Nymeo Federal Credit Union Mortgage Rates, Fees & Info

FREDERICK, MD

LEI: 5493003PL2K1NXVSU388

Tax ID: 53-0197044

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

    Nymeo Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Nymeo Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Gettysburg, Hagerstown, and Tucson among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nymeo 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. Nymeo 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
    30 Year Conventional Purchase 6.07% 11/21/24
    30 Year Conventional Refi 7.16% 11/21/24
    15 Year Conventional Purchase 6.25% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    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.

    Nymeo 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 Nymeo 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

    154

    Origination Dollar Volume (All Markets)

    $32,580,000

    Awards

    NYMEO FEDERAL CREDIT UNION 30 Year Conventional Loans gold NYMEO FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) 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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 100 $24,020,000 $240,200 $2,274 3.23%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 15 $2,005,000 $133,667 $2,474 3.98%
    GETTYSBURG, PA (FHA|USDA|VA) 8 $1,950,000 $243,750 $3,585 3.78%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 10 $1,340,000 $134,000 $2,018 3.08%
    TUCSON, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $3,641 3.06%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $520,000 $130,000 $2,630 3.66%
    SAVANNAH, GA (FHA|USDA|VA) 3 $465,000 $155,000 $4,489 4.00%
    Outside of Metro Areas 3 $435,000 $145,000 $1,980 3.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $375,000 $375,000 $1,562 3.00%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $215,000 $215,000 $9,318 3.38%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $190,000 $95,000 $2,242 3.31%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $165,000 $165,000 $5,050 2.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $1,914 2.88%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $85,000 $85,000 $2,311 4.50%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $65,000 $65,000 $2,067 2.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $65,000 $65,000 $340 3.00%
    Nymeo Federal Credit Union's top markets include Washington, Baltimore, Gettysburg, Hagerstown, and Tucson among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against NYMEO FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PATRIOT
    Similarity Rank: 228
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1300
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1680
    Credence Funding Corporation
    Similarity Rank: 2020
    Woodsboro Bank
    Similarity Rank: 2455
    IDB Global Federal Credit Union
    Similarity Rank: 2740
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 2772
    ACNB Bank
    Similarity Rank: 2850
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 3485

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $32,580,000 $211,558 $2,434 3.33%

    For 2021, Nymeo Federal Credit Union's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 65 $14,015,000 $215,615 $2,169 3.02%
    Home Purchase 55 $9,925,000 $180,455 $2,697 3.75%
    Cash Out Refi 22 $4,890,000 $222,273 $2,501 2.78%
    Other 10 $3,020,000 $302,000 $3,008 4.46%
    Home Improvement 2 $730,000 $365,000 $2,415 2.69%

    For 2021, Nymeo Federal Credit Union's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 69 $13,755,000 $199,348 $2,606 3.68%
    30 Year 55 $12,345,000 $224,455 $2,493 3.21%
    20 Year 16 $4,320,000 $270,000 $2,197 3.01%
    10 Year 14 $2,160,000 $154,286 $1,832 2.48%

    For 2021, Nymeo Federal Credit Union's most frequently cited loan duration was 15 Year, with 69 originations. The 2nd most popular length was 30 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 115 $24,715,000 $214,913
    $1k-2k 16 $2,560,000 $160,000
    $2k-3k 3 $1,115,000 $371,667
    $4k-5k 1 $885,000 $885,000
    $5k+ 1 $215,000 $215,000

    Nymeo Federal Credit Union's average total fees were $2,493, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 115 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 56 $12,410,000 $221,607
    3-4% 43 $8,685,000 $201,977
    4-5% 30 $5,940,000 $198,000
    <2.5% 24 $5,140,000 $214,167
    5-6% 1 $405,000 $405,000

    During 2021, Nymeo Federal Credit Union's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 70 $10,880,000 $155,429 $2,193 3.35%
    $200k-400k 55 $15,675,000 $285,000 $2,585 3.22%
    $100,000 or less 20 $1,480,000 $74,000 $2,029 3.50%
    $400k-600k 7 $3,045,000 $435,000 $3,793 3.48%
    $600k-1MM 2 $1,500,000 $750,000 $4,551 3.81%

    2021 saw Nymeo Federal Credit Union place emphasis on $100k-200k loans with 70 originations, totaling $10,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $7,870,000 $207,105 $2,224 3.18%
    $150k-250k 37 $8,515,000 $230,135 $2,715 3.07%
    $250k+ 28 $6,170,000 $220,357 $2,504 4.11%
    $50k-75k 22 $3,650,000 $165,909 $2,176 3.15%
    $75k-100k 17 $3,335,000 $196,176 $2,099 2.88%
    $50k or less 12 $3,040,000 $253,333 $3,097 3.79%

    Nymeo Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 59 $12,105,000 $205,169 $2,724 3.78%
    20-30% 39 $8,665,000 $222,179 $2,397 2.89%
    30-36% 17 $3,925,000 $230,882 $2,139 3.19%
    39% 6 $1,140,000 $190,000 $1,892 3.25%
    36% 5 $1,045,000 $209,000 $2,276 3.08%
    38% 5 $1,025,000 $205,000 $2,387 3.03%
    41% 4 $810,000 $202,500 $2,306 2.97%
    43% 3 $885,000 $295,000 $2,075 2.92%
    49% 3 $615,000 $205,000 $2,365 3.08%
    37% 3 $375,000 $125,000 $2,927 3.67%
    45% 2 $240,000 $120,000 $2,022 3.56%
    47% 2 $670,000 $335,000 $2,680 2.81%
    40% 2 $320,000 $160,000 $2,677 3.44%
    42% 2 $420,000 $210,000 $2,250 3.44%
    50-60% 1 $145,000 $145,000 $1,961 2.75%
    44% 1 $195,000 $195,000 $1,965 3.50%

    Nymeo Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 59 originations. The next most common DTI ratio? 20-30%, with 39 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $20,865,000 $210,758 $2,493 3.47%
    Not provided 32 $7,390,000 $230,938 $2,401 2.98%
    Black 14 $2,690,000 $192,143 $2,375 3.38%
    Asian 6 $1,010,000 $168,333 $1,995 3.31%
    Asian Indian 1 $365,000 $365,000 $2,287 2.50%
    American Indian 2 $260,000 $130,000 $1,976 2.56%

    Approval Rates

    Total approvals of all applications
    94.39%

    Nymeo Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.17%

    Nymeo Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 154 $32,580,000 $211,558

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $32,580,000 $211,558

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $2,365,000 $139,118 $2,211 2.79%
    40-60% 25 $4,585,000 $183,400 $1,938 2.85%
    60-80% 76 $17,850,000 $234,868 $2,512 3.44%
    80-100% 33 $7,575,000 $229,545 $2,989 3.80%
    Under 20% 3 $205,000 $68,333 $1,285 2.83%