Northrop Grumman Federal Credit Union Mortgage Rates, Fees & Info

Gardena, CA

LEI: 5493009D2COWW65B8673

Tax ID: 95-6040815

Latest/2023 | 2022 Data | 2021 Data | 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 Cash Out Refi, Home Improvement, and Home Purchase loans. Northrop Grumman Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Baltimore, Palm Bay, Riverside, and Washington among others. We have data for 97 markets. (Some data included below & more in-depth data is available with an active subscription.)

Northrop Grumman 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.

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 6.38% 6/16/24
30 Year Conventional Refi 6.35% 6/16/24
30 Year Cash-out Refi 6.27% 6/16/24
15 Year Conventional Purchase 6.22% 6/16/24
15 Year Conventional Refi 6.00% 6/16/24
15 Year Cash-out Refi 6.00% 6/16/24
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.

Northrop Grumman 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 Northrop Grumman 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

797

Origination Dollar Volume (All Markets)

$156,255,000

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) 296 $56,170,000 $189,764 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 79 $16,435,000 $208,038 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 60 $13,960,000 $232,667 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 59 $8,875,000 $150,424 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 36 $8,300,000 $230,556 $0 0.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 19 $5,105,000 $268,684 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 34 $4,880,000 $143,529 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $4,375,000 $175,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 19 $4,335,000 $228,158 $0 0.00%
Outside of Metro Areas 11 $2,565,000 $233,182 $0 0.00%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,920,000 $480,000 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $1,385,000 $197,857 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $1,315,000 $263,000 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 4 $1,200,000 $300,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $965,000 $193,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 4 $960,000 $240,000 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $745,000 $745,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $740,000 $370,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 11 $735,000 $66,818 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 3 $725,000 $241,667 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 2 $700,000 $350,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $620,000 $155,000 $0 0.00%
RICHMOND, VA (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
READING, PA (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
Cañon City, CO (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $455,000 $91,000 $0 0.00%
PROVO-OREM, UT (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $350,000 $87,500 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Roseburg, OR (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
CHICO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Ashland, OH (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
GETTYSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
WICHITA, KS (FHA|USDA|VA) 2 $180,000 $90,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Pahrump, NV (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Malvern, AR (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Shawnee, OK (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
LONGVIEW, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
SANTA FE, NM (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Greeneville, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Alexandria, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Aberdeen, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Easton, MD (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
DOVER, DE (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Bartlesville, OK (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
GREAT FALLS, MT (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Shelbyville, TN (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Northrop Grumman Federal Credit Union's top markets include Los Angeles, Baltimore, Palm Bay, Riverside, and Washington among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against NORTHROP GRUMMAN Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    MISSION
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    FIRST FINANCIAL OF MARYLAND
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    POINT BREEZE
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    LBS FINANCIAL
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    SPACE COAST Credit Union
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    Liberty Bank for Savings
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 797 $156,255,000 $196,054 $0 0.00%

    For 2023, Northrop Grumman Federal Credit Union's most frequently originated type of loan was Conventional, with 797 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 273 $33,795,000 $123,791 $0 0.00%
    Home Improvement 264 $36,140,000 $136,894 $0 0.00%
    Home Purchase 170 $72,330,000 $425,471 $0 0.00%
    Refi 89 $13,895,000 $156,124 $0 0.00%
    Other 1 $95,000 $95,000 $0 0.00%

    For 2023, Northrop Grumman Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 273 originations. The 2nd most popular reason was Home Improvement, with 264 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 797 $156,255,000 $196,054 $0 0.00%

    For 2023, Northrop Grumman Federal Credit Union's most frequently cited loan duration was Other, with 797 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 277 $16,375,000 $59,116 $0 0.00%
    $200k-400k 221 $58,835,000 $266,222 $0 0.00%
    $100k-200k 217 $29,825,000 $137,442 $0 0.00%
    $400k-600k 54 $27,020,000 $500,370 $0 0.00%
    $600k-1MM 23 $17,725,000 $770,652 $0 0.00%
    $1MM+ 5 $6,475,000 $1,295,000 $0 0.00%

    2023 saw Northrop Grumman Federal Credit Union place emphasis on $100,000 or less loans with 277 originations, totaling $16,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 238 $41,000,000 $172,269 $0 0.00%
    $150k-250k 227 $54,185,000 $238,700 $0 0.00%
    $75k-100k 150 $20,150,000 $134,333 $0 0.00%
    $50k-75k 78 $9,620,000 $123,333 $0 0.00%
    $250k+ 64 $26,650,000 $416,406 $0 0.00%
    $50k or less 38 $4,550,000 $119,737 $0 0.00%

    Northrop Grumman Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 238 originations. The second most popular income band? $150k-250k, with 227 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 797 $156,255,000 $196,054 $0 0.00%

    Northrop Grumman Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 797 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $68,910,000 $219,459 $0 0.00%
    Not provided 362 $60,280,000 $166,519 $0 0.00%
    Asian 34 $11,050,000 $325,000 $0 0.00%
    Black 47 $8,055,000 $171,383 $0 0.00%
    Other Asian 16 $2,880,000 $180,000 $0 0.00%
    American Indian 10 $2,620,000 $262,000 $0 0.00%
    Other Pacific Islander 7 $1,145,000 $163,571 $0 0.00%
    Asian Indian 3 $755,000 $251,667 $0 0.00%
    Native Hawaiian or Islander 3 $355,000 $118,333 $0 0.00%
    Korean 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.34%

    Northrop Grumman Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.72%

    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
    Exempt 797 $156,255,000 $196,054

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    797 $156,255,000 $196,054