Navigator Cu Mortgage Rates, Fees & Info
Pascagoula, MSLEI: 5493006OZEG7DK77IP05
Tax ID: 64-0179401
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Mortgage Data
Review & Overview
Navigator Cu is a smaller mortgage company specializing in Home Purchase and Refi loans. Navigator Cu has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Gulfport, Mobile, and Daphne among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Navigator Cu has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Navigator Cu is typically a low 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 | 7.10% | 6/26/24 |
| 30 Year Conventional Refi | 5.11% | 6/26/24 |
| 30 Year Cash-out Refi | 6.57% | 6/26/24 |
| 30 Year USDA Purchase | 6.27% | 6/26/24 |
| 30 Year USDA Refi | 6.27% | 6/26/24 |
| 15 Year Conventional Purchase | 6.05% | 6/26/24 |
| 15 Year Conventional Refi | 6.42% | 6/26/24 |
| 15 Year Cash-out Refi | 6.42% | 6/26/24 |
| 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. | ||
Navigator Cu Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
86Origination Dollar Volume (All Markets)
$8,970,000Awards
NAVIGATOR CU - 2018
NAVIGATOR CU is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 54 | $5,360,000 | $99,259 | $2,565 | 4.58% |
| MOBILE, AL (FHA|USDA|VA) | 28 | $3,210,000 | $114,643 | $2,725 | 4.45% |
| Outside of Metro Areas | 2 | $320,000 | $160,000 | $3,559 | 4.56% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $1,801 | 4.19% |
Similar Lenders
We use machine learning to identify the top lenders compared against NAVIGATOR CU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 208
Similarity Rank: 561
Similarity Rank: 945
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Similarity Rank: 1647
Similarity Rank: 1692
Similarity Rank: 1700
Similarity Rank: 1802
Similarity Rank: 2021
Similarity Rank: 2232
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $8,555,000 | $103,072 | $2,585 | 4.52% |
| USDA | 3 | $415,000 | $138,333 | $3,659 | 4.79% |
For 2018, Navigator Cu's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2018, Navigator Cu's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
For 2018, Navigator Cu's most frequently cited loan duration was 30 Year, with 36 originations. The 2nd most popular length was 15 Year, with 31 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 42 | $3,160,000 | $75,238 |
| $1k-2k | 37 | $4,325,000 | $116,892 |
| $2k-3k | 6 | $1,270,000 | $211,667 |
| $4k-5k | 1 | $215,000 | $215,000 |
Navigator Cu's average total fees were $2,928, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 53 | $6,095,000 | $115,000 |
| 3-4% | 23 | $1,905,000 | $82,826 |
| 5-6% | 8 | $900,000 | $112,500 |
| 7-8% | 2 | $70,000 | $35,000 |
During 2018, Navigator Cu's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 53 originations.
Loan Sizing
2018 saw Navigator Cu place emphasis on $100,000 or less loans with 48 originations, totaling $3,140,000 in origination value.
Applicant Income
Navigator Cu lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $50k or less, with 22 originations.
Applicant Debt to Income Ratio
Navigator Cu lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications60.42%
Navigator Cu has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination68.60%
Navigator Cu 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 | 86 | $8,970,000 | $104,302 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $35,000 | $35,000 |
| Single Family (1-4 Units):Site-Built | 85 | $8,935,000 | $105,118 |