National Institutes Of Health Federal Credit Union Mortgage Rates, Fees & Info

Rockville, MD

LEI: 5493007KLU19FK8PG279

Tax ID: 52-0599025

5 stars - Updated: 4/18/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

National Institutes Of Health Federal Credit Union is a smaller credit union specializing in Home Purchase loans. National Institutes Of Health Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Raleigh, Durham, and Salisbury among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

National Institutes Of Health Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. National Institutes Of Health Federal Credit Union is typically an average 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 6.29% 4/18/24
30 Year Conventional Refi 6.35% 4/18/24
30 Year Cash-out Refi 6.37% 4/18/24
15 Year Conventional Purchase 5.68% 4/18/24
15 Year Conventional Refi 5.87% 4/18/24
15 Year Cash-out Refi 5.87% 4/18/24
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.

National Institutes Of Health Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from National Institutes Of Health Federal Credit Union. 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

189

Origination Dollar Volume (All Markets)

$38,745,000

Awards

NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

National Institutes Of Health Federal Credit Union's average 30 year fixed mortgage rate was 6.43%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.05%.

Relative Fees (Closing Costs)

National Institutes Of Health Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,630.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 141 $29,815,000 $211,454 $2,179 6.82%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 25 $3,885,000 $155,400 $1,999 7.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,290,000 $645,000 $7,218 6.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $645,000 $215,000 $2,386 6.95%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $565,000 $565,000 $6,950 6.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $535,000 $535,000 $8,696 6.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $375,000 $125,000 $1,333 7.08%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $315,000 $315,000 $5,167 7.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $305,000 $305,000 $12,668 7.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $215,000 $71,667 $305 6.56%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 7.89%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $165,000 $165,000 $595 9.59%
LYNCHBURG, VA (FHA|USDA|VA) 1 $145,000 $145,000 $550 10.84%
RICHMOND, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.99%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,946 7.13%
Outside of Metro Areas 1 $55,000 $55,000 $725 6.24%
GETTYSBURG, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.99%
WILMINGTON, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.74%
National Institutes Of Health Federal Credit Union's top markets include Washington, Baltimore, Raleigh, Durham, and Salisbury among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SCIENT Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $38,745,000 $205,000 $2,238 6.90%

    For 2023, National Institutes Of Health Federal Credit Union's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $26,125,000 $475,000 $6,875 6.39%
    Cash Out Refi 48 $5,350,000 $111,458 $453 7.34%
    Home Improvement 43 $3,405,000 $79,186 $52 6.74%
    Other 41 $3,295,000 $80,366 $314 7.25%
    Refi 2 $570,000 $285,000 $4,021 6.56%

    For 2023, National Institutes Of Health Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 60 $26,960,000 $449,333 $6,630 6.43%
    10 Year 49 $3,945,000 $80,510 $91 6.60%
    15 Year 36 $4,140,000 $115,000 $330 7.62%
    20 Year 24 $2,490,000 $103,750 $302 8.69%
    5 Year 20 $1,210,000 $60,500 $83 5.56%

    For 2023, National Institutes Of Health Federal Credit Union's most frequently cited loan duration was 30 Year, with 60 originations. The 2nd most popular length was 10 Year, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 128 $11,220,000 $87,656
    $1k-2k 15 $3,415,000 $227,667
    $3k-4k 15 $8,235,000 $549,000
    $2k-3k 12 $4,510,000 $375,833
    $4k-5k 11 $6,255,000 $568,636
    $5k+ 8 $5,110,000 $638,750

    National Institutes Of Health Federal Credit Union's average total fees were $6,630, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 128 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 78 $19,940,000 $255,641
    5-6% 44 $11,980,000 $272,273
    7-8% 35 $3,995,000 $114,143
    Over 8% 27 $2,545,000 $94,259
    4-5% 5 $285,000 $57,000

    During 2023, National Institutes Of Health Federal Credit Union's average interest rate for loans was 6.43%, while their most frequently originated rate bucket for loans was 6-7%, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $4,935,000 $58,059 $117 7.03%
    $100k-200k 43 $5,725,000 $133,140 $954 7.28%
    $200k-400k 28 $7,640,000 $272,857 $4,060 6.69%
    $400k-600k 19 $9,445,000 $497,105 $7,209 6.45%
    $600k-1MM 14 $11,000,000 $785,714 $8,668 5.94%

    2023 saw National Institutes Of Health Federal Credit Union place emphasis on $100,000 or less loans with 85 originations, totaling $4,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 63 $10,125,000 $160,714 $1,903 6.93%
    $150k-250k 59 $13,955,000 $236,525 $2,809 7.05%
    $250k+ 40 $11,870,000 $296,750 $2,865 6.41%
    $75k-100k 17 $1,955,000 $115,000 $953 7.31%
    $50k-75k 9 $815,000 $90,556 $738 6.92%
    $50k or less 1 $25,000 $25,000 $0 7.99%

    National Institutes Of Health Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $150k-250k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 48 $9,220,000 $192,083 $2,375 6.63%
    30-36% 34 $8,010,000 $235,588 $2,338 6.94%
    <20% 15 $1,845,000 $123,000 $1,773 5.92%
    50-60% 10 $1,310,000 $131,000 $1,277 7.61%
    39% 9 $1,345,000 $149,444 $1,671 7.04%
    43% 7 $1,365,000 $195,000 $1,118 7.61%
    38% 7 $1,855,000 $265,000 $1,410 7.46%
    41% 7 $1,385,000 $197,857 $2,420 7.63%
    45% 6 $2,590,000 $431,667 $5,632 6.43%
    47% 6 $1,250,000 $208,333 $1,164 7.43%
    40% 6 $1,550,000 $258,333 $2,811 6.83%
    42% 6 $1,440,000 $240,000 $3,058 7.21%
    37% 6 $700,000 $116,667 $763 7.01%
    48% 6 $1,100,000 $183,333 $1,727 6.76%
    46% 5 $615,000 $123,000 $1,328 6.75%
    44% 4 $1,640,000 $410,000 $5,274 6.98%
    49% 4 $900,000 $225,000 $3,838 7.09%
    36% 3 $625,000 $208,333 $2,155 7.39%

    National Institutes Of Health Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 48 originations. The next most common DTI ratio? 30-36%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $20,535,000 $230,730 $2,577 6.84%
    Not provided 31 $5,745,000 $185,323 $1,971 6.77%
    Black 38 $4,530,000 $119,211 $1,211 7.20%
    Asian 20 $4,440,000 $222,000 $2,681 6.98%
    Asian Indian 4 $1,870,000 $467,500 $4,643 6.00%
    Other Asian 2 $980,000 $490,000 $4,872 6.83%
    American Indian 2 $260,000 $130,000 $0 7.62%
    Filipino 2 $220,000 $110,000 $25 6.49%
    Korean 1 $165,000 $165,000 $4,579 5.50%

    Approval Rates

    Total approvals of all applications
    88.45%

    National Institutes Of Health Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.02%

    National Institutes Of Health Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 189 $38,745,000 $205,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $38,745,000 $205,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,520,000 $146,667 $232 7.53%
    40-60% 12 $4,000,000 $333,333 $3,949 6.55%
    60-80% 15 $5,465,000 $364,333 $6,056 6.56%
    80-100% 38 $18,790,000 $494,474 $7,126 6.42%
    Under 20% 100 $6,970,000 $69,700 $84 7.02%