Navy Army Community Credit Union Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300CPM35KXH0BZ823

Tax ID: 74-1237070

5 stars - Updated: 11/17/24 - out of 5 stars, based on 34 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Navy 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 Houston among others. We have data for 23 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.03% 11/17/24
    30 Year Conventional Refi 6.35% 11/17/24
    30 Year Cash-out Refi 6.63% 11/17/24
    15 Year Conventional Purchase 5.45% 11/17/24
    15 Year Conventional Refi 6.04% 11/17/24
    15 Year Cash-out Refi 6.04% 11/17/24
    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.

    Navy Army Community Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Navy Army Community 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

    1,155

    Origination Dollar Volume (All Markets)

    $232,335,000
    Show all (8) awards

    Relative Rate

    Navy Army Community Credit Union's average 30 year fixed mortgage rate was 7.09%.

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

    This yields a difference of 0.61%.

    Relative Fees (Closing Costs)

    Navy Army Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,234.

    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
    CORPUS CHRISTI, TX (FHA|USDA|VA) 618 $108,950,000 $176,294 $3,803 6.94%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 261 $48,385,000 $185,383 $4,367 6.94%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 94 $35,660,000 $379,362 $3,934 6.85%
    Alice, TX (FHA|USDA|VA) 27 $5,825,000 $215,741 $5,132 6.91%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 13 $5,695,000 $438,077 $6,147 6.96%
    Rockport, TX (FHA|USDA|VA) 25 $5,655,000 $226,200 $4,981 6.71%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 15 $4,955,000 $330,333 $6,332 6.65%
    Kingsville, TX (FHA|USDA|VA) 32 $4,710,000 $147,188 $4,058 7.11%
    Beeville, TX (FHA|USDA|VA) 24 $3,550,000 $147,917 $3,947 6.93%
    Rio Grande City-Roma, TX (FHA|USDA|VA) 11 $2,515,000 $228,636 $6,054 6.76%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,421 6.48%
    Outside of Metro Areas 11 $1,305,000 $118,636 $2,848 7.16%
    VICTORIA, TX (FHA|USDA|VA) 4 $960,000 $240,000 $3,318 6.31%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $840,000 $210,000 $3,982 6.38%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,344 5.81%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,194 5.50%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $6,338 6.25%
    Pecos, TX (FHA|USDA|VA) 1 $235,000 $235,000 $100 6.25%
    Zapata, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,444 6.50%
    Raymondville, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,674 8.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,248 7.50%
    LAREDO, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.12%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $65,000 $65,000 $2,378 6.38%
    Navy Army Community Credit Union's top markets include Corpus Christi, Mcallen, Brownsville, Alice, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    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.

    SECURITY FIRST Federal Credit Union
    Similarity Rank: 8
    GULF COAST
    Similarity Rank: 86
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 220
    AMOCO
    Similarity Rank: 258
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 300
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 432
    ASCENT HOME LENDING, LLC
    Similarity Rank: 440
    Lone Star National Bank
    Similarity Rank: 507
    East West Bank
    Similarity Rank: 703

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,155 $232,335,000 $201,156 $4,095 6.92%

    For 2023, Navy Army Community Credit Union's most frequently originated type of loan was Conventional, with 1,155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 476 $126,470,000 $265,693 $5,562 6.79%
    Cash Out Refi 293 $66,565,000 $227,184 $3,631 7.08%
    Other 247 $22,625,000 $91,599 $2,540 7.01%
    Home Improvement 80 $7,960,000 $99,500 $2,969 6.86%
    Refi 59 $8,715,000 $147,712 $2,968 6.85%

    For 2023, Navy Army Community Credit Union's most frequently cited loan purpose was Home Purchase, with 476 originations. The 2nd most popular reason was Cash Out Refi, with 293 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 544 $109,240,000 $200,809 $4,234 7.09%
    15 Year 333 $35,665,000 $107,102 $2,688 6.86%
    30+ year 132 $47,160,000 $357,273 $7,562 6.63%
    20 Year 68 $8,780,000 $129,118 $3,260 6.51%
    10 Year 61 $4,705,000 $77,131 $2,211 6.75%
    Other 11 $24,855,000 $2,259,545 $7,349 6.14%
    3 Year 5 $1,875,000 $375,000 $0 8.67%
    5 Year 1 $55,000 $55,000 $0 8.00%

    For 2023, Navy Army Community Credit Union's most frequently cited loan duration was 30 Year, with 544 originations. The 2nd most popular length was 15 Year, with 333 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 701 $98,955,000 $141,163
    $2k-3k 148 $39,710,000 $268,311
    $1k-2k 113 $14,625,000 $129,425
    $3k-4k 52 $13,940,000 $268,077
    $4k-5k 39 $12,505,000 $320,641
    $5k+ 39 $21,805,000 $559,103

    Navy Army Community Credit Union's average total fees were $4,234, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 701 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 434 $110,480,000 $254,562
    7-8% 352 $65,150,000 $185,085
    5-6% 197 $30,875,000 $156,726
    Over 8% 158 $23,130,000 $146,392
    4-5% 5 $695,000 $139,000
    3-4% 4 $1,070,000 $267,500
    2.5-3% 2 $280,000 $140,000
    <2.5% 2 $250,000 $125,000

    During 2023, Navy Army Community Credit Union's average interest rate for loans was 7.09%, while their most frequently originated rate bucket for loans was 6-7%, with 434 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 398 $58,020,000 $145,779 $3,830 6.95%
    $100,000 or less 382 $24,450,000 $64,005 $2,254 6.99%
    $200k-400k 291 $79,075,000 $271,735 $5,419 6.86%
    $400k-600k 57 $26,955,000 $472,895 $7,614 6.48%
    $600k-1MM 18 $12,690,000 $705,000 $9,147 6.89%
    $1MM+ 9 $31,145,000 $3,460,556 $15,897 7.35%

    2023 saw Navy Army Community Credit Union place emphasis on $100k-200k loans with 398 originations, totaling $58,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 298 $37,010,000 $124,195 $3,433 6.82%
    $100k-150k 267 $55,325,000 $207,210 $4,400 6.94%
    $75k-100k 199 $33,785,000 $169,774 $4,100 6.99%
    $50k or less 182 $15,210,000 $83,571 $2,782 6.82%
    $150k-250k 138 $40,410,000 $292,826 $5,566 6.86%
    $250k+ 46 $23,390,000 $508,478 $7,655 6.96%

    Navy Army Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 298 originations. The second most popular income band? $100k-150k, with 267 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 178 $37,010,000 $207,921 $4,596 6.98%
    30-36% 154 $26,520,000 $172,208 $3,918 6.70%
    20-30% 141 $24,235,000 $171,879 $3,797 6.72%
    49% 53 $10,215,000 $192,736 $4,083 7.06%
    39% 50 $8,250,000 $165,000 $4,074 6.86%
    46% 49 $8,845,000 $180,510 $3,862 6.88%
    43% 49 $9,845,000 $200,918 $4,488 6.96%
    <20% 49 $7,385,000 $150,714 $3,861 6.68%
    38% 48 $8,920,000 $185,833 $3,742 6.93%
    42% 43 $8,465,000 $196,860 $4,066 6.89%
    40% 43 $7,015,000 $163,140 $3,693 7.14%
    48% 43 $8,335,000 $193,837 $4,680 7.03%
    44% 41 $8,035,000 $195,976 $4,366 6.89%
    41% 41 $7,325,000 $178,659 $4,128 6.86%
    36% 40 $5,760,000 $144,000 $3,557 7.01%
    37% 37 $5,475,000 $147,973 $3,340 6.77%
    45% 33 $6,455,000 $195,606 $4,522 6.99%
    47% 26 $4,580,000 $176,154 $4,789 6.87%
    >60% 15 $2,555,000 $170,333 $4,184 8.35%

    Navy Army Community Credit Union lent most frequently to those with DTI ratios of 50-60%, with 178 originations. The next most common DTI ratio? 30-36%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,044 $186,270,000 $178,420 $4,057 6.90%
    Not applicable 24 $27,150,000 $1,131,250 $0 8.25%
    Not provided 50 $11,490,000 $229,800 $4,996 6.88%
    Asian 17 $4,775,000 $280,882 $4,420 6.45%
    Black 11 $1,865,000 $169,545 $4,462 6.60%
    American Indian 8 $730,000 $91,250 $2,741 7.22%
    Native Hawaiian or Islander 1 $55,000 $55,000 $2,244 5.75%

    Approval Rates

    Total approvals of all applications
    82.07%

    Navy Army Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    -5.19%

    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
    NA 1,155 $232,335,000 $201,156

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,155 $232,335,000 $201,156

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 161 $12,345,000 $76,677 $2,425 6.78%
    40-60% 209 $27,735,000 $132,703 $3,437 6.74%
    60-80% 353 $95,225,000 $269,759 $4,609 7.11%
    80-100% 363 $93,645,000 $257,975 $5,248 6.88%
    Under 20% 69 $3,385,000 $49,058 $1,461 7.01%