Nusenda Credit Union Mortgage Interest Rate and Cost Review

Is Nusenda 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 Nusenda Credit Union to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Nusenda Credit Union nationally:

Review ItemNusenda Credit Union
Interest Ratelower than other lenders (-0.16%)
Loan Related Closing Costslower than other lenders (-$347)
National Rate and Closing Cost Star Rating(4.5)

On average, Nusenda Credit Union’s interest rates were lower than those of other lenders (-0.16%) for a comparable set of borrowers. Its loan related closing costs were also lower than those of other lenders, with a difference of -$347. Overall, combining interest rates and closing costs we estimate that Nusenda Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4.5 out of 5 stars. To visit Nusenda Credit Union, its website is located at: https://www.nusenda.org.

Nusenda Credit Union’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Nusenda Credit Union was most active in:

  1. Albuquerque, NM
  2. Santa Fe, NM
  3. El Paso, TX
  4. Roswell, NM
  5. Pinetop-Lakeside, AZ

In addition, Nusenda Credit Union is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

You can click through to check out Nusenda Credit Union’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Nusenda 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, Nusenda Credit Union originated Conforming, FHA, Jumbo and VA mortgages for new home purchases. It also originated Conforming, FHA and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingFHAJumboVA
Interest Rate Difference-0.14%-0.31%+0.01%-0.05%
Loan Related Closing Cost Difference-$167-$477+$8-$290
Cost Adjusted Rate Difference-0.16%-0.35%+0.01%-0.07%
National Star Rating(4.5)(5)(3.5)(4)
Refinance MortgagesConformingFHAVA
Interest Rate Difference-0.19%-0.13%-0.05%
Loan Related Closing Cost Difference-$536-$279-$504
Cost Adjusted Rate Difference-0.25%-0.16%-0.09%
Average Star Rating(4.5)(4.5)(4)

As a summary, Nusenda Credit Union is cheap for Conforming, FHA and VA purchase mortgages. It is similar to other lenders for Jumbo purchase mortgages. For refinancing mortgages, Nusenda Credit Union is cheap for Conforming, FHA and 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 Nusenda Credit Union:

Registered name: Nusenda Credit Union
Registered city and state: ALBUQUERQUE, NM, 87107
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 Nusenda 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.