Nusenda Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 5493007B1GAUZGYHPR07

Tax ID: 85-0105773

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Albuquerque, Santa Fe, Taos, Las Cruces, and Española among others. Nusenda has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Nusenda is typically an average fee lendor.


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 rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Nusenda's average total fees for a 30 year fixed rate mortgage are $3,908.

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,298 $313,440,000 $136,397 $3,389 3.89%
FHA 72 $14,720,000 $204,444 $6,826 2.96%
VA 43 $10,275,000 $238,953 $4,926 2.88%

For the 2021 period, Nusenda's most frequently originated loan type of loans were Conventional, with 2,298 originations. Their 2nd most popular type is FHA, with 72 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Nusenda's most frequently cited loan purpose of loans were Refi, with 797 originations. The 2nd most popular reason of loans were 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 the 2021, Nusenda's most frequently cited loan length of loans were 30 Year, with 800 originations. The 2nd most popular length of loans were 15 Year, with 679 originations.

Origination Fees

Origination Fee 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 70 $16,520,000 $236,000
$5k+ 16 $5,910,000 $369,375

$3,908 of loans were Nusenda's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.26%, while their most frequently originated rate bucket of loans were 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 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
83.83%

Nusenda has a below average approval rate.

Pick Rate

Approvals leading to origination
76.45%

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%