Kirtland Federal Credit Union Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 2549008NZFLT1BQ8EN23

Tax ID: 85-0139226

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Kirtland Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi 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, Española, Las Cruces, and Farmington 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 a low 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 7.06% 4/21/24
    30 Year Conventional Refi 6.78% 4/21/24
    30 Year Cash-out Refi 6.94% 4/21/24
    30 Year FHA Purchase 7.75% 4/21/24
    30 Year VA Purchase 6.69% 4/21/24
    30 Year VA Refi 6.60% 4/21/24
    15 Year Conventional Purchase 6.26% 4/21/24
    15 Year Conventional Refi 6.41% 4/21/24
    15 Year Cash-out Refi 6.41% 4/21/24
    15 Year VA Purchase 5.68% 4/21/24
    15 Year VA Refi 5.68% 4/21/24
    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.

    Kirtland Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Kirtland Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    418

    Origination Dollar Volume (All Markets)

    $65,150,000
    Show all (8) awards

    Top Markets

    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) 391 $60,285,000 $154,182 $2,681 4.59%
    SANTA FE, NM (FHA|USDA|VA) 7 $1,705,000 $243,571 $2,574 4.45%
    Española, NM (FHA|USDA|VA) 4 $700,000 $175,000 $2,676 4.06%
    Outside of Metro Areas 5 $635,000 $127,000 $2,132 5.45%
    LAS CRUCES, NM (FHA|USDA|VA) 3 $485,000 $161,667 $1,953 3.96%
    FARMINGTON, NM (FHA|USDA|VA) 2 $410,000 $205,000 $3,529 3.31%
    Las Vegas, NM (FHA|USDA|VA) 1 $205,000 $205,000 $1,675 3.63%
    Gallup, NM (FHA|USDA|VA) 1 $195,000 $195,000 $1,950 4.25%
    Los Alamos, NM (FHA|USDA|VA) 1 $195,000 $195,000 $3,052 3.88%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $125,000 $125,000 $3,012 3.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $115,000 $115,000 $685 4.13%
    Grants, NM (FHA|USDA|VA) 1 $95,000 $95,000 $3,219 5.50%
    Kirtland Federal Credit Union's top markets include Albuquerque, Santa Fe, Española, Las Cruces, and Farmington among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Kirtland Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SANDIA LABORATORY
    Similarity Rank: 60
    RIO GRANDE
    Similarity Rank: 264
    First American Bank
    Similarity Rank: 486
    SIRVA MORTGAGE, INC.
    Similarity Rank: 648
    Del Norte Credit Union
    Similarity Rank: 801
    Kirtland Federal Credit Union
    Similarity Rank: 900
    SANDIA AREA
    Similarity Rank: 910
    First Financial Credit Union
    Similarity Rank: 946
    NUSENDA
    Similarity Rank: 1377
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 2260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 362 $53,130,000 $146,768 $2,354 4.68%
    VA 42 $9,490,000 $225,952 $3,964 3.85%
    FHA 14 $2,530,000 $180,714 $4,292 3.91%

    For 2019, Kirtland Federal Credit Union's most frequently originated type of loan was Conventional, with 362 originations. Their 2nd most popular type was VA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 137 $27,725,000 $202,372 $2,324 4.07%
    Refi 116 $21,570,000 $185,948 $2,779 4.14%
    Cash Out Refi 63 $10,775,000 $171,032 $3,054 3.96%
    Other 59 $2,295,000 $38,898 $0 6.65%
    Home Improvement 43 $2,785,000 $64,767 $3,566 5.37%

    For 2019, Kirtland Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 137 originations. The 2nd most popular reason was Refi, with 116 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 207 $44,125,000 $213,164 $2,722 4.14%
    15 Year 142 $18,100,000 $127,465 $2,531 4.63%
    10 Year 50 $2,180,000 $43,600 $2,326 5.85%
    5 Year 17 $415,000 $24,412 $0 5.61%
    20 Year 2 $330,000 $165,000 $3,761 3.81%

    For 2019, Kirtland Federal Credit Union's most frequently cited loan duration was 30 Year, with 207 originations. The 2nd most popular length was 15 Year, with 142 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 384 $60,080,000 $156,458
    $1k-2k 15 $2,815,000 $187,667
    $3k-4k 3 $875,000 $291,667
    $2k-3k 2 $310,000 $155,000
    $4k-5k 2 $310,000 $155,000

    Kirtland Federal Credit Union's average total fees were $2,722, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 384 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 161 $32,485,000 $201,770
    4-5% 120 $23,020,000 $191,833
    5-6% 73 $4,955,000 $67,877
    6-7% 26 $960,000 $36,923
    2.5-3% 19 $3,165,000 $166,579
    7-8% 13 $425,000 $32,692
    Over 8% 6 $140,000 $23,333

    During 2019, Kirtland Federal Credit Union's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 180 $27,120,000 $150,667 $2,476 4.03%
    $100,000 or less 131 $6,025,000 $45,992 $2,331 5.82%
    $200k-400k 94 $25,130,000 $267,340 $2,844 3.95%
    $400k-600k 12 $5,370,000 $447,500 $4,231 3.93%
    $1MM+ 1 $1,505,000 $1,505,000 $8,083 4.75%

    2019 saw Kirtland Federal Credit Union place emphasis on $100k-200k loans with 180 originations, totaling $27,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 103 $12,765,000 $123,932 $2,394 4.63%
    $100k-150k 95 $16,805,000 $176,895 $2,705 4.55%
    $75k-100k 82 $12,580,000 $153,415 $2,352 4.44%
    $50k or less 69 $7,585,000 $109,928 $2,445 4.72%
    $150k-250k 63 $12,415,000 $197,063 $3,232 4.55%
    $250k+ 5 $2,825,000 $565,000 $8,219 4.22%

    Kirtland Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 103 originations. The second most popular income band? $100k-150k, with 95 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 112 $17,550,000 $156,696 $2,672 4.47%
    30-36% 83 $14,205,000 $171,145 $2,320 4.59%
    <20% 70 $10,570,000 $151,000 $3,316 4.15%
    37% 18 $2,480,000 $137,778 $2,056 4.72%
    40% 15 $2,245,000 $149,667 $2,732 4.38%
    36% 14 $2,290,000 $163,571 $2,197 4.62%
    41% 13 $2,235,000 $171,923 $2,699 4.98%
    42% 11 $1,455,000 $132,273 $3,057 4.90%
    39% 11 $1,185,000 $107,727 $2,118 5.63%
    45% 11 $1,225,000 $111,364 $2,354 5.98%
    44% 10 $1,490,000 $149,000 $2,110 5.25%
    49% 9 $1,535,000 $170,556 $2,953 4.75%
    48% 8 $1,410,000 $176,250 $2,887 4.28%
    50-60% 8 $1,430,000 $178,750 $2,486 4.05%
    47% 8 $1,180,000 $147,500 $2,301 4.23%
    43% 7 $1,045,000 $149,286 $2,423 4.59%
    46% 5 $725,000 $145,000 $4,327 4.15%
    38% 5 $895,000 $179,000 $1,813 5.65%

    Kirtland Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 112 originations. The next most common DTI ratio? 30-36%, with 83 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 349 $54,405,000 $155,888 $2,674 4.54%
    Not provided 28 $3,680,000 $131,429 $2,344 5.08%
    Asian 10 $2,390,000 $239,000 $2,901 4.46%
    Black 10 $1,960,000 $196,000 $3,059 4.15%
    American Indian 8 $1,200,000 $150,000 $2,153 4.44%
    Not applicable 6 $850,000 $141,667 $2,287 4.27%
    Filipino 2 $430,000 $215,000 $3,347 3.50%
    Vietnamese 1 $135,000 $135,000 $2,568 2.75%
    Native Hawaiian or Islander 4 $100,000 $25,000 $0 7.31%

    Approval Rates

    Total approvals of all applications
    91.43%

    Kirtland Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.75%

    Kirtland Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 418 $65,150,000 $155,861

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 418 $65,150,000 $155,861

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $2,700,000 $79,412 $2,707 5.09%
    40-60% 44 $6,560,000 $149,091 $2,440 4.05%
    60-80% 84 $16,710,000 $198,929 $2,699 4.07%
    80-100% 171 $35,175,000 $205,702 $2,500 4.05%
    Over 100% 5 $1,425,000 $285,000 $9,115 3.48%
    Under 20% 80 $2,580,000 $32,250 $0 6.35%