University Of Nebraska Federal Credit Union Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 254900SU3S0JP7BKS840

Tax ID: 47-0445638

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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

    University Of Nebraska Federal Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Improvement loans. University Of Nebraska Federal Credit Union has a high proportion of conventional loans. Their top two markets are Lincoln and Omaha .

    University Of Nebraska Federal Credit Union has an 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

    58

    Origination Dollar Volume (All Markets)

    $5,060,000

    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
    LINCOLN, NE (FHA|USDA|VA) 52 $4,520,000 $86,923 $266 3.82%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $370,000 $92,500 $272 3.68%
    Outside of Metro Areas 2 $170,000 $85,000 $246 3.25%
    University Of Nebraska Federal Credit Union's top markets include Lincoln and Omaha among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $5,060,000 $87,241 $265 3.79%

    For 2019, University Of Nebraska Federal Credit Union's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 24 $2,330,000 $97,083 $303 3.81%
    Refi 17 $1,515,000 $89,118 $212 3.68%
    Home Improvement 16 $1,180,000 $73,750 $274 3.94%
    Other 1 $35,000 $35,000 $120 2.99%

    For 2019, University Of Nebraska Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 32 $3,290,000 $102,813 $296 3.72%
    10 Year 19 $1,375,000 $72,368 $237 3.71%
    Other 5 $245,000 $49,000 $192 4.40%
    5 Year 2 $150,000 $75,000 $227 4.25%

    For 2019, University Of Nebraska Federal Credit Union's most frequently cited loan duration was 15 Year, with 32 originations. The 2nd most popular length was 10 Year, with 19 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 43 $3,875,000 $90,116
    4-5% 11 $1,045,000 $95,000
    2.5-3% 2 $80,000 $40,000
    5-6% 2 $60,000 $30,000

    During 2019, University Of Nebraska 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 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,455,000 $62,949 $201 3.80%
    $100k-200k 16 $1,910,000 $119,375 $253 3.79%
    $200k-400k 3 $695,000 $231,667 $1,166 3.67%

    2019 saw University Of Nebraska Federal Credit Union place emphasis on $100,000 or less loans with 39 originations, totaling $2,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 16 $1,400,000 $87,500 $229 3.78%
    $50k-75k 15 $1,065,000 $71,000 $221 3.73%
    $100k-150k 11 $885,000 $80,455 $199 3.95%
    $50k or less 9 $555,000 $61,667 $185 3.80%
    $150k-250k 6 $910,000 $151,667 $591 3.75%
    $250k+ 1 $245,000 $245,000 $1,009 3.25%

    University Of Nebraska Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 16 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 25 $1,995,000 $79,800 $256 3.75%
    20-30% 23 $2,175,000 $94,565 $297 3.75%
    30-36% 3 $295,000 $98,333 $274 3.75%
    42% 2 $140,000 $70,000 $163 3.99%
    45% 1 $95,000 $95,000 $4 3.95%
    49% 1 $105,000 $105,000 $240 4.75%
    36% 1 $65,000 $65,000 $254 3.75%
    39% 1 $125,000 $125,000 $234 4.25%
    43% 1 $65,000 $65,000 $275 3.99%

    University Of Nebraska Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 25 originations. The next most common DTI ratio? 20-30%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $4,440,000 $88,800 $275 3.79%
    Not provided 6 $420,000 $70,000 $192 3.70%
    Native Hawaiian or Islander 1 $105,000 $105,000 $234 4.50%
    Black 1 $95,000 $95,000 $254 3.50%

    Approval Rates

    Total approvals of all applications
    89.39%

    University Of Nebraska Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.28%

    University Of Nebraska Federal 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
    NA 58 $5,060,000 $87,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 58 $5,060,000 $87,241

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $935,000 $62,333 $199 3.71%
    40-60% 23 $2,025,000 $88,043 $224 3.63%
    60-80% 12 $1,620,000 $135,000 $446 3.79%
    80-100% 3 $355,000 $118,333 $241 4.08%
    Under 20% 5 $125,000 $25,000 $234 4.60%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Unifirst Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%