United Community Federal Credit Union Mortgage Rates, Fees & Info
West Mifflin, PALEI: 254900JSR03JVTTZ6039
Tax ID: 25-1024575
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Mortgage Data
Review & Overview
United Community Federal Credit Union is a smaller credit union specializing in Home Improvement and Other loans. United Community Federal Credit Union has a high proportion of conventional loans. Their top two markets are Pittsburgh and Johnstown .United Community Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 15 Year Conventional Refi | 5.85% | 12/17/24 |
| 15 Year Cash-out Refi | 5.85% | 12/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
United Community Federal Credit Union Mortgage Calculator
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Originations
64Origination Dollar Volume (All Markets)
$2,600,000Top 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 |
|---|---|---|---|---|---|
| PITTSBURGH, PA (FHA|USDA|VA) | 63 | $2,575,000 | $40,873 | $0 | 4.14% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.25% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $2,600,000 | $40,625 | $0 | 4.14% |
For 2019, United Community Federal Credit Union's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2019, United Community Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 29 originations. The 2nd most popular reason was Other, with 27 originations.
Loan Duration/Length
For 2019, United Community Federal Credit Union's most frequently cited loan duration was Other, with 22 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 62 | $2,470,000 | $39,839 |
| $1k-2k | 1 | $75,000 | $75,000 |
United Community Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 62 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 33 | $1,015,000 | $30,758 |
| 4-5% | 19 | $1,015,000 | $53,421 |
| 5-6% | 9 | $395,000 | $43,889 |
| 2.5-3% | 2 | $110,000 | $55,000 |
| 6-7% | 1 | $65,000 | $65,000 |
During 2019, United Community Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 33 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 61 | $2,255,000 | $36,967 | $0 | 4.13% |
| $100k-200k | 3 | $345,000 | $115,000 | $0 | 4.42% |
2019 saw United Community Federal Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $2,255,000 in origination value.
Applicant Income
United Community Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
United Community Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 27 originations. The next most common DTI ratio? 20-30%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 64 | $2,600,000 | $40,625 | $0 | 4.14% |
Approval Rates
Total approvals of all applications84.34%
United Community Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination90.63%
United Community Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 64 | $2,600,000 | $40,625 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 64 | $2,600,000 | $40,625 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |