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 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 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% 12/3/24
    30 Year Conventional Purchase 7.06% 12/3/24
    30 Year Conventional Refi 6.78% 12/3/24
    30 Year Cash-out Refi 6.94% 12/3/24
    30 Year FHA Purchase 7.75% 12/3/24
    30 Year VA Purchase 6.69% 12/3/24
    30 Year VA Refi 6.60% 12/3/24
    15 Year Conventional Purchase 6.26% 12/3/24
    15 Year Conventional Refi 6.41% 12/3/24
    15 Year Cash-out Refi 6.41% 12/3/24
    15 Year VA Purchase 5.68% 12/3/24
    15 Year VA Refi 5.68% 12/3/24
    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

    710

    Origination Dollar Volume (All Markets)

    $121,530,000

    Awards

    Kirtland Federal Credit Union 30 Year Conventional Loans silver Kirtland Federal Credit Union VA Loans silver Kirtland Federal Credit Union VA Loans gold Kirtland Federal Credit Union 30 Year Conventional Loans bronze
    Show all (4) 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) 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%
    Kirtland Federal Credit Union's top markets include Albuquerque, Santa Fe, Las Cruces, Ruidoso, and Los Alamos 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: 180
    Del Norte Credit Union
    Similarity Rank: 624
    First American Bank
    Similarity Rank: 713
    Enterprise Bank & Trust
    Similarity Rank: 1794
    Kirtland Federal Credit Union
    Similarity Rank: 1848
    Chicago Mortgage Solutions LLC
    Similarity Rank: 2268
    SANDIA AREA
    Similarity Rank: 2442
    NUSENDA
    Similarity Rank: 3390
    BKCO MORTGAGE, LLC
    Similarity Rank: 4450
    NP, Inc.
    Similarity Rank: 6195

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 521 $96,665,000 $185,537 $2,386 3.65%
    HELOC 124 $9,290,000 $74,919 n/a 5.82%
    VA 52 $12,320,000 $236,923 $4,270 2.97%
    FHA 13 $3,255,000 $250,385 $7,354 3.02%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 314 $61,370,000 $195,446 $2,948 3.17%
    Home Purchase 117 $29,215,000 $249,701 $4,048 3.32%
    Home Improvement 115 $5,945,000 $51,696 $9 5.92%
    Other 85 $4,845,000 $57,000 $3 6.06%
    Cash Out Refi 79 $20,155,000 $255,127 $3,295 3.00%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 356 $41,870,000 $117,612 $1,787 4.63%
    30 Year 288 $73,380,000 $254,792 $3,667 3.02%
    10 Year 49 $3,265,000 $66,633 $591 5.03%
    20 Year 14 $2,770,000 $197,857 $3,853 2.90%
    Other 2 $220,000 $110,000 $2,574 3.38%
    5 Year 1 $25,000 $25,000 $0 3.63%

    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
    $<1k 512 $96,450,000 $188,379
    $1k-2k 25 $4,915,000 $196,600
    $2k-3k 24 $5,080,000 $211,667
    $3k-4k 17 $3,905,000 $229,706
    $4k-5k 3 $775,000 $258,333
    $5k+ 3 $1,025,000 $341,667

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 342 $75,640,000 $221,170
    3-4% 143 $30,725,000 $214,860
    5-6% 142 $9,950,000 $70,070
    6-7% 45 $2,045,000 $45,444
    7-8% 20 $920,000 $46,000
    Over 8% 10 $460,000 $46,000
    <2.5% 7 $1,325,000 $189,286
    4-5% 1 $465,000 $465,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 236 $35,400,000 $150,000 $2,798 3.26%
    $100,000 or less 230 $11,430,000 $49,696 $485 5.63%
    $200k-400k 209 $55,875,000 $267,344 $3,715 3.09%
    $400k-600k 26 $12,120,000 $466,154 $4,144 2.89%
    $600k-1MM 9 $6,705,000 $745,000 $4,767 3.19%

    2021 saw Kirtland Federal Credit Union place emphasis on $100k-200k loans with 236 originations, totaling $35,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 195 $36,105,000 $185,154 $2,862 4.00%
    $50k-75k 153 $20,285,000 $132,582 $2,434 4.02%
    $75k-100k 133 $20,685,000 $155,526 $2,843 4.02%
    $150k-250k 121 $26,345,000 $217,727 $2,617 4.07%
    $50k or less 76 $9,420,000 $123,947 $2,174 3.41%
    $250k+ 28 $8,370,000 $298,929 $3,631 3.92%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 192 $36,790,000 $191,615 $2,903 3.63%
    30-36% 126 $21,090,000 $167,381 $2,728 4.05%
    <20% 119 $17,785,000 $149,454 $2,377 3.57%
    37% 27 $4,815,000 $178,333 $2,247 4.54%
    36% 26 $5,860,000 $225,385 $3,448 3.49%
    39% 25 $3,985,000 $159,400 $3,039 4.37%
    44% 23 $2,795,000 $121,522 $1,753 5.01%
    43% 23 $4,805,000 $208,913 $2,618 4.08%
    40% 18 $3,710,000 $206,111 $3,092 3.74%
    41% 17 $2,995,000 $176,176 $1,972 4.49%
    38% 17 $2,315,000 $136,176 $2,240 4.46%
    50-60% 17 $3,175,000 $186,765 $2,128 3.64%
    47% 15 $2,475,000 $165,000 $2,905 3.31%
    45% 14 $2,150,000 $153,571 $1,924 4.63%
    42% 11 $1,555,000 $141,364 $3,761 4.78%
    46% 11 $1,925,000 $175,000 $3,862 4.32%
    49% 9 $1,275,000 $141,667 $1,632 5.53%
    48% 3 $105,000 $35,000 $0 6.17%
    >60% 1 $225,000 $225,000 $2,858 3.00%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 475 $77,595,000 $163,358 $2,542 4.02%
    Not provided 154 $33,710,000 $218,896 $3,291 3.32%
    Asian 24 $3,190,000 $132,917 $1,907 5.14%
    Black 17 $2,505,000 $147,353 $2,291 4.24%
    American Indian 15 $2,275,000 $151,667 $1,723 4.68%
    Not applicable 15 $1,065,000 $71,000 $0 5.77%
    Native Hawaiian or Islander 8 $1,040,000 $130,000 $1,804 4.23%
    Japanese 2 $150,000 $75,000 $1,062 5.00%

    Approval Rates

    Total approvals of all applications
    93.69%

    Kirtland Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.24%

    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
    NA 710 $121,530,000 $171,169

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    710 $121,530,000 $171,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 91 $9,195,000 $101,044 $1,533 4.77%
    40-60% 114 $19,120,000 $167,719 $2,663 3.31%
    60-80% 169 $39,235,000 $232,160 $3,263 3.01%
    80-100% 156 $43,450,000 $278,526 $3,775 3.02%
    Over 100% 3 $875,000 $291,667 $11,873 3.00%
    Under 20% 162 $6,780,000 $41,852 $0 5.97%