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 Refi, Home Purchase, and Cash Out 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, Grants, Las Cruces, and Española among others. We have data for 9 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

    554

    Origination Dollar Volume (All Markets)

    $111,210,000
    Show all (5) 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) 528 $105,760,000 $200,303 $2,924 3.72%
    SANTA FE, NM (FHA|USDA|VA) 13 $4,155,000 $319,615 $3,648 3.19%
    Outside of Metro Areas 5 $435,000 $87,000 $2,683 3.75%
    Grants, NM (FHA|USDA|VA) 2 $300,000 $150,000 $2,632 3.13%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $280,000 $140,000 $2,050 3.44%
    Española, NM (FHA|USDA|VA) 1 $115,000 $115,000 $1,648 3.38%
    Clovis, NM (FHA|USDA|VA) 1 $75,000 $75,000 $2,836 3.88%
    Ruidoso, NM (FHA|USDA|VA) 1 $55,000 $55,000 $2,116 3.13%
    Roswell, NM (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
    Kirtland Federal Credit Union's top markets include Albuquerque, Santa Fe, Grants, Las Cruces, and Española 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.

    RIO GRANDE
    Similarity Rank: 135
    SANDIA LABORATORY
    Similarity Rank: 168
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 299
    STATE EMPLOYEES
    Similarity Rank: 370
    First Financial Credit Union
    Similarity Rank: 429
    Del Norte Credit Union
    Similarity Rank: 549
    First American Bank
    Similarity Rank: 760
    SANDIA AREA
    Similarity Rank: 1341
    Kirtland Federal Credit Union
    Similarity Rank: 2133
    NUSENDA
    Similarity Rank: 2448

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 481 $93,215,000 $193,794 $2,680 3.76%
    VA 59 $15,305,000 $259,407 $4,068 3.36%
    FHA 14 $2,690,000 $192,143 $5,753 3.48%

    For 2020, Kirtland Federal Credit Union's most frequently originated type of loan was Conventional, with 481 originations. Their 2nd most popular type was VA, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 246 $55,220,000 $224,472 $3,005 3.28%
    Home Purchase 120 $27,360,000 $228,000 $3,068 3.49%
    Cash Out Refi 109 $23,955,000 $219,771 $3,347 3.36%
    Home Improvement 44 $3,230,000 $73,409 $813 5.39%
    Other 35 $1,445,000 $41,286 $2 6.40%

    For 2020, Kirtland Federal Credit Union's most frequently cited loan purpose was Refi, with 246 originations. The 2nd most popular reason was Home Purchase, with 120 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 304 $76,710,000 $252,336 $3,253 3.44%
    15 Year 205 $31,705,000 $154,659 $2,550 3.80%
    10 Year 41 $2,215,000 $54,024 $1,295 5.27%
    20 Year 4 $580,000 $145,000 $2,798 3.38%

    For 2020, Kirtland Federal Credit Union's most frequently cited loan duration was 30 Year, with 304 originations. The 2nd most popular length was 15 Year, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 480 $94,530,000 $196,938
    $1k-2k 36 $6,820,000 $189,444
    $2k-3k 19 $4,115,000 $216,579
    $3k-4k 10 $2,590,000 $259,000
    $5k+ 4 $2,140,000 $535,000
    $4k-5k 3 $875,000 $291,667

    Kirtland Federal Credit Union's average total fees were $3,253, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 480 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 322 $71,860,000 $223,168
    2.5-3% 140 $30,350,000 $216,786
    5-6% 35 $1,435,000 $41,000
    4-5% 26 $5,460,000 $210,000
    6-7% 13 $555,000 $42,692
    Over 8% 7 $265,000 $37,857
    7-8% 7 $235,000 $33,571
    <2.5% 4 $1,050,000 $262,500

    During 2020, Kirtland Federal Credit Union's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 322 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 230 $36,350,000 $158,043 $2,646 3.40%
    $200k-400k 163 $44,135,000 $270,767 $3,412 3.28%
    $100,000 or less 124 $7,000,000 $56,452 $1,614 4.94%
    $400k-600k 27 $12,985,000 $480,926 $5,200 3.34%
    $600k-1MM 7 $4,995,000 $713,571 $5,028 3.41%
    $1MM+ 3 $5,745,000 $1,915,000 $6,994 3.67%

    2020 saw Kirtland Federal Credit Union place emphasis on $100k-200k loans with 230 originations, totaling $36,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $30,160,000 $203,784 $2,890 3.71%
    $50k-75k 124 $18,790,000 $151,532 $2,857 3.82%
    $75k-100k 98 $15,320,000 $156,327 $2,637 3.83%
    $50k or less 82 $11,800,000 $143,902 $2,558 3.59%
    $150k-250k 74 $20,340,000 $274,865 $3,376 3.63%
    $250k+ 24 $13,980,000 $582,500 $4,443 3.30%

    Kirtland Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $50k-75k, with 124 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 167 $33,955,000 $203,323 $2,925 3.42%
    30-36% 90 $18,220,000 $202,444 $2,617 3.92%
    <20% 78 $14,900,000 $191,026 $2,865 3.41%
    50-60% 22 $3,990,000 $181,364 $4,006 3.58%
    37% 20 $3,840,000 $192,000 $2,381 4.00%
    42% 19 $6,155,000 $323,947 $3,029 4.24%
    38% 19 $4,335,000 $228,158 $3,100 3.95%
    45% 18 $2,590,000 $143,889 $2,569 4.21%
    40% 17 $3,855,000 $226,765 $2,686 3.49%
    41% 16 $3,730,000 $233,125 $2,633 4.02%
    43% 16 $2,680,000 $167,500 $2,882 4.01%
    36% 13 $1,875,000 $144,231 $3,989 4.55%
    44% 13 $2,925,000 $225,000 $3,842 3.74%
    46% 10 $1,370,000 $137,000 $2,486 4.31%
    39% 10 $2,110,000 $211,000 $4,942 4.19%
    47% 9 $1,665,000 $185,000 $2,476 3.54%
    48% 7 $1,285,000 $183,571 $2,683 3.68%
    49% 7 $1,005,000 $143,571 $2,400 3.79%
    >60% 3 $725,000 $241,667 $2,840 3.17%

    Kirtland Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 167 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 431 $86,105,000 $199,780 $2,890 3.71%
    Not provided 58 $13,060,000 $225,172 $3,357 3.53%
    Black 19 $3,535,000 $186,053 $1,994 4.20%
    Asian 22 $3,060,000 $139,091 $2,523 3.80%
    Not applicable 9 $2,715,000 $301,667 $2,784 3.31%
    American Indian 12 $1,790,000 $149,167 $4,201 4.09%
    Asian Indian 1 $515,000 $515,000 $6,846 2.75%
    Filipino 1 $245,000 $245,000 $5,623 2.75%
    Native Hawaiian or Islander 1 $185,000 $185,000 $2,049 3.25%

    Approval Rates

    Total approvals of all applications
    93.24%

    Kirtland Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.14%

    Kirtland Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 554 $111,210,000 $200,740

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 554 $111,210,000 $200,740

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $4,595,000 $97,766 $2,144 4.15%
    40-60% 67 $12,045,000 $179,776 $3,020 3.26%
    60-80% 160 $36,840,000 $230,250 $2,952 3.32%
    80-100% 220 $54,430,000 $247,409 $3,226 3.43%
    Over 100% 2 $550,000 $275,000 $9,177 3.44%
    Under 20% 53 $1,785,000 $33,679 $115 6.25%