# Sandia Laboratory Federal Credit Union

> **Canonical URL:** https://saferate.com/lenders/sandia-laboratory-federal-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Sandia Laboratory Federal Credit Union is a credit union, headquartered in Albuquerque, NM, serving borrowers across 6 states, with 418 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 26% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300CIQ950OK0BS407
- **Headquarters:** Albuquerque, NM
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** AZ, CA, CO, NM, NV, TX
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.640%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,425
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 418
- **Dollar Volume:** $218 million
- **Applications Received:** 542
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $522,081
- **Average Borrower Income:** $213,270
- **Average Property Value:** $692,057

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Jumbo Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 372 | -0.628% | $1,152 | Strong 😀 |
| Jumbo | 71/100 | 46 | -0.736% | $3,656 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 308 loans, Score: 65/100 (Strong)
- Refinance: 64 loans, Score: 61/100 (Strong)

**Jumbo:**
- Purchase: 38 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 346 | $183M | -0.645% | Strong 😀 |
| Refinance | 59/100 | 72 | $35M | -0.614% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NM | 295 | 1.44% | 87/100 |
| CA | 100 | 0.04% | 60/100 |
| TX | 10 | 0.00% | 35/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Albuquerque, NM | NM | 270 | 89/100 |
| Oakland | CA | 60 | 67/100 |
| San Jose | CA | 23 | 54/100 |
| Non |  | 19 | 29/100 |

## Where This Lender Ranks

Sandia Laboratory Federal Credit Union appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in New Mexico for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥇 **#1** in Albuquerque, NM for Jumbo Loans
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Albuquerque, NM for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥈 **#2** in New Mexico Credit Unions
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in New Mexico for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥈 **#2** in Albuquerque, NM
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders)
- 🥈 **#2** in Albuquerque, NM Credit Unions
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Albuquerque, NM for Conventional Loans
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders/conventional-loans)
- 🥈 **#2** in Albuquerque, NM for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/albuquerque-nm/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in New Mexico
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders)
- 🥉 **#3** in New Mexico for Conventional Loans
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/conventional-loans)
- 🥉 **#3** in New Mexico for Jumbo Loans
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/jumbo-loans)
- 🥉 **#3** in Oakland Credit Unions
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders/credit-unions)
- 🥉 **#3** in Oakland for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#6** in Oakland for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🏆 **#11** in Oakland
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders)
- 🏆 **#11** in Oakland for Conventional Loans
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Sandia Laboratory Federal Credit Union offer?

Sandia Laboratory Federal Credit Union offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Sandia Laboratory Federal Credit Union offer mortgages?

Sandia Laboratory Federal Credit Union offers mortgages in 6 states: AZ, CA, CO, NM, NV, TX.

### How competitive are Sandia Laboratory Federal Credit Union's mortgage rates?

Sandia Laboratory Federal Credit Union has a pricing score of 74/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.640% below market average.

### What type of lender is Sandia Laboratory Federal Credit Union?

Sandia Laboratory Federal Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Albuquerque, NM.

### What is Sandia Laboratory Federal Credit Union's loan approval success rate?

Sandia Laboratory Federal Credit Union has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/sandia-laboratory-federal-credit-union

### How to Cite

> "Sandia Laboratory Federal Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/sandia-laboratory-federal-credit-union

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