N R L Federal Credit Union Mortgage Rates, Fees & Info

Alexandria, VA

LEI: 549300PPKM4YL2GY3713

Tax ID: 53-0208722

1 stars - Updated: 7/14/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

N R L Federal Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. N R L Federal Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Cincinnati, Miami, and Cape Coral among others. We have data for 52 markets. (Some data included below & more in-depth data is available with an active subscription.)

N R L Federal Credit Union 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. N R L 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.

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
Home Equity Line of Credit (HELOC) 11.77% 7/14/24
30 Year Conventional Purchase 6.44% 7/14/24
30 Year Conventional Refi 6.10% 7/14/24
30 Year Cash-out Refi 6.56% 7/14/24
15 Year Conventional Purchase 10.91% 7/14/24
15 Year Conventional Refi 5.21% 7/14/24
15 Year Cash-out Refi 5.21% 7/14/24
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.

N R L Federal Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from N R L Federal Credit Union. 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

204

Origination Dollar Volume (All Markets)

$33,320,000

Relative Rate

N R L Federal Credit Union's average 30 year fixed mortgage rate was 9.17%.

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

This yields a difference of 2.69%.

Relative Fees (Closing Costs)

N R L Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,072.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 102 $16,810,000 $164,804 $1,438 9.51%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 19 $3,765,000 $198,158 $4,113 9.89%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $995,000 $110,556 $507 10.39%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $975,000 $325,000 $0 9.67%
Outside of Metro Areas 3 $685,000 $228,333 $48 11.50%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $605,000 $605,000 $11,180 6.38%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $535,000 $178,333 $0 8.75%
SALISBURY, MD-DE (FHA|USDA|VA) 4 $430,000 $107,500 $1,051 9.06%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $415,000 $138,333 $4,408 8.50%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $410,000 $205,000 $0 9.81%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $385,000 $385,000 $0 9.25%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $385,000 $385,000 $5,013 6.88%
Morehead City, NC (FHA|USDA|VA) 1 $375,000 $375,000 $5,628 7.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $355,000 $118,333 $0 9.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 9.25%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $315,000 $315,000 $0 8.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $290,000 $145,000 $3,098 8.81%
ROANOKE, VA (FHA|USDA|VA) 1 $285,000 $285,000 $4,439 6.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $275,000 $275,000 $0 8.25%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.00%
Elizabeth City, NC (FHA|USDA|VA) 1 $255,000 $255,000 $0 10.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.00%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $250,000 $125,000 $452 8.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $240,000 $120,000 $1,132 11.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $225,000 $75,000 $0 9.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 8.25%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $215,000 $71,667 $0 9.42%
ASHEVILLE, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $205,000 $205,000 $0 10.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $200,000 $100,000 $0 11.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 10.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $190,000 $95,000 $0 8.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $180,000 $90,000 $0 9.25%
PITTSBURGH, PA (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $160,000 $80,000 $0 9.63%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $155,000 $155,000 $0 10.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $135,000 $135,000 $1,330 12.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $105,000 $105,000 $0 12.25%
Seymour, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.25%
AKRON, OH (FHA|USDA|VA) 1 $85,000 $85,000 $507 12.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.00%
RACINE, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.50%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.75%
RICHMOND, VA (FHA|USDA|VA) 1 $65,000 $65,000 $452 8.75%
COLUMBUS, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $55,000 $55,000 $1,315 11.75%
Easton, MD (FHA|USDA|VA) 1 $45,000 $45,000 $0 14.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $25,000 $25,000 $452 8.75%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.50%
N R L Federal Credit Union's top markets include Washington, Baltimore, Cincinnati, Miami, and Cape Coral among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Similar Lenders

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

    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    POINT BREEZE
    Similarity Rank: 160
    IDB Global Federal Credit Union
    Similarity Rank: 416
    Member Options, LLC
    Similarity Rank: 576
    EagleBank
    Similarity Rank: 1131
    CNB Bank Inc.
    Similarity Rank: 1152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 174 $27,850,000 $160,057 n/a 9.70%
    Conventional 30 $5,470,000 $182,333 $2,336 9.00%

    For 2023, N R L Federal Credit Union's most frequently originated type of loan was HELOC, with 174 originations. Their 2nd most popular type was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 77 $9,855,000 $127,987 $752 9.80%
    Other 58 $6,810,000 $117,414 $695 9.87%
    Home Purchase 40 $11,130,000 $278,250 $4,235 9.06%
    Cash Out Refi 28 $5,270,000 $188,214 $1,940 9.26%
    Refi 1 $255,000 $255,000 $0 9.00%

