Nusenda Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 5493007B1GAUZGYHPR07

Tax ID: 85-0105773

5 stars - Updated: 5/26/24 - out of 5 stars, based on 43 reviews

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

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Mortgage Data

Review & Overview

Nusenda is a smaller mortgage company specializing in Home Purchase loans. Nusenda has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Albuquerque, Santa Fe, Las Cruces, Taos, and Alamogordo among others. We have data for 18 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 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 relatively high 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 6.52% 5/26/24
30 Year Conventional Refi 6.49% 5/26/24
30 Year Cash-out Refi 6.71% 5/26/24
30 Year FHA Purchase 7.16% 5/26/24
30 Year FHA Refi 6.94% 5/26/24
30 Year VA Purchase 6.28% 5/26/24
30 Year VA Refi 6.22% 5/26/24
15 Year Conventional Purchase 6.35% 5/26/24
15 Year Conventional Refi 8.22% 5/26/24
15 Year Cash-out Refi 8.22% 5/26/24
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.

Nusenda Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Nusenda. 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

1,867

Origination Dollar Volume (All Markets)

$279,255,000
Show all (11) awards

Relative Rate

Nusenda's average 30 year fixed mortgage rate was 6.09%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.39%.

Relative Fees (Closing Costs)

Nusenda's average total fees/closing costs for a 30 year fixed rate mortgage were $4,679.

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 $9,089.

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) 1,574 $220,080,000 $139,822 $4,678 8.09%
SANTA FE, NM (FHA|USDA|VA) 133 $32,795,000 $246,579 $5,507 7.80%
LAS CRUCES, NM (FHA|USDA|VA) 58 $9,740,000 $167,931 $4,565 7.37%
Taos, NM (FHA|USDA|VA) 30 $5,520,000 $184,000 $3,894 7.80%
Alamogordo, NM (FHA|USDA|VA) 5 $3,395,000 $679,000 $2,433 6.51%
Outside of Metro Areas 26 $3,030,000 $116,538 $4,187 6.40%
Los Alamos, NM (FHA|USDA|VA) 8 $1,490,000 $186,250 $4,608 8.19%
Silver City, NM (FHA|USDA|VA) 8 $1,080,000 $135,000 $4,071 7.05%
Las Vegas, NM (FHA|USDA|VA) 7 $605,000 $86,429 $2,294 6.70%
Grants, NM (FHA|USDA|VA) 3 $295,000 $98,333 $5,132 7.83%
Ruidoso, NM (FHA|USDA|VA) 2 $240,000 $120,000 $2,591 6.63%
FARMINGTON, NM (FHA|USDA|VA) 3 $205,000 $68,333 $0 9.71%
Roswell, NM (FHA|USDA|VA) 1 $195,000 $195,000 $5,939 5.88%
Gallup, NM (FHA|USDA|VA) 4 $190,000 $47,500 $0 8.75%
Deming, NM (FHA|USDA|VA) 1 $185,000 $185,000 $3,070 5.63%
Española, NM (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.75%
Clovis, NM (FHA|USDA|VA) 2 $70,000 $35,000 $0 11.50%
Portales, NM (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
Nusenda's top markets include Albuquerque, Santa Fe, Las Cruces, Taos, and Alamogordo among others.

Their top states include:
  • New Mexico (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,270 $215,940,000 $170,031 $4,059 7.43%
    HELOC 531 $44,935,000 $84,623 n/a 9.61%
    FHA 61 $16,945,000 $277,787 $9,903 6.29%
    VA 5 $1,435,000 $287,000 $7,640 6.50%

    For 2023, Nusenda's most frequently originated type of loan was Conventional, with 1,270 originations. Their 2nd most popular type was HELOC, with 531 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 556 $159,270,000 $286,457 $4,665 5.77%
    Home Improvement 536 $32,690,000 $60,989 $4,368 9.02%
    Other 426 $30,720,000 $72,113 $3,500 9.17%
    Refi 305 $47,235,000 $154,869 $4,951 8.96%
    Cash Out Refi 44 $9,340,000 $212,273 $4,898 6.27%

    For 2023, Nusenda's most frequently cited loan purpose was Home Purchase, with 556 originations. The 2nd most popular reason was Home Improvement, with 536 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 597 $175,155,000 $293,392 $4,679 6.09%
    20 Year 535 $45,345,000 $84,757 $6,589 9.59%
    15 Year 494 $29,330,000 $59,372 $3,183 8.94%
    10 Year 237 $9,155,000 $38,629 $0 7.38%
    5 Year 3 $20,015,000 $6,671,667 $0 6.23%
    Other 1 $255,000 $255,000 $0 6.99%

    For 2023, Nusenda's most frequently cited loan duration was 30 Year, with 597 originations. The 2nd most popular length was 20 Year, with 535 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 437 $131,725,000 $301,430
    $1k-2k 54 $11,960,000 $221,481
    $3k-4k 41 $9,835,000 $239,878
    $2k-3k 31 $8,155,000 $263,065
    $4k-5k 24 $7,200,000 $300,000
    $5k+ 21 $7,725,000 $367,857

    Nusenda's average total fees were $4,679, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 437 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 977 $65,395,000 $66,934
    7-8% 295 $29,025,000 $98,390
    5-6% 246 $97,570,000 $396,626
    6-7% 246 $62,450,000 $253,862
    4-5% 74 $24,320,000 $328,649
    <2.5% 29 $495,000 $17,069

    During 2023, Nusenda's average interest rate for loans was 6.09%, while their most frequently originated rate bucket for loans was Over 8%, with 977 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,100 $51,500,000 $46,818 $1,586 8.87%
    $200k-400k 381 $106,045,000 $278,333 $4,956 6.27%
    $100k-200k 274 $37,940,000 $138,467 $3,818 7.79%
    $400k-600k 80 $38,480,000 $481,000 $6,076 6.18%
    $600k-1MM 21 $15,055,000 $716,905 $5,389 5.83%
    $1MM+ 11 $30,235,000 $2,748,636 $6,773 6.01%

    2023 saw Nusenda place emphasis on $100,000 or less loans with 1,100 originations, totaling $51,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 441 $43,105,000 $97,744 $4,383 7.80%
    $100k-150k 439 $63,555,000 $144,772 $4,727 8.26%
    $75k-100k 368 $43,030,000 $116,929 $4,983 8.28%
    $150k-250k 314 $62,220,000 $198,153 $4,807 7.93%
    $50k or less 181 $12,535,000 $69,254 $4,109 7.48%
    $250k+ 99 $33,305,000 $336,414 $4,832 7.68%

    Nusenda lent most frequently to those with incomes in the $50k-75k range, with 441 originations. The second most popular income band? $100k-150k, with 439 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 399 $45,005,000 $112,794 $3,785 7.96%
    30-36% 319 $46,405,000 $145,470 $4,379 7.75%
    <20% 168 $22,130,000 $131,726 $3,389 7.76%
    42% 100 $14,840,000 $148,400 $5,003 8.23%
    41% 94 $15,600,000 $165,957 $4,826 7.88%
    40% 93 $14,665,000 $157,688 $4,940 7.90%
    43% 90 $11,360,000 $126,222 $4,894 8.45%
    38% 82 $13,740,000 $167,561 $4,954 7.61%
    39% 79 $10,845,000 $137,278 $4,413 7.92%
    37% 74 $12,350,000 $166,892 $4,902 7.79%
    36% 60 $11,090,000 $184,833 $4,033 7.66%
    50-60% 56 $8,940,000 $159,643 $10,401 9.15%
    45% 47 $4,455,000 $94,787 $6,351 8.25%
    44% 45 $7,115,000 $158,111 $4,137 8.48%
    46% 41 $5,305,000 $129,390 $9,922 8.09%
    47% 40 $6,290,000 $157,250 $6,968 8.20%
    48% 38 $4,310,000 $113,421 $7,907 9.12%
    49% 35 $4,155,000 $118,714 $5,202 9.39%
    >60% 2 $380,000 $190,000 $3,990 6.44%

    Nusenda lent most frequently to those with DTI ratios of 20-30%, with 399 originations. The next most common DTI ratio? 30-36%, with 319 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,363 $178,005,000 $130,598 $4,665 8.11%
    Not provided 361 $62,315,000 $172,618 $4,741 7.46%
    Not applicable 4 $20,270,000 $5,067,500 $0 6.42%
    Asian 39 $8,005,000 $205,256 $3,619 7.10%
    American Indian 59 $6,195,000 $105,000 $4,918 8.75%
    Black 37 $3,865,000 $104,459 $7,432 9.67%
    Other Asian 1 $255,000 $255,000 $3,152 6.63%
    Asian Indian 1 $235,000 $235,000 $3,116 6.75%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 10.25%
    Filipino 1 $55,000 $55,000 $0 7.63%

    Approval Rates

    Total approvals of all applications
    84.70%

    Nusenda has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.88%

    Nusenda has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,867 $279,255,000 $149,574

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,867 $279,255,000 $149,574

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 356 $35,540,000 $99,831 $3,715 8.80%
    40-60% 92 $34,900,000 $379,348 $4,356 7.14%
    60-80% 198 $65,640,000 $331,515 $4,108 6.21%
    80-100% 307 $96,965,000 $315,847 $5,476 6.00%
    Under 20% 905 $43,495,000 $48,061 $678 8.89%