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 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
15Origination Dollar Volume (All Markets)
$1,665,000Top 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) | 15 | $1,665,000 | $111,000 | $0 | 0.00% |
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
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 15 | $1,665,000 | $111,000 |