Neighbors Federal Credit Union Mortgage Rates, Fees & Info
Baton Rouge, LALEI: 5493001QMUDK2ML5S840
Tax ID: 72-0505488
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Neighbors Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Neighbors Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Baton Rouge, Lafayette, Hammond, and Alexandria among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Neighbors Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
307Origination Dollar Volume (All Markets)
$41,905,000Top 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 |
|---|---|---|---|---|---|
| BATON ROUGE, LA (FHA|USDA|VA) | 303 | $41,505,000 | $136,980 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Neighbors Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 307 | $41,905,000 | $136,498 | $0 | 0.00% |
For 2024, Neighbors Federal Credit Union's most frequently originated type of loan was Conventional, with 307 originations.
Loan Reason
For 2024, Neighbors Federal Credit Union's most frequently cited loan purpose was Other, with 110 originations. The 2nd most popular reason was Home Improvement, with 108 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 307 | $41,905,000 | $136,498 | $0 | 0.00% |
For 2024, Neighbors Federal Credit Union's most frequently cited loan duration was Other, with 307 originations.
Loan Sizing
2024 saw Neighbors Federal Credit Union place emphasis on $100,000 or less loans with 195 originations, totaling $11,265,000 in origination value.
Applicant Income
Neighbors Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $150k-250k, with 78 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 307 | $41,905,000 | $136,498 | $0 | 0.00% |
Neighbors Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 307 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications44.89%
Neighbors Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination82.74%
Neighbors Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 307 | $41,905,000 | $136,498 |