N R L Federal Credit Union Mortgage Rates, Fees & Info
Alexandria, VALEI: 549300PPKM4YL2GY3713
Tax ID: 53-0208722
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
N R L Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Home Purchase, and Refi loans. N R L Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, California, Denver, and Raleigh among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)N R L Federal Credit Union has an above 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.
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% | 11/22/24 |
| 30 Year Conventional Purchase | 6.44% | 11/22/24 |
| 30 Year Conventional Refi | 6.10% | 11/22/24 |
| 30 Year Cash-out Refi | 6.56% | 11/22/24 |
| 15 Year Conventional Purchase | 10.91% | 11/22/24 |
| 15 Year Conventional Refi | 5.21% | 11/22/24 |
| 15 Year Cash-out Refi | 5.21% | 11/22/24 |
| 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
262Origination Dollar Volume (All Markets)
$47,340,000Awards
N R L Federal Credit Union - 2019
N R L Federal Credit Union is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for N R L Federal Credit Union?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 173 | $30,525,000 | $176,445 | $2,953 | 4.14% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $2,875,000 | $221,154 | $2,787 | 3.81% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 8 | $1,390,000 | $173,750 | $3,980 | 4.73% |
| Outside of Metro Areas | 11 | $1,375,000 | $125,000 | $1,702 | 5.38% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $10,503 | 3.44% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $3,385 | 2.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $16,078 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,578 | 3.17% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,963 | 4.06% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $3,464 | 3.29% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,645 | 5.06% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,178 | 3.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $8,771 | 3.38% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $6,088 | 6.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $5,142 | 3.18% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $8,635 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,506 | 3.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,073 | 2.75% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,947 | 4.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,506 | 3.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,897 | 2.75% |
| Salem, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,202 | 4.13% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,363 | 2.75% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,911 | 3.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,358 | 4.50% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,009 | 3.88% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $447 | 5.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,898 | 4.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $447 | 2.99% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,586 | 3.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $467 | 3.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,828 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $977 | 7.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,312 | 3.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,284 | 4.56% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $487 | 1.99% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,138 | 3.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $447 | 1.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $447 | 2.49% |
| DOVER, DE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $642 | 2.99% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $447 | 3.49% |
| Selinsgrove, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,835 | 3.88% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $447 | 1.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $447 | 5.00% |
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.
Similarity Rank: 218
Similarity Rank: 270
Similarity Rank: 444
Similarity Rank: 605
Similarity Rank: 612
Similarity Rank: 636
Similarity Rank: 697
Similarity Rank: 828
Similarity Rank: 840
Similarity Rank: 1182
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 262 | $47,340,000 | $180,687 | $3,016 | 4.12% |
For 2019, N R L Federal Credit Union's most frequently originated type of loan was Conventional, with 262 originations.
Loan Reason
For 2019, N R L Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 100 originations. The 2nd most popular reason was Home Purchase, with 58 originations.
Loan Duration/Length
For 2019, N R L Federal Credit Union's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was 10 Year, with 63 originations.
Origination Fees/Closing Costs
N R L Federal Credit Union's average total fees were $5,836, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 146 originations.
Interest Rates
During 2019, N R L Federal Credit Union's average interest rate for loans was 3.99%, while their most frequently originated rate bucket for loans was 3-4%, with 100 originations.
Loan Sizing
2019 saw N R L Federal Credit Union place emphasis on $100,000 or less loans with 109 originations, totaling $5,335,000 in origination value.
Applicant Income
N R L Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $150k-250k, with 64 originations.
Applicant Debt to Income Ratio
N R L Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.69%
N R L Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination89.69%
N R L Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 262 | $47,340,000 | $180,687 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $225,000 | $225,000 |
| Single Family (1-4 Units):Site-Built | 261 | $47,115,000 | $180,517 |