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 Purchase loans. United Heritage Credit Union has a high proportion of conventional loans. Their top (well, only) market is Austin.United Heritage Credit Union has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 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
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
14Origination Dollar Volume (All Markets)
$2,700,000Top 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) | 14 | $2,700,000 | $192,857 | $1,869 | 5.71% |
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 |
|---|---|---|---|---|---|
| Conventional | 14 | $2,700,000 | $192,857 | $1,869 | 5.71% |
For 2018, United Heritage Credit Union's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 14 | $2,700,000 | $192,857 | $1,869 | 5.71% |
For 2018, United Heritage Credit Union's most frequently cited loan purpose was Home Purchase, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 14 | $2,700,000 | $192,857 | $1,869 | 5.71% |
For 2018, United Heritage Credit Union's most frequently cited loan duration was 15 Year, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 13 | $2,365,000 | $181,923 |
| $2k-3k | 1 | $335,000 | $335,000 |
United Heritage 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 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 9 | $1,945,000 | $216,111 |
| 6-7% | 5 | $755,000 | $151,000 |
During 2018, United Heritage Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 9 originations.
Loan Sizing
2018 saw United Heritage Credit Union place emphasis on $200k-400k loans with 7 originations, totaling $1,775,000 in origination value.
Applicant Income
United Heritage Credit Union lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
United Heritage Credit Union lent most frequently to those with DTI ratios of 42%, with 4 originations. The next most common DTI ratio? 44%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 11 | $2,105,000 | $191,364 | $1,867 | 5.70% |
| Not provided | 3 | $595,000 | $198,333 | $1,874 | 5.75% |
Approval Rates
Total approvals of all applications100.00%
United Heritage 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 14 | $2,700,000 | $192,857 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 14 | $2,700,000 | $192,857 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 10 | $2,270,000 | $227,000 | $2,007 | 5.60% |
| Under 20% | 4 | $430,000 | $107,500 | $1,524 | 6.00% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED MORTGAGE CORP | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| UNITED MORTGAGE CORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| UNITED MORTGAGE CORP | FHA mortgage | Struggling to pay mortgage | 1 | 33.3% |