Northwestern Bank Na Mortgage Rates, Fees & Info

Dilworth, MN

LEI: 549300X2ZT06KCNAN962

Tax ID: 41-0257480

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Northwestern Bank Na is a smaller bank specializing in Cash Out Refi and Refi loans. Northwestern Bank Na has a high proportion of conventional loans. Their top two markets are Fargo and Phoenix .

    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

    66

    Origination Dollar Volume (All Markets)

    $12,590,000

    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
    FARGO, ND-MN (FHA|USDA|VA) 39 $10,435,000 $267,564 $0 0.00%
    Outside of Metro Areas 26 $1,860,000 $71,538 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    Northwestern Bank Na's top markets include Fargo and Phoenix among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $12,590,000 $190,758 $0 0.00%

    For 2019, Northwestern Bank Na's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 34 $6,800,000 $200,000 $0 0.00%
    Home Purchase 14 $1,280,000 $91,429 $0 0.00%
    Home Improvement 9 $225,000 $25,000 $0 0.00%
    Refi 9 $4,285,000 $476,111 $0 0.00%

    For 2019, Northwestern Bank Na's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $12,590,000 $190,758 $0 0.00%

    For 2019, Northwestern Bank Na's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,190,000 $42,500 $0 0.00%
    $100k-200k 25 $3,925,000 $157,000 $0 0.00%
    $200k-400k 8 $2,140,000 $267,500 $0 0.00%
    $1MM+ 2 $3,130,000 $1,565,000 $0 0.00%
    $600k-1MM 2 $1,760,000 $880,000 $0 0.00%
    $400k-600k 1 $445,000 $445,000 $0 0.00%

    2019 saw Northwestern Bank Na place emphasis on $100,000 or less loans with 28 originations, totaling $1,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 6 $300,000 $50,000 $0 0.00%
    $100k-150k 5 $445,000 $89,000 $0 0.00%
    $250k+ 5 $525,000 $105,000 $0 0.00%
    $75k-100k 4 $350,000 $87,500 $0 0.00%
    $50k-75k 3 $125,000 $41,667 $0 0.00%
    $150k-250k 2 $110,000 $55,000 $0 0.00%

    Northwestern Bank Na lent most frequently to those with incomes in the $50k or less range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $12,590,000 $190,758 $0 0.00%

    Northwestern Bank Na lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 40 $10,670,000 $266,750 $0 0.00%
    White 26 $1,920,000 $73,846 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.37%

    Northwestern Bank Na has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.48%

    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 66 $12,590,000 $190,758

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,295,000 $699,444
    Single Family (1-4 Units):Manufactured 3 $65,000 $21,667
    Single Family (1-4 Units):Site-Built 54 $6,230,000 $115,370

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%