# New Horizons Credit Union

> **Canonical URL:** https://saferate.com/lenders/new-horizons-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

New Horizons Credit Union is a credit union, headquartered in Mobile, AL, serving borrowers across 2 states, with 52 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 14% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 68% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 254900NCN3B66MYC3145
- **Headquarters:** Mobile, AL
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** AL, MS
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.780%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,436
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 52
- **Dollar Volume:** $13 million
- **Applications Received:** 82
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $257,692
- **Average Borrower Income:** $139,750

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 38/100 | 52 | -0.780% | $2,436 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 36 loans, Score: 34/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 31/100 | 36 | $10M | -0.905% | Acceptable 🙂 |
| Refinance | 40/100 | 16 | $4M | -0.591% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| AL | 51 | 0.09% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Mobile, AL | AL | 34 | 74/100 |
| Daphne | AL | 16 | 60/100 |

## Frequently Asked Questions

### What loan types does New Horizons Credit Union offer?

New Horizons Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does New Horizons Credit Union offer mortgages?

New Horizons Credit Union offers mortgages in 2 states: AL, MS.

### How competitive are New Horizons Credit Union's mortgage rates?

New Horizons Credit Union has a pricing score of 86/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.780% below market average.

### What type of lender is New Horizons Credit Union?

New Horizons Credit Union is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Mobile, AL.

### What is New Horizons Credit Union's loan approval success rate?

New Horizons Credit Union has a pull-through score of 32/100 (Acceptable). 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/new-horizons-credit-union

### How to Cite

> "New Horizons Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/new-horizons-credit-union

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