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

Jump to:

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 and Other loans. Unity Catholic Fcu has a high proportion of conventional loans. Their top (well, only) market is Cleveland.

    Unity Catholic Fcu 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    23

    Origination Dollar Volume (All Markets)

    $895,000

    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) 23 $895,000 $38,913 $392 4.33%
    Unity Catholic Fcu's top markets include and Cleveland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 23 $895,000 $38,913 $392 4.33%

    For 2019, Unity Catholic Fcu's most frequently originated type of loan was Conventional, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 10 $270,000 $27,000 $407 4.23%
    Other 8 $350,000 $43,750 $383 4.03%
    Refi 3 $155,000 $51,667 $336 5.58%
    Home Purchase 1 $85,000 $85,000 $537 4.00%
    Cash Out Refi 1 $35,000 $35,000 $322 4.25%

    For 2019, Unity Catholic Fcu's most frequently cited loan purpose was Home Improvement, with 10 originations. The 2nd most popular reason was Other, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 10 $430,000 $43,000 $357 4.40%
    15 Year 6 $270,000 $45,000 $408 5.00%
    5 Year 6 $160,000 $26,667 $440 3.63%
    3 Year 1 $35,000 $35,000 $322 3.75%

    For 2019, Unity Catholic Fcu's most frequently cited loan duration was 10 Year, with 10 originations. The 2nd most popular length was 15 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 21 $805,000 $38,333

    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 21 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 14 $550,000 $39,286
    4-5% 5 $175,000 $35,000
    5-6% 3 $105,000 $35,000
    7-8% 1 $65,000 $65,000

    During 2019, Unity Catholic Fcu's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $895,000 $38,913 $392 4.33%

    2019 saw Unity Catholic Fcu place emphasis on $100,000 or less loans with 23 originations, totaling $895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $315,000 $45,000 $450 4.21%
    $50k or less 6 $200,000 $33,333 $361 4.46%
    $50k-75k 4 $180,000 $45,000 $376 4.56%
    $75k-100k 3 $85,000 $28,333 $322 4.08%
    $150k-250k 2 $80,000 $40,000 $537 4.50%
    $250k+ 1 $35,000 $35,000 $322 3.75%

    Unity Catholic Fcu lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 7 $205,000 $29,286 $408 4.57%
    50-60% 6 $260,000 $43,333 $404 4.25%
    <20% 4 $170,000 $42,500 $430 3.88%
    >60% 2 $60,000 $30,000 $322 4.00%
    39% 1 $55,000 $55,000 $0 4.50%
    45% 1 $35,000 $35,000 $322 5.00%
    37% 1 $55,000 $55,000 $316 3.75%
    30-36% 1 $55,000 $55,000 $0 5.25%

    Unity Catholic Fcu lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 50-60%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $895,000 $38,913 $392 4.33%

    Approval Rates

    Total approvals of all applications
    96.43%

    Unity Catholic Fcu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.61%

    Unity Catholic Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 23 $895,000 $38,913

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 23 $895,000 $38,913

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $385,000 $55,000 $362 4.75%
    40-60% 2 $150,000 $75,000 $537 4.13%
    Under 20% 13 $325,000 $25,000 $403 4.17%