Nasa Federal Credit Union Mortgage Rates, Fees & Info

Upper Marlboro, MD

LEI: 549300KPBZCTMM3Y0061

Tax ID: 53-0258248

5 stars - Updated: 4/14/24 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

Review & Overview

Nasa Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Nasa Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Washington, Baltimore, Atlanta, Houston, and Los Angeles among others. We have data for 88 markets. (Some data included below & more in-depth data is available with an active subscription.)

Nasa 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. Nasa Federal Credit Union is typically a high 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
30 Year Conventional Purchase 6.58% 4/14/24
30 Year Conventional Refi 6.32% 4/14/24
30 Year Cash-out Refi 6.53% 4/14/24
30 Year FHA Purchase 7.18% 4/14/24
30 Year VA Purchase 6.44% 4/14/24
15 Year Conventional Purchase 5.89% 4/14/24
15 Year Conventional Refi 6.11% 4/14/24
15 Year Cash-out Refi 6.11% 4/14/24
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.

Nasa 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 Nasa 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

420

Origination Dollar Volume (All Markets)

$71,970,000

Awards

NASA Federal Credit Union 30 Year Conventional Loans bronze
Show all (1) awards

Relative Rate

Nasa Federal Credit Union's average 30 year fixed mortgage rate was 6.56%.

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

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Nasa Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $8,818.

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) 149 $26,185,000 $175,738 $2,950 7.59%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 72 $11,920,000 $165,556 $2,696 7.40%
Outside of Metro Areas 16 $2,340,000 $146,250 $2,871 7.53%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $2,220,000 $185,000 $3,056 7.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $1,950,000 $325,000 $11,392 6.44%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $1,580,000 $197,500 $3,690 7.28%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $1,325,000 $189,286 $4,481 7.21%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 6 $1,140,000 $190,000 $6,013 6.71%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $11,029 6.29%
SALISBURY, MD-DE (FHA|USDA|VA) 7 $1,075,000 $153,571 $3,779 6.93%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,065,000 $355,000 $9,605 6.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $1,025,000 $341,667 $8,242 6.42%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $995,000 $995,000 $19,615 6.13%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $725,000 $725,000 $16,817 6.25%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $705,000 $235,000 $4,757 7.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $700,000 $175,000 $3,238 7.63%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $695,000 $139,000 $3,073 7.15%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $605,000 $605,000 $8,533 6.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $605,000 $201,667 $3,394 8.08%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $590,000 $147,500 $1,769 7.28%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $560,000 $280,000 $3,849 7.13%
SANTA FE, NM (FHA|USDA|VA) 1 $525,000 $525,000 $9,008 6.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $515,000 $171,667 $3,267 7.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $515,000 $171,667 $3,786 7.29%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $505,000 $168,333 $4,225 8.33%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $470,000 $235,000 $3,984 6.50%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $465,000 $465,000 $21,108 6.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $455,000 $91,000 $0 7.70%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $440,000 $110,000 $25 7.63%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $405,000 $405,000 $8,669 7.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $350,000 $175,000 $5,496 6.81%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $330,000 $165,000 $2,210 7.19%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $315,000 $63,000 $0 7.30%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $295,000 $295,000 $9,473 7.88%
ODESSA, TX (FHA|USDA|VA) 1 $295,000 $295,000 $6,646 7.50%
Toccoa, GA (FHA|USDA|VA) 1 $285,000 $285,000 $5,866 6.63%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $285,000 $285,000 $6,527 7.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $285,000 $95,000 $25 7.58%
OCALA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $5,417 6.38%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $4,212 6.13%
DuBois, PA (FHA|USDA|VA) 1 $275,000 $275,000 $11,184 7.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $270,000 $67,500 $708 8.31%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $265,000 $265,000 $7,398 7.50%
STAUNTON, VA (FHA|USDA|VA) 1 $255,000 $255,000 $6,213 5.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $255,000 $51,000 $0 8.05%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $250,000 $125,000 $4,727 7.38%
RICHMOND, VA (FHA|USDA|VA) 3 $245,000 $81,667 $0 7.33%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $230,000 $115,000 $0 9.25%
ROCHESTER, NY (FHA|USDA|VA) 1 $225,000 $225,000 $7,467 6.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $225,000 $75,000 $1,703 8.17%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $4,061 6.13%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $175,000 $175,000 $3,821 5.88%
Cambridge, MD (FHA|USDA|VA) 1 $175,000 $175,000 $4,197 6.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $165,000 $165,000 $5,178 6.63%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.50%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $125,000 $125,000 $4,100 6.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,736 6.25%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $115,000 $115,000 $5,916 5.25%
DOVER, DE (FHA|USDA|VA) 2 $110,000 $55,000 $2,252 6.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $110,000 $55,000 $0 8.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.50%
GRANTS PASS, OR (FHA|USDA|VA) 1 $105,000 $105,000 $0 7.00%
Somerset, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,292 6.88%
FRESNO, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.50%
ERIE, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 7.75%
WENATCHEE, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 9.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.50%
Moultrie, GA (FHA|USDA|VA) 1 $65,000 $65,000 $750 8.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $65,000 $65,000 $3,954 5.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.75%
COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.25%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.00%
Meadville, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.00%
Nogales, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.25%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.25%
West Plains, MO (FHA|USDA|VA) 1 $15,000 $15,000 $0 7.00%
Nasa Federal Credit Union's top markets include Washington, Baltimore, Atlanta, Houston, and Los Angeles among others.

