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 Refi and Cash Out 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, Philadelphia, and Tampa among others. We have data for 62 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 an above 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% | 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
358Origination Dollar Volume (All Markets)
$98,890,000Awards
N R L Federal Credit Union - 2020
N R L Federal Credit Union 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 215 | $59,515,000 | $276,814 | $4,663 | 3.43% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 28 | $8,240,000 | $294,286 | $5,116 | 3.04% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 12 | $2,920,000 | $243,333 | $5,117 | 3.35% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 5 | $2,635,000 | $527,000 | $7,720 | 3.10% |
| Outside of Metro Areas | 13 | $2,345,000 | $180,385 | $2,909 | 3.71% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $5,366 | 4.19% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $2,925 | 3.21% |
| DOVER, DE (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $4,298 | 2.83% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $5,447 | 3.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $8,180 | 3.19% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $6,142 | 2.97% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $4,568 | 2.63% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,724 | 2.69% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $10,570 | 3.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $8,111 | 3.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,584 | 4.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $5,904 | 4.88% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $11,005 | 3.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $5,626 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $9,099 | 3.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,682 | 3.13% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $14,328 | 3.63% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $1,614 | 4.46% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,255 | 3.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,291 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,984 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,510 | 3.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,880 | 3.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,137 | 3.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $8,701 | 2.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,662 | 3.50% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,530 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,855 | 3.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $387 | 6.50% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,978 | 3.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,526 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,491 | 3.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,920 | 3.31% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,137 | 3.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $2,991 | 4.54% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,062 | 3.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,237 | 3.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,049 | 2.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,625 | 3.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,177 | 3.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,125 | 3.13% |
| Torrington, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,242 | 3.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,750 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,439 | 2.75% |
| Easton, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,328 | 2.75% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,055 | 2.75% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,894 | 2.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,189 | 2.88% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,302 | 2.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,783 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,421 | 2.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,031 | 2.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $452 | 6.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,213 | 3.13% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $702 | 7.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,135 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $447 | 5.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 358 | $98,890,000 | $276,229 | $4,705 | 3.40% |
For 2020, N R L Federal Credit Union's most frequently originated type of loan was Conventional, with 358 originations.
Loan Reason
For 2020, N R L Federal Credit Union's most frequently cited loan purpose was Refi, with 159 originations. The 2nd most popular reason was Cash Out Refi, with 111 originations.
Loan Duration/Length
For 2020, N R L Federal Credit Union's most frequently cited loan duration was 30 Year, with 177 originations. The 2nd most popular length was 15 Year, with 87 originations.
Origination Fees/Closing Costs
N R L Federal Credit Union's average total fees were $6,070, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 97 originations.
Interest Rates
During 2020, N R L Federal Credit Union's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 204 originations.
Loan Sizing
2020 saw N R L Federal Credit Union place emphasis on $200k-400k loans with 178 originations, totaling $52,770,000 in origination value.
Applicant Income
N R L Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $150k-250k, with 88 originations.
Applicant Debt to Income Ratio
N R L Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 105 originations. The next most common DTI ratio? <20%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.97%
N R L Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination97.77%
N R L Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 358 | $98,890,000 | $276,229 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $390,000 | $195,000 |
| Single Family (1-4 Units):Site-Built | 356 | $98,500,000 | $276,685 |