National Institutes Of Health Federal Credit Union Mortgage Rates, Fees & Info
Rockville, MDLEI: 5493007KLU19FK8PG279
Tax ID: 52-0599025
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Mortgage Data
Review & Overview
National Institutes Of Health Federal Credit Union is a smaller credit union specializing in Refi and Cash Out 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, Raleigh, Durham, and Salisbury among others. We have data for 22 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.
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 | 6.29% | 4/21/24 |
| 30 Year Conventional Refi | 6.35% | 4/21/24 |
| 30 Year Cash-out Refi | 6.37% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 5.87% | 4/21/24 |
| 15 Year Cash-out Refi | 5.87% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
593Origination Dollar Volume (All Markets)
$192,055,000Top 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) | 460 | $152,000,000 | $330,435 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 81 | $26,685,000 | $329,444 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $2,715,000 | $301,667 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,420,000 | $236,667 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,220,000 | $305,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,220,000 | $203,333 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,055,000 | $211,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 593 | $192,055,000 | $323,870 | $0 | 0.00% |
For 2020, National Institutes Of Health Federal Credit Union's most frequently originated type of loan was Conventional, with 593 originations.
Loan Reason
For 2020, National Institutes Of Health Federal Credit Union's most frequently cited loan purpose was Refi, with 335 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 593 | $192,055,000 | $323,870 | $0 | 0.00% |
For 2020, National Institutes Of Health Federal Credit Union's most frequently cited loan duration was Other, with 593 originations.
Loan Sizing
2020 saw National Institutes Of Health Federal Credit Union place emphasis on $200k-400k loans with 304 originations, totaling $90,190,000 in origination value.
Applicant Income
National Institutes Of Health Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 213 originations. The second most popular income band? $150k-250k, with 178 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 593 | $192,055,000 | $323,870 | $0 | 0.00% |
National Institutes Of Health Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 593 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.99%
National Institutes Of Health Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.98%
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 |
|---|---|---|---|
| Exempt | 593 | $192,055,000 | $323,870 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 593 | $192,055,000 | $323,870 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| National Default Servicing Corporation | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |
| National Default Servicing Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |