Northrop Grumman Federal Credit Union Mortgage Rates, Fees & Info
Gardena, CALEI: 5493009D2COWW65B8673
Tax ID: 95-6040815
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Mortgage Data
Review & Overview
Northrop Grumman Federal Credit Union is a smaller credit union specializing in Refi 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, Riverside, Washington, and San Diego among others. We have data for 67 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 | 6.38% | 4/21/24 |
| 30 Year Conventional Refi | 6.35% | 4/21/24 |
| 30 Year Cash-out Refi | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.22% | 4/21/24 |
| 15 Year Conventional Refi | 6.00% | 4/21/24 |
| 15 Year Cash-out Refi | 6.00% | 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. | ||
Northrop Grumman 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
334Origination Dollar Volume (All Markets)
$109,770,000Awards
NORTHROP GRUMMAN Federal Credit Union - 2019
NORTHROP GRUMMAN Federal Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 123 | $46,615,000 | $378,984 | $6,353 | 3.69% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 38 | $11,050,000 | $290,789 | $5,394 | 3.70% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 27 | $8,485,000 | $314,259 | $6,959 | 3.61% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $5,125,000 | $394,231 | $7,241 | 3.70% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 11 | $4,815,000 | $437,727 | $9,808 | 3.60% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 13 | $3,355,000 | $258,077 | $5,561 | 3.79% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $2,545,000 | $848,333 | $16,724 | 3.67% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 9 | $2,185,000 | $242,778 | $5,463 | 3.46% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $4,730 | 3.52% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 6 | $1,840,000 | $306,667 | $6,089 | 3.71% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $12,015 | 3.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $3,996 | 3.42% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $7,927 | 3.63% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $8,475 | 3.38% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $5,703 | 3.71% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $5,726 | 3.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $4,902 | 3.31% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,535 | 3.81% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $5,574 | 3.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $4,884 | 3.83% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $25,895 | 3.25% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $5,105 | 2.88% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $5,725 | 3.63% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,997 | 3.75% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,446 | 3.50% |
| ROCKFORD, IL (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,228 | 3.92% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,368 | 3.63% |
| RENO, NV (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $13,591 | 3.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,334 | 3.25% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,383 | 3.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $14,751 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $6,419 | 4.13% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,854 | 3.63% |
| Outside of Metro Areas | 2 | $290,000 | $145,000 | $3,043 | 3.56% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $6,251 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,615 | 3.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,601 | 3.63% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,983 | 4.00% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,130 | 3.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,350 | 3.75% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,988 | 3.69% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,864 | 3.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,650 | 3.25% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,807 | 4.63% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,704 | 3.13% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,415 | 3.50% |
| Greeneville, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,994 | 3.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,871 | 3.50% |
| TULSA, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,781 | 3.75% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,271 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,964 | 3.50% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,446 | 4.13% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,950 | 3.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,745 | 3.88% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,891 | 3.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,799 | 3.25% |
| Outside of Metro Areas | 1 | $145,000 | $145,000 | $3,543 | 2.88% |
| Port Angeles, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,502 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,130 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,342 | 4.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,103 | 3.75% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.38% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,488 | 5.38% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $5,370 | 3.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,179 | 3.50% |
| London, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $5,226 | 2.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,586 | 4.13% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 334 | $109,770,000 | $328,653 | $6,299 | 3.67% |
For 2019, Northrop Grumman Federal Credit Union's most frequently originated type of loan was Conventional, with 334 originations.
Loan Reason
For 2019, Northrop Grumman Federal Credit Union's most frequently cited loan purpose was Refi, with 251 originations. The 2nd most popular reason was Home Purchase, with 75 originations.
Loan Duration/Length
For 2019, Northrop Grumman Federal Credit Union's most frequently cited loan duration was 30 Year, with 294 originations. The 2nd most popular length was 15 Year, with 29 originations.
Origination Fees/Closing Costs
Northrop Grumman Federal Credit Union's average total fees were $6,416, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 102 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 246 | $82,040,000 | $333,496 |
| 4-5% | 47 | $15,065,000 | $320,532 |
| 2.5-3% | 31 | $9,915,000 | $319,839 |
| <2.5% | 4 | $950,000 | $237,500 |
| 5-6% | 4 | $1,260,000 | $315,000 |
During 2019, Northrop Grumman Federal Credit Union's average interest rate for loans was 3.72%, while their most frequently originated rate bucket for loans was 3-4%, with 246 originations.
Loan Sizing
2019 saw Northrop Grumman Federal Credit Union place emphasis on $200k-400k loans with 160 originations, totaling $46,670,000 in origination value.
Applicant Income
Northrop Grumman Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $75k-100k, with 71 originations.
Applicant Debt to Income Ratio
Northrop Grumman Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 81 originations. The next most common DTI ratio? <20%, with 66 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.48%
Northrop Grumman Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination39.52%
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 | 334 | $109,770,000 | $328,653 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 5 | $1,675,000 | $335,000 |
| Single Family (1-4 Units):Site-Built | 329 | $108,095,000 | $328,556 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Northern Trust Company, The | Conventional home mortgage | Trouble during payment process | 2 | 50.0% |
| Northern Trust Company, The | Other type of mortgage | Improper use of your report | 1 | 25.0% |
| Northern Trust Company, The | VA mortgage | Struggling to pay mortgage | 1 | 25.0% |