United Heritage Credit Union Mortgage Rates, Fees & Info
Austin, TXLEI: 254900WAN5TOEYBJJR25
Tax ID: 74-1288659
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Mortgage Data
Review & Overview
United Heritage Credit Union is a smaller credit union specializing in Home Improvement and Other loans. Their top markets by origination volume include: Austin, Tyler, Dallas, Houston, and San Antonio among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)United Heritage Credit Union has a below 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 4/18/24 |
| 30 Year Conventional Refi | 6.27% | 4/18/24 |
| 30 Year Cash-out Refi | 6.27% | 4/18/24 |
| 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 Heritage Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
330Origination Dollar Volume (All Markets)
$39,590,000Top 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 |
|---|---|---|---|---|---|
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 250 | $32,000,000 | $128,000 | $0 | 8.43% |
| TYLER, TX (FHA|USDA|VA) | 22 | $1,960,000 | $89,091 | $0 | 8.56% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 16 | $1,790,000 | $111,875 | $0 | 8.58% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 9 | $955,000 | $106,111 | $0 | 8.52% |
| Outside of Metro Areas | 8 | $850,000 | $106,250 | $0 | 8.70% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $0 | 8.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 5 | $335,000 | $67,000 | $0 | 8.51% |
| Jacksonville, TX (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 8.70% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 8.62% |
| Athens, TX (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 8.23% |
| VICTORIA, TX (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 8.20% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 8.00% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.95% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.95% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.95% |
Similar Lenders
We use machine learning to identify the top lenders compared against United Heritage Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 330 | $39,590,000 | $119,970 | n/a | 8.45% |
For 2023, United Heritage Credit Union's most frequently originated type of loan was HELOC, with 330 originations.
Loan Reason
For 2023, United Heritage Credit Union's most frequently cited loan purpose was Home Improvement, with 173 originations. The 2nd most popular reason was Other, with 117 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 327 | $39,045,000 | $119,404 | $0 | 8.45% |
| Other | 3 | $545,000 | $181,667 | $0 | 8.00% |
For 2023, United Heritage Credit Union's most frequently cited loan duration was 20 Year, with 327 originations. The 2nd most popular length was Other, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 261 | $31,435,000 | $120,441 |
| 7-8% | 69 | $8,155,000 | $118,188 |
During 2023, United Heritage Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 261 originations.
Loan Sizing
2023 saw United Heritage Credit Union place emphasis on $100k-200k loans with 174 originations, totaling $27,780,000 in origination value.
Applicant Income
United Heritage Credit Union lent most frequently to those with incomes in the $100k-150k range, with 90 originations. The second most popular income band? $150k-250k, with 87 originations.
Applicant Debt to Income Ratio
United Heritage Credit Union lent most frequently to those with DTI ratios of 44%, with 68 originations. The next most common DTI ratio? 20-30%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.67%
United Heritage Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination85.76%
United Heritage Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 326 | $38,930,000 | $119,417 |
| NA | 4 | $660,000 | $165,000 |