hilo, HI (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.49%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $3,055 2.38%
    ROCHESTER, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
    Corning, NY (FHA|USDA|VA) 1 $55,000 $55,000 $3,007 3.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $45,000 $45,000 $647 5.00%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $45,000 $45,000 $303 5.50%
    Traverse City, MI (FHA|USDA|VA) 1 $45,000 $45,000 $2,206 4.25%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
    Fort Polk South, LA (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $25,000 $25,000 $337 5.00%
    SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.25%
    OCALA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $742 4.88%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $25,000 $25,000 $309 5.75%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $25,000 $25,000 $2,220 2.38%
    Northwest Federal Credit Union's top markets include Washington, Raleigh, Baltimore, Charlotte, and Richmond among others.

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

    BEACH MUNICIPAL FEDERAL CREDIT UNION
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    We Florida Financial
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,365 $750,965,000 $317,533 $3,249 3.37%
    HELOC 407 $38,365,000 $94,263 n/a 4.49%
    VA 32 $11,060,000 $345,625 $8,941 3.38%

    For 2020, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 2,365 originations. Their 2nd most popular type was HELOC, with 407 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,062 $344,580,000 $324,463 $3,232 3.10%
    Cash Out Refi 658 $155,380,000 $236,140 $3,038 3.97%
    Home Purchase 550 $192,860,000 $350,655 $4,107 3.28%
    Home Improvement 534 $107,570,000 $201,442 $2,741 4.13%

    For 2020, Northwest Federal Credit Union's most frequently cited loan purpose was Refi, with 1,062 originations. The 2nd most popular reason was Cash Out Refi, with 658 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,441 $539,965,000 $374,715 $3,833 3.26%
    15 Year 920 $168,570,000 $183,228 $2,949 3.76%
    20 Year 250 $64,250,000 $257,000 $2,479 3.78%
    10 Year 136 $20,800,000 $152,941 $1,753 3.95%
    Other 35 $5,385,000 $153,857 $1,276 4.56%
    5 Year 21 $885,000 $42,143 $390 4.89%
    30+ year 1 $535,000 $535,000 $12,416 4.25%

    For 2020, Northwest Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,441 originations. The 2nd most popular length was 15 Year, with 920 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,476 $427,770,000 $289,817
    $1k-2k 599 $191,365,000 $319,474
    $2k-3k 167 $68,195,000 $408,353
    $3k-4k 73 $31,165,000 $426,918
    $5k+ 47 $25,595,000 $544,574
    $4k-5k 35 $17,935,000 $512,429

    Northwest Federal Credit Union's average total fees were $3,833, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,476 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,497 $477,485,000 $318,961
    2.5-3% 824 $254,960,000 $309,417
    4-5% 229 $33,665,000 $147,009
    5-6% 109 $8,355,000 $76,651
    6-7% 68 $6,030,000 $88,676
    <2.5% 60 $18,940,000 $315,667
    7-8% 10 $540,000 $54,000
    Over 8% 7 $415,000 $59,286

    During 2020, Northwest Federal Credit Union's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 1,497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,100 $321,110,000 $291,918 $3,335 3.21%
    $100k-200k 549 $80,715,000 $147,022 $2,530 3.60%
    $400k-600k 505 $239,885,000 $475,020 $4,134 3.20%
    $100,000 or less 474 $26,250,000 $55,380 $1,123 4.65%
    $600k-1MM 161 $114,325,000 $710,093 $5,503 3.33%
    $1MM+ 15 $18,105,000 $1,207,000 $8,087 3.22%

    2020 saw Northwest Federal Credit Union place emphasis on $200k-400k loans with 1,100 originations, totaling $321,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 922 $287,700,000 $312,039 $3,398 3.56%
    $100k-150k 757 $190,765,000 $252,001 $3,151 3.56%
    $250k+ 416 $178,240,000 $428,462 $3,988 3.53%
    $75k-100k 334 $72,860,000 $218,144 $3,125 3.53%
    $50k-75k 223 $38,305,000 $171,771 $2,916 3.48%
    $50k or less 84 $11,280,000 $134,286 $2,763 3.37%

    Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 922 originations. The second most popular income band? $100k-150k, with 757 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 878 $269,840,000 $307,335 $3,389 3.37%
    30-36% 525 $151,955,000 $289,438 $3,250 3.63%
    <20% 441 $127,985,000 $290,215 $3,063 3.24%
    42% 120 $26,990,000 $224,917 $2,834 4.29%
    39% 97 $28,045,000 $289,124 $3,517 3.65%
    37% 96 $26,740,000 $278,542 $3,488 3.61%
    41% 95 $26,795,000 $282,053 $3,688 3.84%
    38% 86 $23,820,000 $276,977 $3,473 3.80%
    36% 86 $24,580,000 $285,814 $2,984 3.63%
    40% 85 $21,015,000 $247,235 $3,381 4.01%
    44% 60 $14,860,000 $247,667 $4,050 3.74%
    43% 59 $14,315,000 $242,627 $3,534 3.54%
    45% 47 $11,675,000 $248,404 $3,577 3.47%
    48% 37 $9,725,000 $262,838 $3,636 3.32%
    46% 36 $8,900,000 $247,222 $3,671 3.82%
    47% 24 $6,930,000 $288,750 $3,562 3.40%
    49% 17 $3,735,000 $219,706 $3,233 3.32%
    50-60% 13 $1,695,000 $130,385 $5,055 4.44%
    >60% 2 $790,000 $395,000 $5,142 3.13%

    Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 878 originations. The next most common DTI ratio? 30-36%, with 525 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,850 $519,220,000 $280,659 $3,308 3.53%
    Not provided 478 $141,740,000 $296,527 $3,344 3.55%
    Black 257 $66,725,000 $259,630 $3,424 3.63%
    Asian 130 $44,690,000 $343,769 $3,317 3.45%
    Asian Indian 41 $11,905,000 $290,366 $3,233 3.49%
    American Indian 17 $4,775,000 $280,882 $3,144 3.48%
    Other Asian 10 $4,110,000 $411,000 $3,680 3.34%
    Korean 10 $3,860,000 $386,000 $3,718 3.09%
    Vietnamese 4 $1,410,000 $352,500 $3,129 3.22%
    Chinese 3 $795,000 $265,000 $5,263 4.33%
    Filipino 1 $575,000 $575,000 $4,509 3.25%
    Japanese 2 $360,000 $180,000 $1,887 2.88%
    Native Hawaiian or Islander 1 $225,000 $225,000 $2,741 3.13%

    Approval Rates

    Total approvals of all applications
    87.75%

    Northwest Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.05%

    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 2,804 $800,390,000 $285,446

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $1,125,000 $125,000
    Single Family (1-4 Units):Site-Built 2,795 $799,265,000 $285,962

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 313 $54,945,000 $175,543 $2,300 3.78%
    40-60% 482 $133,730,000 $277,448 $3,146 3.05%
    60-80% 993 $366,885,000 $369,471 $3,625 3.21%
    80-100% 547 $211,355,000 $386,389 $4,082 3.34%
    Over 100% 5 $2,525,000 $505,000 $17,727 3.40%
    Under 20% 464 $30,950,000 $66,703 $691 4.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 1 50.0%