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Navy Federal Credit Union's 31.9k closed loans and 66k applications, benchmarked against peer lenders across the 4 Ps of Mortgage Shopping.
Pricing
Exceptional
vs. all lenders
Pull Through
Sound
closing strength
Products
Exceptional
Conventional · VA · Jumbo
Place
Strong
National · 49 mkts
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
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Safe Rate's Summary
What They Do Well
- Offers rates 49.30 basis points below market average
- Lower than average lender fees
- High volume lender with significant market experience
- Particularly strong in Conventional and VA and Jumbo loans
- Nationwide availability with consistent service
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Report Card
Navy Federal Credit Union performance at a glance
| Category | Score | vs. Peers |
|---|---|---|
Overall Performance· Pricing & closing strength | ||
Pricing Rate competitiveness | Market Leader Rates 49.3 bps below market avg | |
Pull Through Closing strength | Industry Standard Top 60% of lenders | |
By Loan Product· Specialization by type | ||
Conventional | Market Leader Top 20% of lenders | |
VA | Market Leader Top 5% of lenders | |
Jumbo | Market Leader Top 20% of lenders | |
By Loan Purpose· Transaction purpose mix | ||
Purchase | Market Leader Top 10% of lenders | |
Refinance | Market Leader Top 20% of lenders | |
By Location· Geographic coverage | ||
Geographic Reach Coverage footprint | Highly Competitive Top 40% of lenders National50 markets | |
Loan Product Performance
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | 15,908 | 49.9% | -0.336%Below | $937Fees | ||||
VA Loans | 15,368 | 48.2% | -0.655%Below | $557Fees | ||||
Jumbo Loans | 611 | 1.9% | -0.825%Below | $283Fees |
Loan Purpose Performance
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | 28,569 | 89.6% | -0.491%Below | $754Fees | ||||
Refinance | 3,318 | 10.4% | -0.511%Below | $710Fees |
At a Glance
Lender Overview
Lending Activity
Loans Originated
31,887
Applications
66,330
Volume
$12 billion
Pricing & Closing
Avg Rate Spread
-0.493%
vs. market APOR
Avg Net Fees
$749
Origination − Credits
Pullthrough Rate
48.1%
Applications → Closed
Typical Borrower
Avg Loan Amount
$383,065
Avg Borrower Income
$147,086
Avg Property Value
$462,114
Geographic Coverage
Geographic Performance
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Jacksonville, NC, NCMSA
Volume: 484Mix: 1.52%of portfolio
Place
Exceptional2
Virginia Beach, VA-NCMSA
Volume: 1,147Mix: 3.60%of portfolio
Place
Exceptional3
Pensacola, FLMSA
Volume: 394Mix: 1.24%of portfolio
Place
Exceptional4
Arlington, VA-WVMSA
Volume: 1,099Mix: 3.45%of portfolio
Place
Exceptional5
Washington, DC, DC-MDMSA
Volume: 460Mix: 1.44%of portfolio
Place
Exceptional6
Jacksonville, FL, FLMSA
Volume: 646Mix: 2.03%of portfolio
Place
Exceptional7
Fayetteville, NC, NCMSA
Volume: 269Mix: 0.84%of portfolio
Place
Exceptional8
Baltimore, MDMSA
Volume: 685Mix: 2.15%of portfolio
Place
Exceptional9
Augusta, GA-SCMSA
Volume: 207Mix: 0.65%of portfolio
Place
Exceptional10
Frederick, MDMSA
Volume: 243Mix: 0.76%of portfolio
Place
ExceptionalShowing 10 of 49 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 2,985Mix: 9.36%of portfolio
Place
Exceptional2
MDState
Volume: 1,512Mix: 4.74%of portfolio
Place
Exceptional3
SCState
Volume: 1,017Mix: 3.19%of portfolio
Place
Exceptional4
NCState
Volume: 2,526Mix: 7.92%of portfolio
Place
Exceptional5
GAState
Volume: 1,780Mix: 5.58%of portfolio
Place
Exceptional6
FLState
Volume: 3,310Mix: 10.38%of portfolio
Place
Exceptional7
TXState
Volume: 2,420Mix: 7.59%of portfolio
Place
Exceptional8
ALState
Volume: 655Mix: 2.05%of portfolio
Place
Exceptional9
WAState
Volume: 788Mix: 2.47%of portfolio
Place
Exceptional10
PAState
Volume: 990Mix: 3.10%of portfolio
Place
StrongShowing 10 of 51 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.