Navigant Credit Union Mortgage Rates, Fees & Info

Smithfield, RI

LEI: 549300YIBRM1ZYA6GT07

Tax ID: 05-0125860

5 stars - Updated: 3/29/24 - out of 5 stars, based on 44 reviews

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

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Mortgage Data

Review & Overview

Navigant Credit Union is a smaller credit union specializing in Home Purchase loans. Navigant Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Worcester, Boston, Miami, and Norwich among others. We have data for 30 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 a low 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
Home Equity Line of Credit (HELOC) 5.12% 3/29/24
30 Year Conventional Purchase 6.09% 3/29/24
30 Year Conventional Refi 6.21% 3/29/24
30 Year Cash-out Refi 6.30% 3/29/24
15 Year Conventional Purchase 5.95% 3/29/24
15 Year Conventional Refi 6.03% 3/29/24
15 Year Cash-out Refi 6.03% 3/29/24
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.

Navigant Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Navigant 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

1,904

Origination Dollar Volume (All Markets)

$416,570,000

Awards

Navigant Credit Union 30 Year Conventional Loans gold Navigant Credit Union 30 Year Conventional Loans gold Navigant Credit Union 30 Year Conventional Loans bronze Navigant Credit Union 30 Year Conventional Loans silver
Show all (4) awards

Relative Rate

Navigant Credit Union's average 30 year fixed mortgage rate was 6.41%.

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

This yields a difference of -0.07%.

Relative Fees (Closing Costs)

Navigant Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,635.

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1,744 $364,380,000 $208,933 $2,688 6.85%
WORCESTER, MA-CT (FHA|USDA|VA) 63 $16,115,000 $255,794 $3,604 7.39%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 30 $14,160,000 $472,000 $4,769 6.34%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 11 $4,635,000 $421,364 $5,684 6.34%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 11 $3,105,000 $282,273 $3,946 5.94%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $2,540,000 $635,000 $7,028 7.27%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,014 7.35%
Outside of Metro Areas 6 $1,240,000 $206,667 $3,285 6.35%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $945,000 $315,000 $4,878 5.91%
Lebanon, NH-VT (FHA|USDA|VA) 3 $805,000 $268,333 $3,117 6.03%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $760,000 $380,000 $8,350 6.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $705,000 $705,000 $0 6.63%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $660,000 $330,000 $4,237 6.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $620,000 $310,000 $5,845 6.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $495,000 $495,000 $5,479 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 5.84%
Barre, VT (FHA|USDA|VA) 1 $465,000 $465,000 $4,032 6.88%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,665 5.69%
COLUMBIA, SC (FHA|USDA|VA) 1 $365,000 $365,000 $3,440 6.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $315,000 $315,000 $5,593 6.88%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $305,000 $305,000 $2,989 5.75%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,761 7.50%
Concord, NH (FHA|USDA|VA) 1 $285,000 $285,000 $3,977 6.75%
Torrington, CT (FHA|USDA|VA) 1 $275,000 $275,000 $4,237 7.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $255,000 $255,000 $3,387 5.88%
OCALA, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $3,667 7.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,937 6.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.84%
Navigant Credit Union's top markets include Providence, Worcester, Boston, Miami, and Norwich among others.

Their top states include:
  • Rhode Island (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Similar Lenders

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

    RTN FEDERAL CREDIT UNION
    Similarity Rank: 40
    OCEAN STATE CREDIT UNION
    Similarity Rank: 45
    SOMERSET
    Similarity Rank: 48
    Charter Oak Federal Credit Union
    Similarity Rank: 56
    HOMEFIELD
    Similarity Rank: 75
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 135
    GREYLOCK
    Similarity Rank: 160
    Country Bank for Savings
    Similarity Rank: 165
    Piscataqua Savings Bank
    Similarity Rank: 177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,037 $147,375,000 $142,117 n/a 6.84%
    Conventional 867 $269,195,000 $310,490 $2,856 6.85%

    For 2023, Navigant Credit Union's most frequently originated type of loan was HELOC, with 1,037 originations. Their 2nd most popular type was Conventional, with 867 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 585 $76,255,000 $130,350 $466 7.04%
    Home Purchase 505 $200,725,000 $397,475 $3,910 6.47%
    Refi 361 $76,735,000 $212,562 $1,771 7.22%
    Home Improvement 350 $31,830,000 $90,943 $247 6.80%
    Cash Out Refi 103 $31,025,000 $301,214 $3,237 6.40%

    For 2023, Navigant Credit Union's most frequently cited loan purpose was Other, with 585 originations. The 2nd most popular reason was Home Purchase, with 505 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,047 $149,185,000 $142,488 $2,568 6.84%
    30 Year 548 $196,030,000 $357,719 $3,635 6.41%
    15 Year 145 $13,875,000 $95,690 $521 7.79%
    10 Year 57 $16,965,000 $297,632 $56 7.72%
    30+ year 48 $37,120,000 $773,333 $6,680 6.96%
    5 Year 37 $1,355,000 $36,622 $0 7.37%
    Other 19 $1,815,000 $95,526 $781 7.63%
    1 Year 3 $225,000 $75,000 $0 10.58%

