Sandia Laboratory Federal Credit Union Mortgage Interest Rate and Cost Review

Is Sandia Laboratory 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 Sandia Laboratory Federal Credit Union to those of other lenders for a comparable set of borrowers. Here is our review of Sandia Laboratory Federal Credit Union nationally:

Review ItemSandia Laboratory Federal Credit Union
Interest Ratelower than other lenders (-0.23%)
Loan Related Closing Costslower than other lenders (-$278)
National Rate and Closing Cost Star Rating(5)

On average, Sandia Laboratory Federal Credit Union’s interest rates were lower than those of other lenders (-0.23%). Its loan related closing costs were also lower than those of other lenders, with a difference of -$278. Overall, combining interest rates and closing costs we estimate that Sandia Laboratory Federal Credit Union tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 5 out of 5 stars. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Sandia Laboratory Federal Credit Union, its website is located at: https://www.slfcu.org.

Sandia Laboratory 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 in your area, click here. In particular, among the cities we track Sandia Laboratory Federal Credit Union was most active in:

  1. Albuquerque, NM
  2. Santa Fe, NM

Sandia Laboratory 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, Sandia Laboratory Federal Credit Union originated Conforming 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.

Purchase/Refinance:
New Purchase MortgagesConforming
Interest Rate Difference-0.12%
Loan Related Closing Cost Difference-$104
Cost Adjusted Rate Difference-0.13%
National Star Rating(4)
Refinance MortgagesConforming
Interest Rate Difference-0.32%
Loan Related Closing Cost Difference-$428
Cost Adjusted Rate Difference-0.36%
Average Star Rating(5)

As a summary, Sandia Laboratory Federal Credit Union is cheap for Conforming purchase mortgages. For refinancing, Sandia Laboratory Federal Credit Union is cheap for Conforming 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 Sandia Laboratory Federal Credit Union:

Registered name: Sandia Laboratory Federal Credit Union
Registered city and state: Albuquerque, NM, 87111
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 Sandia Laboratory 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.