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 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,285Origination Dollar Volume (All Markets)
$382,385,000Awards
NUSENDA - 2020
NUSENDA is a 2020 , due to their low .
For 2020, 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) | 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% |
Their top states include:
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Product Mix
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
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
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
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
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
2020 saw Nusenda place emphasis on $100k-200k loans with 810 originations, totaling $120,450,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications89.18%
Nusenda has an average approval rate.
Pick Rate
Approvals leading to origination74.97%
Nusenda has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,285 | $382,385,000 | $167,346 |