Justice Federal Credit Union Mortgage Rates, Fees & Info

Chantilly, VA

LEI: 549300AOB4S7B0DB7863

Tax ID: 53-0197022

5 stars - Updated: 3/29/24 - out of 5 stars, based on 19 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Justice Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Justice Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Miami, New York, Atlanta, and Philadelphia among others. We have data for 76 markets. (Some data included below & more in-depth data is available with an active subscription.)

Justice 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. Justice 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.00% 3/29/24
30 Year Conventional Purchase 6.79% 3/29/24
30 Year Conventional Refi 6.22% 3/29/24
15 Year Conventional Purchase 5.77% 3/29/24
15 Year Conventional Refi 5.64% 3/29/24
15 Year Cash-out Refi 5.64% 3/29/24
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.

Justice 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 Justice 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

377

Origination Dollar Volume (All Markets)

$52,845,000

Relative Rate

Justice Federal Credit Union's average 30 year fixed mortgage rate was 7.45%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.97%.

Relative Fees (Closing Costs)

Justice Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,078.

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 $9,089.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 140 $18,170,000 $129,786 $1,440 8.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 21 $3,125,000 $148,810 $1,698 7.95%
Outside of Metro Areas 13 $2,865,000 $220,385 $4,290 7.30%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 18 $2,370,000 $131,667 $1,187 7.90%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 14 $2,190,000 $156,429 $1,219 8.47%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $1,890,000 $189,000 $4,665 7.95%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 13 $1,665,000 $128,077 $2,186 8.19%
Clarksburg, WV (FHA|USDA|VA) 15 $1,525,000 $101,667 $1,786 8.12%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $1,345,000 $149,444 $261 8.28%
PITTSBURGH, PA (FHA|USDA|VA) 4 $1,010,000 $252,500 $6,307 7.28%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $920,000 $230,000 $4,474 7.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 6 $780,000 $130,000 $293 8.67%
Fairmont, WV (FHA|USDA|VA) 7 $765,000 $109,286 $1,695 7.84%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $760,000 $380,000 $5,098 7.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $760,000 $190,000 $6,720 7.66%
RICHMOND, VA (FHA|USDA|VA) 3 $585,000 $195,000 $3,853 8.21%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $555,000 $185,000 $0 8.58%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $520,000 $130,000 $274 8.88%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $485,000 $161,667 $217 8.83%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $485,000 $485,000 $3,225 5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $485,000 $97,000 $1,796 7.30%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $465,000 $465,000 $11,169 5.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $7,037 6.38%
MORGANTOWN, WV (FHA|USDA|VA) 5 $405,000 $81,000 $442 8.30%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $400,000 $200,000 $7,897 7.56%
ALBANY, GA (FHA|USDA|VA) 2 $380,000 $190,000 $1,476 7.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $380,000 $190,000 $0 8.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 4 $370,000 $92,500 $902 7.94%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $4,104 6.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $355,000 $355,000 $3,151 6.38%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $355,000 $355,000 $4,528 7.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $330,000 $165,000 $293 7.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $320,000 $53,333 $341 7.83%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $275,000 $275,000 $4,103 6.88%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $265,000 $265,000 $4,477 6.63%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $260,000 $130,000 $2,089 7.44%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $250,000 $125,000 $1,439 7.44%
UTICA-ROME, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,379 6.38%
Kinston, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,921 6.63%
FRESNO, CA (FHA|USDA|VA) 2 $200,000 $100,000 $0 8.00%
ASHEVILLE, NC (FHA|USDA|VA) 2 $200,000 $100,000 $3,612 8.69%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $2,897 6.25%
LAREDO, TX (FHA|USDA|VA) 1 $195,000 $195,000 $262 8.25%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $155,000 $155,000 $313 7.50%
Milledgeville, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $135,000 $135,000 $1,172 8.25%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $0 8.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $115,000 $115,000 $262 7.75%
TOLEDO, OH (FHA|USDA|VA) 1 $115,000 $115,000 $4,764 7.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.50%
LANCASTER, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.25%
TYLER, TX (FHA|USDA|VA) 1 $95,000 $95,000 $262 8.25%
OCALA, FL (FHA|USDA|VA) 1 $85,000 $85,000 $643 8.50%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $85,000 $85,000 $572 8.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $80,000 $40,000 $500 8.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $80,000 $40,000 $0 8.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $75,000 $75,000 $143 11.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $75,000 $75,000 $217 8.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $75,000 $75,000 $217 8.25%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $75,000 $75,000 $217 7.75%
Clewiston, FL (FHA|USDA|VA) 1 $65,000 $65,000 $217 9.25%
LYNCHBURG, VA (FHA|USDA|VA) 1 $65,000 $65,000 $2,962 5.88%
Bluefield, WV-VA (FHA|USDA|VA) 1 $65,000 $65,000 $1,013 8.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $60,000 $30,000 $1,130 8.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $55,000 $55,000 $5,730 7.63%
GAINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.50%
Corning, NY (FHA|USDA|VA) 1 $45,000 $45,000 $760 9.50%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $35,000 $35,000 $572 7.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.50%
COLUMBUS, OH (FHA|USDA|VA) 1 $35,000 $35,000 $302 7.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $25,000 $25,000 $302 8.75%
Sunbury, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.25%
Justice Federal Credit Union's top markets include Washington, Miami, New York, Atlanta, and Philadelphia among others.

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

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

    FIRST FINANCIAL OF MARYLAND
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    IDB Global Federal Credit Union
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    We Florida Financial
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    SOUTH FLORIDA EDUCATIONAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $33,280,000 $155,514 $1,898 7.81%
    HELOC 163 $19,565,000 $120,031 n/a 8.38%

    For 2023, Justice Federal Credit Union's most frequently originated type of loan was Conventional, with 214 originations. Their 2nd most popular type was HELOC, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 173 $18,165,000 $105,000 $620 8.19%
    Other 117 $12,045,000 $102,949 $695 8.60%
    Home Purchase 59 $17,555,000 $297,542 $5,074 6.79%
    Refi 28 $5,080,000 $181,429 $2,413 7.60%

    For 2023, Justice Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 173 originations. The 2nd most popular reason was Other, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 177 $20,225,000 $114,266 $767 8.50%
    30 Year 105 $24,435,000 $232,714 $5,078 7.45%
    15 Year 43 $4,605,000 $107,093 $992 7.92%
    10 Year 39 $2,985,000 $76,538 $703 8.04%
    5 Year 13 $595,000 $45,769 $755 7.40%

    For 2023, Justice Federal Credit Union's most frequently cited loan duration was 20 Year, with 177 originations. The 2nd most popular length was 30 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 167 $19,275,000 $115,419
    $1k-2k 22 $5,290,000 $240,455
    $2k-3k 10 $2,930,000 $293,000
    $5k+ 8 $4,340,000 $542,500
    $3k-4k 2 $650,000 $325,000

    Justice Federal Credit Union's average total fees were $5,078, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 167 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 183 $20,415,000 $111,557
    7-8% 134 $16,770,000 $125,149
    6-7% 48 $11,560,000 $240,833
    5-6% 12 $4,100,000 $341,667

    During 2023, Justice Federal Credit Union's average interest rate for loans was 7.45%, while their most frequently originated rate bucket for loans was Over 8%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 168 $10,050,000 $59,821 $765 8.22%
    $100k-200k 126 $17,200,000 $136,508 $1,442 8.17%
    $200k-400k 69 $17,955,000 $260,217 $3,328 7.76%
    $400k-600k 12 $5,920,000 $493,333 $7,656 6.51%
    $1MM+ 1 $1,055,000 $1,055,000 $9,691 5.50%
    $600k-1MM 1 $665,000 $665,000 $5,670 6.75%

    2023 saw Justice Federal Credit Union place emphasis on $100,000 or less loans with 168 originations, totaling $10,050,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 131 $20,435,000 $155,992 $2,011 8.15%
    $100k-150k 122 $14,440,000 $118,361 $1,670 8.15%
    $250k+ 47 $9,525,000 $202,660 $2,810 7.69%
    $75k-100k 45 $5,475,000 $121,667 $1,460 8.04%
    $50k-75k 27 $2,385,000 $88,333 $1,467 8.02%
    $50k or less 5 $585,000 $117,000 $2,090 6.75%

    Justice Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 131 originations. The second most popular income band? $100k-150k, with 122 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $10,035,000 $141,338 $2,211 7.75%
    30-36% 56 $8,000,000 $142,857 $1,977 8.11%
    49% 28 $4,490,000 $160,357 $2,762 8.22%
    <20% 26 $4,400,000 $169,231 $3,234 7.06%
    46% 22 $3,380,000 $153,636 $1,611 8.09%
    47% 19 $2,375,000 $125,000 $1,232 8.15%
    39% 19 $2,405,000 $126,579 $1,682 7.97%
    42% 17 $2,115,000 $124,412 $1,803 8.35%
    38% 16 $1,970,000 $123,125 $1,012 8.52%
    41% 15 $3,095,000 $206,333 $2,787 7.89%
    48% 14 $1,590,000 $113,571 $618 8.77%
    36% 12 $1,360,000 $113,333 $373 8.60%
    37% 11 $995,000 $90,455 $1,002 7.92%
    40% 11 $1,035,000 $94,091 $972 8.52%
    43% 10 $1,920,000 $192,000 $2,765 7.74%
    44% 10 $1,290,000 $129,000 $638 8.50%
    45% 10 $1,190,000 $119,000 $786 8.40%
    50-60% 9 $1,075,000 $119,444 $690 8.53%

    Justice Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $25,620,000 $140,769 $1,983 7.98%
    Not provided 108 $14,960,000 $138,519 $1,788 8.00%
    Black 68 $8,880,000 $130,588 $1,608 8.42%
    Asian 9 $1,615,000 $179,444 $3,285 7.43%
    Chinese 1 $1,055,000 $1,055,000 $9,691 5.50%
    American Indian 5 $375,000 $75,000 $920 8.30%
    Other Asian 3 $235,000 $78,333 $971 8.33%
    Asian Indian 1 $105,000 $105,000 $388 9.25%

    Approval Rates

    Total approvals of all applications
    90.66%

    Justice Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    26.79%

    Justice 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 377 $52,845,000 $140,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    377 $52,845,000 $140,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 117 $17,035,000 $145,598 $1,044 8.39%
    40-60% 27 $4,625,000 $171,296 $2,316 7.75%
    60-80% 25 $7,945,000 $317,800 $5,015 7.18%
    80-100% 30 $9,100,000 $303,333 $4,923 6.76%
    Under 20% 178 $14,140,000 $79,438 $653 8.22%