Universal Lending Corporation Mortgage Rates, Fees & Info

Littleton, CO

LEI: 5493000OIGWIS24A1547

Tax ID: 84-0849361

5 stars - Updated: 4/5/25 - out of 5 stars, based on 8 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Universal Lending Corporation is a smaller mortgage company specializing in Home Purchase loans. Universal Lending Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. Their top markets by origination volume include: Phoenix, Portland, Denver, Sacramento, and Los Angeles among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Universal Lending Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Universal Lending Corporation is typically an average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.03% 4/5/25
    30 Year Conventional Refi 6.72% 4/5/25
    30 Year FHA Purchase 6.39% 4/5/25
    30 Year VA Purchase 5.92% 4/5/25
    15 Year Conventional Purchase 5.84% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Universal Lending Corporation Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Universal Lending Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    70

    Origination Dollar Volume (All Markets)

    $33,300,000

    Awards

    UNIVERSAL LENDING CORPORATION FHA Loans bronze UNIVERSAL LENDING CORPORATION 30 Year Conventional Loans gold UNIVERSAL LENDING CORPORATION 30 Year Conventional Loans gold UNIVERSAL LENDING CORPORATION FHA Loans gold
    Show all (4) awards

    Relative Rate

    Universal Lending Corporation's average 30 year fixed mortgage rate was 5.56%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.99%.

    Relative Fees (Closing Costs)

    Universal Lending Corporation's average total fees/closing costs for a 30 year fixed rate mortgage were $10,091.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 26 $9,100,000 $350,000 $8,906 5.23%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 17 $8,935,000 $525,588 $10,482 6.04%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $5,365,000 $596,111 $12,238 5.41%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $4,415,000 $630,714 $5,693 6.14%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $3,025,000 $605,000 $11,556 5.07%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,395,000 $465,000 $9,893 5.29%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $640,000 $320,000 $10,138 4.99%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $19,307 5.88%
    Universal Lending Corporation's top markets include Phoenix, Portland, Denver, Sacramento, and Los Angeles among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against UNIVERSAL LENDING CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Farmers State Bank
    Similarity Rank: 35
    SunWest Credit Union
    Similarity Rank: 64
    Fidelity Bank & Trust
    Similarity Rank: 72
    LINN AREA
    Similarity Rank: 84
    Grand Valley Bank
    Similarity Rank: 105
    Bankers Trust Company
    Similarity Rank: 140
    Hills Bank and Trust Company
    Similarity Rank: 143
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 186
    COLORAMO
    Similarity Rank: 195
    Collins Community Credit Union
    Similarity Rank: 234

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $18,195,000 $466,538 $7,753 5.50%
    FHA 23 $10,765,000 $468,043 $15,175 5.62%
    VA 8 $4,340,000 $542,500 $4,081 5.47%

    For 2024, Universal Lending Corporation's most frequently originated type of loan was Conventional, with 39 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $33,300,000 $475,714 $9,885 5.54%

    For 2024, Universal Lending Corporation's most frequently cited loan purpose was Home Purchase, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 67 $32,265,000 $481,567 $10,091 5.56%
    15 Year 3 $1,035,000 $345,000 $5,417 4.96%

    For 2024, Universal Lending Corporation's most frequently cited loan duration was 30 Year, with 67 originations. The 2nd most popular length was 15 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 24 $10,490,000 $437,083
    $5k+ 18 $9,160,000 $508,889
    $2k-3k 9 $4,755,000 $528,333
    $3k-4k 5 $2,375,000 $475,000
    $4k-5k 4 $2,400,000 $600,000

    Universal Lending Corporation's average total fees were $10,091, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 24 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 29 $14,715,000 $507,414
    4-5% 18 $8,000,000 $444,444
    6-7% 15 $7,355,000 $490,333
    7-8% 5 $2,905,000 $581,000
    <2.5% 2 $30,000 $15,000
    3-4% 1 $295,000 $295,000

    During 2024, Universal Lending Corporation's average interest rate for loans was 5.56%, while their most frequently originated rate bucket for loans was 5-6%, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 33 $16,325,000 $494,697 $9,382 5.68%
    $200k-400k 22 $7,580,000 $344,545 $9,980 5.66%
    $600k-1MM 12 $8,230,000 $685,833 $12,709 5.84%
    $100,000 or less 2 $30,000 $15,000 $250 0.00%
    $1MM+ 1 $1,135,000 $1,135,000 $0 5.50%

    2024 saw Universal Lending Corporation place emphasis on $400k-600k loans with 33 originations, totaling $16,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $12,030,000 $429,643 $10,415 5.31%
    $150k-250k 19 $11,185,000 $588,684 $10,378 5.72%
    $75k-100k 16 $6,320,000 $395,000 $9,596 5.69%
    $250k+ 6 $3,520,000 $586,667 $7,669 5.73%
    $50k-75k 1 $245,000 $245,000 $4,595 5.00%

    Universal Lending Corporation lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $150k-250k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 14 $6,900,000 $492,857 $12,876 5.53%
    30-36% 11 $4,155,000 $377,727 $9,100 4.95%
    40% 6 $3,750,000 $625,000 $13,000 5.73%
    49% 5 $2,565,000 $513,000 $10,684 5.80%
    >60% 4 $2,570,000 $642,500 $2,510 5.65%
    42% 3 $1,445,000 $481,667 $9,095 7.04%
    20-30% 3 $1,455,000 $485,000 $8,723 5.46%
    38% 3 $675,000 $225,000 $4,182 4.29%
    41% 3 $1,235,000 $411,667 $8,988 6.08%
    43% 3 $1,225,000 $408,333 $10,765 5.24%
    45% 3 $1,505,000 $501,667 $10,385 5.17%
    48% 2 $870,000 $435,000 $7,630 5.88%
    46% 2 $830,000 $415,000 $11,114 5.62%
    <20% 2 $1,160,000 $580,000 $4,896 5.56%
    36% 2 $860,000 $430,000 $9,817 5.75%
    37% 1 $635,000 $635,000 $11,197 5.25%
    47% 1 $535,000 $535,000 $13,412 6.99%
    39% 1 $575,000 $575,000 $4,793 6.99%
    44% 1 $355,000 $355,000 $10,822 4.99%

    Universal Lending Corporation lent most frequently to those with DTI ratios of 50-60%, with 14 originations. The next most common DTI ratio? 30-36%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $18,035,000 $439,878 $9,885 5.44%
    Not provided 12 $7,120,000 $593,333 $10,566 5.87%
    Asian 12 $6,170,000 $514,167 $10,226 5.99%
    Black 4 $1,620,000 $405,000 $8,253 4.38%
    American Indian 1 $355,000 $355,000 $4,835 4.75%

    Approval Rates

    Total approvals of all applications
    95.56%

    Universal Lending Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    77.14%

    Universal Lending Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 70 $33,300,000 $475,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    70 $33,300,000 $475,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $295,000 $295,000 $4,768 3.75%
    40-60% 2 $610,000 $305,000 $8,793 4.87%
    60-80% 15 $6,595,000 $439,667 $6,762 5.97%
    80-100% 49 $25,375,000 $517,857 $11,383 5.69%
    Over 100% 1 $395,000 $395,000 $8,278 5.88%
    Under 20% 2 $30,000 $15,000 $250 0.00%