Nusenda Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 5493007B1GAUZGYHPR07

Tax ID: 85-0105773

5 stars - out of 5 stars, based on 49 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Nusenda is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi loans. Nusenda 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, Taos, Las Cruces, and Española among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Nusenda 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. Nusenda is typically an average 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.

    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.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.81% 1/29/23
    30 Year Conventional Refi 6.59% 1/29/23
    30 Year Cash-out Refi 6.80% 1/29/23
    30 Year FHA Purchase 7.28% 1/29/23
    30 Year FHA Refi 7.13% 1/29/23
    30 Year VA Purchase 6.43% 1/29/23
    30 Year VA Refi 6.30% 1/29/23
    15 Year Conventional Purchase 6.10% 1/29/23
    15 Year Conventional Refi 6.88% 1/29/23
    15 Year Cash-out Refi 6.88% 1/29/23
    15 Year VA Purchase 5.94% 1/29/23
    15 Year VA Refi 6.16% 1/29/23
    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.


    Originations

    2,413

    Origination Dollar Volume (All Markets)

    $338,435,000

    Awards

    NUSENDA 30 Year Conventional Loans bronze NUSENDA 30 Year Conventional Loans bronze NUSENDA 30 Year Conventional Loans silver NUSENDA VA Loans bronze
    Show all (4) awards

    Relative Rate

    Nusenda's average 30 year fixed mortgage rate was 3.26%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.11%.

    Relative Fees (Closing Costs)

    Nusenda's average total fees/closing costs for a 30 year fixed rate mortgage were $3,908.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 2,124 $287,410,000 $135,315 $3,580 3.87%
    SANTA FE, NM (FHA|USDA|VA) 136 $29,550,000 $217,279 $3,884 3.57%
    Taos, NM (FHA|USDA|VA) 51 $9,375,000 $183,824 $3,860 3.61%
    LAS CRUCES, NM (FHA|USDA|VA) 26 $2,930,000 $112,692 $4,472 4.44%
    Outside of Metro Areas 26 $2,280,000 $87,692 $3,838 3.52%
    Española, NM (FHA|USDA|VA) 11 $1,475,000 $134,091 $4,711 3.93%
    Las Vegas, NM (FHA|USDA|VA) 6 $1,000,000 $166,667 $3,418 3.73%
    FARMINGTON, NM (FHA|USDA|VA) 5 $965,000 $193,000 $3,353 3.43%
    Los Alamos, NM (FHA|USDA|VA) 6 $910,000 $151,667 $3,631 3.35%
    Roswell, NM (FHA|USDA|VA) 4 $850,000 $212,500 $4,688 3.03%
    Grants, NM (FHA|USDA|VA) 10 $680,000 $68,000 $2,756 4.36%
    Gallup, NM (FHA|USDA|VA) 2 $460,000 $230,000 $5,721 2.81%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 3 $335,000 $111,667 $8,669 4.79%
    Alamogordo, NM (FHA|USDA|VA) 2 $150,000 $75,000 $2,574 3.00%
    Clovis, NM (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.75%
    Nusenda's top markets include Albuquerque, Santa Fe, Taos, Las Cruces, and Española among others.

    Their top states include:
  • New Mexico (FHA|USDA|VA)
  • Similar Lenders

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

    SANDIA LABORATORY
    Similarity Rank: 320
    GUADALUPE CREDIT UNION
    Similarity Rank: 525
    First American Bank
    Similarity Rank: 713
    Del Norte Credit Union
    Similarity Rank: 1112
    Kirtland Federal Credit Union
    Similarity Rank: 1848
    Chicago Mortgage Solutions LLC
    Similarity Rank: 2268
    SANDIA AREA
    Similarity Rank: 2442
    Enterprise Bank & Trust
    Similarity Rank: 3404
    BKCO MORTGAGE, LLC
    Similarity Rank: 4450
    NUSENDA
    Similarity Rank: 4485

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,030 $289,430,000 $142,576 $3,389 3.79%
    HELOC 268 $24,010,000 $89,590 n/a 4.67%
    FHA 72 $14,720,000 $204,444 $6,826 2.96%
    VA 43 $10,275,000 $238,953 $4,926 2.88%

    For 2021, Nusenda's most frequently originated type of loan was Conventional, with 2,030 originations. Their 2nd most popular type was HELOC, with 268 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 797 $111,255,000 $139,592 $3,113 3.44%
    Home Improvement 509 $27,395,000 $53,821 $3,281 4.73%
    Home Purchase 413 $99,385,000 $240,642 $4,063 3.24%
    Cash Out Refi 392 $75,240,000 $191,939 $3,826 3.13%
    Other 302 $25,160,000 $83,311 $5,503 5.17%

    For 2021, Nusenda's most frequently cited loan purpose was Refi, with 797 originations. The 2nd most popular reason was Home Improvement, with 509 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 800 $176,690,000 $220,863 $3,908 3.26%
    15 Year 679 $75,635,000 $111,392 $3,209 3.96%
    20 Year 629 $64,605,000 $102,711 $3,230 4.37%
    10 Year 276 $15,880,000 $57,536 $2,801 4.11%
    Other 26 $4,650,000 $178,846 $3,684 3.13%
    5 Year 3 $975,000 $325,000 $0 3.89%

