United Heritage Credit Union Mortgage Rates, Fees & Info

Austin, TX

LEI: 254900WAN5TOEYBJJR25

Tax ID: 74-1288659

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
  • Similar Lenders
  • 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 Heritage Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. United Heritage Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Austin, Tyler, and San Antonio among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Heritage Credit Union has an above average approval rate when compared to the average across all lenders. United Heritage Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.27% 12/16/24
    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

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

    This is not an official calculator from United Heritage 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

    16

    Origination Dollar Volume (All Markets)

    $5,400,000

    Awards

    United Heritage Credit Union 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 13 $5,075,000 $390,385 $4,415 3.18%
    TYLER, TX (FHA|USDA|VA) 1 $145,000 $145,000 $4,280 4.13%
    Outside of Metro Areas 1 $135,000 $135,000 $1,681 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $45,000 $45,000 $2,455 3.13%
    United Heritage Credit Union's top markets include Austin, Tyler, and San Antonio among others.

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

    • 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.

    United Heritage Credit Union
    Similarity Rank: 636
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1001
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1140
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 2080
    TEXANS
    Similarity Rank: 2091
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 2583
    FC LENDING, LTD.
    Similarity Rank: 2706
    ADVISA MORTGAGE SERVICES, LTD.
    Similarity Rank: 2715
    A+ Federal Credit Union
    Similarity Rank: 3030
    PRIORITY HOME MORTGAGE, L.P.
    Similarity Rank: 3072

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 16 $5,400,000 $337,500 $4,113 3.21%

    For 2021, United Heritage Credit Union's most frequently originated type of loan was Conventional, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 7 $2,345,000 $335,000 $4,521 3.27%
    Refi 5 $1,155,000 $231,000 $2,414 2.85%
    Home Purchase 4 $1,900,000 $475,000 $5,523 3.56%

    For 2021, United Heritage Credit Union's most frequently cited loan purpose was Cash Out Refi, with 7 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 12 $4,960,000 $413,333 $4,689 3.09%
    20 Year 3 $315,000 $105,000 $2,044 2.88%
    15 Year 1 $125,000 $125,000 $3,410 5.63%

    For 2021, United Heritage Credit Union's most frequently cited loan duration was 30 Year, with 12 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $5,255,000 $350,333
    $1k-2k 1 $145,000 $145,000

    United Heritage Credit Union's average total fees were $4,689, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 9 $3,465,000 $385,000
    3-4% 5 $1,665,000 $333,000
    4-5% 1 $145,000 $145,000
    5-6% 1 $125,000 $125,000

    During 2021, United Heritage Credit Union's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 9 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 5 $2,195,000 $439,000 $4,882 3.05%
    $100k-200k 4 $540,000 $135,000 $2,842 3.81%
    $600k-1MM 3 $2,035,000 $678,333 $6,796 3.00%
    $100,000 or less 2 $120,000 $60,000 $2,313 3.00%
    $200k-400k 2 $510,000 $255,000 $2,511 2.94%

    2021 saw United Heritage Credit Union place emphasis on $400k-600k loans with 5 originations, totaling $2,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4 $1,340,000 $335,000 $4,508 3.84%
    $100k-150k 3 $845,000 $281,667 $3,188 3.04%
    $250k+ 3 $1,805,000 $601,667 $5,618 2.92%
    $75k-100k 3 $415,000 $138,333 $2,135 2.75%
    $50k-75k 1 $145,000 $145,000 $4,280 4.13%

    United Heritage Credit Union lent most frequently to those with incomes in the $150k-250k range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $1,415,000 $471,667 $5,500 3.04%
    45% 2 $260,000 $130,000 $2,546 4.19%
    <20% 2 $1,100,000 $550,000 $4,611 2.88%
    38% 1 $145,000 $145,000 $4,280 4.13%
    39% 1 $405,000 $405,000 $5,095 3.13%
    41% 1 $135,000 $135,000 $1,997 2.75%
    43% 1 $445,000 $445,000 $5,926 2.63%
    44% 1 $205,000 $205,000 $2,553 2.63%
    48% 1 $305,000 $305,000 $2,470 3.25%
    >60% 1 $405,000 $405,000 $4,750 3.13%
    30-36% 1 $505,000 $505,000 $5,755 3.63%
    37% 1 $75,000 $75,000 $2,170 2.88%

    United Heritage Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 45%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 12 $3,970,000 $330,833 $3,831 3.15%
    Not provided 2 $780,000 $390,000 $4,901 2.94%
    American Indian 1 $505,000 $505,000 $5,755 3.63%
    Black 1 $145,000 $145,000 $4,280 4.13%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 16 $5,400,000 $337,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    16 $5,400,000 $337,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $825,000 $275,000 $4,086 3.00%
    40-60% 8 $2,730,000 $341,250 $3,770 3.17%
    60-80% 3 $1,315,000 $438,333 $4,964 2.75%
    80-100% 2 $530,000 $265,000 $4,253 4.38%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED MORTGAGE CORP Conventional home mortgage Trouble during payment process 1 33.3%
    UNITED MORTGAGE CORP VA mortgage Trouble during payment process 1 33.3%
    UNITED MORTGAGE CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%