Unity Catholic Fcu Mortgage Rates, Fees & Info

Parma, OH

LEI: 254900II3J6G6WWO1O83

Tax ID: 34-0752159

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Unity Catholic Fcu is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Unity Catholic Fcu has a high proportion of conventional loans. Their top two markets are Cleveland and Wooster .

    Unity Catholic Fcu 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

    11

    Origination Dollar Volume (All Markets)

    $405,000

    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
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $370,000 $37,000 $322 4.83%
    Wooster, OH (FHA|USDA|VA) 1 $35,000 $35,000 $322 4.25%
    Unity Catholic Fcu's top markets include Cleveland and Wooster among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 11 $405,000 $36,818 $322 4.77%

    For 2018, Unity Catholic Fcu's most frequently originated type of loan was Conventional, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 4 $150,000 $37,500 $322 4.56%
    Other 4 $140,000 $35,000 $322 5.06%
    Refi 2 $90,000 $45,000 $322 4.63%
    Cash Out Refi 1 $25,000 $25,000 $322 4.75%

    For 2018, Unity Catholic Fcu's most frequently cited loan purpose was Home Improvement, with 4 originations. The 2nd most popular reason was Other, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 5 $145,000 $29,000 $322 4.40%
    15 Year 5 $225,000 $45,000 $322 5.30%
    5 Year 1 $35,000 $35,000 $322 4.00%

    For 2018, Unity Catholic Fcu's most frequently cited loan duration was 10 Year, with 5 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11 $405,000 $36,818

    Unity Catholic Fcu's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 7 $225,000 $32,143
    5-6% 3 $145,000 $48,333
    3-4% 1 $35,000 $35,000

    During 2018, Unity Catholic Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 7 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $405,000 $36,818 $322 4.77%

    2018 saw Unity Catholic Fcu place emphasis on $100,000 or less loans with 11 originations, totaling $405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 4 $150,000 $37,500 $322 4.81%
    $50k or less 4 $130,000 $32,500 $322 4.81%
    $150k-250k 2 $70,000 $35,000 $322 4.13%
    $100k-150k 1 $55,000 $55,000 $322 5.75%

    Unity Catholic Fcu lent most frequently to those with incomes in the $50k-75k range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    44% 2 $90,000 $45,000 $322 5.00%
    30-36% 2 $90,000 $45,000 $322 4.50%
    >60% 2 $40,000 $20,000 $322 4.50%
    20-30% 2 $60,000 $30,000 $322 4.50%
    39% 1 $55,000 $55,000 $322 5.25%
    <20% 1 $35,000 $35,000 $322 5.75%
    50-60% 1 $35,000 $35,000 $322 4.50%

    Unity Catholic Fcu lent most frequently to those with DTI ratios of 44%, with 2 originations. The next most common DTI ratio? 30-36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11 $405,000 $36,818 $322 4.77%

    Approval Rates

    Total approvals of all applications
    87.50%

    Unity Catholic Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.73%

    Unity Catholic Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 11 $405,000 $36,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 11 $405,000 $36,818

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $160,000 $40,000 $322 5.13%
    Under 20% 7 $245,000 $35,000 $322 4.57%