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, Daphne, Meridian, and Hattiesburg among others. We have data for 6 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
55Origination Dollar Volume (All Markets)
$6,535,000Awards
NAVIGATOR CU - 2019
NAVIGATOR CU is a 2019 , due to their low .
For 2019, 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) | 35 | $4,155,000 | $118,714 | $2,837 | 4.00% |
| MOBILE, AL (FHA|USDA|VA) | 13 | $1,675,000 | $128,846 | $3,059 | 3.97% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,159 | 3.56% |
| Outside of Metro Areas | 3 | $245,000 | $81,667 | $2,663 | 3.67% |
| Meridian, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,884 | 3.50% |
| HATTIESBURG, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,955 | 3.88% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $6,305,000 | $118,962 | $2,839 | 3.95% |
| USDA | 2 | $230,000 | $115,000 | $4,355 | 4.06% |
For 2019, Navigator Cu's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was USDA, with 2 originations.
Loan Reason
For 2019, Navigator Cu's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
For 2019, Navigator Cu's most frequently cited loan duration was 15 Year, with 23 originations. The 2nd most popular length was 30 Year, with 21 originations.
Origination Fees/Closing Costs
Navigator Cu's average total fees were $3,549, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 33 | $4,125,000 | $125,000 |
| 4-5% | 15 | $1,735,000 | $115,667 |
| 5-6% | 4 | $430,000 | $107,500 |
| 2.5-3% | 2 | $200,000 | $100,000 |
| 6-7% | 1 | $45,000 | $45,000 |
During 2019, Navigator Cu's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 3-4%, with 33 originations.
Loan Sizing
2019 saw Navigator Cu place emphasis on $100,000 or less loans with 25 originations, totaling $1,675,000 in origination value.
Applicant Income
Navigator Cu lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $75k-100k, with 14 originations.
Applicant Debt to Income Ratio
Navigator Cu lent most frequently to those with DTI ratios of 20-30%, with 21 originations. The next most common DTI ratio? <20%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications57.77%
Navigator Cu has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination10.91%
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 | 55 | $6,535,000 | $118,818 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 55 | $6,535,000 | $118,818 |