Kirtland Federal Credit Union Mortgage Rates, Fees & InfoAlbuquerque, NM
Tax ID: 85-0139226
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewKirtland Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Kirtland Federal Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Albuquerque, Santa Fe, Las Cruces, Ruidoso, and Los Alamos among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)
Kirtland Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kirtland Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/19/23|
|30 Year Conventional Purchase||6.29%||3/19/23|
|30 Year Conventional Refi||6.09%||3/19/23|
|30 Year Cash-out Refi||6.13%||3/19/23|
|30 Year FHA Purchase||7.12%||3/19/23|
|30 Year FHA Refi||6.27%||3/19/23|
|30 Year VA Purchase||6.35%||3/19/23|
|30 Year VA Refi||6.35%||3/19/23|
|15 Year Conventional Purchase||6.46%||3/19/23|
|15 Year Conventional Refi||6.20%||3/19/23|
|15 Year Cash-out Refi||6.20%||3/19/23|
|15 Year VA Purchase||5.68%||3/19/23|
|15 Year VA Refi||6.09%||3/19/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$121,530,000
Kirtland Federal Credit Union's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.13%.
Relative Fees (Closing Costs)
Kirtland Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,667.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|ALBUQUERQUE, NM (FHA|USDA|VA)||674||$115,460,000||$171,306||$2,666||3.95%|
|SANTA FE, NM (FHA|USDA|VA)||14||$2,800,000||$200,000||$1,784||3.63%|
|Outside of Metro Areas||8||$1,140,000||$142,500||$3,977||2.97%|
|LAS CRUCES, NM (FHA|USDA|VA)||5||$775,000||$155,000||$2,879||4.28%|
|Ruidoso, NM (FHA|USDA|VA)||1||$305,000||$305,000||$12,300||3.00%|
|Los Alamos, NM (FHA|USDA|VA)||1||$285,000||$285,000||$3,488||2.88%|
|Taos, NM (FHA|USDA|VA)||1||$255,000||$255,000||$2,885||2.88%|
|Grants, NM (FHA|USDA|VA)||1||$225,000||$225,000||$2,582||3.00%|
|Española, NM (FHA|USDA|VA)||1||$115,000||$115,000||$0||6.75%|
|Gallup, NM (FHA|USDA|VA)||1||$95,000||$95,000||$0||6.25%|
|FARMINGTON, NM (FHA|USDA|VA)||2||$60,000||$30,000||$0||12.25%|
|Alamogordo, NM (FHA|USDA|VA)||1||$15,000||$15,000||$0||7.00%|
Their top states include:
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Kirtland Federal Credit Union's most frequently originated type of loan was Conventional, with 521 originations. Their 2nd most popular type was HELOC, with 124 originations.
For 2021, Kirtland Federal Credit Union's most frequently cited loan purpose was Refi, with 314 originations. The 2nd most popular reason was Home Purchase, with 117 originations.
For 2021, Kirtland Federal Credit Union's most frequently cited loan duration was 15 Year, with 356 originations. The 2nd most popular length was 30 Year, with 288 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Kirtland Federal Credit Union's average total fees were $3,667, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 512 originations.
During 2021, Kirtland Federal Credit Union's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 342 originations.
2021 saw Kirtland Federal Credit Union place emphasis on $100k-200k loans with 236 originations, totaling $35,400,000 in origination value.
Kirtland Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 195 originations. The second most popular income band? $50k-75k, with 153 originations.
Applicant Debt to Income Ratio
Kirtland Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 192 originations. The next most common DTI ratio? 30-36%, with 126 originations.
Approval RatesTotal approvals of all applications
Kirtland Federal Credit Union has an average approval rate.
Pick RateApprovals leading to origination
Kirtland Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|