Navy Army Community Credit Union Mortgage Rates, Fees & InfoCorpus Christi, TX
Tax ID: 74-1237070
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewNavy Army Community Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Navy Army Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Corpus Christi, Mcallen, Brownsville, Alice, and Kingsville among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)
Navy Army Community 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. Navy Army Community Credit Union is typically a low 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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|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.03%||4/2/23|
|30 Year Conventional Refi||6.35%||4/2/23|
|30 Year Cash-out Refi||6.63%||4/2/23|
|15 Year Conventional Purchase||5.45%||4/2/23|
|15 Year Conventional Refi||6.04%||4/2/23|
|15 Year Cash-out Refi||6.04%||4/2/23|
|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.|
Navy Army Community Credit Union Mortgage Calculator
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This is not an official calculator from Navy Army Community Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$345,395,000
Navy Army Community Credit Union's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.24%.
Relative Fees (Closing Costs)
Navy Army Community Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,683.
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.
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|
|CORPUS CHRISTI, TX (FHA|USDA|VA)||1,000||$190,660,000||$190,660||$4,440||4.84%|
|MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA)||466||$84,210,000||$180,708||$4,655||4.91%|
|BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA)||143||$21,935,000||$153,392||$4,345||4.71%|
|Alice, TX (FHA|USDA|VA)||36||$7,380,000||$205,000||$5,333||4.99%|
|Kingsville, TX (FHA|USDA|VA)||46||$7,290,000||$158,478||$4,181||5.02%|
|Rockport, TX (FHA|USDA|VA)||24||$5,070,000||$211,250||$5,123||4.75%|
|SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA)||20||$4,940,000||$247,000||$5,632||4.68%|
|Outside of Metro Areas||20||$4,680,000||$234,000||$5,984||4.99%|
|Beeville, TX (FHA|USDA|VA)||33||$4,375,000||$132,576||$3,746||5.20%|
|HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)||14||$3,790,000||$270,714||$5,861||4.93%|
|AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA)||8||$3,420,000||$427,500||$8,473||5.23%|
|Rio Grande City-Roma, TX (FHA|USDA|VA)||10||$1,580,000||$158,000||$5,105||5.05%|
|VICTORIA, TX (FHA|USDA|VA)||5||$1,335,000||$267,000||$6,274||5.08%|
|COLLEGE STATION-BRYAN, TX (FHA|USDA|VA)||3||$785,000||$261,667||$6,057||4.88%|
|Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA)||3||$715,000||$238,333||$5,794||5.17%|
|Kerrville, TX (FHA|USDA|VA)||2||$420,000||$210,000||$4,527||5.44%|
|Oxford, MS (FHA|USDA|VA)||1||$335,000||$335,000||$6,545||3.75%|
|Andrews, TX (FHA|USDA|VA)||1||$325,000||$325,000||$7,284||5.00%|
|WACO, TX (FHA|USDA|VA)||2||$310,000||$155,000||$4,429||4.38%|
|Raymondville, TX (FHA|USDA|VA)||1||$295,000||$295,000||$4,223||5.88%|
|ABILENE, TX (FHA|USDA|VA)||1||$255,000||$255,000||$5,573||5.25%|
|TEXARKANA, TX-AR (FHA|USDA|VA)||1||$255,000||$255,000||$5,677||3.50%|
|Huntsville, TX (FHA|USDA|VA)||1||$245,000||$245,000||$6,178||4.13%|
|OKLAHOMA CITY, OK (FHA|USDA|VA)||1||$245,000||$245,000||$2,389||4.88%|
|KILLEEN-TEMPLE, TX (FHA|USDA|VA)||1||$235,000||$235,000||$5,666||4.63%|
|LUBBOCK, TX (FHA|USDA|VA)||1||$165,000||$165,000||$4,257||4.00%|
|Bay City, TX (FHA|USDA|VA)||1||$145,000||$145,000||$4,081||5.50%|
We use machine learning to identify the top lenders compared against NAVY ARMY COMMUNITY CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Navy Army Community Credit Union's most frequently originated type of loan was Conventional, with 1,845 originations.
For 2022, Navy Army Community Credit Union's most frequently cited loan purpose was Home Purchase, with 811 originations. The 2nd most popular reason was Cash Out Refi, with 571 originations.
For 2022, Navy Army Community Credit Union's most frequently cited loan duration was 30 Year, with 1,044 originations. The 2nd most popular length was 15 Year, with 455 originations.
Origination Fees/Closing Costs
Navy Army Community Credit Union's average total fees were $4,683, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 525 originations.
During 2022, Navy Army Community Credit Union's average interest rate for loans was 5.00%, while their most frequently originated rate bucket for loans was 4-5%, with 701 originations.
2022 saw Navy Army Community Credit Union place emphasis on $100k-200k loans with 725 originations, totaling $105,225,000 in origination value.
Navy Army Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 492 originations. The second most popular income band? $100k-150k, with 423 originations.
Applicant Debt to Income Ratio
Navy Army Community Credit Union lent most frequently to those with DTI ratios of 30-36%, with 338 originations. The next most common DTI ratio? 20-30%, with 292 originations.
Approval RatesTotal approvals of all applications
Navy Army Community Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Navy Army Community 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|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|NVR INC.||Conventional home mortgage||Applying for a mortgage or refinancing an existing mortgage||1||33.3%|
|NVR INC.||FHA mortgage||Applying for a mortgage or refinancing an existing mortgage||1||33.3%|
|NVR INC.||FHA mortgage||Struggling to pay mortgage||1||33.3%|