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, Miami, and Winchester among others. We have data for 172 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

    2,587

    Origination Dollar Volume (All Markets)

    $713,505,000
    Show all (23) 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) 1,630 $469,140,000 $287,816 $3,258 3.21%
    RALEIGH-CARY, NC (FHA|USDA|VA) 64 $19,140,000 $299,063 $3,085 2.93%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 45 $13,545,000 $301,000 $3,224 3.25%
    Outside of Metro Areas 53 $12,235,000 $230,849 $3,373 2.90%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 43 $9,875,000 $229,651 $4,206 3.10%
    WINCHESTER, VA-WV (FHA|USDA|VA) 37 $9,325,000 $252,027 $2,889 3.22%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 36 $8,490,000 $235,833 $3,775 3.05%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 30 $7,170,000 $239,000 $3,520 3.09%
    RICHMOND, VA (FHA|USDA|VA) 29 $6,885,000 $237,414 $3,009 2.99%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 31 $6,475,000 $208,871 $3,345 2.97%
    SALISBURY, MD-DE (FHA|USDA|VA) 17 $5,135,000 $302,059 $3,573 3.04%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 17 $5,105,000 $300,294 $3,075 2.74%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 20 $5,010,000 $250,500 $2,668 2.82%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 23 $4,965,000 $215,870 $2,268 3.09%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 16 $4,600,000 $287,500 $3,645 2.94%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 14 $4,160,000 $297,143 $3,863 2.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 16 $4,130,000 $258,125 $3,724 2.70%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 15 $4,055,000 $270,333 $2,875 3.42%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 15 $3,465,000 $231,000 $2,890 3.17%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 16 $3,290,000 $205,625 $3,794 3.07%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $3,160,000 $395,000 $3,450 3.14%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $3,025,000 $232,692 $3,115 3.20%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 14 $2,990,000 $213,571 $2,676 3.31%
    JACKSONVILLE, FL (FHA|USDA|VA) 11 $2,905,000 $264,091 $3,694 3.03%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,885,000 $412,143 $4,038 2.77%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $2,780,000 $347,500 $3,957 3.12%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,755,000 $551,000 $4,018 3.35%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 10 $2,670,000 $267,000 $2,238 2.96%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $2,615,000 $237,727 $3,475 3.26%
    ASHEVILLE, NC (FHA|USDA|VA) 10 $2,400,000 $240,000 $2,933 2.79%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $2,315,000 $257,222 $4,515 2.97%
    ROANOKE, VA (FHA|USDA|VA) 8 $2,300,000 $287,500 $2,993 3.25%
    WILMINGTON, NC (FHA|USDA|VA) 6 $2,280,000 $380,000 $5,248 3.31%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 16 $2,200,000 $137,500 $2,349 3.30%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,960,000 $490,000 $2,626 3.16%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $1,855,000 $371,000 $3,484 2.83%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,740,000 $435,000 $3,274 3.31%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 7 $1,725,000 $246,429 $3,090 3.23%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $1,665,000 $237,857 $3,299 2.89%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,610,000 $268,333 $3,357 2.90%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 5 $1,575,000 $315,000 $2,025 2.80%
    STAUNTON, VA (FHA|USDA|VA) 3 $1,465,000 $488,333 $3,897 3.08%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,465,000 $293,000 $2,438 2.88%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 7 $1,365,000 $195,000 $2,492 2.87%
    KNOXVILLE, TN (FHA|USDA|VA) 5 $1,345,000 $269,000 $3,123 3.35%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $1,300,000 $325,000 $3,718 3.19%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $1,215,000 $243,000 $2,433 2.78%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $1,195,000 $398,333 $2,228 2.63%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $1,110,000 $185,000 $2,457 3.42%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,073 2.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,716 2.75%
    GAINESVILLE, GA (FHA|USDA|VA) 3 $1,035,000 $345,000 $3,370 2.83%
    PUNTA GORDA, FL (FHA|USDA|VA) 5 $1,035,000 $207,000 $3,574 3.10%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $970,000 $242,500 $2,693 3.84%
    THE VILLAGES, FL (FHA|USDA|VA) 4 $920,000 $230,000 $2,829 3.06%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $915,000 $305,000 $1,770 3.67%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $890,000 $222,500 $2,887 2.78%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $875,000 $875,000 $5,359 2.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $870,000 $435,000 $4,762 2.94%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $840,000 $210,000 $2,874 2.59%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $810,000 $202,500 $2,414 2.56%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $790,000 $395,000 $3,642 2.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $765,000 $255,000 $3,461 2.67%
    HUNTSVILLE, AL (FHA|USDA|VA) 4 $710,000 $177,500 $2,796 3.50%
    WINSTON-SALEM, NC (FHA|USDA|VA) 5 $705,000 $141,000 $2,769 3.00%
    TUCSON, AZ (FHA|USDA|VA) 3 $695,000 $231,667 $3,240 2.83%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $690,000 $345,000 $2,772 2.63%
    STATE COLLEGE, PA (FHA|USDA|VA) 2 $650,000 $325,000 $3,755 2.75%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $635,000 $635,000 $6,303 2.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $630,000 $315,000 $6,128 2.63%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $615,000 $205,000 $2,101 2.92%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $610,000 $305,000 $2,966 2.88%
    TOLEDO, OH (FHA|USDA|VA) 2 $590,000 $295,000 $2,501 3.19%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $560,000 $280,000 $2,414 2.69%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $560,000 $280,000 $3,726 2.69%
    COLUMBIA, SC (FHA|USDA|VA) 2 $560,000 $280,000 $3,997 3.44%
    OCALA, FL (FHA|USDA|VA) 4 $550,000 $137,500 $2,357 3.06%
    SANTA FE, NM (FHA|USDA|VA) 2 $550,000 $275,000 $3,332 3.13%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 2 $550,000 $275,000 $3,938 2.69%
    Key West, FL (FHA|USDA|VA) 1 $545,000 $545,000 $5,557 2.88%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $545,000 $545,000 $3,513 3.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $540,000 $270,000 $2,539 3.13%
    MODESTO, CA (FHA|USDA|VA) 2 $530,000 $265,000 $2,619 2.31%
    TUSCALOOSA, AL (FHA|USDA|VA) 2 $530,000 $265,000 $2,858 3.00%
    MEDFORD, OR (FHA|USDA|VA) 1 $525,000 $525,000 $6,062 3.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $470,000 $235,000 $2,000 4.19%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 2 $470,000 $235,000 $2,321 2.94%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $460,000 $230,000 $3,020 2.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,973 2.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $455,000 $151,667 $1,733 3.37%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $455,000 $455,000 $1,597 3.00%
    Morehead City, NC (FHA|USDA|VA) 3 $445,000 $148,333 $2,150 2.38%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $445,000 $445,000 $3,565 3.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $440,000 $220,000 $2,712 2.94%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $435,000 $145,000 $2,361 2.71%
    FORT COLLINS, CO (FHA|USDA|VA) 2 $430,000 $215,000 $4,979 3.25%
    Washington, NC (FHA|USDA|VA) 2 $430,000 $215,000 $3,008 2.50%
    LIMA, OH (FHA|USDA|VA) 1 $425,000 $425,000 $3,583 2.88%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $415,000 $415,000 $2,686 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $1,577 2.63%
    Easton, MD (FHA|USDA|VA) 1 $405,000 $405,000 $3,256 2.75%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $390,000 $195,000 $2,661 2.75%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,326 3.00%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $380,000 $190,000 $2,894 2.69%
    Fairmont, WV (FHA|USDA|VA) 1 $375,000 $375,000 $3,351 3.00%
    Orangeburg, SC (FHA|USDA|VA) 1 $365,000 $365,000 $3,033 2.88%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $360,000 $180,000 $2,312 2.81%
    SYRACUSE, NY (FHA|USDA|VA) 1 $355,000 $355,000 $2,843 2.75%
    Sevierville, TN (FHA|USDA|VA) 2 $350,000 $175,000 $2,008 2.94%
    Sanford, NC (FHA|USDA|VA) 2 $350,000 $175,000 $2,155 3.38%
    Edwards, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,980 2.63%
    Hudson, NY (FHA|USDA|VA) 1 $345,000 $345,000 $5,898 2.75%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $335,000 $335,000 $11,000 2.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $335,000 $111,667 $1,834 3.63%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $335,000 $335,000 $3,329 2.75%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,922 3.13%
    JACKSON, MS (FHA|USDA|VA) 1 $305,000 $305,000 $3,273 2.88%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $290,000 $145,000 $2,023 3.50%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $3,480 2.75%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $280,000 $140,000 $2,561 2.50%
    READING, PA (FHA|USDA|VA) 2 $280,000 $140,000 $1,594 4.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $275,000 $275,000 $2,527 2.63%
    BOISE CITY, ID (FHA|USDA|VA) 2 $270,000 $135,000 $2,484 2.75%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $255,000 $255,000 $3,361 2.75%
    LANCASTER, PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,661 2.88%
    Elizabeth City, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,370 3.25%
    Cambridge, MD (FHA|USDA|VA) 1 $235,000 $235,000 $2,688 2.25%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $3,105 2.13%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,688 3.38%
    Crossville, TN (FHA|USDA|VA) 2 $230,000 $115,000 $2,166 2.94%
    Bozeman, MT (FHA|USDA|VA) 1 $225,000 $225,000 $1,945 2.75%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,068 2.63%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $205,000 $205,000 $1,885 2.88%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $195,000 $195,000 $7,891 3.25%
    Craig, CO (FHA|USDA|VA) 1 $195,000 $195,000 $2,439 2.38%
    Brevard, NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,714 2.63%
    GREENVILLE, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,717 2.75%
    ROCHESTER, NY (FHA|USDA|VA) 1 $195,000 $195,000 $3,692 3.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,841 2.88%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,050 2.13%
    PEORIA, IL (FHA|USDA|VA) 1 $185,000 $185,000 $1,791 2.88%
    BATON ROUGE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $2,740 3.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $175,000 $175,000 $3,054 3.25%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.99%
    Somerset, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,078 2.50%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $155,000 $155,000 $6,059 2.88%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $155,000 $155,000 $1,611 2.63%
    Martinsville, VA (FHA|USDA|VA) 1 $155,000 $155,000 $2,793 2.88%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,874 3.63%
    CHARLESTON, WV (FHA|USDA|VA) 1 $145,000 $145,000 $2,633 2.50%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $3,062 2.88%
    Clarksburg, WV (FHA|USDA|VA) 1 $135,000 $135,000 $6,044 2.13%
    FLORENCE, SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,701 3.38%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,905 3.00%
    Houghton, MI (FHA|USDA|VA) 1 $115,000 $115,000 $2,074 3.13%
    Tahlequah, OK (FHA|USDA|VA) 1 $115,000 $115,000 $3,994 2.38%
    Forest City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
    Cullowhee, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,995 2.63%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $105,000 $105,000 $2,384 2.13%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $100,000 $50,000 $301 4.37%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $2,289 3.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $85,000 $85,000 $3,517 2.50%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.99%
    Henderson, NC (FHA|USDA|VA) 1 $65,000 $65,000 $1,940 1.88%
    Nogales, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $409 5.50%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $1,815 2.88%
    AKRON, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,011 2.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $45,000 $45,000 $316 4.88%
    COLUMBUS, OH (FHA|USDA|VA) 1 $45,000 $45,000 $306 4.75%
    RENO, NV (FHA|USDA|VA) 1 $35,000 $35,000 $321 4.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.99%
    DANVILLE, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
    Northwest Federal Credit Union's top markets include Washington, Raleigh, Baltimore, Miami, and Winchester among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,145 $662,205,000 $308,720 $3,206 2.98%
    HELOC 430 $47,310,000 $110,023 n/a 3.99%
    VA 12 $3,990,000 $332,500 $8,141 3.03%

    For 2021, Northwest Federal Credit Union's most frequently originated type of loan was Conventional, with 2,145 originations. Their 2nd most popular type was HELOC, with 430 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 917 $283,225,000 $308,860 $3,047 2.73%
    Home Improvement 704 $135,300,000 $192,188 $2,727 3.70%
    Cash Out Refi 468 $118,510,000 $253,226 $3,289 3.35%
    Home Purchase 448 $161,770,000 $361,094 $4,036 2.94%
    Other 50 $14,700,000 $294,000 $3,264 2.92%

    For 2021, Northwest Federal Credit Union's most frequently cited loan purpose was Refi, with 917 originations. The 2nd most popular reason was Home Improvement, with 704 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,229 $444,755,000 $361,884 $3,738 2.96%
    15 Year 919 $168,795,000 $183,672 $2,752 3.36%
    20 Year 244 $70,470,000 $288,811 $2,914 3.07%
    10 Year 142 $24,810,000 $174,718 $2,017 3.02%
    5 Year 27 $1,345,000 $49,815 $435 4.75%
    Other 26 $3,330,000 $128,077 $1,003 4.38%

    For 2021, Northwest Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,229 originations. The 2nd most popular length was 15 Year, with 919 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,408 $401,000,000 $284,801
    $1k-2k 464 $141,190,000 $304,289
    $2k-3k 162 $65,810,000 $406,235
    $3k-4k 56 $25,890,000 $462,321
    $5k+ 39 $20,505,000 $525,769
    $4k-5k 28 $11,800,000 $421,429

    Northwest Federal Credit Union's average total fees were $3,738, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,408 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,197 $403,635,000 $337,206
    3-4% 809 $188,355,000 $232,824
    <2.5% 419 $108,525,000 $259,010
    4-5% 90 $7,160,000 $79,556
    5-6% 72 $5,830,000 $80,972

    During 2021, Northwest Federal Credit Union's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,025 $294,385,000 $287,205 $3,223 2.91%
    $100k-200k 553 $81,245,000 $146,917 $2,494 3.11%
    $400k-600k 471 $224,565,000 $476,783 $4,188 2.88%
    $100,000 or less 418 $23,930,000 $57,249 $1,012 4.14%
    $600k-1MM 112 $79,550,000 $710,268 $5,497 2.94%
    $1MM+ 8 $9,830,000 $1,228,750 $9,012 2.94%

    2021 saw Northwest Federal Credit Union place emphasis on $200k-400k loans with 1,025 originations, totaling $294,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 907 $267,495,000 $294,923 $3,278 3.18%
    $100k-150k 639 $160,905,000 $251,808 $3,108 3.17%
    $250k+ 383 $148,645,000 $388,107 $3,959 3.21%
    $75k-100k 274 $62,110,000 $226,679 $3,047 3.07%
    $50k-75k 235 $43,215,000 $183,894 $2,654 3.05%
    $50k or less 94 $12,260,000 $130,426 $2,765 2.95%

    Northwest Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 907 originations. The second most popular income band? $100k-150k, with 639 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 818 $245,470,000 $300,086 $3,361 3.07%
    30-36% 491 $127,695,000 $260,071 $3,231 3.22%
    <20% 457 $127,755,000 $279,551 $3,026 2.92%
    42% 105 $22,105,000 $210,524 $3,046 3.74%
    40% 89 $21,135,000 $237,472 $2,912 3.43%
    38% 83 $22,505,000 $271,145 $3,588 3.33%
    41% 81 $20,175,000 $249,074 $3,368 3.46%
    36% 77 $22,245,000 $288,896 $3,008 3.28%
    37% 68 $17,500,000 $257,353 $3,018 3.33%
    39% 68 $17,770,000 $261,324 $3,092 3.46%
    44% 53 $14,955,000 $282,170 $3,491 2.97%
    43% 51 $12,955,000 $254,020 $3,216 3.04%
    45% 41 $11,565,000 $282,073 $3,882 2.95%
    46% 34 $9,320,000 $274,118 $3,362 3.02%
    47% 28 $8,620,000 $307,857 $3,247 3.01%
    48% 22 $5,470,000 $248,636 $3,306 3.02%
    49% 17 $5,245,000 $308,529 $3,318 2.94%
    50-60% 4 $1,020,000 $255,000 $2,429 2.56%

    Northwest Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 818 originations. The next most common DTI ratio? 30-36%, with 491 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,702 $470,310,000 $276,328 $3,149 3.13%
    Not provided 430 $123,950,000 $288,256 $3,437 3.10%
    Black 252 $64,210,000 $254,802 $3,445 3.25%
    Asian 118 $33,210,000 $281,441 $3,408 3.07%
    Asian Indian 40 $11,280,000 $282,000 $2,800 3.53%
    American Indian 16 $3,070,000 $191,875 $2,675 3.51%
    Filipino 6 $1,880,000 $313,333 $4,069 3.12%
    Native Hawaiian or Islander 4 $1,410,000 $352,500 $4,059 3.06%
    Chinese 5 $1,135,000 $227,000 $2,480 3.32%
    Vietnamese 5 $1,095,000 $219,000 $2,603 2.82%
    Other Asian 4 $850,000 $212,500 $3,382 3.69%
    Korean 3 $665,000 $221,667 $2,942 2.67%
    Japanese 1 $405,000 $405,000 $10,141 3.00%
    Other Pacific Islander 1 $35,000 $35,000 $321 4.75%

    Approval Rates

    Total approvals of all applications
    89.06%

    Northwest Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.18%

    Northwest Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,587 $713,505,000 $275,804

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,587 $713,505,000 $275,804

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 358 $72,610,000 $202,821 $2,658 3.06%
    40-60% 588 $172,470,000 $293,316 $3,041 2.75%
    60-80% 806 $301,280,000 $373,797 $3,783 2.89%
    80-100% 348 $128,700,000 $369,828 $3,874 2.97%
    Over 100% 3 $1,215,000 $405,000 $12,928 3.08%
    Under 20% 484 $37,230,000 $76,921 $769 4.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Struggling to pay mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 5 55.6%
    NORTHWEST BANCSHARES INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    NORTHWEST BANCSHARES INC Other type of mortgage Struggling to pay mortgage 1 11.1%