United Community Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 254900RW4F62S7FHDV91

Tax ID: 74-1154065

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    United Community Credit Union is a smaller credit union specializing in Refi loans. United Community Credit Union has a high proportion of conventional loans. Their top (well, only) market is Houston.

    United Community Credit Union 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    15 Year Conventional Refi 11.59% 11/23/24
    15 Year Cash-out Refi 11.59% 11/23/24
    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 Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from United Community Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    48

    Origination Dollar Volume (All Markets)

    $4,070,000

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 46 $3,940,000 $85,652 $1,182 4.60%
    Outside of Metro Areas 2 $130,000 $65,000 $971 4.50%
    United Community Credit Union's top markets include and Houston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $4,070,000 $84,792 $1,173 4.60%

    For 2021, United Community Credit Union's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 40 $3,470,000 $86,750 $1,199 4.67%
    Home Improvement 4 $380,000 $95,000 $1,283 3.88%
    Cash Out Refi 4 $220,000 $55,000 $799 4.63%

    For 2021, United Community Credit Union's most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Improvement, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 21 $1,935,000 $92,143 $1,285 4.43%
    10 Year 15 $855,000 $57,000 $818 4.63%
    20 Year 9 $1,215,000 $135,000 $1,763 4.50%
    5 Year 3 $65,000 $21,667 $394 5.94%

    For 2021, United Community Credit Union's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was 10 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 29 $1,635,000 $56,379
    $1k-2k 17 $2,065,000 $121,471
    $2k-3k 2 $370,000 $185,000

    United Community 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 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $2,140,000 $97,273
    4-5% 14 $1,040,000 $74,286
    5-6% 6 $370,000 $61,667
    6-7% 2 $200,000 $100,000
    7-8% 2 $150,000 $75,000
    Over 8% 2 $170,000 $85,000

    During 2021, United Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $2,100,000 $61,765 $882 4.64%
    $100k-200k 14 $1,970,000 $140,714 $1,878 4.51%

    2021 saw United Community Credit Union place emphasis on $100,000 or less loans with 34 originations, totaling $2,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $1,155,000 $77,000 $1,015 4.52%
    $75k-100k 12 $1,010,000 $84,167 $1,304 4.48%
    $150k-250k 8 $840,000 $105,000 $1,373 5.46%
    $50k or less 7 $445,000 $63,571 $830 4.68%
    $100k-150k 5 $555,000 $111,000 $1,421 3.81%

    United Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $75k-100k, with 12 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $3,845,000 $85,444 $1,185 4.53%
    Black 3 $225,000 $75,000 $992 5.62%

    Approval Rates

    Total approvals of all applications
    93.65%

    United Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.08%

    United Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $4,070,000 $84,792

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $4,070,000 $84,792

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $390,000 $48,750 $711 4.54%
    40-60% 8 $590,000 $73,750 $1,132 3.95%
    60-80% 14 $1,420,000 $101,429 $1,320 4.44%
    80-100% 7 $755,000 $107,857 $1,493 5.14%
    Under 20% 3 $105,000 $35,000 $538 5.01%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%