Navigant Credit Union Mortgage Rates, Fees & Info

Smithfield, RI

LEI: 549300YIBRM1ZYA6GT07

Tax ID: 05-0125860

3.5 stars - out of 5 stars, based on 57 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Navigant Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi loans. Navigant Credit Union has a high proportion of conventional loans. Their top markets include Providence, Boston, Worcester, Barnstable Town, and Miami among others. Navigant Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Navigant Credit Union is typically an average fee lendor.


Originations

3,198

Origination Dollar Volume (All Markets)

$691,580,000

Awards

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

Relative Rate

Navigant Credit Union's average 30 year fixed rate mortgage of loans were 3.27%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.12%.

Relative Fees

Navigant Credit Union's average total fees for a 30 year fixed rate mortgage are $5,876.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2,991 $631,565,000 $211,155 $4,770 3.08%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 56 $21,070,000 $376,250 $3,933 3.09%
WORCESTER, MA-CT (FHA|USDA|VA) 74 $14,410,000 $194,730 $2,563 3.30%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 12 $6,110,000 $509,167 $3,787 3.10%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $3,130,000 $521,667 $5,094 3.13%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 8 $1,740,000 $217,500 $2,982 4.03%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,344 3.28%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,100,000 $275,000 $3,836 2.81%
Outside of Metro Areas 5 $1,095,000 $219,000 $3,377 3.08%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,600 3.21%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $1,075,000 $215,000 $3,360 2.81%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $840,000 $420,000 $3,234 3.25%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $745,000 $248,333 $3,448 3.04%
Lebanon, NH-VT (FHA|USDA|VA) 2 $680,000 $340,000 $2,686 2.19%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $645,000 $645,000 $3,266 3.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $585,000 $195,000 $3,285 3.17%
OCALA, FL (FHA|USDA|VA) 1 $545,000 $545,000 $6,004 3.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $545,000 $545,000 $3,899 3.38%
Bennington, VT (FHA|USDA|VA) 1 $455,000 $455,000 $5,937 3.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $2,803 2.81%
THE VILLAGES, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,623 3.25%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $320,000 $160,000 $2,745 2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $320,000 $160,000 $2,683 2.08%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $285,000 $285,000 $2,653 2.50%
Concord, NH (FHA|USDA|VA) 1 $265,000 $265,000 $2,574 3.50%
BANGOR, ME (FHA|USDA|VA) 1 $235,000 $235,000 $2,655 3.13%
Laconia, NH (FHA|USDA|VA) 1 $225,000 $225,000 $3,202 2.75%
Washington, NC (FHA|USDA|VA) 1 $175,000 $175,000 $2,754 2.88%
Torrington, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,878 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,570 3.00%

Navigant Credit Union's top markets include Providence, Boston, Worcester, Barnstable Town, and Miami among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,198 $691,580,000 $216,254 $4,673 3.08%

For the 2021 period, Navigant Credit Union's most frequently originated loan type of loans were Conventional, with 3,198 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 791 $174,885,000 $221,094 $4,038 2.95%
Home Purchase 724 $246,110,000 $339,931 $5,741 3.24%
Cash Out Refi 639 $165,785,000 $259,444 $4,568 3.15%
Other 612 $71,650,000 $117,075 $632 3.00%
Home Improvement 432 $33,150,000 $76,736 $329 3.08%

For the 2021, Navigant Credit Union's most frequently cited loan purpose of loans were Refi, with 791 originations. The 2nd most popular reason of loans were Home Purchase, with 724 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 1,615 $240,775,000 $149,087 $3,119 2.85%
30 Year 1,082 $326,580,000 $301,830 $5,876 3.27%
15 Year 302 $56,870,000 $188,311 $2,471 3.14%
10 Year 75 $16,845,000 $224,600 $1,261 4.13%
30+ year 75 $44,855,000 $598,067 $5,762 3.38%
Other 32 $4,770,000 $149,063 $1,381 4.19%
5 Year 15 $475,000 $31,667 $0 4.46%
1 Year 2 $410,000 $205,000 $0 5.50%

For the 2021, Navigant Credit Union's most frequently cited loan length of loans were 20 Year, with 1,615 originations. The 2nd most popular length of loans were 30 Year, with 1,082 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,785 $493,655,000 $276,557
$2k-3k 11 $2,535,000 $230,455
$3k-4k 6 $2,430,000 $405,000
$5k+ 3 $1,675,000 $558,333
$1k-2k 2 $290,000 $145,000

$5,876 of loans were Navigant Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,785 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,290 $289,310,000 $224,271
3-4% 1,160 $300,130,000 $258,733
<2.5% 497 $75,665,000 $152,243
4-5% 158 $21,060,000 $133,291
6-7% 51 $2,615,000 $51,275
5-6% 42 $2,800,000 $66,667

During 2021, Navigant Credit Union's average interest rate of loans were 3.27%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,290 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,114 $306,920,000 $275,512 $4,583 3.06%
$100,000 or less 904 $47,940,000 $53,031 $895 3.22%
$100k-200k 808 $117,210,000 $145,062 $2,591 2.97%
$400k-600k 266 $127,960,000 $481,053 $8,059 3.07%
$600k-1MM 86 $63,670,000 $740,349 $8,741 3.11%
$1MM+ 20 $27,880,000 $1,394,000 $53,464 3.00%

2021 saw Navigant Credit Union place emphasis on $200k-400k loans with 1,114 originations, totaling $306,920,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 767 $162,785,000 $212,236 $4,969 3.13%
$75k-100k 602 $109,440,000 $181,794 $3,320 3.10%
$50k-75k 600 $98,280,000 $163,800 $4,237 2.97%
$150k-250k 574 $149,670,000 $260,749 $4,116 3.15%
$50k or less 328 $43,630,000 $133,018 $2,593 3.02%
$250k+ 258 $107,700,000 $417,442 $12,961 2.98%

Navigant Credit Union lent most frequently to those with incomes in the $100k-150k range, with 767 originations. The second most popular income band? $75k-100k, with 602 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 865 $179,835,000 $207,902 $3,694 2.98%
30-36% 599 $128,505,000 $214,533 $4,616 3.13%
<20% 358 $76,840,000 $214,637 $4,881 2.72%
42% 146 $29,340,000 $200,959 $3,492 3.13%
41% 133 $28,935,000 $217,556 $7,763 3.18%
40% 121 $24,465,000 $202,190 $8,171 2.98%
39% 114 $26,480,000 $232,281 $2,707 3.32%
43% 108 $20,040,000 $185,556 $16,467 3.26%
37% 107 $24,095,000 $225,187 $4,994 3.22%
36% 105 $22,315,000 $212,524 $3,647 3.07%
38% 97 $22,595,000 $232,938 $3,486 3.19%
44% 83 $16,605,000 $200,060 $2,658 3.39%
>60% 64 $19,890,000 $310,781 $3,237 3.29%
45% 57 $13,385,000 $234,825 $2,803 3.24%
46% 45 $10,105,000 $224,556 $3,048 3.31%
48% 34 $6,970,000 $205,000 $2,728 3.11%
50-60% 33 $7,925,000 $240,152 $8,116 3.19%
47% 32 $7,130,000 $222,813 $3,888 3.22%
49% 22 $4,770,000 $216,818 $2,634 3.15%

Navigant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 865 originations. The next most common DTI ratio? 30-36%, with 599 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,857 $610,255,000 $213,600 $4,767 3.07%
Not provided 185 $41,595,000 $224,838 $4,388 3.02%
Asian 52 $14,040,000 $270,000 $2,805 3.10%
Not applicable 34 $12,660,000 $372,353 $0 4.23%
Black 57 $10,075,000 $176,754 $2,781 3.29%
American Indian 8 $1,970,000 $246,250 $3,061 2.62%
Asian Indian 1 $415,000 $415,000 $3,383 3.63%
Native Hawaiian 3 $315,000 $105,000 $0 2.92%
Other Pacific Islander 1 $255,000 $255,000 $2,595 2.50%

Approval Rates

Total approvals of all applications
86.74%

Navigant Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
78.59%

Navigant Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 3,198 $691,580,000 $216,254

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,198 $691,580,000 $216,254

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 576 $79,230,000 $137,552 $2,348 2.94%
40-60% 517 $117,795,000 $227,843 $3,299 2.95%
60-80% 876 $282,850,000 $322,888 $3,719 3.12%
80-100% 460 $169,640,000 $368,783 $9,034 3.15%
Over 100% 2 $540,000 $270,000 $64,549 3.75%
Under 20% 765 $41,075,000 $53,693 $353 3.20%