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

Rockville, MD

LEI: 5493007KLU19FK8PG279

Tax ID: 52-0599025

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    National Institutes Of Health Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. National Institutes Of Health Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Durham, Raleigh, and Salisbury among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    National Institutes Of Health Federal Credit Union has an above 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 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.

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

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.29% 12/16/24
    30 Year Conventional Refi 6.35% 12/16/24
    30 Year Cash-out Refi 6.37% 12/16/24
    15 Year Conventional Purchase 5.68% 12/16/24
    15 Year Conventional Refi 5.87% 12/16/24
    15 Year Cash-out Refi 5.87% 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.

    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

    383

    Origination Dollar Volume (All Markets)

    $108,615,000

    Awards

    NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION 30 Year Conventional Loans gold NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION 30 Year Conventional Loans gold NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION 30 Year Conventional Loans gold
    Show all (3) awards

    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) 305 $89,175,000 $292,377 $4,679 3.91%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 37 $9,585,000 $259,054 $4,601 4.06%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $2,230,000 $278,750 $4,709 3.50%
    RALEIGH-CARY, NC (FHA|USDA|VA) 8 $1,950,000 $243,750 $4,022 3.55%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,180,000 $295,000 $5,768 4.32%
    RICHMOND, VA (FHA|USDA|VA) 3 $655,000 $218,333 $3,941 4.62%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $525,000 $175,000 $3,281 4.62%
    WINSTON-SALEM, NC (FHA|USDA|VA) 2 $490,000 $245,000 $3,727 3.63%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $490,000 $245,000 $4,792 3.69%
    WILMINGTON, NC (FHA|USDA|VA) 1 $405,000 $405,000 $4,307 3.25%
    Outside of Metro Areas 2 $390,000 $195,000 $4,414 3.44%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $355,000 $118,333 $2,843 3.38%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $325,000 $325,000 $5,449 3.25%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $255,000 $255,000 $4,074 3.63%
    ROANOKE, VA (FHA|USDA|VA) 1 $245,000 $245,000 $4,958 4.00%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $2,782 2.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $135,000 $135,000 $3,635 4.00%
    National Institutes Of Health Federal Credit Union's top markets include Washington, Baltimore, Durham, Raleigh, and Salisbury among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Delaware (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.

    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218
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    FIRST FINANCIAL OF MARYLAND
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    APL
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    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
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    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
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    NYMEO FEDERAL CREDIT UNION
    Similarity Rank: 697
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 828
    ACNB Bank
    Similarity Rank: 840
    IDB Global Federal Credit Union
    Similarity Rank: 1182

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 383 $108,615,000 $283,590 $4,618 3.90%

    For 2019, National Institutes Of Health Federal Credit Union's most frequently originated type of loan was Conventional, with 383 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $46,905,000 $332,660 $5,351 3.69%
    Refi 107 $37,985,000 $355,000 $5,080 3.30%
    Cash Out Refi 74 $19,910,000 $269,054 $4,519 3.89%
    Home Improvement 42 $2,530,000 $60,238 $749 5.50%
    Other 19 $1,285,000 $67,632 $951 5.46%

    For 2019, National Institutes Of Health Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Refi, with 107 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 230 $82,360,000 $358,087 $5,343 3.59%
    15 Year 64 $14,660,000 $229,063 $4,082 3.90%
    10 Year 40 $3,330,000 $83,250 $1,683 4.91%
    20 Year 32 $7,560,000 $236,250 $3,664 4.56%
    5 Year 17 $705,000 $41,471 $503 4.64%

    For 2019, National Institutes Of Health Federal Credit Union's most frequently cited loan duration was 30 Year, with 230 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 94 $29,020,000 $308,723
    $<1k 85 $7,215,000 $84,882
    $3k-4k 79 $30,495,000 $386,013
    $1k-2k 66 $14,380,000 $217,879
    $4k-5k 43 $20,785,000 $483,372
    $5k+ 13 $6,655,000 $511,923

    National Institutes Of Health Federal Credit Union's average total fees were $5,343, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 233 $79,025,000 $339,163
    2.5-3% 55 $18,545,000 $337,182
    4-5% 48 $7,240,000 $150,833
    6-7% 24 $2,030,000 $84,583
    5-6% 18 $1,570,000 $87,222
    7-8% 5 $205,000 $41,000

    During 2019, National Institutes Of Health Federal Credit Union's average interest rate for loans was 3.59%, while their most frequently originated rate bucket for loans was 3-4%, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 175 $52,465,000 $299,800 $4,989 3.56%
    $400k-600k 69 $32,365,000 $469,058 $6,460 3.46%
    $100,000 or less 68 $3,450,000 $50,735 $813 5.40%
    $100k-200k 56 $8,830,000 $157,679 $3,066 3.86%
    $600k-1MM 14 $10,240,000 $731,429 $7,519 3.35%
    $1MM+ 1 $1,265,000 $1,265,000 $13,388 3.88%

    2019 saw National Institutes Of Health Federal Credit Union place emphasis on $200k-400k loans with 175 originations, totaling $52,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $38,740,000 $261,757 $4,403 3.93%
    $150k-250k 98 $34,710,000 $354,184 $5,535 3.73%
    $75k-100k 61 $14,295,000 $234,344 $4,399 4.03%
    $250k+ 34 $12,920,000 $380,000 $5,140 4.11%
    $50k-75k 32 $6,040,000 $188,750 $3,098 3.87%
    $50k or less 7 $1,025,000 $146,429 $3,041 3.48%

    National Institutes Of Health Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 114 $33,170,000 $290,965 $4,859 3.74%
    30-36% 83 $22,405,000 $269,940 $4,408 3.86%
    <20% 44 $13,140,000 $298,636 $5,005 3.47%
    38% 19 $4,905,000 $258,158 $4,212 4.07%
    37% 14 $4,040,000 $288,571 $5,477 3.65%
    36% 14 $3,810,000 $272,143 $4,825 4.09%
    41% 14 $4,700,000 $335,714 $4,877 4.00%
    39% 14 $3,880,000 $277,143 $3,901 4.43%
    45% 11 $3,325,000 $302,273 $5,271 3.78%
    40% 11 $3,455,000 $314,091 $5,296 4.30%
    44% 10 $2,500,000 $250,000 $3,583 4.64%
    42% 9 $2,125,000 $236,111 $3,107 4.86%
    50-60% 7 $1,075,000 $153,571 $2,650 4.89%
    43% 5 $1,085,000 $217,000 $2,713 5.01%
    46% 4 $1,370,000 $342,500 $4,265 3.59%
    48% 4 $1,360,000 $340,000 $5,110 3.66%
    49% 4 $1,590,000 $397,500 $3,815 4.22%
    47% 2 $680,000 $340,000 $4,853 3.81%

    National Institutes Of Health Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 114 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 167 $47,645,000 $285,299 $4,680 3.88%
    Asian 74 $22,470,000 $303,649 $4,833 3.78%
    Not provided 66 $18,330,000 $277,727 $4,512 3.97%
    Black 50 $11,000,000 $220,000 $4,038 4.22%
    Asian Indian 15 $5,305,000 $353,667 $4,864 3.91%
    Chinese 4 $1,470,000 $367,500 $5,439 2.97%
    Korean 3 $765,000 $255,000 $3,605 3.63%
    American Indian 1 $675,000 $675,000 $7,589 2.75%
    Other Asian 2 $600,000 $300,000 $4,848 3.75%
    Filipino 1 $355,000 $355,000 $6,328 3.88%

    Approval Rates

    Total approvals of all applications
    93.81%

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

    Pick Rate

    Approvals leading to origination
    63.45%

    National Institutes Of Health 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 383 $108,615,000 $283,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 383 $108,615,000 $283,590

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $4,565,000 $138,333 $2,145 4.69%
    40-60% 58 $16,990,000 $292,931 $4,892 3.34%
    60-80% 131 $46,065,000 $351,641 $5,225 3.52%
    80-100% 101 $37,885,000 $375,099 $5,773 3.54%
    Under 20% 60 $3,110,000 $51,833 $723 5.47%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    National Loan Investors LP Conventional home mortgage Trouble during payment process 1 100.0%