Northwest Bank Mortgage Rates, Fees & Info
Warren, PALEI: LVR1UQE8OOCO93IHEB52
Tax ID: 23-2790930
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Mortgage Data
Review & Overview
Northwest Bank is a small bank specializing in Home Purchase loans. Northwest Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Buffalo, Pittsburgh, Erie, Lancaster, and Columbus among others. We have data for 134 markets. (Some data included below & more in-depth data is available with an active subscription.)Northwest Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Northwest Bank 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.07% | 12/16/24 |
| 30 Year Conventional Purchase | 6.42% | 12/16/24 |
| 30 Year Conventional Refi | 6.76% | 12/16/24 |
| 30 Year Cash-out Refi | 6.83% | 12/16/24 |
| 30 Year FHA Purchase | 7.29% | 12/16/24 |
| 30 Year VA Purchase | 6.52% | 12/16/24 |
| 30 Year USDA Purchase | 6.43% | 12/16/24 |
| 15 Year Conventional Purchase | 6.07% | 12/16/24 |
| 15 Year Conventional Refi | 6.06% | 12/16/24 |
| 15 Year Cash-out Refi | 6.06% | 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. | ||
Northwest Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Northwest Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
7,226Origination Dollar Volume (All Markets)
$1,367,570,000Awards
Northwest Bank - 2022
Northwest Bank 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1,291 | $239,945,000 | $185,860 | $4,125 | 3.73% |
| PITTSBURGH, PA (FHA|USDA|VA) | 858 | $204,130,000 | $237,914 | $4,968 | 3.99% |
| ERIE, PA (FHA|USDA|VA) | 842 | $101,670,000 | $120,748 | $3,618 | 4.16% |
| LANCASTER, PA (FHA|USDA|VA) | 416 | $72,840,000 | $175,096 | $6,072 | 3.68% |
| COLUMBUS, OH (FHA|USDA|VA) | 74 | $68,030,000 | $919,324 | $6,474 | 4.29% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 335 | $47,315,000 | $141,239 | $3,204 | 3.58% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 184 | $46,360,000 | $251,957 | $5,562 | 4.12% |
| ROCHESTER, NY (FHA|USDA|VA) | 99 | $46,105,000 | $465,707 | $5,348 | 4.32% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 49 | $41,905,000 | $855,204 | $8,746 | 4.26% |
| Outside of Metro Areas | 360 | $34,940,000 | $97,056 | $2,264 | 4.28% |
| AKRON, OH (FHA|USDA|VA) | 44 | $31,110,000 | $707,045 | $3,383 | 3.12% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 134 | $30,320,000 | $226,269 | $5,912 | 3.79% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 92 | $28,190,000 | $306,413 | $3,495 | 4.43% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 202 | $24,650,000 | $122,030 | $3,143 | 4.64% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 7 | $21,905,000 | $3,129,286 | $4,132 | 4.00% |
| Warren, PA (FHA|USDA|VA) | 212 | $21,250,000 | $100,236 | $1,897 | 4.25% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 128 | $19,070,000 | $148,984 | $2,114 | 3.76% |
| LEBANON, PA (FHA|USDA|VA) | 154 | $18,120,000 | $117,662 | $2,562 | 3.64% |
| MUNCIE, IN (FHA|USDA|VA) | 176 | $18,000,000 | $102,273 | $2,265 | 3.94% |
| Meadville, PA (FHA|USDA|VA) | 170 | $16,900,000 | $99,412 | $2,371 | 4.26% |
| Oil City, PA (FHA|USDA|VA) | 154 | $13,850,000 | $89,935 | $1,629 | 4.16% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 45 | $13,845,000 | $307,667 | $6,313 | 4.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $12,925,000 | $12,925,000 | $0 | 4.80% |
| Warsaw, IN (FHA|USDA|VA) | 111 | $12,675,000 | $114,189 | $2,543 | 3.86% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 83 | $11,925,000 | $143,675 | $4,201 | 3.52% |
| Bradford, PA (FHA|USDA|VA) | 119 | $11,325,000 | $95,168 | $2,007 | 4.50% |
| St. Marys, PA (FHA|USDA|VA) | 116 | $10,230,000 | $88,190 | $2,314 | 4.07% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $8,790,000 | $1,465,000 | $4,440 | 4.08% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $7,970,000 | $664,167 | $7,899 | 4.59% |
| DuBois, PA (FHA|USDA|VA) | 78 | $7,040,000 | $90,256 | $1,892 | 4.38% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 8 | $5,930,000 | $741,250 | $5,181 | 4.84% |
| Olean, NY (FHA|USDA|VA) | 36 | $5,850,000 | $162,500 | $4,300 | 4.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 7 | $5,785,000 | $826,429 | $6,738 | 4.29% |
| Ashtabula, OH (FHA|USDA|VA) | 26 | $5,380,000 | $206,923 | $5,582 | 4.84% |
| Sandusky, OH (FHA|USDA|VA) | 26 | $5,260,000 | $202,308 | $3,177 | 3.81% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 32 | $4,980,000 | $155,625 | $3,855 | 4.06% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 29 | $4,505,000 | $155,345 | $3,522 | 3.88% |
| Lock Haven, PA (FHA|USDA|VA) | 33 | $3,935,000 | $119,242 | $1,158 | 4.67% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 8 | $3,630,000 | $453,750 | $9,530 | 3.76% |
| Marion, IN (FHA|USDA|VA) | 53 | $3,585,000 | $67,642 | $1,646 | 4.21% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 33 | $2,955,000 | $89,545 | $953 | 3.33% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $2,935,000 | $978,333 | $7,258 | 4.08% |
| FORT WAYNE, IN (FHA|USDA|VA) | 17 | $2,715,000 | $159,706 | $2,369 | 4.59% |
| Seymour, IN (FHA|USDA|VA) | 18 | $2,710,000 | $150,556 | $2,681 | 4.71% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 37 | $2,425,000 | $65,541 | $1,788 | 3.81% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 24 | $2,400,000 | $100,000 | $2,258 | 3.98% |
| READING, PA (FHA|USDA|VA) | 15 | $2,375,000 | $158,333 | $4,389 | 3.68% |
| SYRACUSE, NY (FHA|USDA|VA) | 7 | $2,265,000 | $323,571 | $9,297 | 3.93% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $1,985,000 | $661,667 | $5,745 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,875,000 | $375,000 | $6,728 | 5.33% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $10,300 | 4.31% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 19 | $1,845,000 | $97,105 | $2,127 | 4.87% |
| Huntingdon, PA (FHA|USDA|VA) | 17 | $1,815,000 | $106,765 | $2,231 | 4.27% |
| Pottsville, PA (FHA|USDA|VA) | 9 | $1,785,000 | $198,333 | $3,845 | 4.68% |
| Lewistown, PA (FHA|USDA|VA) | 13 | $1,775,000 | $136,538 | $3,207 | 3.83% |
| GETTYSBURG, PA (FHA|USDA|VA) | 10 | $1,610,000 | $161,000 | $6,605 | 3.04% |
| Batavia, NY (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $5,254 | 4.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $8,320 | 4.94% |
| New Castle, PA (FHA|USDA|VA) | 18 | $1,270,000 | $70,556 | $2,774 | 3.70% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $4,196 | 4.25% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $12,750 | 4.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $5,456 | 4.41% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 9 | $1,055,000 | $117,222 | $5,347 | 5.14% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,721 | 4.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $4,393 | 4.40% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $5,101 | 4.40% |
| NILES, MI (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $2,148 | 3.08% |
| COLUMBUS, IN (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $3,292 | 4.94% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,304 | 3.06% |
| Sayre, PA (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $5,733 | 4.33% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $5,801 | 4.56% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $5,465 | 5.44% |
| Sunbury, PA (FHA|USDA|VA) | 5 | $765,000 | $153,000 | $3,141 | 4.47% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $3,571 | 4.38% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $5,975 | 4.25% |
| Seneca, SC (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $7,226 | 6.31% |
| TOLEDO, OH (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,710 | 3.62% |
| Somerset, PA (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $4,162 | 3.80% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $4,301 | 5.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $6,880 | 4.50% |
| Norwalk, OH (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $2,087 | 4.64% |
| Lewisburg, PA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $7,315 | 4.91% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $3,168 | 6.50% |
| Corning, NY (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,740 | 5.44% |
| ELMIRA, NY (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,964 | 6.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $4,846 | 4.38% |
| Indiana, PA (FHA|USDA|VA) | 7 | $595,000 | $85,000 | $2,031 | 4.84% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $8,041 | 5.88% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,441 | 4.25% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $6,098 | 3.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $10,149 | 4.74% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $2,479 | 6.13% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,463 | 4.38% |