    For 2021, Nusenda's most frequently cited loan duration was 30 Year, with 800 originations. The 2nd most popular length was 15 Year, with 679 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 784 $134,540,000 $171,607
    $1k-2k 497 $90,935,000 $182,968
    $2k-3k 120 $26,090,000 $217,417
    $3k-4k 53 $11,965,000 $225,755
    $4k-5k 17 $4,555,000 $267,941
    $5k+ 16 $5,910,000 $369,375

    Nusenda's average total fees were $3,908, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 784 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,086 $172,160,000 $158,527
    2.5-3% 560 $109,910,000 $196,268
    4-5% 321 $15,705,000 $48,925
    <2.5% 157 $25,695,000 $163,662
    5-6% 118 $7,830,000 $66,356
    6-7% 83 $3,845,000 $46,325
    Over 8% 59 $1,675,000 $28,390
    7-8% 29 $1,615,000 $55,690

    During 2021, Nusenda's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 3-4%, with 1,086 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,054 $49,210,000 $46,689 $2,562 4.66%
    $100k-200k 790 $116,550,000 $147,532 $3,300 3.22%
    $200k-400k 485 $128,035,000 $263,990 $4,180 3.18%
    $400k-600k 68 $31,720,000 $466,471 $5,143 3.27%
    $600k-1MM 14 $10,440,000 $745,714 $5,772 3.45%
    $1MM+ 2 $2,480,000 $1,240,000 $16,476 3.69%

    2021 saw Nusenda place emphasis on $100,000 or less loans with 1,054 originations, totaling $49,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 605 $74,315,000 $122,835 $3,547 3.78%
    $100k-150k 521 $78,145,000 $149,990 $3,761 3.84%
    $75k-100k 455 $64,825,000 $142,473 $3,702 3.90%
    $50k or less 442 $45,190,000 $102,240 $3,087 3.67%
    $150k-250k 271 $46,665,000 $172,196 $4,061 4.04%
    $250k+ 79 $24,915,000 $315,380 $5,457 3.93%

    Nusenda lent most frequently to those with incomes in the $50k-75k range, with 605 originations. The second most popular income band? $100k-150k, with 521 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 643 $92,125,000 $143,274 $3,577 3.62%
    30-36% 461 $62,565,000 $135,716 $3,484 3.97%
    <20% 386 $49,520,000 $128,290 $3,232 3.54%
    42% 95 $11,885,000 $125,105 $3,728 4.17%
    43% 85 $10,655,000 $125,353 $4,103 4.20%
    41% 78 $10,640,000 $136,410 $3,367 4.21%
    40% 77 $10,615,000 $137,857 $3,511 4.20%
    38% 74 $10,700,000 $144,595 $3,886 3.99%
    39% 73 $11,385,000 $155,959 $3,701 3.86%
    44% 72 $13,300,000 $184,722 $4,083 3.64%
    36% 72 $9,540,000 $132,500 $3,445 3.89%
    37% 61 $9,635,000 $157,951 $3,772 4.35%
    45% 55 $7,135,000 $129,727 $4,970 4.09%
    46% 50 $7,870,000 $157,400 $3,782 3.85%
    47% 32 $4,780,000 $149,375 $4,605 3.89%
    48% 28 $4,990,000 $178,214 $4,297 3.45%
    49% 26 $3,200,000 $123,077 $3,861 5.35%
    50-60% 25 $3,405,000 $136,200 $5,954 5.03%

    Nusenda lent most frequently to those with DTI ratios of 20-30%, with 643 originations. The next most common DTI ratio? 30-36%, with 461 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,761 $234,955,000 $133,421 $3,644 3.93%
    Not provided 530 $86,140,000 $162,528 $3,602 3.56%
    Asian 40 $6,670,000 $166,750 $3,469 3.75%
    American Indian 46 $5,550,000 $120,652 $3,430 3.92%
    Black 29 $3,515,000 $121,207 $3,847 4.01%
    Not applicable 3 $975,000 $325,000 $0 3.89%
    Vietnamese 2 $530,000 $265,000 $2,863 3.00%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 3.75%
    Asian Indian 1 $45,000 $45,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    87.45%

    Nusenda has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.54%

    Nusenda has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,413 $338,435,000 $140,255

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,413 $338,435,000 $140,255

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 355 $35,435,000 $99,817 $3,018 4.11%
    40-60% 347 $54,165,000 $156,095 $3,104 3.12%
    60-80% 627 $132,825,000 $211,842 $3,694 3.16%
    80-100% 326 $81,860,000 $251,104 $4,265 3.15%
    Over 100% 3 $1,005,000 $335,000 $13,818 3.04%
    Under 20% 737 $29,545,000 $40,088 $1,326 4.96%