United Bay Community Credit Union Mortgage Rates, Fees & Info

Bay City, MI

LEI: 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 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, Midland, and Battle Creek among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

United Bay Community Credit Union has an 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

163

Origination Dollar Volume (All Markets)

$15,785,000

Top 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) 107 $9,235,000 $86,308 $0 0.00%
Outside of Metro Areas 28 $2,960,000 $105,714 $0 0.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 8 $820,000 $102,500 $0 0.00%
SAGINAW, MI (FHA|USDA|VA) 7 $665,000 $95,000 $0 0.00%
MIDLAND, MI (FHA|USDA|VA) 5 $635,000 $127,000 $0 0.00%
BATTLE CREEK, MI (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
Holland, MI (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Traverse City, MI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Marquette, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
FLINT, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
United Bay Community Credit Union's top markets include Bay City, Kalamazoo, Saginaw, Midland, and Battle Creek among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $15,680,000 $96,790 $0 0.00%
    USDA 1 $105,000 $105,000 $0 0.00%

    For 2022, United Bay Community Credit Union's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $9,260,000 $140,303 $0 0.00%
    Cash Out Refi 37 $3,135,000 $84,730 $0 0.00%
    Home Improvement 30 $1,680,000 $56,000 $0 0.00%
    Other 18 $950,000 $52,778 $0 0.00%
    Refi 12 $760,000 $63,333 $0 0.00%

    For 2022, United Bay Community Credit Union's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 163 $15,785,000 $96,840 $0 0.00%

    For 2022, United Bay Community Credit Union's most frequently cited loan duration was Other, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $5,310,000 $54,184 $0 0.00%
    $100k-200k 50 $6,780,000 $135,600 $0 0.00%
    $200k-400k 15 $3,695,000 $246,333 $0 0.00%

    2022 saw United Bay Community Credit Union place emphasis on $100,000 or less loans with 98 originations, totaling $5,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 53 $3,625,000 $68,396 $0 0.00%
    $50k-75k 43 $4,115,000 $95,698 $0 0.00%
    $75k-100k 31 $3,545,000 $114,355 $0 0.00%
    $100k-150k 30 $3,360,000 $112,000 $0 0.00%
    $150k-250k 4 $730,000 $182,500 $0 0.00%
    $250k+ 2 $410,000 $205,000 $0 0.00%

    United Bay Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 53 originations. The second most popular income band? $50k-75k, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 163 $15,785,000 $96,840 $0 0.00%

    United Bay Community Credit Union lent most frequently to those with DTI ratios of Exempt%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $14,470,000 $95,197 $0 0.00%
    Not provided 7 $795,000 $113,571 $0 0.00%
    American Indian 2 $430,000 $215,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.42%

    United Bay Community Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.75%

    United Bay Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 163 $15,785,000 $96,840

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    163 $15,785,000 $96,840

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 100.0%