Navy Federal Credit Union Mortgage Rates, Fees & Info

Vienna, VA

LEI: 5493003GQDUH26DNNH17

Tax ID: 53-0116705

2020 Data | 2019 Data | 2018 Data


Overview

Navy Federal Credit Union is a large credit union specializing in Home Purchase and Refi loans. Navy Federal Credit Union 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.) Their top markets include Washington, San Diego, Virginia Beach, Baltimore, and Atlanta among others. They have an average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Navy Federal Credit Union is typically an average fee lendor.


Originations

81,055

Origination Dollar Volume (All Markets)

$23,784,735,000

Relative Rate

Navy Federal Credit Union's average 30 year fixed rate mortgage was 3.38%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of 0.02%.

Relative Fees

Navy Federal Credit Union's average total fees for a 30 year fixed rate mortgage are $5,899.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 51,311 $14,120,495,000 $275,194 $4,920 3.63%
VA 29,668 $9,649,870,000 $325,262 $6,428 3.03%
FHA 76 $14,370,000 $189,079 $5,841 4.36%

For the 2020 period, Navy Federal Credit Union's most frequently originated loan type was Conventional, with 51,311 originations. Their 2nd most popular type is VA, with 29,668 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 39,338 $11,956,960,000 $303,954 $5,833 3.51%
Refi 22,791 $6,957,655,000 $305,281 $4,316 2.84%
Cash Out Refi 14,779 $4,552,595,000 $308,045 $6,968 3.16%
Home Improvement 2,224 $165,110,000 $74,240 $961 6.29%
Other 1,923 $152,415,000 $79,259 $1,370 6.65%

For the 2020, Navy Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 39,338 originations. The 2nd most popular reason was Refi, with 22,791 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 62,267 $20,206,535,000 $324,514 $5,908 3.35%
15 Year 13,926 $3,041,480,000 $218,403 $4,130 2.82%
30+ year 2,587 $211,785,000 $81,865 $1,944 6.18%
10 Year 791 $68,965,000 $87,187 $1,288 6.02%
20 Year 681 $101,825,000 $149,523 $2,336 6.03%
Other 510 $138,330,000 $271,235 $3,638 3.16%
5 Year 293 $15,815,000 $53,976 $529 6.36%

For the 2020, Navy Federal Credit Union's most frequently cited loan length was 30 Year, with 62,267 originations. The 2nd most popular length was 15 Year, with 13,926 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 43,492 $12,887,840,000 $296,327
$5k+ 12,840 $5,548,050,000 $432,091
$3k-4k 9,880 $2,710,500,000 $274,342
$2k-3k 6,140 $1,306,270,000 $212,748
$1k-2k 5,209 $1,005,715,000 $193,073

$5,899 was Navy Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 43,492 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 8,611 $3,277,715,000 $380,643 $6,359 3.39%
Outside of Metro Areas 6,480 $1,459,830,000 $225,282 $4,467 3.34%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 2,883 $1,291,755,000 $448,059 $7,567 3.35%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 4,102 $1,038,920,000 $253,272 $5,342 3.44%
BALTIMORE-COLUMBIA-TOWSON, MD 2,270 $811,910,000 $357,670 $6,210 3.44%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 2,590 $672,310,000 $259,579 $5,229 3.68%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 1,527 $537,005,000 $351,673 $6,117 3.47%
JACKSONVILLE, FL 1,887 $449,815,000 $238,376 $5,233 3.56%
PHOENIX-MESA-CHANDLER, AZ 1,414 $410,170,000 $290,078 $5,368 3.44%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 948 $386,710,000 $407,922 $6,579 3.39%
PENSACOLA-FERRY PASS-BRENT, FL 1,788 $384,540,000 $215,067 $4,337 3.50%
LOS ANGELES-LONG BEACH-GLENDALE, CA 733 $376,875,000 $514,154 $8,598 3.36%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 1,341 $352,965,000 $263,210 $5,567 3.50%
LAS VEGAS-HENDERSON-PARADISE, NV 1,052 $313,770,000 $298,260 $5,284 3.47%
DENVER-AURORA-LAKEWOOD, CO 802 $304,760,000 $380,000 $6,639 3.40%
SEATTLE-BELLEVUE-KENT, WA 611 $273,635,000 $447,848 $7,042 3.27%
ANAHEIM-SANTA ANA-IRVINE, CA 434 $236,590,000 $545,138 $9,286 3.34%
URBAN HONOLULU, HI 460 $231,450,000 $503,152 $10,005 3.32%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 873 $228,095,000 $261,277 $5,198 3.39%
CHARLESTON-NORTH CHARLESTON, SC 836 $222,850,000 $266,567 $5,282 3.43%
ORLANDO-KISSIMMEE-SANFORD, FL 851 $221,435,000 $260,206 $5,383 3.52%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 737 $213,515,000 $289,708 $4,940 3.52%
RALEIGH-CARY, NC 720 $209,280,000 $290,667 $4,937 3.46%
RICHMOND, VA 745 $196,525,000 $263,792 $5,111 3.53%
DALLAS-PLANO-IRVING, TX 634 $193,620,000 $305,394 $5,858 3.43%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 593 $183,475,000 $309,401 $5,901 3.24%
SAN ANTONIO-NEW BRAUNFELS, TX 647 $173,315,000 $267,875 $5,174 3.34%
COLORADO SPRINGS, CO 503 $163,145,000 $324,344 $5,865 3.39%
JACKSONVILLE, NC 814 $156,930,000 $192,789 $4,483 3.35%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 340 $151,740,000 $446,294 $8,269 3.51%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 401 $151,485,000 $377,768 $6,665 3.35%
CHICAGO-NAPERVILLE-EVANSTON, IL 502 $148,810,000 $296,434 $5,459 3.42%
TACOMA-LAKEWOOD, WA 423 $148,715,000 $351,572 $6,704 3.39%
PROVIDENCE-WARWICK, RI-MA 475 $143,675,000 $302,474 $5,165 3.16%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 520 $139,760,000 $268,769 $5,266 3.36%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 439 $135,155,000 $307,870 $6,637 3.37%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 397 $134,655,000 $339,181 $5,170 3.49%
OAKLAND-BERKELEY-LIVERMORE, CA 230 $122,930,000 $534,478 $7,297 3.48%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 366 $113,990,000 $311,448 $6,081 3.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 284 $111,850,000 $393,838 $6,621 3.40%
CALIFORNIA-LEXINGTON PARK, MD 372 $110,000,000 $295,699 $5,696 3.37%
OXNARD-THOUSAND OAKS-VENTURA, CA 237 $109,065,000 $460,190 $7,723 3.36%
AUGUSTA-RICHMOND COUNTY, GA-SC 485 $107,555,000 $221,763 $4,869 3.39%
MEMPHIS, TN-MS-AR 463 $105,715,000 $228,326 $5,006 3.65%
FAYETTEVILLE, NC 553 $102,895,000 $186,067 $4,435 3.41%
CAMDEN, NJ 438 $102,640,000 $234,338 $4,981 3.42%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 280 $100,350,000 $358,393 $6,620 3.25%
NEW BRUNSWICK-LAKEWOOD, NJ 299 $99,185,000 $331,722 $6,332 3.38%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 205 $91,435,000 $446,024 $6,708 3.18%
ST. LOUIS, MO-IL 423 $91,375,000 $216,017 $4,151 3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL 337 $89,855,000 $266,632 $5,455 3.26%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 310 $89,290,000 $288,032 $5,397 3.35%
NEW ORLEANS-METAIRIE, LA 375 $89,215,000 $237,907 $5,539 3.54%
NASSAU COUNTY-SUFFOLK COUNTY, NY 194 $87,850,000 $452,835 $8,325 3.25%
NORWICH-NEW LONDON, CT 370 $86,970,000 $235,054 $5,140 3.27%
OKLAHOMA CITY, OK 393 $85,915,000 $218,613 $4,550 3.47%
NEWARK, NJ-PA 244 $85,490,000 $350,369 $6,178 3.34%
PHILADELPHIA, PA 345 $81,705,000 $236,826 $5,425 3.59%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 248 $78,160,000 $315,161 $6,784 3.47%
KANSAS CITY, MO-KS 325 $77,625,000 $238,846 $4,007 3.39%
MIAMI-MIAMI BEACH-KENDALL, FL 237 $77,135,000 $325,464 $6,977 3.42%
NORTH PORT-SARASOTA-BRADENTON, FL 256 $73,290,000 $286,289 $5,496 3.47%
WINCHESTER, VA-WV 287 $71,925,000 $250,610 $4,469 3.43%
BOSTON, MA 169 $71,255,000 $421,627 $6,402 3.34%
HUNTSVILLE, AL 253 $68,685,000 $271,482 $4,792 3.21%
COLUMBIA, SC 322 $66,750,000 $207,298 $4,134 3.55%
HILTON HEAD ISLAND-BLUFFTON, SC 247 $64,725,000 $262,045 $5,684 3.42%
TUCSON, AZ 256 $63,820,000 $249,297 $4,955 3.29%
NEW BERN, NC 335 $63,305,000 $188,970 $3,829 3.44%
ALBUQUERQUE, NM 249 $62,145,000 $249,578 $4,876 3.42%
INDIANAPOLIS-CARMEL-ANDERSON, IN 259 $60,835,000 $234,884 $3,952 3.39%
SALISBURY, MD-DE 203 $59,975,000 $295,443 $5,383 3.18%
CLEVELAND-ELYRIA, OH 338 $59,710,000 $176,657 $3,747 3.64%
SAVANNAH, GA 269 $59,685,000 $221,877 $5,264 3.64%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 77 $58,675,000 $762,013 $13,184 3.07%
WARREN-TROY-FARMINGTON HILLS, MI 249 $57,745,000 $231,908 $4,453 3.37%
COLUMBUS, OH 246 $57,600,000 $234,146 $4,400 3.42%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 201 $57,355,000 $285,348 $5,888 3.45%
WILMINGTON, NC 204 $55,920,000 $274,118 $5,640 3.37%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 229 $55,835,000 $243,821 $4,721 3.34%
BOISE CITY, ID 177 $55,135,000 $311,497 $6,420 3.30%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 83 $54,175,000 $652,711 $9,873 3.10%
BAKERSFIELD, CA 229 $53,345,000 $232,948 $4,709 3.36%
DURHAM-CHAPEL HILL, NC 196 $51,820,000 $264,388 $4,183 3.41%
PITTSBURGH, PA 252 $51,530,000 $204,484 $4,636 3.44%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 189 $51,435,000 $272,143 $5,633 3.38%
OMAHA-COUNCIL BLUFFS, NE-IA 238 $51,110,000 $214,748 $4,377 3.33%
HAGERSTOWN-MARTINSBURG, MD-WV 210 $49,950,000 $237,857 $5,240 3.47%
SALINAS, CA 90 $49,660,000 $551,778 $7,712 3.35%
CINCINNATI, OH-KY-IN 203 $48,065,000 $236,773 $4,579 3.31%
KNOXVILLE, TN 178 $48,010,000 $269,719 $4,587 3.38%
CLARKSVILLE, TN-KY 230 $47,950,000 $208,478 $4,681 3.60%
DAPHNE-FAIRHOPE-FOLEY, AL 199 $47,515,000 $238,769 $4,010 3.29%
RENO, NV 123 $47,415,000 $385,488 $5,254 3.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 209 $47,415,000 $226,866 $5,009 3.37%
KILLEEN-TEMPLE, TX 245 $46,695,000 $190,592 $4,301 3.29%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 190 $45,900,000 $241,579 $5,664 3.34%
PORTLAND-SOUTH PORTLAND, ME 149 $42,835,000 $287,483 $4,906 3.17%
CAPE CORAL-FORT MYERS, FL 169 $42,515,000 $251,568 $4,580 3.39%
YUMA, AZ 228 $42,280,000 $185,439 $4,478 3.25%
WILMINGTON, DE-MD-NJ 165 $41,795,000 $253,303 $4,858 3.37%
PANAMA CITY, FL 162 $40,460,000 $249,753 $5,587 3.36%
CORPUS CHRISTI, TX 173 $39,975,000 $231,069 $4,733 3.30%
BIRMINGHAM-HOOVER, AL 173 $39,935,000 $230,838 $3,950 3.66%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 177 $39,915,000 $225,508 $4,160 3.59%
WORCESTER, MA-CT 134 $38,680,000 $288,657 $5,314 3.29%
CHARLOTTESVILLE, VA 121 $38,525,000 $318,388 $5,488 3.30%
OLYMPIA-LACEY-TUMWATER, WA 120 $38,520,000 $321,000 $5,815 3.28%
GULFPORT-BILOXI, MS 202 $38,220,000 $189,208 $4,269 3.36%
BRIDGEPORT-STAMFORD-NORWALK, CT 83 $37,995,000 $457,771 $7,579 3.17%
ALBANY-SCHENECTADY-TROY, NY 141 $37,675,000 $267,199 $5,841 3.25%
EL PASO, TX 196 $35,420,000 $180,714 $4,387 3.36%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 110 $35,000,000 $318,182 $4,834 3.32%
GREENVILLE-ANDERSON, SC 147 $34,445,000 $234,320 $4,480 3.50%
GREENSBORO-HIGH POINT, NC 151 $33,675,000 $223,013 $3,990 3.43%
ASHEVILLE, NC 123 $33,585,000 $273,049 $4,549 3.30%
DAYTON-KETTERING, OH 159 $33,475,000 $210,535 $4,547 3.35%
PORT ST. LUCIE, FL 126 $33,270,000 $264,048 $5,616 3.30%
COLUMBUS, GA-AL 173 $33,095,000 $191,301 $4,382 3.51%
FRESNO, CA 117 $33,075,000 $282,692 $5,207 3.49%
BOULDER, CO 68 $32,450,000 $477,206 $8,246 3.18%
HARRISBURG-CARLISLE, PA 128 $32,410,000 $253,203 $6,041 3.31%
VALLEJO, CA 79 $32,035,000 $405,506 $6,764 3.33%
LAKELAND-WINTER HAVEN, FL 151 $31,885,000 $211,159 $4,705 3.45%
OGDEN-CLEARFIELD, UT 92 $31,280,000 $340,000 $5,495 3.21%
SPOKANE-SPOKANE VALLEY, WA 101 $30,935,000 $306,287 $5,183 3.15%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 115 $30,885,000 $268,565 $6,423 3.54%
HANFORD-CORCORAN, CA 123 $27,955,000 $227,276 $5,015 3.45%
NAPLES-MARCO ISLAND, FL 85 $27,505,000 $323,588 $5,274 3.53%
NEW HAVEN-MILFORD, CT 97 $26,185,000 $269,948 $5,046 3.29%
WARNER ROBINS, GA 127 $26,045,000 $205,079 $4,399 3.47%
GREELEY, CO 76 $25,740,000 $338,684 $6,214 3.58%
STOCKTON, CA 66 $25,640,000 $388,485 $7,456 3.72%
WINSTON-SALEM, NC 113 $25,495,000 $225,619 $4,191 3.38%
MILWAUKEE-WAUKESHA, WI 101 $25,285,000 $250,347 $4,548 3.43%
SALT LAKE CITY, UT 75 $25,035,000 $333,800 $5,905 3.41%
MOUNT VERNON-ANACORTES, WA 74 $25,000,000 $337,838 $5,739 3.21%
CHATTANOOGA, TN-GA 90 $23,230,000 $258,111 $4,383 3.19%
MANCHESTER-NASHUA, NH 74 $23,200,000 $313,514 $5,208 3.32%
FORT COLLINS, CO 61 $23,165,000 $379,754 $6,404 3.30%
SIERRA VISTA-DOUGLAS, AZ 110 $22,330,000 $203,000 $4,515 3.37%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 95 $22,255,000 $234,263 $5,587 3.36%
PRESCOTT VALLEY-PRESCOTT, AZ 73 $21,985,000 $301,164 $6,063 3.16%
BEND, OR 59 $21,825,000 $369,915 $8,410 3.42%
ROANOKE, VA 89 $21,815,000 $245,112 $4,143 3.33%
DETROIT-DEARBORN-LIVONIA, MI 105 $21,735,000 $207,000 $4,113 3.65%
YORK-HANOVER, PA 95 $21,575,000 $227,105 $5,407 3.43%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 119 $21,385,000 $179,706 $3,397 3.38%
OCALA, FL 116 $21,380,000 $184,310 $4,154 3.39%
BUFFALO-CHEEKTOWAGA, NY 109 $21,365,000 $196,009 $4,402 3.40%
ALBANY, GA 127 $21,025,000 $165,551 $3,906 3.58%
LYNCHBURG, VA 87 $20,915,000 $240,402 $4,806 3.56%
MONTGOMERY, AL 105 $20,825,000 $198,333 $3,933 3.66%
SANTA MARIA-SANTA BARBARA, CA 39 $19,635,000 $503,462 $8,564 3.40%
SPRINGFIELD, MA 73 $19,575,000 $268,151 $4,863 3.28%
BATON ROUGE, LA 86 $19,550,000 $227,326 $5,010 3.48%
TALLAHASSEE, FL 84 $19,460,000 $231,667 $5,279 3.53%
ANCHORAGE, AK 64 $19,360,000 $302,500 $5,701 3.04%
TULSA, OK 99 $19,295,000 $194,899 $4,646 3.56%
AKRON, OH 99 $19,135,000 $193,283 $3,863 3.55%
ELIZABETHTOWN-FORT KNOX, KY 100 $18,740,000 $187,400 $3,546 3.53%
COEUR D'ALENE, ID 60 $18,680,000 $311,333 $5,420 3.43%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 77 $18,055,000 $234,481 $3,833 3.30%
GRAND RAPIDS-KENTWOOD, MI 68 $17,900,000 $263,235 $4,432 3.12%
MOBILE, AL 104 $17,760,000 $170,769 $3,535 3.54%
SAN LUIS OBISPO-PASO ROBLES, CA 40 $17,740,000 $443,500 $8,659 3.40%
OCEAN CITY, NJ 53 $17,665,000 $333,302 $7,328 3.41%
HINESVILLE, GA 102 $17,010,000 $166,765 $4,286 3.41%
BELLINGHAM, WA 47 $16,775,000 $356,915 $5,557 3.19%
GARY, IN 74 $16,610,000 $224,459 $3,799 3.58%
KENNEWICK-RICHLAND, WA 54 $16,320,000 $302,222 $6,072 3.11%
PROVO-OREM, UT 38 $16,000,000 $421,053 $6,587 3.48%
BARNSTABLE TOWN, MA 44 $15,970,000 $362,955 $5,432 3.28%
MADISON, WI 56 $15,950,000 $284,821 $4,743 3.27%
ELGIN, IL 58 $15,930,000 $274,655 $5,670 3.22%
GAINESVILLE, FL 70 $15,370,000 $219,571 $4,466 3.32%
SEBASTIAN-VERO BEACH, FL 60 $15,330,000 $255,500 $5,366 3.54%
HOMOSASSA SPRINGS, FL 70 $15,120,000 $216,000 $3,918 3.50%
LAKE HAVASU CITY-KINGMAN, AZ 71 $14,715,000 $207,254 $3,578 3.37%
LANCASTER, PA 59 $14,575,000 $247,034 $5,446 3.12%
ROCHESTER, NY 74 $14,320,000 $193,514 $3,943 3.10%
SALEM, OR 50 $14,300,000 $286,000 $6,317 3.45%
MANHATTAN, KS 80 $14,270,000 $178,375 $3,653 3.56%
WICHITA, KS 66 $14,250,000 $215,909 $4,060 3.30%
BRUNSWICK, GA 62 $13,590,000 $219,194 $4,759 3.42%
PUNTA GORDA, FL 59 $13,465,000 $228,220 $5,388 3.18%
THE VILLAGES, FL 49 $13,075,000 $266,837 $4,197 2.99%
AUBURN-OPELIKA, AL 56 $12,720,000 $227,143 $4,302 3.61%
MACON-BIBB COUNTY, GA 59 $12,305,000 $208,559 $4,229 3.69%
SYRACUSE, NY 64 $12,170,000 $190,156 $3,670 3.43%
LAS CRUCES, NM 55 $12,125,000 $220,455 $4,612 3.33%
LAWTON, OK 78 $12,020,000 $154,103 $3,550 3.33%
HICKORY-LENOIR-MORGANTON, NC 60 $12,010,000 $200,167 $3,400 3.65%
SHREVEPORT-BOSSIER CITY, LA 54 $12,010,000 $222,407 $5,875 3.41%
JACKSON, MS 58 $11,910,000 $205,345 $4,595 3.32%
MODESTO, CA 36 $11,770,000 $326,944 $6,410 3.37%
GAINESVILLE, GA 42 $11,740,000 $279,524 $4,701 3.29%
SANTA ROSA-PETALUMA, CA 23 $11,465,000 $498,478 $9,355 3.17%
ATLANTIC CITY-HAMMONTON, NJ 48 $11,400,000 $237,500 $4,140 3.36%
SPARTANBURG, SC 54 $11,370,000 $210,556 $4,368 3.41%
CHAMBERSBURG-WAYNESBORO, PA 50 $11,330,000 $226,600 $5,504 3.27%
TOLEDO, OH 64 $11,270,000 $176,094 $3,959 3.55%
BURLINGTON, NC 46 $11,160,000 $242,609 $4,760 3.53%
DOVER, DE 47 $10,965,000 $233,298 $6,047 3.82%
LEXINGTON-FAYETTE, KY 45 $10,935,000 $243,000 $4,128 3.70%
TRENTON-PRINCETON, NJ 36 $10,820,000 $300,556 $5,584 3.15%
SPRINGFIELD, MO 56 $10,630,000 $189,821 $3,106 3.30%
VISALIA, CA 44 $10,410,000 $236,591 $5,547 3.37%
KINGSPORT-BRISTOL, TN-VA 52 $10,380,000 $199,615 $4,645 3.16%
SAN RAFAEL, CA 11 $10,215,000 $928,636 $6,325 3.10%
SUMTER, SC 57 $10,145,000 $177,982 $4,069 3.68%
SANTA FE, NM 25 $9,815,000 $392,600 $7,145 3.36%
MEDFORD, OR 34 $9,810,000 $288,529 $4,995 3.18%
LANSING-EAST LANSING, MI 52 $9,730,000 $187,115 $3,221 3.52%
BLOOMINGTON, IN 37 $9,385,000 $253,649 $4,689 3.09%
PUEBLO, CO 41 $9,275,000 $226,220 $5,483 3.31%
READING, PA 38 $9,210,000 $242,368 $5,534 3.26%
VALDOSTA, GA 54 $9,180,000 $170,000 $4,266 3.36%
DOTHAN, AL 42 $8,780,000 $209,048 $4,831 3.54%
KAHULUI-WAILUKU-LAHAINA, HI 22 $8,780,000 $399,091 $8,088 2.99%
DES MOINES-WEST DES MOINES, IA 37 $8,745,000 $236,351 $3,463 3.35%
GOLDSBORO, NC 43 $8,735,000 $203,140 $4,286 3.27%
FORT WAYNE, IN 43 $8,495,000 $197,558 $3,197 3.20%
WENATCHEE, WA 21 $8,195,000 $390,238 $7,189 3.49%
EUGENE-SPRINGFIELD, OR 35 $8,155,000 $233,000 $4,039 3.48%
GREENVILLE, NC 50 $8,120,000 $162,400 $3,358 3.70%
JOHNSON CITY, TN 38 $7,940,000 $208,947 $4,445 3.06%
GETTYSBURG, PA 31 $7,895,000 $254,677 $5,005 3.29%
STAUNTON, VA 36 $7,860,000 $218,333 $5,185 3.42%
AMARILLO, TX 31 $7,705,000 $248,548 $5,432 3.44%
ROCKY MOUNT, NC 40 $7,610,000 $190,250 $3,991 3.68%
SANTA CRUZ-WATSONVILLE, CA 12 $7,550,000 $629,167 $7,977 3.45%
WACO, TX 32 $7,520,000 $235,000 $4,283 3.35%
ALBANY-LEBANON, OR 27 $7,435,000 $275,370 $5,806 3.10%
FAIRBANKS, AK 28 $7,350,000 $262,500 $5,721 3.03%
ATHENS-CLARKE COUNTY, GA 33 $7,345,000 $222,576 $5,229 3.55%
GRAND JUNCTION, CO 25 $7,215,000 $288,600 $5,580 3.31%
IDAHO FALLS, ID 24 $7,210,000 $300,417 $6,134 3.07%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 46 $7,190,000 $156,304 $3,531 3.68%
YUBA CITY, CA 21 $7,155,000 $340,714 $8,314 3.40%
REDDING, CA 21 $7,075,000 $336,905 $7,213 3.20%
CHEYENNE, WY 20 $7,070,000 $353,500 $4,527 3.22%
GREEN BAY, WI 30 $7,010,000 $233,667 $3,377 3.13%
STATE COLLEGE, PA 28 $6,990,000 $249,643 $4,744 2.90%
BLACKSBURG-CHRISTIANSBURG, VA 34 $6,970,000 $205,000 $3,373 3.29%
FLAGSTAFF, AZ 23 $6,915,000 $300,652 $5,109 3.52%
LONGVIEW, WA 20 $6,870,000 $343,500 $7,598 3.17%
DECATUR, AL 27 $6,825,000 $252,778 $4,197 3.32%
BILLINGS, MT 21 $6,795,000 $323,571 $5,350 3.05%
COLLEGE STATION-BRYAN, TX 29 $6,745,000 $232,586 $4,307 3.12%
MCALLEN-EDINBURG-MISSION, TX 31 $6,715,000 $216,613 $5,687 3.34%
LINCOLN, NE 28 $6,590,000 $235,357 $3,448 3.44%
BURLINGTON-SOUTH BURLINGTON, VT 20 $6,580,000 $329,000 $5,932 3.02%
MERCED, CA 22 $6,510,000 $295,909 $6,385 3.44%
BANGOR, ME 32 $6,300,000 $196,875 $4,301 3.50%
SCRANTON--WILKES-BARRE, PA 35 $6,235,000 $178,143 $4,237 3.32%
BEAUMONT-PORT ARTHUR, TX 31 $6,225,000 $200,806 $4,505 3.38%
TUSCALOOSA, AL 28 $6,160,000 $220,000 $5,145 3.38%
MORRISTOWN, TN 23 $6,155,000 $267,609 $5,066 3.46%
CANTON-MASSILLON, OH 35 $6,135,000 $175,286 $3,534 3.40%
RACINE, WI 29 $6,035,000 $208,103 $4,127 3.18%
SOUTH BEND-MISHAWAKA, IN-MI 26 $6,000,000 $230,769 $3,476 3.30%
WATERTOWN-FORT DRUM, NY 33 $5,985,000 $181,364 $3,772 3.21%
EAST STROUDSBURG, PA 36 $5,880,000 $163,333 $4,017 3.42%
BROWNSVILLE-HARLINGEN, TX 30 $5,760,000 $192,000 $5,031 3.47%
NAPA, CA 11 $5,715,000 $519,545 $11,631 3.45%
HARRISONBURG, VA 24 $5,710,000 $237,917 $5,012 3.45%
ST. GEORGE, UT 16 $5,670,000 $354,375 $5,073 3.29%
COLUMBIA, MO 29 $5,655,000 $195,000 $3,456 3.03%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 28 $5,530,000 $197,500 $4,043 3.01%
LONGVIEW, TX 27 $5,455,000 $202,037 $4,458 3.21%
ERIE, PA 31 $5,395,000 $174,032 $4,153 3.32%
LAFAYETTE, LA 29 $5,385,000 $185,690 $6,028 3.65%
FORT SMITH, AR-OK 26 $5,370,000 $206,538 $4,767 3.14%
HUNTINGTON-ASHLAND, WV-KY-OH 28 $5,370,000 $191,786 $4,248 3.34%
FLORENCE, SC 29 $5,275,000 $181,897 $4,765 3.78%
ROCHESTER, MN 19 $5,265,000 $277,105 $4,160 2.99%
MORGANTOWN, WV 22 $5,260,000 $239,091 $5,948 3.11%
APPLETON, WI 24 $5,230,000 $217,917 $3,999 3.34%
DULUTH, MN-WI 27 $5,205,000 $192,778 $3,032 3.28%
ANN ARBOR, MI 19 $4,845,000 $255,000 $4,670 3.54%
SEBRING-AVON PARK, FL 27 $4,715,000 $174,630 $4,181 3.49%
UTICA-ROME, NY 22 $4,610,000 $209,545 $5,194 3.18%
ABILENE, TX 22 $4,590,000 $208,636 $4,655 3.09%
LAFAYETTE-WEST LAFAYETTE, IN 24 $4,580,000 $190,833 $4,300 3.53%
WICHITA FALLS, TX 23 $4,405,000 $191,522 $6,138 2.94%
GLENS FALLS, NY 18 $4,370,000 $242,778 $4,045 3.34%
FLINT, MI 19 $4,355,000 $229,211 $3,997 3.76%
NILES, MI 22 $4,350,000 $197,727 $5,168 3.08%
MISSOULA, MT 14 $4,330,000 $309,286 $3,988 3.19%
HATTIESBURG, MS 27 $4,305,000 $159,444 $4,389 3.52%
LAWRENCE, KS 18 $4,240,000 $235,556 $3,660 2.92%
EL CENTRO, CA 17 $4,215,000 $247,941 $5,179 3.10%
PEORIA, IL 26 $4,170,000 $160,385 $3,354 3.45%
ROCKFORD, IL 26 $4,130,000 $158,846 $2,881 3.49%
CHICO, CA 16 $4,030,000 $251,875 $5,866 4.23%
MONROE, MI 17 $4,005,000 $235,588 $4,686 3.40%
YAKIMA, WA 16 $3,990,000 $249,375 $3,343 3.10%
HOUMA-THIBODAUX, LA 16 $3,910,000 $244,375 $5,808 3.43%
CEDAR RAPIDS, IA 18 $3,880,000 $215,556 $4,815 3.57%
LEBANON, PA 18 $3,870,000 $215,000 $5,782 3.47%
RAPID CITY, SD 13 $3,715,000 $285,769 $3,442 3.19%
CLEVELAND, TN 20 $3,710,000 $185,500 $3,647 3.45%
GREAT FALLS, MT 15 $3,635,000 $242,333 $6,528 3.05%
TYLER, TX 20 $3,620,000 $181,000 $4,180 3.16%
KINGSTON, NY 14 $3,600,000 $257,143 $4,803 3.30%
SHERMAN-DENISON, TX 18 $3,580,000 $198,889 $5,227 3.33%
KALAMAZOO-PORTAGE, MI 19 $3,515,000 $185,000 $4,670 3.65%
SIOUX FALLS, SD 15 $3,495,000 $233,000 $2,927 3.17%
JACKSON, TN 20 $3,490,000 $174,500 $5,170 3.22%
LEWISTON-AUBURN, ME 18 $3,420,000 $190,000 $3,292 3.39%
SAN ANGELO, TX 17 $3,345,000 $196,765 $4,141 3.62%
LAKE CHARLES, LA 17 $3,315,000 $195,000 $4,203 3.34%
SPRINGFIELD, IL 16 $3,260,000 $203,750 $2,347 3.84%
BOWLING GREEN, KY 14 $3,250,000 $232,143 $5,023 3.24%
BATTLE CREEK, MI 19 $3,245,000 $170,789 $3,326 3.24%
LUBBOCK, TX 15 $3,185,000 $212,333 $3,720 3.38%
EVANSVILLE, IN-KY 15 $3,075,000 $205,000 $3,589 3.22%
TEXARKANA, TX-AR 16 $3,070,000 $191,875 $3,284 3.50%
CHAMPAIGN-URBANA, IL 16 $3,040,000 $190,000 $3,202 3.25%
FLORENCE-MUSCLE SHOALS, AL 16 $3,030,000 $189,375 $2,956 3.47%
TOPEKA, KS 18 $3,020,000 $167,778 $2,653 3.90%
JACKSON, MI 16 $2,920,000 $182,500 $3,483 3.30%
ALEXANDRIA, LA 14 $2,910,000 $207,857 $4,412 3.37%
HAMMOND, LA 13 $2,905,000 $223,462 $4,186 3.44%
LAREDO, TX 13 $2,905,000 $223,462 $4,592 3.37%
ELKHART-GOSHEN, IN 14 $2,900,000 $207,143 $5,862 4.12%
IOWA CITY, IA 9 $2,865,000 $318,333 $5,825 3.10%
TWIN FALLS, ID 13 $2,855,000 $219,615 $4,925 3.06%
MIDLAND, MI 13 $2,815,000 $216,538 $5,237 3.24%
GRANTS PASS, OR 10 $2,790,000 $279,000 $7,762 3.16%
LOGAN, UT-ID 10 $2,740,000 $274,000 $4,960 3.43%
ROME, GA 12 $2,670,000 $222,500 $3,919 3.21%
EAU CLAIRE, WI 13 $2,615,000 $201,154 $2,500 3.27%
TERRE HAUTE, IN 14 $2,600,000 $185,714 $2,669 3.46%
BINGHAMTON, NY 18 $2,560,000 $142,222 $3,225 3.97%
CARSON CITY, NV 8 $2,530,000 $316,250 $8,035 3.97%
FARGO, ND-MN 8 $2,530,000 $316,250 $7,253 3.39%
CORVALLIS, OR 8 $2,520,000 $315,000 $7,763 2.98%
CAPE GIRARDEAU, MO-IL 12 $2,510,000 $209,167 $3,261 3.67%
CHARLESTON, WV 15 $2,485,000 $165,667 $2,753 3.63%
JANESVILLE-BELOIT, WI 15 $2,485,000 $165,667 $2,623 4.10%
BLOOMSBURG-BERWICK, PA 10 $2,440,000 $244,000 $3,130 3.36%
JOPLIN, MO 13 $2,415,000 $185,769 $4,792 3.04%
ST. CLOUD, MN 10 $2,410,000 $241,000 $3,276 3.50%
ST. JOSEPH, MO-KS 15 $2,395,000 $159,667 $2,466 3.46%
BECKLEY, WV 15 $2,385,000 $159,000 $3,449 3.58%
MADERA, CA 9 $2,375,000 $263,889 $5,066 3.33%
JONESBORO, AR 10 $2,340,000 $234,000 $3,281 3.65%
BAY CITY, MI 14 $2,320,000 $165,714 $3,521 3.14%
GRAND FORKS, ND-MN 8 $2,290,000 $286,250 $4,716 3.03%
MICHIGAN CITY-LA PORTE, IN 14 $2,220,000 $158,571 $3,967 3.61%
BLOOMINGTON, IL 13 $2,185,000 $168,077 $2,837 2.88%
BISMARCK, ND 6 $2,180,000 $363,333 $6,254 3.17%
PITTSFIELD, MA 10 $2,180,000 $218,000 $3,474 2.91%
SPRINGFIELD, OH 15 $2,145,000 $143,000 $3,332 3.83%
SIOUX CITY, IA-NE-SD 11 $2,125,000 $193,182 $4,896 2.85%
WAUSAU-WESTON, WI 11 $2,105,000 $191,364 $2,521 3.00%
POCATELLO, ID 10 $2,050,000 $205,000 $4,544 3.84%
VINELAND-BRIDGETON, NJ 11 $1,985,000 $180,455 $3,434 3.52%
KANKAKEE, IL 11 $1,905,000 $173,182 $3,365 3.22%
WILLIAMSPORT, PA 11 $1,895,000 $172,273 $4,874 3.71%
MANSFIELD, OH 13 $1,835,000 $141,154 $2,950 2.93%
JEFFERSON CITY, MO 8 $1,820,000 $227,500 $4,387 3.13%
LA CROSSE-ONALASKA, WI-MN 9 $1,795,000 $199,444 $3,694 3.21%
FARMINGTON, NM 10 $1,780,000 $178,000 $6,049 3.75%
WEIRTON-STEUBENVILLE, WV-OH 13 $1,775,000 $136,538 $3,714 3.44%
LEWISTON, ID-WA 8 $1,750,000 $218,750 $3,683 3.80%
OWENSBORO, KY 8 $1,750,000 $218,750 $3,583 3.05%
VICTORIA, TX 9 $1,685,000 $187,222 $3,404 3.10%
ALTOONA, PA 7 $1,625,000 $232,143 $4,039 3.16%
CASPER, WY 6 $1,620,000 $270,000 $1,899 3.23%
MUSKEGON, MI 9 $1,595,000 $177,222 $5,900 3.51%
ITHACA, NY 7 $1,555,000 $222,143 $3,881 3.96%
MUNCIE, IN 10 $1,500,000 $150,000 $3,054 3.44%
MIDLAND, TX 8 $1,490,000 $186,250 $4,303 3.37%
OSHKOSH-NEENAH, WI 7 $1,455,000 $207,857 $2,902 3.74%
CARBONDALE-MARION, IL 9 $1,435,000 $159,444 $3,063 3.17%
DALTON, GA 12 $1,420,000 $118,333 $2,939 3.84%
LIMA, OH 6 $1,410,000 $235,000 $5,909 3.25%
PARKERSBURG-VIENNA, WV 7 $1,355,000 $193,571 $3,692 3.13%
AMES, IA 8 $1,330,000 $166,250 $3,741 3.25%
SHEBOYGAN, WI 8 $1,300,000 $162,500 $3,026 3.41%
MANKATO, MN 6 $1,280,000 $213,333 $2,038 3.31%
GADSDEN, AL 10 $1,240,000 $124,000 $1,301 3.34%
SAGINAW, MI 8 $1,230,000 $153,750 $2,707 3.42%
WALLA WALLA, WA 3 $1,225,000 $408,333 $12,784 3.54%
JOHNSTOWN, PA 10 $1,210,000 $121,000 $2,674 3.35%
ODESSA, TX 6 $1,210,000 $201,667 $5,201 3.98%
DUBUQUE, IA 5 $1,185,000 $237,000 $5,448 3.20%
CUMBERLAND, MD-WV 6 $1,170,000 $195,000 $3,990 4.76%
HOT SPRINGS, AR 7 $1,155,000 $165,000 $1,709 3.16%
WATERLOO-CEDAR FALLS, IA 9 $1,155,000 $128,333 $2,923 3.51%
DECATUR, IL 9 $1,155,000 $128,333 $3,056 3.26%
MONROE, LA 7 $1,125,000 $160,714 $4,553 3.09%
FOND DU LAC, WI 6 $1,060,000 $176,667 $4,229 2.75%
ELMIRA, NY 7 $985,000 $140,714 $4,277 3.70%
ENID, OK 6 $980,000 $163,333 $3,031 3.29%
ANNISTON-OXFORD, AL 9 $835,000 $92,778 $3,355 3.61%
COLUMBUS, IN 4 $820,000 $205,000 $1,287 2.88%
WHEELING, WV-OH 5 $725,000 $145,000 $4,400 3.60%
GRAND ISLAND, NE 3 $715,000 $238,333 $8,575 2.71%
KOKOMO, IN 4 $690,000 $172,500 $2,656 3.28%
PINE BLUFF, AR 4 $520,000 $130,000 $3,115 3.78%
DANVILLE, IL 4 $380,000 $95,000 $1,741 3.50%

Navy Federal Credit Union's top markets include Washington, San Diego, Virginia Beach, Baltimore, and Atlanta among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 31,170 $9,555,720,000 $306,568
2.5-3% 24,298 $7,816,510,000 $321,694
<2.5% 11,592 $3,361,930,000 $290,022
4-5% 8,994 $2,456,980,000 $273,180
5-6% 2,593 $444,725,000 $171,510
Over 8% 1,001 $53,245,000 $53,192
6-7% 743 $54,125,000 $72,847
7-8% 664 $41,500,000 $62,500

During 2020, Navy Federal Credit Union's average interest rate was 3.38%, while their most frequently originated rate bucket was 3-4%, with 31,170 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 36,376 $10,366,650,000 $284,986 $5,463 3.24%
$100k-200k 19,744 $3,046,510,000 $154,301 $3,552 3.34%
$400k-600k 11,756 $5,662,650,000 $481,682 $7,857 3.19%
$100,000 or less 7,834 $488,690,000 $62,381 $1,853 4.89%
$600k-1MM 4,686 $3,397,870,000 $725,111 $10,485 3.18%
$1MM+ 659 $822,365,000 $1,247,898 $16,047 3.07%

2020 saw Navy Federal Credit Union place emphasis on $200k-400k loans with 36,376 originations, totaling $10,366,650,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 18,837 $5,658,395,000 $300,387 $5,908 3.44%
$50k-75k 14,490 $2,918,110,000 $201,388 $4,734 3.52%
$150k-250k 13,894 $5,411,870,000 $389,511 $6,690 3.37%
$75k-100k 13,643 $3,340,655,000 $244,862 $5,405 3.51%
$50k or less 7,850 $1,322,720,000 $168,499 $3,521 3.50%
$250k+ 4,529 $2,554,205,000 $563,967 $8,220 3.22%

Navy Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 18,837 originations. The second most popular income band? $50k-75k, with 14,490 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 16,826 $4,773,630,000 $283,706 $5,290 3.22%
30-36% 12,578 $3,694,850,000 $293,755 $5,673 3.43%
<20% 10,863 $2,932,635,000 $269,965 $4,424 2.98%
50-60% 6,557 $1,990,725,000 $303,603 $6,609 3.85%
39% 2,218 $657,220,000 $296,312 $5,911 3.61%
36% 2,191 $643,025,000 $293,485 $5,766 3.51%
37% 2,173 $637,635,000 $293,435 $5,802 3.57%
42% 2,156 $661,270,000 $306,712 $6,143 3.61%
41% 2,134 $632,910,000 $296,584 $6,032 3.61%
38% 2,116 $624,300,000 $295,038 $5,823 3.58%
40% 2,078 $621,490,000 $299,081 $5,847 3.60%
44% 2,023 $584,735,000 $289,043 $5,749 3.71%
43% 1,974 $579,760,000 $293,698 $5,911 3.63%
45% 1,843 $558,315,000 $302,938 $5,925 3.70%
47% 1,696 $528,810,000 $311,798 $6,367 3.75%
46% 1,664 $497,160,000 $298,774 $6,060 3.75%
48% 1,518 $451,110,000 $297,174 $6,060 3.78%
49% 1,481 $428,395,000 $289,261 $5,822 3.83%
>60% 1,356 $386,650,000 $285,140 $5,876 4.06%