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

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

    Republic Bank
    Similarity Rank: 21
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    County Savings Bank
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    Columbia Bank
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    POINT BREEZE
    Similarity Rank: 160
    AMOCO
    Similarity Rank: 258
    GIBRALTAR MORTGAGE SERVICES, LLC
    Similarity Rank: 360
    IDB Global Federal Credit Union
    Similarity Rank: 416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 411 $68,105,000 $165,706 $2,877 7.48%
    FHA 7 $2,915,000 $416,429 $16,712 6.39%
    VA 2 $950,000 $475,000 $18,220 6.13%

    For 2023, Nasa Federal Credit Union's most frequently originated type of loan was Conventional, with 411 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 126 $44,520,000 $353,333 $8,978 6.54%
    Home Improvement 115 $8,535,000 $74,217 $71 7.89%
    Other 108 $7,600,000 $70,370 $24 8.19%
    Refi 48 $6,400,000 $133,333 $1,469 7.57%
    Cash Out Refi 23 $4,915,000 $213,696 $5,356 6.65%

    For 2023, Nasa Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Home Improvement, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 137 $13,395,000 $97,774 $372 8.40%
    30 Year 137 $46,945,000 $342,664 $8,818 6.56%
    15 Year 71 $6,805,000 $95,845 $1,024 7.58%
    10 Year 50 $3,450,000 $69,000 $64 7.41%
    5 Year 25 $1,375,000 $55,000 $27 6.98%

    For 2023, Nasa Federal Credit Union's most frequently cited loan duration was 20 Year, with 137 originations. The 2nd most popular length was 30 Year, with 137 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 267 $20,905,000 $78,296
    $5k+ 59 $27,785,000 $470,932
    $3k-4k 38 $10,760,000 $283,158
    $2k-3k 21 $3,915,000 $186,429
    $4k-5k 21 $7,145,000 $340,238
    $1k-2k 14 $1,460,000 $104,286

    Nasa Federal Credit Union's average total fees were $8,818, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 267 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 148 $18,730,000 $126,554
    6-7% 119 $31,355,000 $263,487
    Over 8% 109 $9,245,000 $84,817
    5-6% 43 $12,475,000 $290,116
    4-5% 1 $165,000 $165,000

    During 2023, Nasa Federal Credit Union's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 7-8%, with 148 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 209 $11,975,000 $57,297 $196 7.93%
    $200k-400k 86 $24,440,000 $284,186 $6,718 6.71%
    $100k-200k 80 $10,820,000 $135,250 $1,554 7.58%
    $400k-600k 33 $16,005,000 $485,000 $11,852 6.59%
    $600k-1MM 12 $8,730,000 $727,500 $16,797 6.23%

    2023 saw Nasa Federal Credit Union place emphasis on $100,000 or less loans with 209 originations, totaling $11,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 137 $21,605,000 $157,701 $2,958 7.50%
    $150k-250k 126 $24,460,000 $194,127 $3,447 7.58%
    $75k-100k 59 $7,865,000 $133,305 $2,778 7.41%
    $250k+ 57 $13,645,000 $239,386 $3,966 7.39%
    $50k-75k 29 $3,235,000 $111,552 $2,492 7.23%
    $50k or less 9 $645,000 $71,667 $2,465 6.64%

    Nasa Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 137 originations. The second most popular income band? $150k-250k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 94 $16,190,000 $172,234 $3,301 7.43%
    20-30% 70 $13,470,000 $192,429 $3,713 7.03%
    42% 60 $6,510,000 $108,500 $1,090 8.15%
    39% 32 $3,770,000 $117,813 $1,818 7.88%
    41% 30 $3,920,000 $130,667 $1,409 7.69%
    40% 26 $3,800,000 $146,154 $1,742 7.89%
    <20% 19 $3,165,000 $166,579 $3,446 6.63%
    36% 18 $1,820,000 $101,111 $1,164 7.78%
    38% 16 $3,300,000 $206,250 $3,446 7.51%
    37% 15 $1,645,000 $109,667 $1,283 7.73%
    49% 10 $3,380,000 $338,000 $10,356 6.49%
    44% 8 $3,330,000 $416,250 $9,808 6.84%
    45% 5 $2,255,000 $451,000 $11,369 6.43%
    48% 5 $1,695,000 $339,000 $8,389 6.58%
    46% 4 $1,140,000 $285,000 $7,622 6.81%
    47% 3 $955,000 $318,333 $8,337 6.29%
    43% 3 $865,000 $288,333 $8,379 6.71%
    50-60% 2 $760,000 $380,000 $16,050 6.44%

    Nasa Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 94 originations. The next most common DTI ratio? 20-30%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 216 $38,260,000 $177,130 $3,417 7.36%
    Not provided 113 $18,985,000 $168,009 $2,794 7.54%
    Black 72 $11,410,000 $158,472 $3,038 7.64%
    Asian 18 $3,110,000 $172,778 $3,162 7.36%
    American Indian 1 $205,000 $205,000 $6,394 7.38%

    Approval Rates

    Total approvals of all applications
    97.21%

    Nasa Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    71.19%

    Nasa Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 420 $71,970,000 $171,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    420 $71,970,000 $171,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $7,570,000 $130,517 $710 7.96%
    40-60% 24 $6,320,000 $263,333 $5,994 6.48%
    60-80% 49 $17,115,000 $349,286 $8,857 6.58%
    80-100% 69 $25,755,000 $373,261 $9,500 6.62%
    Over 100% 2 $950,000 $475,000 $18,220 6.13%
    Under 20% 218 $14,260,000 $65,413 $114 7.91%