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 Refi and Home Purchase 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 Las Vegas among others. We have data for 16 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% 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






    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

    2,285

    Origination Dollar Volume (All Markets)

    $382,385,000
    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) 2,006 $322,690,000 $160,862 $2,662 3.76%
    SANTA FE, NM (FHA|USDA|VA) 161 $41,955,000 $260,590 $3,235 3.80%
    Taos, NM (FHA|USDA|VA) 37 $6,135,000 $165,811 $2,951 3.94%
    Outside of Metro Areas 34 $3,660,000 $107,647 $2,528 3.55%
    LAS CRUCES, NM (FHA|USDA|VA) 11 $1,625,000 $147,727 $2,814 3.50%
    Las Vegas, NM (FHA|USDA|VA) 10 $1,450,000 $145,000 $3,088 4.08%
    Los Alamos, NM (FHA|USDA|VA) 6 $1,320,000 $220,000 $4,615 3.50%
    Española, NM (FHA|USDA|VA) 7 $1,305,000 $186,429 $2,427 3.50%
    Deming, NM (FHA|USDA|VA) 1 $815,000 $815,000 $0 4.50%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 4 $440,000 $110,000 $2,407 5.09%
    FARMINGTON, NM (FHA|USDA|VA) 2 $270,000 $135,000 $2,568 3.50%
    Silver City, NM (FHA|USDA|VA) 1 $225,000 $225,000 $2,509 3.50%
    Roswell, NM (FHA|USDA|VA) 1 $145,000 $145,000 $3,520 3.25%
    Grants, NM (FHA|USDA|VA) 2 $130,000 $65,000 $1,650 3.63%
    Gallup, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,861 2.63%
    Hobbs, NM (FHA|USDA|VA) 1 $95,000 $95,000 $3,699 4.00%
    Nusenda's top markets include Albuquerque, Santa Fe, Taos, Las Cruces, 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.

    RIO GRANDE
    Similarity Rank: 135
    SANDIA LABORATORY
    Similarity Rank: 244
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 299
    First Financial Credit Union
    Similarity Rank: 429
    White Sands Federal Credit Union
    Similarity Rank: 450
    FirstLight Federal Credit Union
    Similarity Rank: 518
    Pioneer Bank
    Similarity Rank: 525
    STATE EMPLOYEES
    Similarity Rank: 730
    Del Norte Credit Union
    Similarity Rank: 1044
    Citizens Bank of Las Cruces
    Similarity Rank: 1152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,811 $322,685,000 $178,181 $2,494 3.67%
    HELOC 304 $23,840,000 $78,421 n/a 4.70%
    FHA 90 $17,010,000 $189,000 $6,290 3.12%
    VA 80 $18,850,000 $235,625 $3,539 3.00%

    For 2020, Nusenda's most frequently originated type of loan was Conventional, with 1,811 originations. Their 2nd most popular type was HELOC, with 304 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 937 $169,975,000 $181,403 $2,572 3.43%
    Home Purchase 488 $110,540,000 $226,516 $3,841 3.32%
    Cash Out Refi 325 $65,055,000 $200,169 $3,666 3.29%
    Home Improvement 320 $17,310,000 $54,094 $137 4.98%
    Other 215 $19,505,000 $90,721 $306 5.13%

    For 2020, Nusenda's most frequently cited loan purpose was Refi, with 937 originations. The 2nd most popular reason was Home Purchase, with 488 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,012 $225,240,000 $222,569 $3,625 3.29%
    15 Year 532 $68,050,000 $127,914 $1,915 3.89%
    20 Year 444 $49,700,000 $111,937 $3,028 4.21%
    10 Year 256 $18,010,000 $70,352 $487 4.59%
    Other 32 $7,910,000 $247,188 $3,255 3.44%
    5 Year 8 $13,220,000 $1,652,500 $0 4.10%
    1 Year 1 $255,000 $255,000 $0 4.90%

    For 2020, Nusenda's most frequently cited loan duration was 30 Year, with 1,012 originations. The 2nd most popular length was 15 Year, with 532 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,244 $197,820,000 $159,019
    $1k-2k 497 $90,125,000 $181,338
    $2k-3k 125 $26,695,000 $213,560
    $3k-4k 61 $14,275,000 $234,016
    $4k-5k 22 $5,330,000 $242,273
    $5k+ 16 $4,230,000 $264,375

