Universal Federal Credit Union Mortgage Rates, Fees & Info
Huntington, WVLEI: 54930007EJ1IS7U47Q27
Tax ID: 55-0364107
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Universal Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Universal Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Charleston, and Point Pleasant among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Universal Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
24Origination Dollar Volume (All Markets)
$2,560,000Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 22 | $2,390,000 | $108,636 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $2,560,000 | $106,667 | $0 | 0.00% |
For 2021, Universal Federal Credit Union's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2021, Universal Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 12 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $2,560,000 | $106,667 | $0 | 0.00% |
For 2021, Universal Federal Credit Union's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2021 saw Universal Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $855,000 in origination value.
Applicant Income
Universal Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $2,560,000 | $106,667 | $0 | 0.00% |
Universal Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $2,365,000 | $112,619 | $0 | 0.00% |
| Black | 3 | $195,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.31%
Universal Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $2,560,000 | $106,667 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |