NAVY FEDERAL CREDIT UNION closing costs and rates (2024)
In 2024, NAVY FEDERAL CREDIT UNION originated 28,508 purchase mortgages at a median interest rate of 6.12% and median total closing costs of $4,184. That ranks #16 nationally by origination volume. For total closing costs among lenders with 500+ originations, NAVY FEDERAL CREDIT UNION ranks #127. That is $2,557 below the national median of $6,741. NAVY FEDERAL CREDIT UNION is most active in Florida with 3,010 originations there.
Purchase Originations
28,508
Ranked #16 nationally
Median Total Costs
$4,184
−37.9% vs national ($6,741)
Median Rate
6.125%
−7.5% vs national (6.620%)
Median Origination
$0
Median Lender Credits
$150
Cost Rank (500+ vol.)
#127
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| va | 14,557 | 6.000% | $4,954 | $0 |
| conventional | 13,951 | 6.500% | $3,794 | $0 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Florida | 3,010 | 6.125% | $4,564 | #11 |
| Virginia | 2,635 | 6.125% | $4,213 | #6 |
| North Carolina | 2,327 | 6.125% | $3,828 | #12 |
| Texas | 2,304 | 6.125% | $4,806 | #27 |
| Georgia | 1,528 | 6.125% | $4,288 | #15 |
| California | 1,329 | 6.125% | $5,383 | #35 |
| Maryland | 1,328 | 6.250% | $4,263 | #6 |
| South Carolina | 889 | 6.125% | $3,689 | #18 |
| Pennsylvania | 881 | 6.250% | $4,436 | #24 |
| Tennessee | 747 | 6.125% | $3,694 | #21 |
| Ohio | 743 | 6.250% | $3,230 | #35 |
| Washington | 727 | 6.125% | $4,167 | #24 |
| Illinois | 622 | 6.125% | $4,543 | #39 |
| Arizona | 598 | 6.125% | $4,286 | #33 |
| New York | 593 | 6.125% | $4,644 | #38 |
| Alabama | 565 | 6.125% | $3,106 | #23 |
| Missouri | 515 | 6.125% | $2,780 | #19 |
| Colorado | 487 | 6.125% | $3,163 | #32 |
| Michigan | 443 | 6.125% | $2,780 | #41 |
| Oklahoma | 439 | 6.125% | $3,340 | #17 |
| New Jersey | 421 | 6.125% | $4,926 | #37 |
| Indiana | 419 | 6.125% | $2,076 | #42 |
| Louisiana | 353 | 6.125% | $4,866 | #20 |
| Nevada | 347 | 6.125% | $3,894 | #21 |
| Kentucky | 324 | 6.125% | $2,933 | #29 |
| Mississippi | 290 | 6.125% | $3,470 | #19 |
| Massachusetts | 273 | 6.125% | $3,808 | #40 |
| New Mexico | 272 | 6.125% | $3,931 | #16 |
| Wisconsin | 271 | 6.125% | $2,448 | #46 |
| Connecticut | 266 | 6.125% | $4,232 | #24 |
| Arkansas | 250 | 6.125% | $2,429 | #30 |
| West Virginia | 243 | 6.125% | $3,238 | #13 |
| Kansas | 224 | 6.125% | $2,677 | #29 |
| Oregon | 196 | 6.125% | $4,289 | #47 |
| Minnesota | 193 | 6.125% | $2,964 | #61 |
| Nebraska | 169 | 6.125% | $2,253 | #30 |
| Iowa | 120 | 6.125% | $2,247 | #50 |
| Idaho | 119 | 6.000% | $3,831 | #41 |
| Maine | 118 | 6.125% | $3,061 | #24 |
| Delaware | 117 | 6.125% | $4,085 | #25 |
| New Hampshire | 110 | 6.125% | $2,708 | #22 |
| Rhode Island | 108 | 6.125% | $3,284 | #23 |
| Utah | 100 | 6.125% | $3,127 | #55 |
| District of Columbia | 98 | 6.312% | $5,301 | #13 |
| Alaska | 95 | 6.000% | $4,474 | #14 |
| Hawaii | 93 | 6.125% | $5,412 | #20 |
| Montana | 58 | 6.125% | $3,628 | #31 |
| North Dakota | 45 | 6.000% | $5,750 | — |
| Vermont | 41 | 6.125% | $3,544 | — |
| Wyoming | 39 | 5.875% | $2,741 | — |
| South Dakota | 26 | 6.125% | $3,036 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,826 | 6.125% | — | 265 | −$358 | |
| 2 | $3,896 | 6.125% | — | 179 | −$288 | |
| 3 | $4,118 | 6.250% | — | 169 | −$66 | |
| 4 | $4,150 | 6.250% | — | 298 | −$34 | |
| 5 | $4,190 | 6.125% | — | 311 | +$6 | |
| 6 | $4,313 | 6.250% | — | 217 | +$129 | |
| 7 | $4,539 | 6.125% | — | 276 | +$355 | |
| 8 | $4,597 | 6.125% | — | 204 | +$413 | |
| 9 | $4,598 | 6.125% | — | 226 | +$414 | |
| 10 | $4,611 | 6.125% | — | 193 | +$427 | |
| 11 | $4,644 | 6.125% | — | 216 | +$460 | |
| 12 | $4,743 | 6.125% | — | 293 | +$559 | |
| 13 | $4,972 | 6.125% | — | 242 | +$788 | |
| 14 | $5,016 | 6.250% | — | 245 | +$832 | |
| 15 | $5,115 | 6.250% | — | 203 | +$931 | |
| 16 | $5,418 | 6.125% | — | 189 | +$1,234 | |
| 17 | $5,841 | 6.125% | — | 214 | +$1,657 | |
| 18 | $6,272 | 6.125% | — | 323 | +$2,088 | |
| 19 | $6,556 | 6.125% | — | 471 | +$2,372 | |
| 20 | $6,855 | 6.125% | — | 165 | +$2,671 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.