Nusenda Mortgage Rates, Fees & Info
Albuquerque, NMLEI: 5493007B1GAUZGYHPR07
Tax ID: 85-0105773
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Mortgage Data
Review & Overview
Nusenda is a smaller mortgage company specializing in Home Purchase and 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, Los Alamos, and Las Vegas 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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.52% | 11/17/24 |
30 Year Conventional Refi | 6.49% | 11/17/24 |
30 Year Cash-out Refi | 6.71% | 11/17/24 |
30 Year FHA Purchase | 7.16% | 11/17/24 |
30 Year FHA Refi | 6.94% | 11/17/24 |
30 Year VA Purchase | 6.28% | 11/17/24 |
30 Year VA Refi | 6.22% | 11/17/24 |
15 Year Conventional Purchase | 6.35% | 11/17/24 |
15 Year Conventional Refi | 8.22% | 11/17/24 |
15 Year Cash-out Refi | 8.22% | 11/17/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,387Origination Dollar Volume (All Markets)
$159,705,000NUSENDA - 2018
NUSENDA is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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) | 1,239 | $137,705,000 | $111,142 | $2,745 | 5.87% |
SANTA FE, NM (FHA|USDA|VA) | 77 | $14,125,000 | $183,442 | $3,534 | 5.48% |
Taos, NM (FHA|USDA|VA) | 18 | $2,600,000 | $144,444 | $3,116 | 5.67% |
Outside of Metro Areas | 16 | $1,690,000 | $105,625 | $3,550 | 5.33% |
Los Alamos, NM (FHA|USDA|VA) | 6 | $1,200,000 | $200,000 | $4,283 | 5.63% |
Las Vegas, NM (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $3,922 | 5.13% |
Grants, NM (FHA|USDA|VA) | 10 | $510,000 | $51,000 | $1,682 | 5.46% |
Ruidoso, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,559 | 4.63% |
EspaƱola, NM (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 6.38% |
LAS CRUCES, NM (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $3,102 | 8.08% |
Gallup, NM (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $3,516 | 6.50% |
FARMINGTON, NM (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.38% |
Hobbs, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.25% |
Roswell, NM (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.50% |
Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 12.75% |
Their top states include:
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.
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Product Mix
For 2018, Nusenda's most frequently originated type of loan was Conventional, with 1,008 originations. Their 2nd most popular type was HELOC, with 318 originations.
Loan Reason
For 2018, Nusenda's most frequently cited loan purpose was Home Purchase, with 457 originations. The 2nd most popular reason was Refi, with 317 originations.
Loan Duration/Length
For 2018, Nusenda's most frequently cited loan duration was 30 Year, with 538 originations. The 2nd most popular length was 20 Year, with 349 originations.
Origination Fees/Closing Costs
Nusenda's average total fees were $3,344, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 417 originations.
Interest Rates
During 2018, Nusenda's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 560 originations.
Loan Sizing
2018 saw Nusenda place emphasis on $100,000 or less loans with 747 originations, totaling $30,635,000 in origination value.
Applicant Income
Nusenda lent most frequently to those with incomes in the $50k-75k range, with 352 originations. The second most popular income band? $50k or less, with 332 originations.
Applicant Debt to Income Ratio
Nusenda lent most frequently to those with DTI ratios of 20-30%, with 336 originations. The next most common DTI ratio? 30-36%, with 289 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.30%
Nusenda has a below average approval rate.
Pick Rate
Approvals leading to origination75.85%
Nusenda has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,387 | $159,705,000 | $115,144 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 6 | $6,680,000 | $1,113,333 |
Single Family (1-4 Units):Site-Built | 1,381 | $153,025,000 | $110,807 |