# NORTHWOODS

> **Canonical URL:** https://saferate.com/lenders/northwoods

> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible

NORTHWOODS is a credit union, headquartered in Cloquet, MN, serving borrowers across 2 states, with 28 loans originated in the most recent reporting period.

**At a Glance:**
- **Approval Rate:** Ranks in the top 76% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300KGWK2C69R8ZN27
- **Headquarters:** Cloquet, MN
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** MN, WI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pull Through: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)


### Lending Volume
- **Total Loans:** 28
- **Dollar Volume:** $4 million
- **Applications Received:** 87
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $146,786
- **Average Borrower Income:** $92,714

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 29/100 | 28 | +0.617% | $1,868 | Acceptable 🙂 |

### Product Performance by Purpose

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 23/100 | 12 | $2M | -0.109% | Acceptable 🙂 |
| Refinance | 42/100 | 16 | $2M | +1.100% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MN | 27 | 0.04% | 58/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Duluth, MN | MN-WI | 24 | 62/100 |

## Frequently Asked Questions

### What loan types does NORTHWOODS offer?

NORTHWOODS offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does NORTHWOODS offer mortgages?

NORTHWOODS offers mortgages in 2 states: MN, WI.

### What type of lender is NORTHWOODS?

NORTHWOODS is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Cloquet, MN.

### What is NORTHWOODS's loan approval success rate?

NORTHWOODS has a pull-through score of 24/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/northwoods

### How to Cite

> "NORTHWOODS Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/northwoods

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