United Community Credit Union Mortgage Rates, Fees & Info

Houston, TX

LEI: 254900RW4F62S7FHDV91

Tax ID: 74-1154065

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Mortgage Data

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% 10/29/24
15 Year Cash-out Refi 11.59% 10/29/24
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

46

Origination Dollar Volume (All Markets)

$4,420,000

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) 45 $4,325,000 $96,111 $1,433 5.62%
Outside of Metro Areas 1 $95,000 $95,000 $1,901 5.44%
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 46 $4,420,000 $96,087 $1,443 5.62%

    For 2022, United Community Credit Union's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 45 $4,315,000 $95,889 $1,431 5.60%
    Other 1 $105,000 $105,000 $1,968 6.44%

    For 2022, United Community Credit Union's most frequently cited loan purpose was Refi, with 45 originations. The 2nd most popular reason was Other, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 18 $1,890,000 $105,000 $1,499 5.67%
    20 Year 14 $1,900,000 $135,714 $2,070 5.44%
    10 Year 9 $475,000 $52,778 $864 5.55%
    5 Year 5 $155,000 $31,000 $528 6.06%

    For 2022, United Community Credit Union's most frequently cited loan duration was 15 Year, with 18 originations. The 2nd most popular length was 20 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 26 $3,130,000 $120,385
    $<1k 17 $745,000 $43,824
    $2k-3k 3 $545,000 $181,667

    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-2k bucket, with 26 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 17 $1,915,000 $112,647
    5-6% 14 $1,060,000 $75,714
    6-7% 10 $970,000 $97,000
    7-8% 3 $185,000 $61,667
    3-4% 1 $155,000 $155,000
    Over 8% 1 $135,000 $135,000

    During 2022, United Community Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 23 $1,255,000 $54,565 $899 5.62%
    $100k-200k 23 $3,165,000 $137,609 $1,987 5.62%

    2022 saw United Community Credit Union place emphasis on $100,000 or less loans with 23 originations, totaling $1,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,220,000 $87,143 $1,410 5.41%
    $50k-75k 10 $1,060,000 $106,000 $1,531 5.36%
    $75k-100k 8 $670,000 $83,750 $1,276 6.12%
    $150k-250k 7 $835,000 $119,286 $1,664 6.19%
    $100k-150k 6 $550,000 $91,667 $1,369 5.24%

    United Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $50k-75k, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $3,775,000 $96,795 $1,448 5.66%
    Black 5 $545,000 $109,000 $1,635 5.54%
    Not provided 1 $55,000 $55,000 $905 4.39%
    Other Asian 1 $45,000 $45,000 $825 5.69%

    Approval Rates

    Total approvals of all applications
    92.96%

    United Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.52%

    United Community Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 46 $4,420,000 $96,087

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $4,420,000 $96,087

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $660,000 $66,000 $1,064 5.51%
    40-60% 6 $600,000 $100,000 $1,634 5.06%
    60-80% 14 $1,850,000 $132,143 $1,859 5.68%
    80-100% 7 $895,000 $127,857 $1,772 5.71%
    Under 20% 6 $170,000 $28,333 $539 6.45%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Conventional home mortgage Closing on a mortgage 1 100.0%