The Northern Trust Company Mortgage Rates, Fees & Info
Chicago, ILLEI: 6PTKHDJ8HDUF78PFWH30
Tax ID: 36-1561860
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Mortgage Data
Review & Overview
The Northern Trust Company is a smaller mortgage company specializing in Home Purchase and Other loans. The Northern Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Miami, San Diego, New York, Chicago, and Naples among others. We have data for 68 markets. (Some data included below & more in-depth data is available with an active subscription.)The Northern Trust Company 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. The Northern Trust Company is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 4/5/25 |
| 30 Year Conventional Refi | 6.68% | 4/5/25 |
| 15 Year Conventional Purchase | 6.26% | 4/5/25 |
| 15 Year Conventional Refi | 6.00% | 4/5/25 |
| 15 Year Cash-out Refi | 6.00% | 4/5/25 |
| 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. | ||
The Northern Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
199Origination Dollar Volume (All Markets)
$422,545,000Awards
The Northern Trust Company - 2024
The Northern Trust Company is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
The Northern Trust Company's average 30 year fixed mortgage rate was
6.45%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.1%.
Relative Fees (Closing Costs)
The Northern Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $10,682.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 29 | $83,145,000 | $2,867,069 | $12,202 | 6.47% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $51,665,000 | $10,333,000 | $12,008 | 7.06% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 15 | $36,905,000 | $2,460,333 | $14,767 | 6.44% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 21 | $23,785,000 | $1,132,619 | $6,001 | 6.35% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $21,070,000 | $3,511,667 | $15,520 | 6.35% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $14,600,000 | $2,433,333 | $9,474 | 6.73% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $13,445,000 | $1,493,889 | $5,827 | 6.32% |
| Outside of Metro Areas | 8 | $12,470,000 | $1,558,750 | $8,491 | 6.36% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $11,865,000 | $3,955,000 | $34,358 | 6.25% |
| Hailey, ID (FHA|USDA|VA) | 2 | $9,850,000 | $4,925,000 | $4,740 | 6.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 5 | $9,505,000 | $1,901,000 | $22,272 | 6.60% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $9,465,000 | $1,893,000 | $5,543 | 6.53% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $8,180,000 | $4,090,000 | $7,156 | 6.50% |
| Glenwood Springs, CO (FHA|USDA|VA) | 2 | $7,800,000 | $3,900,000 | $10,577 | 6.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $6,920,000 | $3,460,000 | $36,320 | 6.50% |
| Key West, FL (FHA|USDA|VA) | 2 | $6,840,000 | $3,420,000 | $18,827 | 6.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $5,995,000 | $1,998,333 | $39,151 | 6.71% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $5,720,000 | $715,000 | $3,688 | 6.52% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $5,410,000 | $2,705,000 | $1,991 | 5.94% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $4,905,000 | $4,905,000 | $16,080 | 6.38% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $4,785,000 | $1,595,000 | $6,530 | 6.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $4,730,000 | $2,365,000 | $4,194 | 6.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $4,575,000 | $4,575,000 | $20,259 | 6.50% |
| Brevard, NC (FHA|USDA|VA) | 1 | $3,655,000 | $3,655,000 | $13,022 | 6.25% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $3,565,000 | $1,188,333 | $5,794 | 6.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $3,455,000 | $1,151,667 | $4,772 | 6.29% |
| Heber, UT (FHA|USDA|VA) | 2 | $2,770,000 | $1,385,000 | $6,038 | 6.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $2,565,000 | $855,000 | $6,149 | 6.46% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $8,037 | 6.63% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $2,505,000 | $2,505,000 | $0 | 5.38% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $2,280,000 | $1,140,000 | $4,396 | 6.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $2,115,000 | $2,115,000 | $10,468 | 6.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $2,105,000 | $701,667 | $7,257 | 6.46% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $2,085,000 | $2,085,000 | $11,736 | 5.75% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $7,314 | 6.75% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $17,596 | 6.38% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,745,000 | $1,745,000 | $12,631 | 6.50% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $1,735,000 | $1,735,000 | $12,401 | 6.63% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $4,906 | 6.50% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $7,117 | 5.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $8,961 | 6.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $1,295,000 | $1,295,000 | $5,591 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $5,956 | 6.50% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $6,083 | 6.00% |
| MIDLAND, TX (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $10,379 | 6.44% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $4,402 | 6.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $5,909 | 6.25% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $3,835 | 6.38% |
| TULSA, OK (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $24,405 | 7.13% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,177 | 6.25% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $4,904 | 6.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $6,495 | 5.88% |
| OCALA, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $8,013 | 6.50% |
| Newport, OR (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $5,367 | 6.38% |
| Willmar, MN (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $3,862 | 6.50% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,040 | 6.63% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $8,130 | 6.25% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $3,820 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,554 | 6.88% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,382 | 6.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,043 | 6.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,281 | 6.50% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,275 | 6.38% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,157 | 6.75% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,418 | 6.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,563 | 6.75% |
| AKRON, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,666 | 6.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,333 | 6.50% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 199 | $422,545,000 | $2,123,342 | $10,240 | 6.45% |
For 2024, The Northern Trust Company's most frequently originated type of loan was Conventional, with 199 originations.
Loan Reason
For 2024, The Northern Trust Company's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Other, with 44 originations.
Loan Duration/Length
For 2024, The Northern Trust Company's most frequently cited loan duration was 30 Year, with 174 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
The Northern Trust Company's average total fees were $10,682, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 161 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 167 | $303,795,000 | $1,819,132 |
| 5-6% | 25 | $70,575,000 | $2,823,000 |
| 7-8% | 7 | $48,175,000 | $6,882,143 |
During 2024, The Northern Trust Company's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 6-7%, with 167 originations.
Loan Sizing
2024 saw The Northern Trust Company place emphasis on $1MM+ loans with 115 originations, totaling $377,515,000 in origination value.
Applicant Income
The Northern Trust Company lent most frequently to those with incomes in the $250k+ range, with 94 originations. The second most popular income band? $150k-250k, with 18 originations.
Applicant Debt to Income Ratio
The Northern Trust Company lent most frequently to those with DTI ratios of 20-30%, with 45 originations. The next most common DTI ratio? 30-36%, with 36 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.87%
The Northern Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination78.89%
The Northern Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 199 | $422,545,000 | $2,123,342 |