| ALTOONA, PA (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $2,709 | 4.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $4,284 | 4.50% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $15,415 | 3.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,372 | 4.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 4.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,573 | 3.88% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,942 | 2.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,715 | 4.38% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,773 | 3.75% |
| Wooster, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $2,576 | 5.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,795 | 5.00% |
| Coldwater, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $6,686 | 4.68% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,210 | 5.38% |
| Auburn, NY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,986 | 3.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,455 | 3.88% |
| Urbana, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,043 | 3.88% |
| Sidney, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,345 | 3.00% |
| Wabash, IN (FHA|USDA|VA) | 4 | $240,000 | $60,000 | $488 | 5.06% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,716 | 4.13% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,046 | 4.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,224 | 5.63% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,588 | 4.88% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,195 | 4.94% |
| New Castle, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $5,217 | 3.18% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 1.49% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,045 | 5.13% |
| Bedford, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,040 | 3.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.88% |
| Scottsburg, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,581 | 6.38% |
| Washington, IN (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,781 | 2.68% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 3.81% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,699 | 7.38% |
| Peru, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,857 | 6.88% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $450 | 4.88% |
| Athens, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,699 | 5.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $67 | 4.50% |
| Richmond, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,149 | 3.38% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.50% |
| LIMA, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,076 | 3.75% |
| Huntington, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,811 | 4.25% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $475 | 7.13% |
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Product Mix
For 2022, Northwest Bank's most frequently originated type of loan was Conventional, with 4,670 originations. Their 2nd most popular type was HELOC, with 2,452 originations.
Loan Reason
For 2022, Northwest Bank's most frequently cited loan purpose was Home Purchase, with 2,651 originations. The 2nd most popular reason was Home Improvement, with 1,628 originations.
Loan Duration/Length
For 2022, Northwest Bank's most frequently cited loan duration was Other, with 2,503 originations. The 2nd most popular length was 30 Year, with 2,406 originations.
Origination Fees/Closing Costs
Northwest Bank's average total fees were $5,807, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,138 originations.
Interest Rates
During 2022, Northwest Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was <2.5%, with 2,034 originations.
Loan Sizing
2022 saw Northwest Bank place emphasis on $100,000 or less loans with 3,173 originations, totaling $171,515,000 in origination value.
Applicant Income
Northwest Bank lent most frequently to those with incomes in the $50k-75k range, with 1,596 originations. The second most popular income band? $50k or less, with 1,396 originations.
Applicant Debt to Income Ratio
Northwest Bank lent most frequently to those with DTI ratios of 20-30%, with 1,620 originations. The next most common DTI ratio? 30-36%, with 1,422 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.07%
Northwest Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.15%
Northwest Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 7,226 | $1,367,570,000 | $189,257 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7,226 | $1,367,570,000 | $189,257 |