    Nusenda's average total fees were $3,625, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,244 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,161 $221,435,000 $190,728
    2.5-3% 578 $119,310,000 $206,419
    4-5% 257 $20,325,000 $79,086
    5-6% 126 $7,250,000 $57,540
    6-7% 53 $2,805,000 $52,925
    <2.5% 46 $9,140,000 $198,696
    Over 8% 34 $1,030,000 $30,294
    7-8% 30 $1,090,000 $36,333

    During 2020, Nusenda's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 1,161 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 810 $120,450,000 $148,704 $3,098 3.31%
    $100,000 or less 768 $37,010,000 $48,190 $678 4.73%
    $200k-400k 619 $163,665,000 $264,402 $3,889 3.21%
    $400k-600k 61 $28,755,000 $471,393 $4,153 3.19%
    $600k-1MM 18 $13,630,000 $757,222 $4,177 3.54%
    $1MM+ 9 $18,875,000 $2,097,222 $4,558 3.66%

    2020 saw Nusenda place emphasis on $100k-200k loans with 810 originations, totaling $120,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 578 $99,990,000 $172,993 $2,870 3.73%
    $50k-75k 509 $67,525,000 $132,662 $2,668 3.77%
    $75k-100k 392 $59,710,000 $152,321 $2,790 3.74%
    $50k or less 376 $41,820,000 $111,223 $2,290 3.77%
    $150k-250k 286 $57,430,000 $200,804 $2,848 3.82%
    $250k+ 85 $29,195,000 $343,471 $3,593 3.68%

    Nusenda lent most frequently to those with incomes in the $100k-150k range, with 578 originations. The second most popular income band? $50k-75k, with 509 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 656 $107,780,000 $164,299 $2,648 3.70%
    30-36% 404 $68,450,000 $169,431 $2,901 3.81%
    <20% 372 $53,360,000 $143,441 $2,547 3.57%
    42% 81 $13,095,000 $161,667 $2,649 3.78%
    38% 74 $11,280,000 $152,432 $2,362 3.84%
    36% 72 $11,490,000 $159,583 $2,503 3.99%
    37% 70 $10,400,000 $148,571 $2,919 3.96%
    39% 67 $11,035,000 $164,701 $2,965 3.87%
    40% 67 $10,975,000 $163,806 $2,590 3.93%
    41% 67 $11,505,000 $171,716 $2,786 3.80%
    44% 61 $8,115,000 $133,033 $2,584 3.91%
    43% 46 $7,770,000 $168,913 $3,063 3.75%
    45% 41 $6,675,000 $162,805 $2,959 3.93%
    46% 35 $5,285,000 $151,000 $2,918 3.82%
    47% 33 $5,045,000 $152,879 $3,171 4.40%
    49% 32 $4,920,000 $153,750 $3,656 4.02%
    48% 28 $3,850,000 $137,500 $2,831 3.75%
    >60% 19 $3,885,000 $204,474 $1,459 3.28%
    50-60% 18 $1,640,000 $91,111 $2,874 4.52%

    Nusenda lent most frequently to those with DTI ratios of 20-30%, with 656 originations. The next most common DTI ratio? 30-36%, with 404 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,652 $262,080,000 $158,644 $2,723 3.76%
    Not provided 480 $79,360,000 $165,333 $2,660 3.69%
    Not applicable 15 $20,015,000 $1,334,333 $0 4.11%
    American Indian 55 $7,765,000 $141,182 $2,310 4.14%
    Asian 44 $6,930,000 $157,500 $2,703 3.80%
    Black 29 $4,925,000 $169,828 $3,578 3.72%
    Other Pacific Islander 3 $395,000 $131,667 $8,206 4.63%
    Native Hawaiian or Islander 4 $340,000 $85,000 $1,401 4.31%
    Filipino 1 $205,000 $205,000 $3,167 3.00%
    Other Asian 1 $195,000 $195,000 $5,521 3.25%
    Asian Indian 1 $175,000 $175,000 $3,940 2.88%

    Approval Rates

    Total approvals of all applications
    89.18%

    Nusenda has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.97%

    Nusenda has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,285 $382,385,000 $167,346

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $3,940,000 $985,000
    Multifamily:Site-Built 10 $15,990,000 $1,599,000
    Single Family (1-4 Units):Site-Built 2,271 $362,455,000 $159,601

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 264 $25,560,000 $96,818 $1,217 4.29%
    40-60% 296 $60,870,000 $205,642 $2,864 3.30%
    60-80% 705 $154,255,000 $218,801 $3,304 3.25%
    80-100% 508 $116,360,000 $229,055 $3,877 3.24%
    Over 100% 4 $1,110,000 $277,500 $11,968 3.13%
    Under 20% 479 $18,075,000 $37,735 $42 5.12%