    For 2023, Navigant Credit Union's most frequently cited loan duration was 20 Year, with 1,047 originations. The 2nd most popular length was 30 Year, with 548 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 810 $239,800,000 $296,049
    $5k+ 13 $5,605,000 $431,154
    $1k-2k 9 $2,735,000 $303,889
    $4k-5k 8 $2,910,000 $363,750
    $2k-3k 7 $1,305,000 $186,429
    $3k-4k 6 $2,010,000 $335,000

    Navigant Credit Union's average total fees were $3,635, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 810 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 652 $139,690,000 $214,248
    7-8% 524 $110,910,000 $211,660
    6-7% 396 $127,560,000 $322,121
    Over 8% 241 $22,755,000 $94,419
    3-4% 85 $13,975,000 $164,412
    4-5% 4 $1,580,000 $395,000
    <2.5% 2 $100,000 $50,000

    During 2023, Navigant Credit Union's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 5-6%, with 652 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 726 $38,160,000 $52,562 $164 7.26%
    $200k-400k 477 $135,585,000 $284,245 $3,587 6.44%
    $100k-200k 416 $56,100,000 $134,856 $2,232 6.82%
    $400k-600k 185 $88,285,000 $477,216 $3,987 6.47%
    $600k-1MM 75 $54,815,000 $730,867 $5,427 6.48%
    $1MM+ 25 $43,625,000 $1,745,000 $8,385 6.76%

    2023 saw Navigant Credit Union place emphasis on $100,000 or less loans with 726 originations, totaling $38,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 505 $93,395,000 $184,941 $2,510 6.86%
    $150k-250k 448 $113,820,000 $254,063 $3,256 6.78%
    $75k-100k 348 $51,250,000 $147,270 $2,515 6.92%
    $50k-75k 259 $32,745,000 $126,429 $2,289 6.86%
    $250k+ 195 $92,165,000 $472,641 $4,612 6.68%
    $50k or less 124 $15,810,000 $127,500 $2,207 6.98%

    Navigant Credit Union lent most frequently to those with incomes in the $100k-150k range, with 505 originations. The second most popular income band? $150k-250k, with 448 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 407 $77,825,000 $191,216 $2,502 6.77%
    30-36% 324 $64,270,000 $198,364 $2,637 6.73%
    <20% 113 $21,285,000 $188,363 $2,984 6.51%
    41% 84 $14,790,000 $176,071 $2,336 7.29%
    39% 76 $16,800,000 $221,053 $2,541 6.98%
    44% 74 $14,880,000 $201,081 $2,556 7.34%
    40% 74 $14,970,000 $202,297 $2,983 7.06%
    47% 73 $12,295,000 $168,425 $3,620 6.96%
    49% 71 $13,875,000 $195,423 $2,727 6.71%
    45% 67 $15,655,000 $233,657 $2,980 7.10%
    42% 66 $15,150,000 $229,545 $2,770 7.05%
    43% 65 $14,225,000 $218,846 $2,845 6.95%
    46% 65 $11,055,000 $170,077 $2,669 6.61%
    36% 62 $15,230,000 $245,645 $3,396 6.92%
    48% 61 $14,985,000 $245,656 $3,181 6.62%
    38% 55 $11,695,000 $212,636 $2,663 6.48%
    >60% 53 $23,135,000 $436,509 $4,541 6.98%
    50-60% 45 $16,965,000 $377,000 $4,445 6.61%
    37% 43 $9,365,000 $217,791 $2,336 6.96%

    Navigant Credit Union lent most frequently to those with DTI ratios of 20-30%, with 407 originations. The next most common DTI ratio? 30-36%, with 324 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,678 $353,990,000 $210,959 $2,839 6.84%
    Not provided 86 $18,560,000 $215,814 $2,438 6.83%
    Asian 46 $16,820,000 $365,652 $3,826 6.37%
    Black 67 $12,145,000 $181,269 $2,977 7.22%
    Not applicable 11 $12,095,000 $1,099,545 $0 8.10%
    American Indian 14 $2,370,000 $169,286 $2,296 6.71%
    Asian Indian 1 $345,000 $345,000 $3,165 5.38%
    Chinese 1 $245,000 $245,000 $2,452 6.75%

    Approval Rates

    Total approvals of all applications
    78.62%

    Navigant Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.31%

    Navigant Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,904 $416,570,000 $218,787

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,904 $416,570,000 $218,787

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 446 $70,090,000 $157,152 $1,776 6.75%
    40-60% 185 $56,685,000 $306,405 $3,683 6.53%
    60-80% 274 $125,740,000 $458,905 $4,089 6.54%
    80-100% 269 $118,075,000 $438,941 $3,959 6.37%
    Over 100% 4 $1,370,000 $342,500 $4,689 6.44%
    Under 20% 726 $44,610,000 $61,446 $131 7.27%