Northwestern Bank Na Mortgage Rates, Fees & Info
Dilworth, MNLEI: 549300X2ZT06KCNAN962
Tax ID: 41-0257480
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Mortgage Data
Review & Overview
Northwestern Bank Na is a smaller bank specializing in Refi and Home Purchase loans. Northwestern Bank Na has a high proportion of conventional loans. Their top (well, only) market is Fargo.Northwestern Bank Na has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$10,930,000Top 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 |
|---|---|---|---|---|---|
| FARGO, ND-MN (FHA|USDA|VA) | 43 | $5,725,000 | $133,140 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $5,205,000 | $140,676 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $10,930,000 | $136,625 | $0 | 0.00% |
For 2023, Northwestern Bank Na's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2023, Northwestern Bank Na's most frequently cited loan purpose was Home Improvement, with 28 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $10,930,000 | $136,625 | $0 | 0.00% |
For 2023, Northwestern Bank Na's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2023 saw Northwestern Bank Na place emphasis on $100,000 or less loans with 48 originations, totaling $2,440,000 in origination value.
Applicant Income
Northwestern Bank Na lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $10,930,000 | $136,625 | $0 | 0.00% |
Northwestern Bank Na lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 68 | $7,940,000 | $116,765 | $0 | 0.00% |
| Not applicable | 12 | $2,990,000 | $249,167 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.29%
Northwestern Bank Na has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.75%
Northwestern Bank Na has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $10,930,000 | $136,625 |