Nassau Financial Fcu Mortgage Rates, Fees & Info
Westbury, NYLEI: 5493003LBAWI3C2QSB32
Tax ID: 11-1644010
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Nassau Financial Fcu is a smaller credit union specializing in Refi and Home Improvement loans. Nassau Financial Fcu has a high proportion of conventional loans. Their top (well, only) market is New York.Nassau Financial Fcu has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
31Origination Dollar Volume (All Markets)
$3,925,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 31 | $3,925,000 | $126,613 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $3,925,000 | $126,613 | $0 | 0.00% |
For 2018, Nassau Financial Fcu's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
For 2018, Nassau Financial Fcu's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Improvement, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 31 | $3,925,000 | $126,613 | $0 | 0.00% |
For 2018, Nassau Financial Fcu's most frequently cited loan duration was Other, with 31 originations.
Loan Sizing
2018 saw Nassau Financial Fcu place emphasis on $100,000 or less loans with 16 originations, totaling $1,000,000 in origination value.
Applicant Income
Nassau Financial Fcu lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $3,925,000 | $126,613 | $0 | 0.00% |
Nassau Financial Fcu lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $3,260,000 | $125,385 | $0 | 0.00% |
| Asian | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Black | 4 | $310,000 | $77,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications74.24%
Nassau Financial Fcu has a below average approval rate.
Pick Rate
Approvals leading to origination54.84%
Nassau Financial Fcu 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 |
|---|---|---|---|
| Exempt | 31 | $3,925,000 | $126,613 |