Northrop Grumman Federal Credit Union Mortgage Rates, Fees & Info
Gardena, CALEI: 5493009D2COWW65B8673
Tax ID: 95-6040815
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Northrop Grumman Federal Credit Union is a smaller credit union specializing in Refi loans. Northrop Grumman Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Baltimore, Riverside, Palm Bay, and San Diego among others. Northrop Grumman Federal Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Northrop Grumman Federal Credit Union is typically an average fee lendor.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 rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Northrop Grumman Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $3,907.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| 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% |
Northrop Grumman Federal Credit Union's top markets include Los Angeles, Baltimore, Riverside, Palm Bay, and San Diego among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 701 | $220,175,000 | $314,087 | $3,672 | 2.81% |
For the 2021 period, Northrop Grumman Federal Credit Union's most frequently originated loan type of loans were Conventional, with 701 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 696 | $218,500,000 | $313,937 | $3,677 | 2.81% |
| Cash Out Refi | 4 | $1,140,000 | $285,000 | $2,731 | 3.16% |
| Home Purchase | 1 | $535,000 | $535,000 | $4,059 | 3.13% |
For the 2021, Northrop Grumman Federal Credit Union's most frequently cited loan purpose of loans were Refi, with 696 originations. The 2nd most popular reason of loans were Cash Out Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 437 | $154,475,000 | $353,490 | $3,907 | 3.00% |
| 15 Year | 179 | $42,295,000 | $236,285 | $3,274 | 2.38% |
| 20 Year | 83 | $22,885,000 | $275,723 | $3,305 | 2.71% |
| 30+ year | 1 | $265,000 | $265,000 | $2,901 | 2.88% |
| Other | 1 | $255,000 | $255,000 | $3,521 | 2.00% |
For the 2021, Northrop Grumman Federal Credit Union's most frequently cited loan length of loans were 30 Year, with 437 originations. The 2nd most popular length of loans were 15 Year, with 179 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 379 | $117,455,000 | $309,908 |
| $1k-2k | 212 | $59,390,000 | $280,142 |
| $2k-3k | 52 | $20,470,000 | $393,654 |
| $3k-4k | 41 | $14,805,000 | $361,098 |
| $5k+ | 17 | $8,055,000 | $473,824 |
$3,907 of loans were Northrop Grumman Federal Credit Union's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 319 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 356 | $103,280,000 | $290,112 | $3,440 | 2.81% |
| $100k-200k | 156 | $24,320,000 | $155,897 | $3,210 | 2.62% |
| $400k-600k | 125 | $60,445,000 | $483,560 | $4,546 | 2.97% |
| $600k-1MM | 35 | $24,585,000 | $702,429 | $5,023 | 3.14% |
| $100,000 or less | 25 | $2,145,000 | $85,800 | $3,031 | 2.66% |
| $1MM+ | 4 | $5,400,000 | $1,350,000 | $7,572 | 3.19% |
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
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 207 | $73,175,000 | $353,502 | $3,678 | 2.77% |
| $100k-150k | 201 | $65,695,000 | $326,841 | $3,913 | 2.86% |
| $75k-100k | 142 | $37,000,000 | $260,563 | $3,522 | 2.86% |
| $50k-75k | 76 | $16,760,000 | $220,526 | $3,239 | 2.73% |
| $250k+ | 44 | $22,590,000 | $513,409 | $4,152 | 2.77% |
| $50k or less | 30 | $4,880,000 | $162,667 | $3,144 | 2.80% |
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
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 226 | $69,090,000 | $305,708 | $3,508 | 2.77% |
| 30-36% | 124 | $40,200,000 | $324,194 | $3,803 | 2.85% |
| <20% | 118 | $27,660,000 | $234,407 | $3,149 | 2.60% |
| 39% | 28 | $9,900,000 | $353,571 | $3,691 | 2.83% |
| 44% | 22 | $8,260,000 | $375,455 | $4,335 | 2.94% |
| 43% | 22 | $8,620,000 | $391,818 | $4,052 | 3.10% |
| 38% | 21 | $5,875,000 | $279,762 | $3,794 | 3.00% |
| 42% | 19 | $5,535,000 | $291,316 | $3,667 | 2.90% |
| 47% | 19 | $6,155,000 | $323,947 | $3,415 | 2.84% |
| 36% | 18 | $6,720,000 | $373,333 | $4,093 | 2.98% |
| 37% | 17 | $5,155,000 | $303,235 | $4,255 | 2.84% |
| 48% | 14 | $5,480,000 | $391,429 | $3,371 | 3.10% |
| 41% | 13 | $4,415,000 | $339,615 | $4,104 | 2.87% |
| 40% | 12 | $4,850,000 | $404,167 | $4,773 | 2.90% |
| 49% | 11 | $3,665,000 | $333,182 | $4,595 | 2.75% |
| 46% | 9 | $3,995,000 | $443,889 | $3,518 | 2.82% |
| 45% | 6 | $3,350,000 | $558,333 | $7,160 | 3.04% |
| 50-60% | 2 | $1,250,000 | $625,000 | $5,163 | 3.19% |
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
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 382 | $115,280,000 | $301,780 | $3,575 | 2.79% |
| Not provided | 215 | $68,065,000 | $316,581 | $3,843 | 2.81% |
| Black | 57 | $20,815,000 | $365,175 | $3,859 | 2.94% |
| Asian | 28 | $10,030,000 | $358,214 | $3,519 | 2.86% |
| American Indian | 14 | $4,370,000 | $312,143 | $3,067 | 2.80% |
| Other Asian | 3 | $1,325,000 | $441,667 | $3,708 | 2.75% |
| Other Pacific Islander | 2 | $290,000 | $145,000 | $4,902 | 2.94% |
Approval Rates
Total approvals of all applications93.59%
Northrop Grumman Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination57.75%
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 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 701 | $220,175,000 | $314,087 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 109 | $25,415,000 | $233,165 | $3,210 | 2.60% |
| 40-60% | 218 | $66,940,000 | $307,064 | $3,429 | 2.71% |
| 60-80% | 266 | $88,850,000 | $334,023 | $3,823 | 2.92% |
| 80-100% | 84 | $35,250,000 | $419,643 | $4,614 | 3.07% |
| Under 20% | 24 | $3,720,000 | $155,000 | $3,015 | 2.45% |
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% |
