United Credit Union Mortgage Rates, Fees & Info

Mexico, MO

LEI: 5493000LMWUP8XI9UY21

Tax ID: 43-0300770

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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

48

Origination Dollar Volume (All Markets)

$3,360,000

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
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%
United Credit Union's top markets include Mexico, Jefferson City, Moberly, Columbia, and St. Louis among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,160,000 $51,429 $0 0.00%
    $100k-200k 3 $445,000 $148,333 $0 0.00%
    $200k-400k 3 $755,000 $251,667 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 16 $910,000 $56,875 $0 0.00%
    $50k or less 11 $625,000 $56,818 $0 0.00%
    $100k-150k 8 $740,000 $92,500 $0 0.00%
    $75k-100k 7 $425,000 $60,714 $0 0.00%
    $150k-250k 6 $660,000 $110,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 42 $3,100,000 $73,810 $0 0.00%
    Not provided 4 $180,000 $45,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.07%

    United Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    25.00%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $3,360,000 $70,000