    For 2023, N R L Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 77 originations. The 2nd most popular reason was Other, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 86 $19,850,000 $230,814 $6,072 9.17%
    Other 54 $6,280,000 $116,296 $0 9.20%
    15 Year 47 $5,455,000 $116,064 $713 10.57%
    20 Year 8 $910,000 $113,750 $781 12.00%
    10 Year 7 $655,000 $93,571 $443 9.21%
    5 Year 2 $170,000 $85,000 $526 7.38%

    For 2023, N R L Federal Credit Union's most frequently cited loan duration was 30 Year, with 86 originations. The 2nd most popular length was Other, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $2,355,000 $112,143
    $1k-2k 3 $865,000 $288,333
    $2k-3k 2 $660,000 $330,000
    $5k+ 2 $960,000 $480,000
    $4k-5k 1 $325,000 $325,000

    N R L Federal Credit Union's average total fees were $6,072, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 187 $29,345,000 $156,925
    7-8% 10 $1,880,000 $188,000
    6-7% 7 $2,095,000 $299,286

    During 2023, N R L Federal Credit Union's average interest rate for loans was 9.17%, while their most frequently originated rate bucket for loans was Over 8%, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $5,395,000 $65,000 $561 10.00%
    $100k-200k 57 $7,665,000 $134,474 $1,077 9.78%
    $200k-400k 53 $14,905,000 $281,226 $4,284 8.90%
    $400k-600k 10 $4,750,000 $475,000 $0 9.20%
    $600k-1MM 1 $605,000 $605,000 $11,180 6.38%

    2023 saw N R L Federal Credit Union place emphasis on $100,000 or less loans with 83 originations, totaling $5,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 62 $16,760,000 $270,323 $3,612 9.37%
    $150k-250k 51 $7,295,000 $143,039 $3,230 9.77%
    $100k-150k 47 $5,175,000 $110,106 $1,383 9.86%
    $75k-100k 24 $2,280,000 $95,000 $1,909 9.43%
    $50k-75k 15 $1,005,000 $67,000 $452 9.56%
    $50k or less 5 $805,000 $161,000 $0 9.13%

    N R L Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 62 originations. The second most popular income band? $150k-250k, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $5,945,000 $191,774 $2,091 9.39%
    30-36% 30 $4,960,000 $165,333 $3,301 9.52%
    49% 13 $1,535,000 $118,077 $1,105 9.22%
    41% 13 $2,185,000 $168,077 $3,860 9.64%
    46% 12 $1,590,000 $132,500 $452 9.90%
    47% 11 $1,775,000 $161,364 $452 9.66%
    37% 11 $2,275,000 $206,818 $2,970 10.65%
    <20% 11 $2,195,000 $199,545 $4,415 9.09%
    48% 9 $2,035,000 $226,111 $0 9.18%
    43% 8 $1,080,000 $135,000 $0 10.13%
    40% 8 $780,000 $97,500 $0 9.88%
    39% 7 $725,000 $103,571 $1,132 10.29%
    38% 7 $1,095,000 $156,429 $1,051 9.71%
    45% 7 $1,135,000 $162,143 $0 9.36%
    42% 6 $680,000 $113,333 $919 10.88%
    36% 6 $1,270,000 $211,667 $2,814 9.06%
    44% 5 $415,000 $83,000 $452 8.85%
    50-60% 4 $720,000 $180,000 $0 8.94%
    >60% 1 $65,000 $65,000 $452 10.25%

    N R L Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $15,610,000 $162,604 $1,945 9.55%
    Not provided 63 $9,485,000 $150,556 $2,053 9.97%
    Black 24 $3,860,000 $160,833 $3,200 9.40%
    Asian 13 $2,835,000 $218,077 $756 9.40%
    Filipino 4 $730,000 $182,500 $4,408 8.38%
    Native Hawaiian or Islander 1 $385,000 $385,000 $5,013 6.88%
    Asian Indian 2 $310,000 $155,000 $0 8.13%
    Other Asian 1 $105,000 $105,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    78.63%

    N R L Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.88%

    N R L Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 204 $33,320,000 $163,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    204 $33,320,000 $163,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $16,115,000 $214,867 $715 9.72%
    40-60% 15 $3,035,000 $202,333 $3,054 8.83%
    60-80% 5 $1,825,000 $365,000 $6,905 7.28%
    80-100% 3 $895,000 $298,333 $7,657 7.83%
    Under 20% 103 $10,855,000 $105,388 $559 9.83%