Nusenda Mortgage Rates, Fees & Info

Albuquerque, NM

LEI: 5493007B1GAUZGYHPR07

Tax ID: 85-0105773

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

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  • 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

    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.

    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% 4/21/24
    30 Year Conventional Refi 6.49% 4/21/24
    30 Year Cash-out Refi 6.71% 4/21/24
    30 Year FHA Purchase 7.16% 4/21/24
    30 Year FHA Refi 6.94% 4/21/24
    30 Year VA Purchase 6.28% 4/21/24
    30 Year VA Refi 6.22% 4/21/24
    15 Year Conventional Purchase 6.35% 4/21/24
    15 Year Conventional Refi 8.22% 4/21/24
    15 Year Cash-out Refi 8.22% 4/21/24
    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.

    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

    1,387

    Origination Dollar Volume (All Markets)

    $159,705,000
    Show all (5) 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
    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%
    Española, 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%
    Nusenda's top markets include Albuquerque, Santa Fe, Taos, Los Alamos, and Las Vegas 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: 28
    Kirtland Federal Credit Union
    Similarity Rank: 96
    FirstLight Federal Credit Union
    Similarity Rank: 136
    SANDIA AREA
    Similarity Rank: 144
    Pioneer Bank
    Similarity Rank: 189
    RIO GRANDE
    Similarity Rank: 195
    GUADALUPE CREDIT UNION
    Similarity Rank: 285
    Citizens Bank of Las Cruces
    Similarity Rank: 378
    Del Norte Credit Union
    Similarity Rank: 693
    First Financial Credit Union
    Similarity Rank: 820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,008 $131,730,000 $130,685 $2,590 5.57%
    HELOC 318 $17,120,000 $53,836 n/a 7.01%
    FHA 34 $5,940,000 $174,706 $5,781 4.46%
    VA 27 $4,915,000 $182,037 $5,221 4.38%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 457 $83,905,000 $183,600 $3,281 4.68%
    Refi 317 $33,675,000 $106,230 $2,201 5.88%
    Home Improvement 282 $12,360,000 $43,830 $278 7.07%
    Other 222 $10,660,000 $48,018 $756 7.27%
    Cash Out Refi 106 $18,620,000 $175,660 $3,604 4.54%
    NA 3 $485,000 $161,667 $0 5.98%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 538 $98,690,000 $183,439 $3,344 4.71%
    20 Year 349 $21,735,000 $62,278 $2,997 6.78%
    15 Year 325 $24,205,000 $74,477 $1,624 6.48%
    10 Year 165 $6,605,000 $40,030 $723 6.36%
    5 Year 6 $7,440,000 $1,240,000 $0 5.51%
    Other 2 $730,000 $365,000 $0 5.65%
    3 Year 1 $105,000 $105,000 $0 5.75%
    30+ year 1 $195,000 $195,000 $0 6.20%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 417 $72,885,000 $174,784
    $1k-2k 176 $29,850,000 $169,602
    $2k-3k 38 $7,760,000 $204,211
    $3k-4k 13 $2,745,000 $211,154
    $5k+ 8 $2,520,000 $315,000
    $4k-5k 6 $1,410,000 $235,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 560 $104,150,000 $185,982
    5-6% 396 $32,560,000 $82,222
    Over 8% 156 $4,620,000 $29,615
    6-7% 152 $6,410,000 $42,171
    7-8% 75 $3,915,000 $52,200
    3-4% 48 $8,050,000 $167,708

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 747 $30,635,000 $41,011 $947 6.80%
    $100k-200k 415 $60,605,000 $146,036 $3,105 4.76%
    $200k-400k 201 $51,025,000 $253,856 $3,902 4.69%
    $400k-600k 17 $7,585,000 $446,176 $5,274 4.63%
    $600k-1MM 4 $2,980,000 $745,000 $5,491 4.61%
    $1MM+ 3 $6,875,000 $2,291,667 $0 5.28%

    2018 saw Nusenda place emphasis on $100,000 or less loans with 747 originations, totaling $30,635,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 352 $35,020,000 $99,489 $2,671 5.82%
    $50k or less 332 $26,670,000 $80,331 $2,458 5.48%
    $100k-150k 299 $37,265,000 $124,632 $2,986 6.05%
    $75k-100k 225 $25,925,000 $115,222 $3,043 6.13%
    $150k-250k 117 $17,595,000 $150,385 $3,446 5.64%
    $250k+ 36 $8,340,000 $231,667 $3,632 5.53%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 336 $37,930,000 $112,887 $2,661 5.64%
    30-36% 289 $31,685,000 $109,637 $2,842 5.90%
    <20% 208 $19,430,000 $93,413 $2,480 5.43%
    40% 61 $6,395,000 $104,836 $2,600 6.27%
    42% 58 $6,040,000 $104,138 $2,727 6.50%
    41% 57 $5,365,000 $94,123 $2,571 6.45%
    37% 54 $6,990,000 $129,444 $2,850 6.25%
    39% 45 $5,005,000 $111,222 $2,876 6.44%
    38% 45 $3,445,000 $76,556 $2,925 6.53%
    45% 35 $5,135,000 $146,714 $3,551 5.71%
    36% 35 $3,455,000 $98,714 $2,787 5.96%
    43% 30 $3,680,000 $122,667 $3,438 5.88%
    44% 25 $3,455,000 $138,200 $3,276 5.13%
    46% 24 $3,120,000 $130,000 $3,684 6.03%
    48% 20 $3,050,000 $152,500 $3,661 5.44%
    49% 20 $2,810,000 $140,500 $3,514 5.03%
    47% 19 $2,515,000 $132,368 $3,029 5.63%
    50-60% 14 $1,430,000 $102,143 $3,970 6.39%
    >60% 3 $315,000 $105,000 $0 5.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,071 $117,185,000 $109,416 $2,762 5.75%
    Not provided 234 $25,800,000 $110,256 $3,032 6.30%
    Not applicable 9 $8,455,000 $939,444 $0 5.59%
    American Indian 31 $3,055,000 $98,548 $2,866 6.17%
    Asian 23 $3,005,000 $130,652 $3,176 5.75%
    Black 16 $1,870,000 $116,875 $3,318 5.48%
    Other Asian 2 $290,000 $145,000 $3,322 4.38%
    Native Hawaiian or Islander 1 $45,000 $45,000 $2,430 4.38%

    Approval Rates

    Total approvals of all applications
    77.30%

    Nusenda has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.85%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 219 $13,855,000 $63,265 $951 6.32%
    40-60% 117 $15,515,000 $132,607 $2,961 4.92%
    60-80% 251 $52,395,000 $208,745 $3,302 4.77%
    80-100% 316 $60,150,000 $190,348 $3,465 4.63%
    Over 100% 5 $2,475,000 $495,000 $8,356 4.50%
    Under 20% 479 $15,315,000 $31,973 $106 7.24%