United Credit Union Mortgage Rates, Fees & Info

Mexico, MO

LEI: 5493000LMWUP8XI9UY21

Tax ID: 43-0300770

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. United Credit Union has an average proportion of conventional loans. Their top markets by origination volume include: Mexico, Jefferson City, Moberly, St. Louis, and Columbia 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. United Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    101

    Origination Dollar Volume (All Markets)

    $8,505,000

    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) 42 $3,410,000 $81,190 $1,431 4.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 16 $1,450,000 $90,625 $0 3.50%
    Outside of Metro Areas 13 $1,095,000 $84,231 $0 4.25%
    Moberly, MO (FHA|USDA|VA) 14 $1,060,000 $75,714 $0 3.25%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $715,000 $102,143 $890 5.25%
    COLUMBIA, MO (FHA|USDA|VA) 5 $565,000 $113,000 $0 0.00%
    Hannibal, MO (FHA|USDA|VA) 4 $210,000 $52,500 $0 0.00%
    United Credit Union's top markets include Mexico, Jefferson City, Moberly, St. Louis, and Columbia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 95 $7,805,000 $82,158 $0 0.00%
    Conventional 6 $700,000 $116,667 $1,160 4.04%

    For 2021, United Credit Union's most frequently originated type of loan was Conventional, with 95 originations. Their 2nd most popular type was Conventional, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 69 $5,685,000 $82,391 $890 4.75%
    Home Purchase 28 $2,700,000 $96,429 $1,431 3.33%
    Other 4 $120,000 $30,000 $0 0.00%

    For 2021, United Credit Union's most frequently cited loan purpose was Refi, with 69 originations. The 2nd most popular reason was Home Purchase, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 95 $7,805,000 $82,158 $0 0.00%
    30 Year 3 $405,000 $135,000 $1,160 4.25%
    15 Year 2 $120,000 $60,000 $0 4.13%
    20 Year 1 $175,000 $175,000 $0 3.25%

    For 2021, United Credit Union's most frequently cited loan duration was Other, with 95 originations. The 2nd most popular length was 30 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2 $300,000 $150,000

    United Credit Union's average total fees were $1,160, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3 $425,000 $141,667
    4-5% 2 $160,000 $80,000
    5-6% 1 $115,000 $115,000

    During 2021, United Credit Union's average interest rate for loans was 4.25%, while their most frequently originated rate bucket for loans was 3-4%, with 3 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $4,070,000 $56,528 $0 4.13%
    $100k-200k 23 $3,105,000 $135,000 $1,160 4.00%
    $200k-400k 6 $1,330,000 $221,667 $0 0.00%

    2021 saw United Credit Union place emphasis on $100,000 or less loans with 72 originations, totaling $4,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $2,490,000 $62,250 $890 4.44%
    $50k-75k 24 $1,810,000 $75,417 $0 0.00%
    $75k-100k 19 $2,095,000 $110,263 $1,431 3.25%
    $100k-150k 15 $1,805,000 $120,333 $0 3.25%
    $150k-250k 3 $305,000 $101,667 $0 0.00%

    United Credit Union lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 95 $7,805,000 $82,158 $0 0.00%
    30-36% 4 $520,000 $130,000 $1,431 3.88%
    20-30% 1 $65,000 $65,000 $0 3.50%
    37% 1 $115,000 $115,000 $890 5.25%

    United Credit Union lent most frequently to those with DTI ratios of Exempt%, with 95 originations. The next most common DTI ratio? 30-36%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $8,240,000 $85,833 $1,160 4.04%
    Black 2 $110,000 $55,000 $0 0.00%
    American Indian 2 $80,000 $40,000 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.95%

    United Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    51.49%

    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 $7,805,000 $82,158
    NA 6 $700,000 $116,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $8,505,000 $84,208

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $55,000 $55,000 $0 4.75%
    60-80% 3 $285,000 $95,000 $890 4.33%
    80-100% 2 $360,000 $180,000 $1,431 3.25%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
    UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%