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NAVY FEDERAL CREDIT UNION
Credit Union|Vienna, VA|National
Loans Originated
31,887
Applications
66,330
Volume
$12 billion
Offers loans directly to consumers
Overall Pricing
Exceptional
Overall Pull Through
Sound
Safe Rate Awards⭐Conventional Superstar⭐VA Superstar⭐Jumbo Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.493%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$749
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
48.1%
Percentage of applications that result in closed loans
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
Report Card
NAVY FEDERAL CREDIT UNION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Exceptional | Market Leader | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
VA | Exceptional | Market Leader | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Exceptional | Market Leader | |
Places Geographic coverage | Strong | National · 50 metro areas · 51 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$383,065
Average Borrower Income
$147,086
Average Property Value
$462,114
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Exceptional | Exceptional | Sound | 15,908 | 49.9% | -0.336% | $937 |
VA Loans | Strong | Exceptional | Exceptional | Sound | 15,368 | 48.2% | -0.655% | $557 |
Jumbo Loans | Strong | Exceptional | Exceptional | Sound | 611 | 1.9% | -0.825% | $283 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Exceptional | Exceptional | Sound | 28,569 | 89.6% | -0.491% | $754 |
Refinance | Strong | Exceptional | Exceptional | Sound | 3,318 | 10.4% | -0.511% | $710 |
Geographic Coverage
Metro Areas
49
States Served
51
Why 51? We count DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY
Top Metro Areas by Place Specialization Score
1
Jacksonville, NC, NCMSA
Volume: 484Mix: 1.52%
Place Specialization
Exceptional
2
Virginia Beach, VA-NCMSA
Volume: 1,147Mix: 3.60%
Place Specialization
Exceptional
3
Pensacola, FLMSA
Volume: 394Mix: 1.24%
Place Specialization
Exceptional
4
Arlington, VA-WVMSA
Volume: 1,099Mix: 3.45%
Place Specialization
Exceptional
5
Washington, DC, DC-MDMSA
Volume: 460Mix: 1.44%
Place Specialization
Exceptional
6
Jacksonville, FL, FLMSA
Volume: 646Mix: 2.03%
Place Specialization
Exceptional
7
Fayetteville, NC, NCMSA
Volume: 269Mix: 0.84%
Place Specialization
Exceptional
8
Baltimore, MDMSA
Volume: 685Mix: 2.15%
Place Specialization
Exceptional
9
Augusta, GA-SCMSA
Volume: 207Mix: 0.65%
Place Specialization
Exceptional
10
Frederick, MDMSA
Volume: 243Mix: 0.76%
Place Specialization
Exceptional
Showing 10 of 49 metro areas
Top States by Place Specialization Score
1
VAState
Volume: 2,985Mix: 9.36%
Place Specialization
Exceptional
2
MDState
Volume: 1,512Mix: 4.74%
Place Specialization
Exceptional
3
SCState
Volume: 1,017Mix: 3.19%
Place Specialization
Exceptional
4
NCState
Volume: 2,526Mix: 7.92%
Place Specialization
Exceptional
5
GAState
Volume: 1,780Mix: 5.58%
Place Specialization
Exceptional
6
FLState
Volume: 3,310Mix: 10.38%
Place Specialization
Exceptional
7
TXState
Volume: 2,420Mix: 7.59%
Place Specialization
Exceptional
8
ALState
Volume: 655Mix: 2.05%
Place Specialization
Exceptional
9
WAState
Volume: 788Mix: 2.47%
Place Specialization
Exceptional
10
PAState
Volume: 990Mix: 3.10%
Place Specialization
Strong
Showing 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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