United Credit Union Mortgage Rates, Fees & Info
Mexico, MOLEI: 5493000LMWUP8XI9UY21
Tax ID: 43-0300770
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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, St. Louis, Jefferson City, Columbia, and Hannibal among others. We have data for 8 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
95Origination Dollar Volume (All Markets)
$6,945,000Top 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) | 49 | $2,895,000 | $59,082 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $1,225,000 | $72,059 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 8 | $910,000 | $113,750 | $0 | 0.00% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 7 | $845,000 | $120,714 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $0 | 0.00% |
| Hannibal, MO (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| Moberly, MO (FHA|USDA|VA) | 6 | $320,000 | $53,333 | $0 | 0.00% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $6,945,000 | $73,105 | $0 | 0.00% |
For 2019, United Credit Union's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2019, United Credit Union's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 95 | $6,945,000 | $73,105 | $0 | 0.00% |
For 2019, United Credit Union's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2019 saw United Credit Union place emphasis on $100,000 or less loans with 73 originations, totaling $3,555,000 in origination value.
Applicant Income
United Credit Union lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $50k or less, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $6,945,000 | $73,105 | $0 | 0.00% |
United Credit Union lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 89 | $6,535,000 | $73,427 | $0 | 0.00% |
| Not provided | 4 | $320,000 | $80,000 | $0 | 0.00% |
| Black | 2 | $90,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications70.04%
United Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination69.47%
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 | 95 | $6,945,000 | $73,105 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 11 | $735,000 | $66,818 |
| Single Family (1-4 Units):Site-Built | 84 | $6,210,000 | $73,929 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED GUARANTY CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| UNITED GUARANTY CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |