Nassau Financial Fcu Mortgage Rates, Fees & Info

Westbury, NY

LEI: 5493003LBAWI3C2QSB32

Tax ID: 11-1644010

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Nassau Financial Fcu is a smaller credit union specializing in Cash Out Refi and Home Purchase 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.

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    Originations

    27

    Origination Dollar Volume (All Markets)

    $5,755,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 27 $5,755,000 $213,148 $0 0.00%
    Nassau Financial Fcu's top markets include and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $5,755,000 $213,148 $0 0.00%

    For 2019, Nassau Financial Fcu's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 15 $3,575,000 $238,333 $0 0.00%
    Home Purchase 5 $1,605,000 $321,000 $0 0.00%
    Home Improvement 5 $335,000 $67,000 $0 0.00%
    Refi 2 $240,000 $120,000 $0 0.00%

    For 2019, Nassau Financial Fcu's most frequently cited loan purpose was Cash Out Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 27 $5,755,000 $213,148 $0 0.00%

    For 2019, Nassau Financial Fcu's most frequently cited loan duration was Other, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $545,000 $60,556 $0 0.00%
    $200k-400k 7 $2,045,000 $292,143 $0 0.00%
    $100k-200k 6 $790,000 $131,667 $0 0.00%
    $400k-600k 4 $1,730,000 $432,500 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2019 saw Nassau Financial Fcu place emphasis on $100,000 or less loans with 9 originations, totaling $545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $1,840,000 $184,000 $0 0.00%
    $150k-250k 7 $1,795,000 $256,429 $0 0.00%
    $75k-100k 4 $850,000 $212,500 $0 0.00%
    $250k+ 3 $845,000 $281,667 $0 0.00%
    $50k-75k 3 $425,000 $141,667 $0 0.00%

    Nassau Financial Fcu lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 27 $5,755,000 $213,148 $0 0.00%

    Nassau Financial Fcu lent most frequently to those with DTI ratios of Exempt%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $5,275,000 $211,000 $0 0.00%
    Black 2 $480,000 $240,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.67%

    Nassau Financial Fcu has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.96%

    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 27 $5,755,000 $213,148

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 27 $5,755,000 $213,148