Kirtland Federal Credit Union Mortgage Interest Rate and Cost Review

Is Kirtland Federal Credit Union a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Kirtland Federal Credit Union to those of other lenders for a comparable set of borrowers. Here is our review of Kirtland Federal Credit Union nationally:

Review ItemKirtland Federal Credit Union
Interest Ratesimilar to other lenders (-0.05%)
Loan Related Closing Costslower than other lenders (-$422)
National Rate and Closing Cost Star Rating(4)

On average, Kirtland Federal Credit Union’s interest rates were similar to those of other lenders (-0.05%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$422. Overall, combining interest rates and closing costs we estimate that Kirtland Federal Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Kirtland Federal Credit Union, check out its website at:

Kirtland Federal Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Kirtland Federal Credit Union was most active in:

  1. Albuquerque, NM
  2. Santa Fe, NM
  3. El Paso, TX
  4. Farmington, NM
  5. Alamogordo, NM

Kirtland Federal Credit Union’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Kirtland Federal Credit Union originated Conforming and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

New Purchase MortgagesConformingVA
Interest Rate Difference-0.05%-0.02%
Loan Related Closing Cost Difference-$99-$51
Cost Adjusted Rate Difference-0.07%-0.02%
National Star Rating(4)(3.5)
Refinance MortgagesConformingVA
Interest Rate Difference-0.06%-0.01%
Loan Related Closing Cost Difference-$655-$216
Cost Adjusted Rate Difference-0.15%-0.03%
Average Star Rating(4.5)(3.5)

As a summary, Kirtland Federal Credit Union is cheap for Conforming purchase mortgages. It is similar to other lenders for VA purchase mortgages. For refinancing, Kirtland Federal Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for VA mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Kirtland Federal Credit Union:

Registered name: Kirtland Federal Credit Union
Registered city and state: ALBUQUERQUE, NM, 87108
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Kirtland Federal Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.