United Bay Community Credit Union Mortgage Rates, Fees & Info
Bay City, MILEI: 25490029YJHFABABT680
Tax ID: 38-1395700
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Mortgage Data
Review & Overview
United Bay Community Credit Union is a smaller credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. United Bay Community Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bay City, Kalamazoo, Saginaw, Detroit, and Midland among others. We have data for 14 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 a below average pick rate when compared to similar lenders.
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Originations
461Origination Dollar Volume (All Markets)
$55,085,000Top 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) | 277 | $29,685,000 | $107,166 | $0 | 0.00% |
| Outside of Metro Areas | 92 | $10,960,000 | $119,130 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 38 | $5,640,000 | $148,421 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 18 | $2,410,000 | $133,889 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 11 | $2,185,000 | $198,636 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 12 | $1,710,000 | $142,500 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| Ludington, MI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Sturgis, MI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 457 | $54,675,000 | $119,639 | $0 | 0.00% |
| USDA | 4 | $410,000 | $102,500 | $0 | 0.00% |
For 2020, United Bay Community Credit Union's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2020, United Bay Community Credit Union's most frequently cited loan purpose was Refi, with 186 originations. The 2nd most popular reason was Cash Out Refi, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 461 | $55,085,000 | $119,490 | $0 | 0.00% |
For 2020, United Bay Community Credit Union's most frequently cited loan duration was Other, with 461 originations.
Loan Sizing
2020 saw United Bay Community Credit Union place emphasis on $100,000 or less loans with 209 originations, totaling $13,795,000 in origination value.
Applicant Income
United Bay Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 126 originations. The second most popular income band? $50k or less, with 118 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 461 | $55,085,000 | $119,490 | $0 | 0.00% |
United Bay Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 461 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.65%
United Bay Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination88.94%
United Bay Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 461 | $55,085,000 | $119,490 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $1,330,000 | $95,000 |
| Single Family (1-4 Units):Site-Built | 447 | $53,755,000 | $120,257 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Closing on a mortgage | 1 | 16.7% |
| UNITED COMMUNITY BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 16.7% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 3 | 50.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |