Noble Federal Credit Union Mortgage Rates, Fees & Info

Fresno, CA

LEI: 549300NW5S24O35U1962

Tax ID: 94-1214416

5 stars - Updated: 12/16/24 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Noble Federal Credit Union is a smaller credit union specializing in Other, Home Improvement, and Home Purchase loans. Noble Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, Madera, Visalia, San Luis Obispo, and Riverside among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Noble Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Noble Federal Credit Union is typically an average 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 relatively high 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.

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    Originations

    393

    Origination Dollar Volume (All Markets)

    $36,665,000

    Awards

    Noble Federal Credit Union 30 Year Conventional Loans silver Noble Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Noble Federal Credit Union's average 30 year fixed mortgage rate was 6.35%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.13%.

    Relative Fees (Closing Costs)

    Noble Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,318.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    FRESNO, CA (FHA|USDA|VA) 343 $29,945,000 $87,303 $958 9.10%
    MADERA, CA (FHA|USDA|VA) 26 $2,760,000 $106,154 $1,110 8.93%
    VISALIA, CA (FHA|USDA|VA) 13 $975,000 $75,000 $299 9.47%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $805,000 $805,000 $6,882 6.38%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $11,654 6.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $445,000 $445,000 $12,058 6.38%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $415,000 $415,000 $18,522 6.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $395,000 $395,000 $9,278 5.88%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 4 $280,000 $70,000 $200 9.09%
    VALLEJO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.49%
    MODESTO, CA (FHA|USDA|VA) 1 $65,000 $65,000 $399 8.89%
    Noble Federal Credit Union's top markets include Fresno, Madera, Visalia, San Luis Obispo, and Riverside among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Noble Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Educational Employees Credit Union
    Similarity Rank: 44
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 135
    Noble Federal Credit Union
    Similarity Rank: 176
    MID-VALLEY SERVICES, INC.
    Similarity Rank: 804
    DHI MORTGAGE COMPANY, LTD.
    Similarity Rank: 1135
    THE GOLDEN 1
    Similarity Rank: 1470
    INSPIRE HOME LOANS INC.
    Similarity Rank: 1872
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 2788
    RESIDENTIAL WHOLESALE MORTGAGE, INC.
    Similarity Rank: 3420
    Citibank
    Similarity Rank: 3894

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $27,690,000 $99,604 $1,138 8.61%
    HELOC 115 $8,975,000 $78,043 n/a 10.15%

    For 2023, Noble Federal Credit Union's most frequently originated type of loan was Conventional, with 278 originations. Their 2nd most popular type was HELOC, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 171 $11,255,000 $65,819 $193 9.47%
    Home Improvement 152 $10,040,000 $66,053 $218 9.21%
    Home Purchase 36 $10,320,000 $286,667 $6,488 7.17%
    Refi 23 $2,265,000 $98,478 $393 9.10%
    Cash Out Refi 11 $2,785,000 $253,182 $5,905 6.71%

    For 2023, Noble Federal Credit Union's most frequently cited loan purpose was Other, with 171 originations. The 2nd most popular reason was Home Improvement, with 152 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 161 $11,725,000 $72,826 $212 8.98%
    Other 114 $8,920,000 $78,246 $0 10.16%
    15 Year 52 $3,230,000 $62,115 $486 8.66%
    10 Year 34 $1,470,000 $43,235 $206 8.97%
    30 Year 32 $11,320,000 $353,750 $7,318 6.35%

    For 2023, Noble Federal Credit Union's most frequently cited loan duration was 20 Year, with 161 originations. The 2nd most popular length was Other, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 225 $14,755,000 $65,578
    $2k-3k 12 $3,980,000 $331,667
    $5k+ 12 $5,100,000 $425,000
    $1k-2k 4 $680,000 $170,000
    $4k-5k 4 $910,000 $227,500
    $3k-4k 3 $1,105,000 $368,333

    Noble Federal Credit Union's average total fees were $7,318, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 265 $19,475,000 $73,491
    7-8% 94 $6,100,000 $64,894
    6-7% 24 $8,150,000 $339,583
    5-6% 10 $2,940,000 $294,000

    During 2023, Noble Federal Credit Union's average interest rate for loans was 6.35%, while their most frequently originated rate bucket for loans was Over 8%, with 265 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 292 $16,040,000 $54,932 $237 9.32%
    $100k-200k 67 $8,445,000 $126,045 $949 9.08%
    $200k-400k 23 $6,065,000 $263,696 $5,760 6.96%
    $400k-600k 7 $3,325,000 $475,000 $9,967 6.53%
    $600k-1MM 4 $2,790,000 $697,500 $8,791 6.25%

    2023 saw Noble Federal Credit Union place emphasis on $100,000 or less loans with 292 originations, totaling $16,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 108 $8,750,000 $81,019 $842 9.24%
    $150k-250k 92 $9,380,000 $101,957 $925 9.12%
    $50k-75k 74 $5,630,000 $76,081 $1,217 8.87%
    $75k-100k 73 $6,075,000 $83,219 $1,153 9.13%
    $50k or less 24 $1,530,000 $63,750 $965 8.67%
    $250k+ 22 $5,300,000 $240,909 $3,224 8.82%

    Noble Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 108 originations. The second most popular income band? $150k-250k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 62 $4,250,000 $68,548 $242 9.10%
    30-36% 57 $5,845,000 $102,544 $1,301 8.66%
    20-30% 45 $4,655,000 $103,444 $1,466 8.67%
    40% 24 $3,350,000 $139,583 $1,783 8.88%
    45% 21 $2,365,000 $112,619 $2,152 9.09%
    47% 21 $2,695,000 $128,333 $2,018 9.07%
    43% 21 $2,045,000 $97,381 $1,383 9.31%
    49% 19 $1,205,000 $63,421 $727 9.61%
    48% 16 $1,600,000 $100,000 $1,405 9.80%
    44% 15 $1,785,000 $119,000 $1,202 9.89%
    37% 15 $1,085,000 $72,333 $233 9.54%
    42% 12 $990,000 $82,500 $1,247 9.24%
    41% 12 $720,000 $60,000 $120 8.76%
    <20% 12 $770,000 $64,167 $150 8.37%
    46% 11 $995,000 $90,455 $1,087 9.00%
    39% 10 $470,000 $47,000 $160 9.56%
    38% 10 $730,000 $73,000 $612 8.36%
    36% 10 $1,110,000 $111,000 $2,817 9.86%

    Noble Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 62 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 243 $23,275,000 $95,782 $1,229 9.08%
    Not provided 107 $10,095,000 $94,346 $1,133 8.93%
    Asian 17 $1,455,000 $85,588 $249 9.56%
    Black 18 $1,180,000 $65,556 $571 9.23%
    American Indian 4 $310,000 $77,500 $399 9.03%
    Filipino 1 $205,000 $205,000 $0 9.25%
    Native Hawaiian or Islander 2 $90,000 $45,000 $1,744 8.45%
    Asian Indian 1 $55,000 $55,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    66.05%

    Noble Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    89.06%

    Noble Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $65,000 $65,000
    NA 392 $36,600,000 $93,367

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    393 $36,665,000 $93,295

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $9,325,000 $109,706 $485 9.39%
    40-60% 14 $2,190,000 $156,429 $3,764 7.89%
    60-80% 11 $3,975,000 $361,364 $7,475 6.38%
    80-100% 15 $6,255,000 $417,000 $8,260 6.32%
    Under 20% 268 $14,920,000 $55,672 $209 9.28%