United Savings Credit Union Mortgage Rates, Fees & Info
Fargo, NDLEI: 254900KXZAKB1OOSHH21
Tax ID: 45-0226667
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Mortgage Data
Review & Overview
United Savings Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. United Savings Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fargo, Fergus Falls, and Grand Forks among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)United Savings Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
41Origination Dollar Volume (All Markets)
$4,265,000Top 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 |
|---|---|---|---|---|---|
| FARGO, ND-MN (FHA|USDA|VA) | 27 | $2,985,000 | $110,556 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $660,000 | $82,500 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $4,265,000 | $104,024 | $0 | 0.00% |
For 2019, United Savings Credit Union's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2019, United Savings Credit Union's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $4,265,000 | $104,024 | $0 | 0.00% |
For 2019, United Savings Credit Union's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2019 saw United Savings Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,395,000 in origination value.
Applicant Income
United Savings Credit Union lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $4,265,000 | $104,024 | $0 | 0.00% |
United Savings Credit Union lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.74%
United Savings Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.12%
United Savings Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $4,265,000 | $104,024 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $160,000 | $80,000 |
| Single Family (1-4 Units):Site-Built | 39 | $4,105,000 | $105,256 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED GUARANTY CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
| UNITED GUARANTY CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |