Nw Preferred Federal Cu Mortgage Rates, Fees & Info
Portland, ORLEI: 549300WVC34HTRW8RB87
Tax ID: 93-0388911
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Mortgage Data
Review & Overview
Nw Preferred Federal Cu is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Nw Preferred Federal Cu has a high proportion of conventional loans. Their top markets by origination volume include: Salem, Portland, Seattle, Albany, and Reno among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)Nw Preferred Federal Cu has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
81Origination Dollar Volume (All Markets)
$7,465,000Top 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 |
|---|---|---|---|---|---|
| SALEM, OR (FHA|USDA|VA) | 24 | $1,730,000 | $72,083 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 23 | $1,485,000 | $64,565 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $1,150,000 | $143,750 | $0 | 0.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 10 | $600,000 | $60,000 | $0 | 0.00% |
| RENO, NV (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Prineville, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $75,000 | $75,000 | $0 | 0.00% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| BEND, OR (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $7,465,000 | $92,160 | $0 | 0.00% |
For 2019, Nw Preferred Federal Cu's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
For 2019, Nw Preferred Federal Cu's most frequently cited loan purpose was Home Improvement, with 32 originations. The 2nd most popular reason was Other, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $7,465,000 | $92,160 | $0 | 0.00% |
For 2019, Nw Preferred Federal Cu's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2019 saw Nw Preferred Federal Cu place emphasis on $100,000 or less loans with 57 originations, totaling $2,715,000 in origination value.
Applicant Income
Nw Preferred Federal Cu lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $7,465,000 | $92,160 | $0 | 0.00% |
Nw Preferred Federal Cu lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.80%
Nw Preferred Federal Cu has an average approval rate.
Pick Rate
Approvals leading to origination61.73%
Nw Preferred Federal Cu 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 |
|---|---|---|---|
| Exempt | 81 | $7,465,000 | $92,160 |