Navy Army Community Credit Union Mortgage Rates, Fees & Info

Corpus Christi, TX

LEI: 549300CPM35KXH0BZ823

Tax ID: 74-1237070

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.03% 11/21/24
    30 Year Conventional Refi 6.35% 11/21/24
    30 Year Cash-out Refi 6.63% 11/21/24
    15 Year Conventional Purchase 5.45% 11/21/24
    15 Year Conventional Refi 6.04% 11/21/24
    15 Year Cash-out Refi 6.04% 11/21/24
    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.

    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

    1,845

    Origination Dollar Volume (All Markets)

    $345,395,000
    Show all (8) awards

    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) 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%
    Navy Army Community Credit Union's top markets include Corpus Christi, Mcallen, Brownsville, Alice, and Kingsville among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Oklahoma (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: 20
    GULF COAST
    Similarity Rank: 204
    PRIMEWAY
    Similarity Rank: 249
    Generations Community Federal Credit Union
    Similarity Rank: 264
    Lone Star National Bank
    Similarity Rank: 384
    AMOCO
    Similarity Rank: 510
    Texas Health Credit Union
    Similarity Rank: 552
    ASCENT HOME LENDING, LLC
    Similarity Rank: 684
    TEXAS BAY
    Similarity Rank: 957
    COMMUNITY RESOURCE CREDIT UNION
    Similarity Rank: 1074

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,845 $345,395,000 $187,206 $4,571 4.87%

    For 2022, Navy Army Community Credit Union's most frequently originated type of loan was Conventional, with 1,845 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 811 $205,625,000 $253,545 $5,949 4.96%
    Cash Out Refi 571 $87,855,000 $153,862 $4,074 4.89%
    Other 235 $22,475,000 $95,638 $2,965 4.97%
    Refi 160 $23,140,000 $144,625 $2,697 4.23%
    Home Improvement 68 $6,300,000 $92,647 $2,950 4.72%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,044 $205,430,000 $196,772 $4,683 5.00%
    15 Year 455 $55,235,000 $121,396 $3,098 4.60%
    30+ year 162 $56,880,000 $351,111 $8,515 4.86%
    10 Year 84 $12,100,000 $144,048 $2,272 5.03%
    20 Year 74 $9,350,000 $126,351 $3,465 4.46%
    Other 21 $5,675,000 $270,238 $8,230 4.61%
    3 Year 3 $545,000 $181,667 $0 5.75%
    1 Year 1 $155,000 $155,000 $0 7.75%
    5 Year 1 $25,000 $25,000 $0 7.75%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 525 $68,905,000 $131,248
    $<1k 512 $50,620,000 $98,867
    $2k-3k 327 $68,335,000 $208,976
    $3k-4k 173 $51,165,000 $295,751
    $4k-5k 107 $38,255,000 $357,523
    $5k+ 93 $46,815,000 $503,387

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 701 $138,135,000 $197,054
    5-6% 570 $114,830,000 $201,456
    3-4% 356 $58,390,000 $164,017
    6-7% 147 $25,635,000 $174,388
    7-8% 44 $5,480,000 $124,545
    2.5-3% 22 $2,520,000 $114,545
    Over 8% 3 $155,000 $51,667
    <2.5% 1 $45,000 $45,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 725 $105,225,000 $145,138 $3,992 4.84%
    $200k-400k 507 $141,065,000 $278,235 $6,159 4.92%
    $100,000 or less 495 $33,655,000 $67,990 $2,367 4.85%
    $400k-600k 94 $44,080,000 $468,936 $9,457 4.93%
    $600k-1MM 20 $13,870,000 $693,500 $12,135 4.60%
    $1MM+ 4 $7,500,000 $1,875,000 $20,291 5.28%

    2022 saw Navy Army Community Credit Union place emphasis on $100k-200k loans with 725 originations, totaling $105,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 492 $67,610,000 $137,419 $3,791 4.79%
    $100k-150k 423 $102,075,000 $241,312 $5,629 5.00%
    $75k-100k 334 $60,170,000 $180,150 $4,496 4.81%
    $50k or less 324 $30,330,000 $93,611 $3,031 4.78%
    $150k-250k 187 $55,055,000 $294,412 $6,369 4.80%
    $250k+ 41 $16,425,000 $400,610 $8,078 4.67%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 338 $62,820,000 $185,858 $4,544 4.85%
    20-30% 292 $47,190,000 $161,610 $4,051 4.66%
    50-60% 218 $42,810,000 $196,376 $4,950 4.81%
    <20% 86 $11,560,000 $134,419 $3,651 4.69%
    39% 84 $13,900,000 $165,476 $4,227 4.85%
    44% 72 $13,630,000 $189,306 $4,620 4.59%
    36% 65 $11,925,000 $183,462 $4,552 4.82%
    42% 64 $13,560,000 $211,875 $5,134 4.79%
    38% 64 $11,730,000 $183,281 $4,524 5.05%
    43% 64 $12,080,000 $188,750 $4,484 4.92%
    37% 63 $11,215,000 $178,016 $4,419 5.10%
    49% 61 $12,205,000 $200,082 $4,812 4.98%
    41% 61 $12,495,000 $204,836 $4,976 4.80%
    45% 59 $12,415,000 $210,424 $5,082 5.02%
    46% 53 $12,065,000 $227,642 $5,558 5.04%
    48% 52 $9,710,000 $186,731 $4,576 5.10%
    47% 50 $9,600,000 $192,000 $4,789 4.89%
    40% 50 $10,350,000 $207,000 $4,980 4.88%
    >60% 12 $2,640,000 $220,000 $3,849 5.92%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,631 $295,985,000 $181,475 $4,526 4.86%
    Not provided 109 $22,335,000 $204,908 $4,969 4.69%
    Not applicable 44 $13,210,000 $300,227 $2,332 5.83%
    Asian 27 $6,835,000 $253,148 $5,585 4.68%
    Black 21 $4,815,000 $229,286 $5,202 5.00%
    American Indian 13 $2,215,000 $170,385 $4,512 4.42%

    Approval Rates

    Total approvals of all applications
    87.09%

    Navy Army Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    42.28%

    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 1,845 $345,395,000 $187,206

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,845 $345,395,000 $187,206

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 167 $12,735,000 $76,257 $2,456 4.74%
    40-60% 285 $38,575,000 $135,351 $3,536 4.65%
    60-80% 610 $113,630,000 $186,279 $4,577 4.99%
    80-100% 744 $178,320,000 $239,677 $5,526 4.86%
    Under 20% 39 $2,135,000 $54,744 $1,653 5.32%

    Complaints

    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%