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 Home Purchase, 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, Salisbury, Charlotte, and California among others. We have data for 53 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% | 5/5/24 |
| 30 Year Conventional Purchase | 6.44% | 5/5/24 |
| 30 Year Conventional Refi | 6.10% | 5/5/24 |
| 30 Year Cash-out Refi | 6.56% | 5/5/24 |
| 15 Year Conventional Purchase | 10.91% | 5/5/24 |
| 15 Year Conventional Refi | 5.21% | 5/5/24 |
| 15 Year Cash-out Refi | 5.21% | 5/5/24 |
| 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
286Origination Dollar Volume (All Markets)
$68,020,000Awards
N R L Federal Credit Union - 2021
N R L Federal Credit Union is a 2021 , due to their low .
For 2021, 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) | 178 | $46,070,000 | $258,820 | $4,863 | 3.36% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 23 | $5,105,000 | $221,957 | $4,330 | 3.79% |
| Outside of Metro Areas | 10 | $2,450,000 | $245,000 | $2,811 | 4.59% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $6,747 | 3.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $3,502 | 3.58% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,518 | 2.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $5,193 | 4.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $7,608 | 3.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $482 | 6.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $8,470 | 2.88% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $4,655 | 5.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,240 | 2.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,078 | 5.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,150 | 2.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $7,510 | 3.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $2,026 | 3.94% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,677 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,184 | 2.75% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,635 | 2.25% |
| SANTA FE, NM (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,120 | 4.06% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $7,288 | 2.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,951 | 2.75% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,406 | 3.13% |
| RENO, NV (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,198 | 3.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,921 | 2.75% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $4,043 | 4.81% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,299 | 4.44% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,253 | 3.13% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,848 | 2.75% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $5,351 | 3.19% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,037 | 2.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,249 | 2.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,343 | 5.06% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,089 | 3.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,720 | 2.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,707 | 3.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,253 | 2.50% |
| Steamboat Springs, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,161 | 8.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,325 | 2.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,526 | 2.75% |
| Kinston, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,232 | 3.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,394 | 2.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,832 | 2.50% |
| Forest City, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,406 | 2.75% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $517 | 6.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,304 | 2.88% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,437 | 2.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,076 | 8.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $991 | 4.75% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,273 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,186 | 7.50% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 286 | $68,020,000 | $237,832 | $4,468 | 3.58% |
For 2021, N R L Federal Credit Union's most frequently originated type of loan was Conventional, with 286 originations.
Loan Reason
For 2021, N R L Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 83 originations.
Loan Duration/Length
For 2021, N R L Federal Credit Union's most frequently cited loan duration was 30 Year, with 147 originations. The 2nd most popular length was 15 Year, with 62 originations.
Origination Fees/Closing Costs
N R L Federal Credit Union's average total fees were $6,391, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 98 originations.
Interest Rates
During 2021, N R L Federal Credit Union's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 118 originations.
Loan Sizing
2021 saw N R L Federal Credit Union place emphasis on $200k-400k loans with 111 originations, totaling $32,145,000 in origination value.
Applicant Income
N R L Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $150k-250k, with 68 originations.
Applicant Debt to Income Ratio
N R L Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? <20%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.21%
N R L Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination71.33%
N R L Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 286 | $68,020,000 | $237,832 |