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 Cash Out Refi, 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, Saginaw, Kalamazoo, Holland, and Detroit among others. We have data for 15 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
280Origination Dollar Volume (All Markets)
$31,050,000Top 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) | 185 | $17,595,000 | $95,108 | $0 | 0.00% |
| Outside of Metro Areas | 53 | $6,085,000 | $114,811 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 13 | $1,975,000 | $151,923 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 8 | $1,750,000 | $218,750 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 4 | $620,000 | $155,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MONROE, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Houghton, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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 | 279 | $30,965,000 | $110,986 | $0 | 0.00% |
| USDA | 1 | $85,000 | $85,000 | $0 | 0.00% |
For 2021, United Bay Community Credit Union's most frequently originated type of loan was Conventional, with 279 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2021, United Bay Community Credit Union's most frequently cited loan purpose was Cash Out Refi, with 81 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 280 | $31,050,000 | $110,893 | $0 | 0.00% |
For 2021, United Bay Community Credit Union's most frequently cited loan duration was Other, with 280 originations.
Loan Sizing
2021 saw United Bay Community Credit Union place emphasis on $100,000 or less loans with 151 originations, totaling $9,235,000 in origination value.
Applicant Income
United Bay Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 84 originations. The second most popular income band? $50k-75k, with 80 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 280 | $31,050,000 | $110,893 | $0 | 0.00% |
United Bay Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 280 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.40%
United Bay Community Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination86.43%
United Bay Community Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 280 | $31,050,000 | $110,893 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |