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 Cash Out Refi, Home Purchase, and Refi 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.
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Originations
33Origination Dollar Volume (All Markets)
$2,635,000Top 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) | 17 | $1,515,000 | $89,118 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $1,120,000 | $70,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $2,635,000 | $79,848 | $0 | 0.00% |
For 2018, Northwestern Bank Na's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
For 2018, Northwestern Bank Na's most frequently cited loan purpose was Cash Out Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $2,635,000 | $79,848 | $0 | 0.00% |
For 2018, Northwestern Bank Na's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2018 saw Northwestern Bank Na place emphasis on $100,000 or less loans with 26 originations, totaling $1,260,000 in origination value.
Applicant Income
Northwestern Bank Na lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $2,635,000 | $79,848 | $0 | 0.00% |
Northwestern Bank Na lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $1,420,000 | $64,545 | $0 | 0.00% |
| Not applicable | 11 | $1,215,000 | $110,455 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.67%
Northwestern Bank Na has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $2,635,000 | $79,848 |