Universal Federal Credit Union Mortgage Rates, Fees & Info

Huntington, WV

LEI: 54930007EJ1IS7U47Q27

Tax ID: 55-0364107

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Mortgage Data

Review & Overview

Universal Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Universal Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Huntington.

Universal Federal Credit Union has an above average approval rate when compared to the average across all lenders.

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Originations

15

Origination Dollar Volume (All Markets)

$1,665,000

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
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 15 $1,665,000 $111,000 $0 0.00%
Universal Federal Credit Union's top markets include and Huntington among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $1,665,000 $111,000 $0 0.00%

    For 2022, Universal Federal Credit Union's most frequently originated type of loan was Conventional, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 10 $920,000 $92,000 $0 0.00%
    Home Purchase 2 $470,000 $235,000 $0 0.00%
    Refi 2 $190,000 $95,000 $0 0.00%
    Home Improvement 1 $85,000 $85,000 $0 0.00%

    For 2022, Universal Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 10 originations. The 2nd most popular reason was Home Purchase, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 15 $1,665,000 $111,000 $0 0.00%

    For 2022, Universal Federal Credit Union's most frequently cited loan duration was Other, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 8 $520,000 $65,000 $0 0.00%
    $100k-200k 6 $870,000 $145,000 $0 0.00%
    $200k-400k 1 $275,000 $275,000 $0 0.00%

    2022 saw Universal Federal Credit Union place emphasis on $100,000 or less loans with 8 originations, totaling $520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5 $625,000 $125,000 $0 0.00%
    $50k-75k 4 $290,000 $72,500 $0 0.00%
    $50k or less 3 $265,000 $88,333 $0 0.00%
    $75k-100k 2 $410,000 $205,000 $0 0.00%
    $150k-250k 1 $75,000 $75,000 $0 0.00%

    Universal Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 15 $1,665,000 $111,000 $0 0.00%

    Universal Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 14 $1,470,000 $105,000 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Universal Federal 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
    Exempt 15 $1,665,000 $111,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15 $1,665,000 $111,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Over 100% 15 $1,665,000 $111,000 $0 0.00%