Naveo Credit Union Mortgage Rates, Fees & Info
Somerville, MALEI: 549300S9FKL431GGXZ11
Tax ID: 04-1144988
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Naveo Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Naveo Credit Union has a high proportion of conventional loans. Their top two markets are Boston and Providence .Naveo 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.
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Originations
20Origination Dollar Volume (All Markets)
$5,830,000Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 19 | $5,255,000 | $276,579 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 20 | $5,830,000 | $291,500 | $0 | 0.00% |
For 2024, Naveo Credit Union's most frequently originated type of loan was Conventional, with 20 originations.
Loan Reason
For 2024, Naveo Credit Union's most frequently cited loan purpose was Home Improvement, with 7 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 20 | $5,830,000 | $291,500 | $0 | 0.00% |
For 2024, Naveo Credit Union's most frequently cited loan duration was Other, with 20 originations.
Loan Sizing
2024 saw Naveo Credit Union place emphasis on $100,000 or less loans with 8 originations, totaling $470,000 in origination value.
Applicant Income
Naveo Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 20 | $5,830,000 | $291,500 | $0 | 0.00% |
Naveo Credit Union lent most frequently to those with DTI ratios of Exempt%, with 20 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.14%
Naveo Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination85.00%
Naveo Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 20 | $5,830,000 | $291,500 |