N R L Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300PPKM4YL2GY3713
Tax ID: 53-0208722
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Mortgage Data
Review & Overview
N R L Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. N R L Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Easton, Raleigh, and Denver among others. We have data for 35 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 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 11.77% | 6/26/24 |
| 30 Year Conventional Purchase | 6.44% | 6/26/24 |
| 30 Year Conventional Refi | 6.10% | 6/26/24 |
| 30 Year Cash-out Refi | 6.56% | 6/26/24 |
| 15 Year Conventional Purchase | 10.91% | 6/26/24 |
| 15 Year Conventional Refi | 5.21% | 6/26/24 |
| 15 Year Cash-out Refi | 5.21% | 6/26/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
221Origination Dollar Volume (All Markets)
$37,875,000Awards
N R L Federal Credit Union - 2018
N R L Federal Credit Union is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 150 | $25,780,000 | $171,867 | $2,796 | 4.27% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 18 | $2,800,000 | $155,556 | $2,487 | 4.32% |
| Outside of Metro Areas | 6 | $1,340,000 | $223,333 | $4,133 | 3.94% |
| Easton, MD (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $8,874 | 3.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $2,948 | 4.33% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,455 | 4.58% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,743 | 3.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,696 | 4.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $6,543 | 4.25% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 5 | $385,000 | $77,000 | $1,646 | 4.14% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,299 | 4.38% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $1,840 | 3.58% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $687 | 2.99% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $1,815 | 3.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,104 | 4.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,036 | 4.50% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,302 | 4.38% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $65 | 7.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,283 | 4.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,979 | 4.13% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,805 | 4.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,371 | 4.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $447 | 2.49% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,269 | 4.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $447 | 5.50% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $447 | 2.99% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,672 | 3.88% |
| Sanford, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,308 | 5.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $447 | 6.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $677 | 7.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,422 | 3.88% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $447 | 6.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $447 | 2.99% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $447 | 4.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $447 | 5.50% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 221 | $37,875,000 | $171,380 | $2,781 | 4.27% |
For 2018, N R L Federal Credit Union's most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
For 2018, N R L Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 124 originations. The 2nd most popular reason was Home Purchase, with 50 originations.
Loan Duration/Length
For 2018, N R L Federal Credit Union's most frequently cited loan duration was 10 Year, with 79 originations. The 2nd most popular length was 30 Year, with 61 originations.
Origination Fees/Closing Costs
N R L Federal Credit Union's average total fees were $6,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 136 originations.
Interest Rates
During 2018, N R L Federal Credit Union's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 58 originations.
Loan Sizing
2018 saw N R L Federal Credit Union place emphasis on $100,000 or less loans with 99 originations, totaling $4,975,000 in origination value.
Applicant Income
N R L Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 65 originations. The second most popular income band? $150k-250k, with 50 originations.
Applicant Debt to Income Ratio
N R L Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 49 originations. The next most common DTI ratio? 20-30%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.50%
N R L Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination84.16%
N R L Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 221 | $37,875,000 | $171,380 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $235,000 | $235,000 |
| Single Family (1-4 Units):Site-Built | 220 | $37,640,000 | $171,091 |