United Credit Union Mortgage Rates, Fees & Info
Mexico, MOLEI: 5493000LMWUP8XI9UY21
Tax ID: 43-0300770
Latest/2024 | 2023 Data | 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 Refi and Home Purchase loans. United Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Mexico, Columbia, Jefferson City, St. Louis, and Moberly among others. We have data for 6 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
28Origination Dollar Volume (All Markets)
$2,680,000Top 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) | 11 | $1,045,000 | $95,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $460,000 | $76,667 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 6 | $380,000 | $63,333 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 28 | $2,680,000 | $95,714 | $0 | 0.00% |
For 2024, United Credit Union's most frequently originated type of loan was Conventional, with 28 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 19 | $1,255,000 | $66,053 | $0 | 0.00% |
| Home Purchase | 7 | $1,345,000 | $192,143 | $0 | 0.00% |
| Other | 2 | $80,000 | $40,000 | $0 | 0.00% |
For 2024, United Credit Union's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 28 | $2,680,000 | $95,714 | $0 | 0.00% |
For 2024, United Credit Union's most frequently cited loan duration was Other, with 28 originations.
Loan Sizing
2024 saw United Credit Union place emphasis on $100,000 or less loans with 20 originations, totaling $890,000 in origination value.
Applicant Income
United Credit Union lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 28 | $2,680,000 | $95,714 | $0 | 0.00% |
United Credit Union lent most frequently to those with DTI ratios of Exempt%, with 28 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 26 | $2,600,000 | $100,000 | $0 | 0.00% |
| Not provided | 2 | $80,000 | $40,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications76.07%
United Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination10.71%
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 | 28 | $2,680,000 | $95,714 |