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 Other 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, Salisbury, Virginia Beach, and Cincinnati among others. We have data for 86 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 a high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 11.77% | 11/21/24 |
| 30 Year Conventional Purchase | 6.44% | 11/21/24 |
| 30 Year Conventional Refi | 6.10% | 11/21/24 |
| 30 Year Cash-out Refi | 6.56% | 11/21/24 |
| 15 Year Conventional Purchase | 10.91% | 11/21/24 |
| 15 Year Conventional Refi | 5.21% | 11/21/24 |
| 15 Year Cash-out Refi | 5.21% | 11/21/24 |
| 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
625Origination Dollar Volume (All Markets)
$107,815,000Awards
N R L Federal Credit Union - 2022
N R L Federal Credit Union is a 2022 , due to their low .
For 2022, 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) | 341 | $64,005,000 | $187,698 | $3,173 | 5.44% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 58 | $11,430,000 | $197,069 | $1,908 | 5.47% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 18 | $3,060,000 | $170,000 | $2,836 | 5.90% |
| Outside of Metro Areas | 16 | $2,060,000 | $128,750 | $1,759 | 6.15% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $2,717 | 6.07% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 20 | $1,810,000 | $90,500 | $914 | 6.02% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $0 | 5.40% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $1,450,000 | $725,000 | $5,659 | 5.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $2,703 | 5.33% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $0 | 4.79% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $906 | 7.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $1,184 | 7.85% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $13,417 | 5.58% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,748 | 6.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $1,390 | 6.85% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $0 | 6.19% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $1,165 | 6.47% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $429 | 6.15% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 6.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $525,000 | $105,000 | $1,051 | 6.61% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $1,616 | 5.50% |
| Marion, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 5.41% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $450,000 | $75,000 | $0 | 7.01% |
| Torrington, CT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,306 | 4.75% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 8.25% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $360 | 6.22% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $793 | 5.05% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,281 | 3.50% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,026 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $515 | 5.55% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $451 | 6.50% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,603 | 3.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,856 | 5.56% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $485 | 7.33% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.50% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,117 | 3.13% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.25% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.40% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,110 | 5.50% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 5.63% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 6.70% |
| AKRON, OH (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 8.18% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $1,055 | 8.25% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 5.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 4.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 5.50% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 6.87% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,486 | 7.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.40% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 5.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 6.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 4.46% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,830 | 6.75% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.25% |
| OCALA, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 8.00% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.40% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,650 | 8.25% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,455 | 3.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $990 | 8.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $1,330 | 8.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,805 | 11.75% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,320 | 7.75% |
| Forest City, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,841 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $650 | 6.50% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.00% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,482 | 6.00% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $991 | 6.50% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $970 | 8.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
| Huntington, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $990 | 7.00% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.75% |
| New Castle, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 440 | $73,970,000 | $168,114 | n/a | 5.66% |
| Conventional | 185 | $33,845,000 | $182,946 | $2,679 | 5.78% |
For 2022, N R L Federal Credit Union's most frequently originated type of loan was HELOC, with 440 originations. Their 2nd most popular type was Conventional, with 185 originations.
Loan Reason
For 2022, N R L Federal Credit Union's most frequently cited loan purpose was Other, with 434 originations. The 2nd most popular reason was Home Purchase, with 133 originations.
Loan Duration/Length
For 2022, N R L Federal Credit Union's most frequently cited loan duration was 30 Year, with 331 originations. The 2nd most popular length was 15 Year, with 167 originations.
Origination Fees/Closing Costs
N R L Federal Credit Union's average total fees were $8,798, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 136 originations.
Interest Rates
During 2022, N R L Federal Credit Union's average interest rate for loans was 5.33%, while their most frequently originated rate bucket for loans was 5-6%, with 161 originations.
Loan Sizing
2022 saw N R L Federal Credit Union place emphasis on $100,000 or less loans with 239 originations, totaling $14,355,000 in origination value.
Applicant Income
N R L Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 207 originations. The second most popular income band? $250k+, with 169 originations.
Applicant Debt to Income Ratio
N R L Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.70%
N R L Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination72.16%
N R L Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 625 | $107,815,000 | $172,504 |