Universal Lending Corporation Mortgage Rates, Fees & Info
Littleton, COLEI: 5493000OIGWIS24A1547
Tax ID: 84-0849361
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Mortgage Data
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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Billings, Greeley, Colorado Springs, and Fort Collins among others. We have data for 42 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 a high 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 11/17/24 |
| 30 Year Conventional Refi | 6.74% | 11/17/24 |
| 30 Year Cash-out Refi | 6.86% | 11/17/24 |
| 30 Year FHA Purchase | 7.56% | 11/17/24 |
| 30 Year FHA Refi | 7.29% | 11/17/24 |
| 30 Year VA Purchase | 6.30% | 11/17/24 |
| 30 Year VA Refi | 5.91% | 11/17/24 |
| 30 Year USDA Purchase | 6.80% | 11/17/24 |
| 15 Year Conventional Purchase | 6.41% | 11/17/24 |
| 15 Year Conventional Refi | 6.09% | 11/17/24 |
| 15 Year Cash-out Refi | 6.09% | 11/17/24 |
| 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
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This is not an official calculator from Universal Lending Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,040Origination Dollar Volume (All Markets)
$378,920,000Awards
UNIVERSAL LENDING CORPORATION - 2023
UNIVERSAL LENDING CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Universal Lending Corporation's average 30 year fixed mortgage rate was
6.61%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.13%.
Relative Fees (Closing Costs)
Universal Lending Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,570.
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 $9,089.
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 |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 456 | $189,830,000 | $416,294 | $10,130 | 6.65% |
| BILLINGS, MT (FHA|USDA|VA) | 128 | $38,810,000 | $303,203 | $9,781 | 6.60% |
| GREELEY, CO (FHA|USDA|VA) | 99 | $36,955,000 | $373,283 | $10,405 | 6.62% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 89 | $33,625,000 | $377,809 | $10,280 | 6.41% |
| FORT COLLINS, CO (FHA|USDA|VA) | 60 | $24,080,000 | $401,333 | $5,591 | 6.77% |
| Outside of Metro Areas | 55 | $11,435,000 | $207,909 | $7,337 | 6.68% |
| PUEBLO, CO (FHA|USDA|VA) | 45 | $10,825,000 | $240,556 | $8,256 | 6.76% |
| BOULDER, CO (FHA|USDA|VA) | 11 | $5,605,000 | $509,545 | $8,476 | 6.85% |
| GREAT FALLS, MT (FHA|USDA|VA) | 19 | $4,395,000 | $231,316 | $9,032 | 4.97% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 13 | $4,165,000 | $320,385 | $8,550 | 6.58% |
| Fort Morgan, CO (FHA|USDA|VA) | 13 | $3,925,000 | $301,923 | $10,157 | 6.61% |
| Cañon City, CO (FHA|USDA|VA) | 8 | $1,980,000 | $247,500 | $8,550 | 6.46% |
| Breckenridge, CO (FHA|USDA|VA) | 3 | $1,975,000 | $658,333 | $8,010 | 6.58% |
| Durango, CO (FHA|USDA|VA) | 4 | $1,830,000 | $457,500 | $5,762 | 7.12% |
| Glenwood Springs, CO (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $10,338 | 6.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $4,537 | 6.63% |
| CASPER, WY (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $7,884 | 7.19% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $17,495 | 6.63% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $9,562 | 7.13% |
| Sterling, CO (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $6,138 | 7.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,062 | 6.38% |
| Montrose, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $15,262 | 6.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $19,060 | 6.00% |
| Craig, CO (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,927 | 7.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $19,331 | 7.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,740 | 7.13% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $6,851 | 6.50% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,671 | 6.31% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,683 | 7.50% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,205 | 7.50% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,041 | 8.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,631 | 7.63% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,182 | 6.75% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,536 | 7.13% |
| Gillette, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,997 | 6.50% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,201 | 6.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $8,935 | 6.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,311 | 6.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,830 | 7.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,635 | 6.13% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,111 | 6.75% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,792 | 6.88% |
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.
Similarity Rank: 18
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Product Mix
For 2023, Universal Lending Corporation's most frequently originated type of loan was Conventional, with 555 originations. Their 2nd most popular type was FHA, with 387 originations.
Loan Reason
For 2023, Universal Lending Corporation's most frequently cited loan purpose was Home Purchase, with 953 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.
Loan Duration/Length
For 2023, Universal Lending Corporation's most frequently cited loan duration was 30 Year, with 1,010 originations. The 2nd most popular length was Other, with 16 originations.
Origination Fees/Closing Costs
Universal Lending Corporation's average total fees were $9,570, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 388 originations.
Interest Rates
During 2023, Universal Lending Corporation's average interest rate for loans was 6.61%, while their most frequently originated rate bucket for loans was 6-7%, with 606 originations.
Loan Sizing
2023 saw Universal Lending Corporation place emphasis on $200k-400k loans with 498 originations, totaling $151,730,000 in origination value.
Applicant Income
Universal Lending Corporation lent most frequently to those with incomes in the $100k-150k range, with 309 originations. The second most popular income band? $75k-100k, with 265 originations.
Applicant Debt to Income Ratio
Universal Lending Corporation lent most frequently to those with DTI ratios of 50-60%, with 146 originations. The next most common DTI ratio? 30-36%, with 125 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.27%
Universal Lending Corporation has an average approval rate.
Pick Rate
Approvals leading to origination78.37%
Universal Lending Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,040 | $378,920,000 | $364,346 |