Navigant Credit Union Mortgage Rates, Fees & Info
Smithfield, RILEI: 549300YIBRM1ZYA6GT07
Tax ID: 05-0125860
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & 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 by origination volume include: Providence, Boston, Worcester, Barnstable Town, and Miami among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)Navigant 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. Navigant Credit Union is typically an average 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.14% | 3/19/23 |
| 30 Year Conventional Purchase | 6.64% | 3/19/23 |
| 30 Year Conventional Refi | 6.62% | 3/19/23 |
| 30 Year Cash-out Refi | 6.71% | 3/19/23 |
| 30 Year VA Purchase | 6.27% | 3/19/23 |
| 15 Year Conventional Purchase | 6.33% | 3/19/23 |
| 15 Year Conventional Refi | 6.35% | 3/19/23 |
| 15 Year Cash-out Refi | 6.35% | 3/19/23 |
| 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. | ||
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 mortgage rate was
3.27%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 0.12%.
Relative Fees (Closing Costs)
Navigant Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,876.
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 $4,750.
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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,848 | $515,180,000 | $278,777 | $4,673 | 3.28% |
| HELOC | 1,350 | $176,400,000 | $130,667 | n/a | 2.81% |
For 2021, Navigant Credit Union's most frequently originated type of loan was Conventional, with 1,848 originations. Their 2nd most popular type was HELOC, with 1,350 originations.
Loan Reason
For 2021, Navigant Credit Union's most frequently cited loan purpose was Refi, with 791 originations. The 2nd most popular reason was Home Purchase, with 724 originations.
Loan Duration/Length
For 2021, Navigant Credit Union's most frequently cited loan duration was 20 Year, with 1,615 originations. The 2nd most popular length was 30 Year, with 1,082 originations.
Origination Fees/Closing Costs
Navigant Credit Union's average total fees were $5,876, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,785 originations.
Interest Rates
During 2021, Navigant Credit Union's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,290 originations.
Loan Sizing
2021 saw Navigant Credit Union place emphasis on $200k-400k loans with 1,114 originations, totaling $306,920,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications86.49%
Navigant Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.74%
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 |