Northrop Grumman Federal Credit Union Mortgage Rates, Fees & Info
Gardena, CALEI: 5493009D2COWW65B8673
Tax ID: 95-6040815
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Northrop Grumman Federal Credit Union is a smaller credit union specializing in loans. Northrop Grumman Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Baltimore, Riverside, Palm Bay, and San Diego among others. We have data for 91 markets. (Some data included below & more in-depth data is available with an active subscription.)Northrop Grumman 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. Northrop Grumman 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.50% | 3/19/23 |
| 30 Year Conventional Refi | 6.46% | 3/19/23 |
| 30 Year Cash-out Refi | 6.58% | 3/19/23 |
| 15 Year Conventional Refi | 5.85% | 3/19/23 |
| 15 Year Cash-out Refi | 5.85% | 3/19/23 |
| 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. | ||
Originations
701Origination Dollar Volume (All Markets)
$220,175,000Awards
NORTHROP GRUMMAN Federal Credit Union - 2021
NORTHROP GRUMMAN Federal Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Northrop Grumman Federal Credit Union's average 30 year fixed mortgage rate was
3%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.15%.
Relative Fees (Closing Costs)
Northrop Grumman Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,907.
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 $4,750.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 237 | $84,885,000 | $358,165 | $3,675 | 2.82% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 89 | $24,925,000 | $280,056 | $3,421 | 2.77% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 55 | $16,975,000 | $308,636 | $3,733 | 2.87% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 50 | $12,840,000 | $256,800 | $3,893 | 2.78% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 26 | $10,970,000 | $421,923 | $3,729 | 2.83% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 26 | $8,710,000 | $335,000 | $3,291 | 2.83% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 25 | $6,815,000 | $272,600 | $3,602 | 2.86% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 23 | $5,885,000 | $255,870 | $3,076 | 2.67% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 10 | $2,270,000 | $227,000 | $3,589 | 3.16% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 5 | $2,195,000 | $439,000 | $3,003 | 3.03% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 10 | $2,070,000 | $207,000 | $4,224 | 2.80% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $3,517 | 2.85% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $5,973 | 2.79% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,755,000 | $351,000 | $3,527 | 2.73% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $10,837 | 3.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $1,515,000 | $303,000 | $3,055 | 2.50% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $1,425,000 | $285,000 | $4,088 | 2.48% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $4,633 | 3.08% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $3,574 | 2.75% |
| RENO, NV (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $4,832 | 3.19% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $4,061 | 2.68% |
| Outside of Metro Areas | 4 | $1,220,000 | $305,000 | $3,533 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $4,079 | 2.65% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,190,000 | $595,000 | $3,010 | 2.75% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $5,272 | 2.92% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $3,910 | 2.78% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $2,554 | 3.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,352 | 2.41% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $3,102 | 2.83% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $3,977 | 2.50% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,159 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,233 | 2.83% |
| Corinth, MS (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,337 | 3.25% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $4,114 | 2.81% |
| Crossville, TN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,001 | 2.88% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,026 | 3.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,921 | 2.69% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,992 | 3.13% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,580 | 2.38% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,212 | 2.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,521 | 2.38% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,996 | 3.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,026 | 2.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,658 | 2.63% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $5,117 | 2.94% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,640 | 3.25% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,541 | 3.25% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,903 | 2.69% |
| Pahrump, NV (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,094 | 3.13% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,951 | 2.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $4,147 | 2.81% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,871 | 2.88% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,809 | 2.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,542 | 2.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,803 | 3.13% |
| TYLER, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,748 | 2.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,946 | 2.38% |
| CARSON CITY, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,427 | 2.88% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,307 | 2.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,551 | 2.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,810 | 3.25% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,813 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,396 | 2.88% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,566 | 3.25% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,794 | 2.88% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,649 | 3.13% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,076 | 3.63% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,170 | 2.75% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,841 | 3.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,346 | 2.25% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,482 | 2.13% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,666 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,181 | 2.50% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,170 | 2.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,316 | 2.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,839 | 3.13% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,871 | 3.13% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,327 | 2.63% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,837 | 2.75% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,783 | 2.63% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,761 | 2.63% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,094 | 3.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,237 | 2.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,752 | 2.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,748 | 2.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,161 | 2.50% |
| Easton, MD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,278 | 3.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,225 | 2.50% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,980 | 2.13% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,470 | 3.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,377 | 2.13% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 701 | $220,175,000 | $314,087 | $3,672 | 2.81% |
For 2021, Northrop Grumman Federal Credit Union's most frequently originated type of loan was Conventional, with 701 originations.
Loan Reason
For 2021, Northrop Grumman Federal Credit Union's most frequently cited loan purpose was Refi, with 696 originations. The 2nd most popular reason was Cash Out Refi, with 4 originations.
Loan Duration/Length
For 2021, Northrop Grumman Federal Credit Union's most frequently cited loan duration was 30 Year, with 437 originations. The 2nd most popular length was 15 Year, with 179 originations.
Origination Fees/Closing Costs
Northrop Grumman Federal Credit Union's average total fees were $3,907, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 379 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 319 | $98,395,000 | $308,448 |
| <2.5% | 202 | $51,630,000 | $255,594 |
| 3-4% | 174 | $67,690,000 | $389,023 |
| 4-5% | 6 | $2,460,000 | $410,000 |
During 2021, Northrop Grumman Federal Credit Union's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 319 originations.
Loan Sizing
2021 saw Northrop Grumman Federal Credit Union place emphasis on $200k-400k loans with 356 originations, totaling $103,280,000 in origination value.
Applicant Income
Northrop Grumman Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 207 originations. The second most popular income band? $100k-150k, with 201 originations.
Applicant Debt to Income Ratio
Northrop Grumman Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 226 originations. The next most common DTI ratio? 30-36%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.31%
Northrop Grumman Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination67.48%
Northrop Grumman 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 | 701 | $220,175,000 | $314,087 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Northern Trust Company, The | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |