Navigant Credit Union Mortgage Rates, Fees & Info
Smithfield, RILEI: 549300YIBRM1ZYA6GT07
Tax ID: 05-0125860
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
3,198Origination Dollar Volume (All Markets)
$691,580,000Awards
Navigant Credit Union - 2021
Navigant Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications86.74%
Navigant Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.59%
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% |