Navy Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 16,826 originations. The next most common DTI ratio? 30-36%, with 12,578 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 53,693 $15,589,985,000 $290,354 $5,455 3.36%
Black 12,112 $3,272,840,000 $270,215 $5,385 3.71%
Not provided 9,065 $2,866,265,000 $316,190 $5,629 3.35%
Asian 3,450 $1,198,440,000 $347,374 $5,940 3.30%
American Indian 1,265 $348,275,000 $275,316 $5,560 3.44%
Filipino 532 $188,150,000 $353,665 $6,280 3.34%
Native Hawaiian 247 $74,675,000 $302,328 $6,693 3.48%
Asian Indian 162 $70,800,000 $437,037 $5,093 3.06%
Other Asian 123 $44,015,000 $357,846 $5,984 3.36%
Vietnamese 77 $26,905,000 $349,416 $5,530 3.19%
Chinese 59 $24,335,000 $412,458 $6,638 3.34%
Other Pacific Islander 83 $22,295,000 $268,614 $4,962 3.38%
Korean 63 $22,145,000 $351,508 $5,387 3.22%
Guamanian 36 $13,190,000 $366,389 $7,642 3.42%
Not applicable 42 $9,180,000 $218,571 $0 5.08%
Japanese 28 $6,920,000 $247,143 $4,396 3.12%
Samoan 10 $4,240,000 $424,000 $7,934 3.21%
Native Hawiian 8 $2,080,000 $260,000 $4,020 3.84%

Approval Rates

Total approvals of all applications
80.25%

Navy Federal Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
39.86%

Navy Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 81,055 $23,784,735,000 $293,439

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 16 $4,610,000 $288,125
Single Family (1-4 Units):Manufactured 868 $139,420,000 $160,622
Single Family (1-4 Units):Site-Built 80,171 $23,640,705,000 $294,879

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 4,001 $629,495,000 $157,334 $3,066 3.69%
40-60% 7,708 $1,884,710,000 $244,513 $4,395 2.81%
60-80% 15,726 $4,898,920,000 $311,517 $5,263 2.95%
80-100% 38,644 $12,186,530,000 $315,354 $5,423 3.50%
Over 100% 6,036 $2,089,710,000 $346,208 $11,438 3.45%
Under 20% 3,371 $203,875,000 $60,479 $1,021 6.31%