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 small mortgage company specializing in Other, Home Purchase, and Refi loans. The Northern Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Miami, New York, Chicago, Sacramento, and Los Angeles among others. We have data for 113 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 an above average pick rate when compared to similar lenders. The Northern Trust Company is typically a high 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 | 5.94% | 12/16/24 |
| 30 Year Conventional Refi | 5.81% | 12/16/24 |
| 15 Year Conventional Purchase | 5.64% | 12/16/24 |
| 15 Year Conventional Refi | 5.84% | 12/16/24 |
| 15 Year Cash-out Refi | 5.84% | 12/16/24 |
| 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
661Origination Dollar Volume (All Markets)
$1,648,785,000Awards
The Northern Trust Company - 2022
The Northern Trust Company is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 87 | $210,515,000 | $2,419,713 | $14,960 | 3.60% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 34 | $170,050,000 | $5,001,471 | $21,494 | 3.53% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 84 | $129,920,000 | $1,546,667 | $6,754 | 3.65% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $110,515,000 | $36,838,333 | $0 | 3.67% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $94,465,000 | $3,047,258 | $14,441 | 3.54% |
| Glenwood Springs, CO (FHA|USDA|VA) | 17 | $81,115,000 | $4,771,471 | $15,663 | 4.04% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 10 | $73,820,000 | $7,382,000 | $6,838 | 4.58% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $49,785,000 | $49,785,000 | $0 | 2.28% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 12 | $48,660,000 | $4,055,000 | $34,618 | 3.44% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 17 | $47,645,000 | $2,802,647 | $5,660 | 3.84% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $42,840,000 | $2,142,000 | $9,206 | 4.22% |
| Outside of Metro Areas | 23 | $36,805,000 | $1,600,217 | $5,683 | 3.40% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $30,055,000 | $1,306,739 | $12,332 | 3.35% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $28,800,000 | $3,600,000 | $54,478 | 3.97% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 14 | $27,750,000 | $1,982,143 | $10,610 | 3.29% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 7 | $27,075,000 | $3,867,857 | $15,366 | 3.29% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 12 | $27,000,000 | $2,250,000 | $19,601 | 3.72% |
| Heber, UT (FHA|USDA|VA) | 6 | $23,790,000 | $3,965,000 | $5,752 | 3.54% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 15 | $20,765,000 | $1,384,333 | $10,692 | 3.35% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $18,675,000 | $18,675,000 | $0 | 2.37% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 13 | $18,595,000 | $1,430,385 | $6,817 | 3.49% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 3 | $17,815,000 | $5,938,333 | $37,188 | 3.33% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 3 | $17,725,000 | $5,908,333 | $8,253 | 3.67% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 8 | $17,680,000 | $2,210,000 | $29,324 | 3.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $15,550,000 | $1,295,833 | $6,483 | 3.49% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $12,505,000 | $12,505,000 | $0 | 5.63% |
| Edwards, CO (FHA|USDA|VA) | 7 | $12,395,000 | $1,770,714 | $3,540 | 3.09% |
| Key West, FL (FHA|USDA|VA) | 4 | $10,980,000 | $2,745,000 | $14,542 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 8 | $10,570,000 | $1,321,250 | $13,316 | 3.92% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $10,315,000 | $3,438,333 | $5,977 | 4.08% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $10,165,000 | $2,033,000 | $25,539 | 3.55% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $9,960,000 | $4,980,000 | $16,613 | 3.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 9 | $9,895,000 | $1,099,444 | $8,377 | 3.38% |
| NAPA, CA (FHA|USDA|VA) | 3 | $8,465,000 | $2,821,667 | $6,736 | 3.83% |
| Jackson, WY-ID (FHA|USDA|VA) | 2 | $6,900,000 | $3,450,000 | $13,322 | 3.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $6,600,000 | $1,100,000 | $7,428 | 3.23% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $6,600,000 | $1,650,000 | $15,274 | 3.41% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $6,270,000 | $1,567,500 | $9,260 | 3.88% |
| Hailey, ID (FHA|USDA|VA) | 4 | $6,090,000 | $1,522,500 | $7,551 | 3.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $5,060,000 | $1,265,000 | $5,738 | 4.31% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $40,523 | 2.75% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 8 | $5,000,000 | $625,000 | $4,137 | 3.69% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $4,715,000 | $1,571,667 | $6,035 | 3.94% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $4,470,000 | $1,117,500 | $6,040 | 4.03% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $4,125,000 | $1,375,000 | $13,373 | 3.92% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $4,105,000 | $4,105,000 | $0 | 4.25% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $4,025,000 | $4,025,000 | $9,359 | 2.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $3,985,000 | $569,286 | $3,440 | 3.80% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $3,680,000 | $613,333 | $3,107 | 3.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $3,425,000 | $1,141,667 | $4,547 | 4.25% |
| NILES, MI (FHA|USDA|VA) | 4 | $3,320,000 | $830,000 | $6,109 | 4.59% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $3,210,000 | $1,605,000 | $5,610 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $3,030,000 | $1,515,000 | $9,224 | 3.00% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $3,010,000 | $1,505,000 | $4,135 | 3.88% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 2.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $3,000,000 | $1,500,000 | $4,055 | 3.44% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $2,990,000 | $747,500 | $4,899 | 3.47% |
| Durango, CO (FHA|USDA|VA) | 3 | $2,945,000 | $981,667 | $20,989 | 2.88% |
| Holland, MI (FHA|USDA|VA) | 3 | $2,875,000 | $958,333 | $7,419 | 3.92% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 3 | $2,815,000 | $938,333 | $4,235 | 3.54% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $7,062 | 3.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $2,800,000 | $1,400,000 | $41,832 | 3.69% |
| Outside of Metro Areas | 1 | $2,455,000 | $2,455,000 | $12,204 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $2,350,000 | $1,175,000 | $8,407 | 4.44% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $2,280,000 | $570,000 | $6,332 | 3.84% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $26,061 | 5.06% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $26,081 | 3.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,830,000 | $915,000 | $10,599 | 2.50% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $35,284 | 5.38% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $20,300 | 4.00% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $1,755,000 | $1,755,000 | $24,529 | 3.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $4,856 | 4.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $5,058 | 3.06% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 3 | $1,595,000 | $531,667 | $12,778 | 4.83% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $1,510,000 | $755,000 | $4,239 | 3.69% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $6,055 | 4.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $1,305,000 | $1,305,000 | $0 | 4.38% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $3,952 | 3.81% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $1,225,000 | $1,225,000 | $0 | 3.88% |
| Athens, TX (FHA|USDA|VA) | 1 | $1,155,000 | $1,155,000 | $10,297 | 3.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $0 | 3.38% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $4,197 | 3.88% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $3,105 | 2.79% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $9,506 | 4.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,668 | 4.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 5.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $5,165 | 4.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $4,235 | 4.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $4,711 | 4.63% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $5,434 | 2.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $3,959 | 2.75% |
| Easton, MD (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,342 | 3.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,531 | 2.50% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 2.63% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $3,825 | 6.13% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,228 | 2.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $4,482 | 3.38% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $11,808 | 4.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,091 | 2.50% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,159 | 2.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,389 | 2.88% |
| Brevard, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,906 | 2.63% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,984 | 4.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,327 | 2.88% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,661 | 3.63% |
| Salina, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,339 | 2.63% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,063 | 5.00% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,461 | 4.75% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,902 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,794 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,308 | 2.88% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,042 | 4.50% |
| Hudson, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
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We use machine learning to identify the top lenders compared against The Northern Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 661 | $1,648,785,000 | $2,494,380 | $11,901 | 3.63% |
For 2022, The Northern Trust Company's most frequently originated type of loan was Conventional, with 661 originations.
Loan Reason
For 2022, The Northern Trust Company's most frequently cited loan purpose was Other, with 246 originations. The 2nd most popular reason was Home Purchase, with 245 originations.
Loan Duration/Length
For 2022, The Northern Trust Company's most frequently cited loan duration was 30 Year, with 553 originations. The 2nd most popular length was 15 Year, with 68 originations.
Origination Fees/Closing Costs
The Northern Trust Company's average total fees were $12,583, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 459 originations.
Interest Rates
During 2022, The Northern Trust Company's average interest rate for loans was 3.66%, while their most frequently originated rate bucket for loans was 3-4%, with 176 originations.
Loan Sizing
2022 saw The Northern Trust Company place emphasis on $1MM+ loans with 371 originations, totaling $1,487,355,000 in origination value.
Applicant Income
The Northern Trust Company lent most frequently to those with incomes in the $250k+ range, with 292 originations. The second most popular income band? $150k-250k, with 71 originations.
Applicant Debt to Income Ratio
The Northern Trust Company lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? <20%, with 121 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.12%
The Northern Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.13%
The Northern Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 661 | $1,648,785,000 | $2,494,380 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 661 | $1,648,785,000 | $2,494,380 |