Universal Lending Corporation Mortgage Rates, Fees & Info

Littleton, CO

LEI: 5493000OIGWIS24A1547

Tax ID: 84-0849361

4.1 stars - Updated: 6/9/24 - out of 5 stars, based on 32 reviews

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

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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.

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 6.80% 6/9/24
30 Year Conventional Refi 6.74% 6/9/24
30 Year Cash-out Refi 6.86% 6/9/24
30 Year FHA Purchase 7.56% 6/9/24
30 Year FHA Refi 7.29% 6/9/24
30 Year VA Purchase 6.30% 6/9/24
30 Year VA Refi 5.91% 6/9/24
30 Year USDA Purchase 6.80% 6/9/24
15 Year Conventional Purchase 6.41% 6/9/24
15 Year Conventional Refi 6.09% 6/9/24
15 Year Cash-out Refi 6.09% 6/9/24
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

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

1,040

Origination Dollar Volume (All Markets)

$378,920,000

Awards

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

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%
Universal Lending Corporation's top markets include Denver, Billings, Greeley, Colorado Springs, and Fort Collins among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Florida (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 555 $199,615,000 $359,667 $6,649 6.66%
    FHA 387 $136,015,000 $351,460 $13,333 6.60%
    VA 80 $34,210,000 $427,625 $10,467 6.25%
    FHA 15 $8,725,000 $581,667 $0 7.26%
    USDA 3 $355,000 $118,333 $6,095 6.33%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 953 $351,745,000 $369,092 $9,645 6.60%
    Cash Out Refi 72 $22,520,000 $312,778 $7,401 6.82%
    Refi 15 $4,655,000 $310,333 $6,799 6.55%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,010 $368,570,000 $364,921 $9,570 6.61%
    Other 16 $8,840,000 $552,500 $4,646 7.17%
    15 Year 12 $1,300,000 $108,333 $2,348 5.80%
    20 Year 2 $210,000 $105,000 $4,992 6.56%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 388 $172,230,000 $443,892
    $4k-5k 202 $66,310,000 $328,267
    $1k-2k 157 $57,385,000 $365,510
    $3k-4k 141 $38,505,000 $273,085
    $2k-3k 80 $22,260,000 $278,250
    $<1k 55 $13,125,000 $238,636

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 606 $219,350,000 $361,964
    7-8% 242 $92,080,000 $380,496
    5-6% 174 $61,920,000 $355,862
    Over 8% 8 $2,950,000 $368,750
    4-5% 6 $2,570,000 $428,333
    <2.5% 4 $50,000 $12,500

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 498 $151,730,000 $304,679 $9,183 6.68%
    $400k-600k 316 $150,290,000 $475,601 $11,876 6.62%
    $100k-200k 126 $20,050,000 $159,127 $5,458 6.55%
    $600k-1MM 67 $47,445,000 $708,134 $10,525 6.64%
    $100,000 or less 26 $1,110,000 $42,692 $1,899 5.34%
    $1MM+ 7 $8,295,000 $1,185,000 $13,746 6.52%

    2023 saw Universal Lending Corporation place emphasis on $200k-400k loans with 498 originations, totaling $151,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 309 $126,315,000 $408,786 $11,183 6.68%
    $75k-100k 265 $85,145,000 $321,302 $10,078 6.54%
    $50k-75k 185 $43,905,000 $237,324 $7,434 6.44%
    $150k-250k 143 $67,745,000 $473,741 $8,805 6.82%
    $50k or less 77 $18,755,000 $243,571 $6,105 6.48%
    $250k+ 61 $37,055,000 $607,459 $9,278 6.79%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 146 $55,770,000 $381,986 $13,255 6.53%
    30-36% 125 $45,385,000 $363,080 $7,333 6.68%
    20-30% 81 $27,705,000 $342,037 $7,271 6.64%
    49% 72 $26,960,000 $374,444 $10,538 6.67%
    48% 72 $26,070,000 $362,083 $10,825 6.72%
    43% 57 $19,965,000 $350,263 $9,137 6.74%
    46% 52 $18,370,000 $353,269 $10,163 6.64%
    38% 50 $16,830,000 $336,600 $8,136 6.49%
    45% 49 $16,195,000 $330,510 $9,228 6.60%
    40% 49 $17,505,000 $357,245 $8,582 6.54%
    44% 49 $16,235,000 $331,327 $9,659 6.47%
    47% 41 $15,635,000 $381,341 $10,302 6.58%
    41% 38 $13,410,000 $352,895 $8,217 6.51%
    42% 36 $14,100,000 $391,667 $9,726 6.65%
    37% 35 $13,045,000 $372,714 $8,711 6.38%
    39% 26 $10,380,000 $399,231 $9,256 6.63%
    <20% 25 $8,975,000 $359,000 $5,083 6.45%
    36% 22 $7,430,000 $337,727 $7,066 6.76%
    >60% 1 $525,000 $525,000 $23,949 7.13%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 856 $309,530,000 $361,600 $9,281 6.61%
    Not provided 118 $45,480,000 $385,424 $10,338 6.62%
    Black 30 $11,050,000 $368,333 $11,075 6.54%
    Asian 18 $6,770,000 $376,111 $9,754 6.72%
    American Indian 13 $4,205,000 $323,462 $10,010 6.81%
    Native Hawaiian or Islander 4 $1,420,000 $355,000 $8,937 6.88%
    Samoan 1 $465,000 $465,000 $0 7.23%

    Approval Rates

    Total approvals of all applications
    92.27%

    Universal Lending Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.37%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,040 $378,920,000 $364,346

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $5,895,000 $159,324 $3,853 6.40%
    40-60% 72 $21,420,000 $297,500 $5,626 6.70%
    60-80% 183 $76,215,000 $416,475 $7,501 6.71%
    80-100% 688 $256,870,000 $373,358 $10,683 6.64%
    Over 100% 36 $16,490,000 $458,056 $16,995 6.53%
    Under 20% 24 $2,030,000 $84,583 $2,150 5.20%