Lender profile · HMDA 2023–2025
Navy Federal Credit Union mortgage approval rates & lending data
Navy Federal Credit Union decided 218,763 mortgage applications and funded 144,539 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 82% | 67,946 / 82,617 | 99% | $345K | 67,160 |
| Home improvement loans | 62% | 50,079 / 80,526 | 97% | $75K | 48,560 |
| Cash-out refinance | 62% | 18,675 / 30,228 | 98% | $155K | 18,262 |
| Refinance | 57% | 4,707 / 8,272 | 97% | $355K | 4,546 |
| Investment property purchase | 55% | 3,395 / 6,131 | 98% | $215K | 3,328 |
| Investment cash-out refinance | 32% | 240 / 748 | 94% | $125K | 226 |
| Investment refinance | 26% | 393 / 1,536 | 97% | $125K | 380 |
| Investment home improvement | 25% | 2,150 / 8,705 | 97% | $75K | 2,077 |
Navy Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Florida | 66% | $295K | 28,577 | 18,569 |
| California | 64% | $105K | 21,050 | 13,136 |
| Virginia | 75% | $145K | 20,715 | 15,223 |
| Texas | 56% | $325K | 16,945 | 9,335 |
| Maryland | 67% | $155K | 14,733 | 9,641 |
| Georgia | 60% | $145K | 13,949 | 8,180 |
| North Carolina | 74% | $285K | 12,660 | 9,154 |
| South Carolina | 71% | $325K | 6,974 | 4,838 |
| Pennsylvania | 68% | $285K | 6,271 | 4,198 |
| Arizona | 70% | $155K | 6,114 | 4,195 |
| Washington | 75% | $185K | 5,409 | 3,996 |
| New Jersey | 64% | $155K | 4,871 | 3,025 |
| Illinois | 61% | $325K | 4,720 | 2,795 |
| Ohio | 71% | $255K | 4,604 | 3,215 |
| New York | 62% | $285K | 4,412 | 2,660 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.