United Bay Community Credit Union Mortgage Rates, Fees & Info
Bay City, MILEI: 25490029YJHFABABT680
Tax ID: 38-1395700
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
United Bay Community Credit Union is a smaller credit union specializing in Home Purchase loans. United Bay Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Bay City, Midland, Holland, Saginaw, and Kalamazoo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)United Bay Community Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
178Origination Dollar Volume (All Markets)
$15,520,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BAY CITY, MI (FHA|USDA|VA) | 119 | $10,545,000 | $88,613 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $2,425,000 | $78,226 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 16 | $1,440,000 | $90,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against United Bay Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $15,520,000 | $87,191 | $0 | 0.00% |
For 2024, United Bay Community Credit Union's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
For 2024, United Bay Community Credit Union's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Home Improvement, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $15,520,000 | $87,191 | $0 | 0.00% |
For 2024, United Bay Community Credit Union's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2024 saw United Bay Community Credit Union place emphasis on $100,000 or less loans with 120 originations, totaling $5,990,000 in origination value.
Applicant Income
United Bay Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $100k-150k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $15,520,000 | $87,191 | $0 | 0.00% |
United Bay Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.64%
United Bay Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination90.45%
United Bay Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $15,520,000 | $87,191 |