Navigator Cu Mortgage Rates, Fees & Info

Pascagoula, MS

LEI: 5493006OZEG7DK77IP05

Tax ID: 64-0179401

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Navigator Cu is a smaller mortgage company specializing in Home Purchase, Cash Out Refi, and Refi loans. Navigator Cu has a high proportion of conventional loans. Their top markets by origination volume include: Mobile, Gulfport, Daphne, and Jackson among others. We have data for 5 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.10%	12/16/24
30 Year Conventional Refi	5.11%	12/16/24
30 Year Cash-out Refi	6.57%	12/16/24
30 Year USDA Purchase	6.27%	12/16/24
30 Year USDA Refi	6.27%	12/16/24
15 Year Conventional Purchase	6.05%	12/16/24
15 Year Conventional Refi	6.42%	12/16/24
15 Year Cash-out Refi	6.42%	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.

Navigator Cu Mortgage Calculator

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This is not an official calculator from Navigator Cu. 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

Origination Dollar Volume (All Markets)

$7,375,000

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
MOBILE, AL (FHA\|USDA\|VA)	15	$3,255,000	$217,000	$4,070	5.20%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	25	$2,995,000	$119,800	$3,160	5.17%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	2	$720,000	$360,000	$6,012	6.00%
JACKSON, MS (FHA\|USDA\|VA)	1	$305,000	$305,000	$5,425	4.38%
Outside of Metro Areas	2	$100,000	$50,000	$2,180	5.00%

Navigator Cu's top markets include Mobile, Gulfport, Daphne, and Jackson among others.

Their top states include:

Alabama (FHA|USDA|VA)

Mississippi (FHA|USDA|VA)

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.

Gulf Coast Community Federal Credit Union
Similarity Rank: 42

New Horizons Credit Union
Similarity Rank: 140

AMERICA'S FIRST
Similarity Rank: 391

River Bank & Trust
Similarity Rank: 931

HOMETRUST MORTGAGE COMPANY
Similarity Rank: 1320

Tyndall Federal Credit Union
Similarity Rank: 1404

KEESLER
Similarity Rank: 1596

DSLD MORTGAGE, LLC
Similarity Rank: 1976

AMERICAN HOME LENDING USA, LLC
Similarity Rank: 2528

First Federal Bank, A FSB
Similarity Rank: 3774

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	45	$7,375,000	$163,889	$3,597	5.19%

For 2022, Navigator Cu's most frequently originated type of loan was Conventional, with 45 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	17	$2,785,000	$163,824	$3,605	5.73%
Cash Out Refi	15	$1,885,000	$125,667	$3,140	4.75%
Refi	12	$2,640,000	$220,000	$4,302	4.80%
Home Improvement	1	$65,000	$65,000	$1,851	7.38%

For 2022, Navigator Cu's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
15 Year	22	$3,130,000	$142,273	$3,225	4.94%
30 Year	15	$2,605,000	$173,667	$3,868	5.85%
20 Year	5	$1,475,000	$295,000	$5,214	4.93%
10 Year	3	$165,000	$55,000	$2,272	4.21%

For 2022, Navigator Cu's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 30 Year, with 15 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	16	$910,000	$56,875
$1k-2k	14	$1,650,000	$117,857
$2k-3k	8	$1,700,000	$212,500
$3k-4k	4	$1,260,000	$315,000
$5k+	2	$1,550,000	$775,000
$4k-5k	1	$305,000	$305,000

Navigator Cu's average total fees were $3,868, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	11	$1,855,000	$168,636
5-6%	10	$2,060,000	$206,000
6-7%	8	$810,000	$101,250
3-4%	6	$1,840,000	$306,667
7-8%	5	$375,000	$75,000
2.5-3%	3	$245,000	$81,667
Over 8%	1	$115,000	$115,000
<2.5%	1	$75,000	$75,000

During 2022, Navigator Cu's average interest rate for loans was 5.85%, while their most frequently originated rate bucket for loans was 4-5%, with 11 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	19	$1,085,000	$57,105	$2,257	5.17%
$100k-200k	13	$1,795,000	$138,077	$3,209	5.70%
$200k-400k	11	$2,945,000	$267,727	$5,050	4.74%
$400k-600k	1	$555,000	$555,000	$8,260	5.50%
$600k-1MM	1	$995,000	$995,000	$13,459	3.63%

2022 saw Navigator Cu place emphasis on $100,000 or less loans with 19 originations, totaling $1,085,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	12	$1,440,000	$120,000	$3,002	5.54%
$100k-150k	11	$1,855,000	$168,636	$3,782	5.00%
$75k-100k	9	$935,000	$103,889	$2,737	4.81%
$150k-250k	6	$1,230,000	$205,000	$4,101	5.15%
$50k or less	4	$260,000	$65,000	$2,771	5.94%
$250k+	3	$1,655,000	$551,667	$7,971	4.75%

Navigator Cu lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
<20%	10	$1,250,000	$125,000	$3,054	5.13%
30-36%	9	$2,665,000	$296,111	$5,241	4.68%
20-30%	9	$1,545,000	$171,667	$3,749	4.51%
38%	6	$580,000	$96,667	$2,740	6.15%
41%	2	$370,000	$185,000	$4,191	4.31%
43%	2	$120,000	$60,000	$2,032	4.06%
49%	1	$305,000	$305,000	$6,539	5.88%
50-60%	1	$35,000	$35,000	$1,985	5.13%
36%	1	$115,000	$115,000	$2,681	8.13%
37%	1	$215,000	$215,000	$3,968	5.50%
39%	1	$45,000	$45,000	$1,905	6.13%
40%	1	$65,000	$65,000	$2,607	7.88%
44%	1	$65,000	$65,000	$1,851	7.38%

Navigator Cu lent most frequently to those with DTI ratios of <20%, with 10 originations. The next most common DTI ratio? 30-36%, with 9 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	30	$5,020,000	$167,333	$3,657	5.21%
Black	7	$1,025,000	$146,429	$3,099	5.64%
Not provided	7	$1,025,000	$146,429	$3,418	4.57%
Asian	1	$305,000	$305,000	$6,539	5.88%

Approval Rates

Total approvals of all applications
69.03%

Navigator Cu has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
37.78%

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	45	$7,375,000	$163,889

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	45	$7,375,000	$163,889

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	7	$925,000	$132,143	$3,141	5.11%
40-60%	4	$520,000	$130,000	$3,200	4.28%
60-80%	19	$3,625,000	$190,789	$3,852	5.07%
80-100%	12	$2,180,000	$181,667	$4,007	5.49%
Under 20%	3	$125,000	$41,667	$1,933	6.21%