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Navigator Credit Union

Pascagoula, MS

Navigator Credit Union processed 170 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 96 loans with a 17.1% denial rate. Refinancing was the primary loan purpose. Based in Pascagoula, MS. The approval rate of 56.5% reflects originated loans as a share of all applications.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Navigator Credit Union's 56.5% origination rate tells you how often an application turned into funded money; the 17.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (170 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.

170
Applications
96
Originated
17.1%
Denial Rate
$140,294
Avg Loan Amount
Avg Interest Rate: 6.632% Avg Applicant Income: $30,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 170 96 29 $140,294

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Navigator Credit Union (LEI: 5493006OZEG7DK77IP05) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
21
Debt-to-income ratio
12
Collateral
6
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Refinancing 66 31 $115,606
Home Purchase 56 42 $219,107
Cash-out Refinancing 48 23 $82,292

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 97 65.0% 7.2%
Black or African American * 32 40.6% 37.5%
Asian * 2 50.0% 0.0%
Joint * 1 0.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

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 114 62.3% 12.3%
Hispanic or Latino * 10 40.0% 10.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MS

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

Cadence Bank

Tupelo, MS

19,150 apps 12,823 originated 18.2% denied

Trustmark National Bank

JACKSON, MS

11,550 apps 8,088 originated 12.3% denied

Hancock Whitney Bank

GULFPORT, MS

5,857 apps 3,192 originated 20.9% denied

Community Bank of Mississippi

Flowood, MS

4,507 apps 3,490 originated 7.3% denied

BANKPLUS

RIDGELAND, MS

3,698 apps 2,745 originated 10.7% denied
Compare Navigator Credit Union vs Cadence Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Navigator Credit Union process?
Navigator Credit Union processed 170 mortgage applications in the 2024 HMDA reporting year. Of these, 96 were originated (approved and funded), 40 were withdrawn by the applicant, and 29 were denied.
What is Navigator Credit Union's mortgage approval rate?
Navigator Credit Union has an approval (origination) rate of 56.5%, meaning 56.5% of all applications resulted in a funded mortgage. The denial rate is 17.1%.
What is the average loan amount at Navigator Credit Union?
The average mortgage loan amount at Navigator Credit Union is $140,294. The average interest rate is 6.632%. The average applicant income is $30,000.
What are the most common reasons for mortgage denial at Navigator Credit Union?
The most common reasons for mortgage denial at Navigator Credit Union are: Credit history, Debt-to-income ratio, Collateral. In total, 29 applications were denied out of 170 total applications.
What types of mortgage loans does Navigator Credit Union offer?
Navigator Credit Union processes Conventional loans. The most common type is Conventional with 170 applications and an average loan amount of $140,294.
What loan purposes does Navigator Credit Union serve?
Navigator Credit Union serves the following loan purposes: Refinancing (66 applications), Home Purchase (56 applications), Cash-out Refinancing (48 applications). Refinancing is the most common purpose.
Where is Navigator Credit Union located?
Navigator Credit Union is headquartered in Pascagoula, MS. The lender is identified by LEI 5493006OZEG7DK77IP05 in HMDA data.
How does Navigator Credit Union compare in lending across racial demographics?
Navigator Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 65.0% and denial rate of 7.2%; Black or African American applicants have an approval rate of 40.6% and denial rate of 37.5%; Asian applicants have an approval rate of 50.0% and denial rate of 0.0%. 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.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.