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Navigant Credit Union

Smithfield, RI

Navigant Credit Union processed 3,426 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,143 loans with a 19.2% denial rate. Other was the primary loan purpose. Based in Smithfield, RI. The approval rate of 62.6% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Navigant Credit Union processed 3,426 HMDA-reported mortgage applications in 2024, originating 2,143 loans and denying 658 for a denial rate of 19.2% (applicants themselves withdrew 374 files before a decision). The average loan amount was $201,489 at a 7.101% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300YIBRM1ZYA6GT07 from Smithfield, RI.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Navigant Credit Union's 62.6% origination rate tells you how often an application turned into funded money; the 19.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,426 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

3,426
Applications
2,143
Originated
19.2%
Denial Rate
$201,489
Avg Loan Amount
Avg Interest Rate: 7.101% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,426 2,143 658 $201,489

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Navigant Credit Union (LEI: 549300YIBRM1ZYA6GT07) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
309
Credit history
164
Collateral
78
Credit application incomplete
73
Unverifiable information
22
Other
16

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 1,109 601 $120,518
Home Improvement 724 406 $99,378
Home Purchase 718 566 $415,710
Refinancing 713 477 $191,031
Cash-out Refinancing 162 93 $308,704

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,879 65.4% 17.5%
Black or African American 187 34.8% 39.6%
Asian 75 57.3% 22.7%
Joint 49 65.3% 14.3%
2 or more minority races 3 33.3% 33.3%
American Indian or Alaska Native 3 33.3% 0.0%
Native Hawaiian or Other Pacific Islander 2 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,887 65.3% 16.9%
Hispanic or Latino 266 38.4% 44.0%
Joint 63 66.7% 20.6%

Nearby Lenders in RI

Other HMDA-reporting lenders in RI with similar activity. Compare any two side-by-side.

CBNA Year to Date

Providence, RI

116,492 apps 55,183 originated 26.6% denied

Embrace Home Loans, Inc.

Middletown, RI

7,798 apps 4,738 originated 6.8% denied

BEELINE LOANS, INC.

PROVIDENCE, RI

4,692 apps 320 originated 42.4% denied

COASTAL1 CREDIT UNION

PAWTUCKET, RI

2,133 apps 1,456 originated 24.1% denied

The Washington Trust Company, of Westerly

Westerly, RI

2,028 apps 1,132 originated 20.4% denied
Compare Navigant Credit Union vs CBNA Year to Date →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Navigant Credit Union process?
Navigant Credit Union processed 3,426 mortgage applications in the 2023 HMDA reporting year. Of these, 2,143 were originated (approved and funded), 374 were withdrawn by the applicant, and 658 were denied.
What is Navigant Credit Union's mortgage approval rate?
Navigant Credit Union has an approval (origination) rate of 62.6%, meaning 62.6% of all applications resulted in a funded mortgage. The denial rate is 19.2%.
What is the average loan amount at Navigant Credit Union?
The average mortgage loan amount at Navigant Credit Union is $201,489. The average interest rate is 7.101%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at Navigant Credit Union?
The most common reasons for mortgage denial at Navigant Credit Union are: Debt-to-income ratio, Credit history, Collateral. In total, 658 applications were denied out of 3,426 total applications.
What types of mortgage loans does Navigant Credit Union offer?
Navigant Credit Union processes Conventional loans. The most common type is Conventional with 3,426 applications and an average loan amount of $201,489.
What loan purposes does Navigant Credit Union serve?
Navigant Credit Union serves the following loan purposes: Other (1,109 applications), Home Improvement (724 applications), Home Purchase (718 applications), Refinancing (713 applications), Cash-out Refinancing (162 applications). Other is the most common purpose.
Where is Navigant Credit Union located?
Navigant Credit Union is headquartered in Smithfield, RI. The lender is identified by LEI 549300YIBRM1ZYA6GT07 in HMDA data.
How does Navigant Credit Union compare in lending across racial demographics?
Navigant Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.4% and denial rate of 17.5%; Black or African American applicants have an approval rate of 34.8% and denial rate of 39.6%; Asian applicants have an approval rate of 57.3% and denial rate of 22.7%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.