United Credit Union Mortgage Rates, Fees & Info
Mexico, MOLEI: 5493000LMWUP8XI9UY21
Tax ID: 43-0300770
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
United Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. United Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Mexico, Jefferson City, Moberly, Columbia, and St. Louis among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)United Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
48Origination Dollar Volume (All Markets)
$3,360,000Top 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 |
|---|---|---|---|---|---|
| Mexico, MO (FHA|USDA|VA) | 22 | $1,390,000 | $63,182 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $350,000 | $87,500 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $225,000 | $45,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 48 | $3,360,000 | $70,000 | $0 | 0.00% |
For 2023, United Credit Union's most frequently originated type of loan was Conventional, with 48 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 18 | $2,070,000 | $115,000 | $0 | 0.00% |
| Refi | 18 | $940,000 | $52,222 | $0 | 0.00% |
| Other | 12 | $350,000 | $29,167 | $0 | 0.00% |
For 2023, United Credit Union's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 48 | $3,360,000 | $70,000 | $0 | 0.00% |
For 2023, United Credit Union's most frequently cited loan duration was Other, with 48 originations.
Loan Sizing
2023 saw United Credit Union place emphasis on $100,000 or less loans with 42 originations, totaling $2,160,000 in origination value.
Applicant Income
United Credit Union lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 48 | $3,360,000 | $70,000 | $0 | 0.00% |
United Credit Union lent most frequently to those with DTI ratios of Exempt%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.07%
United Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination25.00%
United Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 48 | $3,360,000 | $70,000 |