Universal Lending Corporation Mortgage Rates, Fees & Info

Littleton, CO

LEI: 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 an average 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, Colorado Springs, Greeley, Billings, and Fort Collins among others. We have data for 57 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 6.80% 3/24/24
30 Year Conventional Refi 6.74% 3/24/24
30 Year Cash-out Refi 6.86% 3/24/24
30 Year FHA Purchase 7.56% 3/24/24
30 Year FHA Refi 7.29% 3/24/24
30 Year VA Purchase 6.30% 3/24/24
30 Year VA Refi 5.91% 3/24/24
30 Year USDA Purchase 6.80% 3/24/24
15 Year Conventional Purchase 6.41% 3/24/24
15 Year Conventional Refi 6.09% 3/24/24
15 Year Cash-out Refi 6.09% 3/24/24
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

3,141

Origination Dollar Volume (All Markets)

$843,695,000
Show all (8) awards

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) 1,614 $510,560,000 $316,332 $6,101 4.90%
COLORADO SPRINGS, CO (FHA|USDA|VA) 341 $93,475,000 $274,120 $6,651 4.80%
GREELEY, CO (FHA|USDA|VA) 223 $60,365,000 $270,695 $5,873 5.01%
Outside of Metro Areas 151 $24,325,000 $161,093 $4,625 4.72%
BILLINGS, MT (FHA|USDA|VA) 116 $22,590,000 $194,741 $5,652 4.61%
FORT COLLINS, CO (FHA|USDA|VA) 68 $21,450,000 $315,441 $5,729 4.81%
ALBUQUERQUE, NM (FHA|USDA|VA) 164 $17,070,000 $104,085 $3,224 5.24%
BOULDER, CO (FHA|USDA|VA) 46 $14,680,000 $319,130 $5,880 4.84%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 52 $11,430,000 $219,808 $4,294 4.68%
GREAT FALLS, MT (FHA|USDA|VA) 59 $9,715,000 $164,661 $5,337 4.39%
GRAND JUNCTION, CO (FHA|USDA|VA) 43 $8,935,000 $207,791 $4,980 4.88%
PUEBLO, CO (FHA|USDA|VA) 53 $7,415,000 $139,906 $5,677 5.14%
CEDAR RAPIDS, IA (FHA|USDA|VA) 42 $6,100,000 $145,238 $4,615 5.02%
Durango, CO (FHA|USDA|VA) 12 $3,300,000 $275,000 $3,122 4.75%
AMARILLO, TX (FHA|USDA|VA) 19 $3,125,000 $164,474 $5,525 4.88%
Edwards, CO (FHA|USDA|VA) 6 $2,520,000 $420,000 $6,723 4.65%
Fort Morgan, CO (FHA|USDA|VA) 9 $2,335,000 $259,444 $6,769 5.06%
Cañon City, CO (FHA|USDA|VA) 13 $2,125,000 $163,462 $6,051 5.17%
PUNTA GORDA, FL (FHA|USDA|VA) 12 $2,050,000 $170,833 $3,394 4.80%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $1,980,000 $247,500 $4,515 4.88%
MISSOULA, MT (FHA|USDA|VA) 6 $1,760,000 $293,333 $6,379 4.69%
Breckenridge, CO (FHA|USDA|VA) 5 $1,725,000 $345,000 $3,761 4.78%
CHEYENNE, WY (FHA|USDA|VA) 7 $1,665,000 $237,857 $5,487 5.29%
Butte-Silver Bow, MT (FHA|USDA|VA) 13 $1,465,000 $112,692 $5,099 4.52%
Steamboat Springs, CO (FHA|USDA|VA) 4 $1,080,000 $270,000 $8,914 5.00%
Glenwood Springs, CO (FHA|USDA|VA) 3 $885,000 $295,000 $5,839 5.02%
IOWA CITY, IA (FHA|USDA|VA) 3 $775,000 $258,333 $3,983 5.21%
Montrose, CO (FHA|USDA|VA) 2 $680,000 $340,000 $3,149 5.00%
Sterling, CO (FHA|USDA|VA) 4 $530,000 $132,500 $4,826 5.16%
THE VILLAGES, FL (FHA|USDA|VA) 2 $510,000 $255,000 $3,327 5.00%
Jackson, WY-ID (FHA|USDA|VA) 1 $475,000 $475,000 $10,822 4.00%
Kalispell, MT (FHA|USDA|VA) 2 $470,000 $235,000 $4,736 4.56%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $4,273 4.38%
Brainerd, MN (FHA|USDA|VA) 3 $445,000 $148,333 $3,880 4.88%
Las Vegas, NM (FHA|USDA|VA) 5 $425,000 $85,000 $3,464 5.43%
Helena, MT (FHA|USDA|VA) 2 $390,000 $195,000 $7,438 4.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $390,000 $195,000 $5,480 4.88%
Pampa, TX (FHA|USDA|VA) 3 $315,000 $105,000 $6,038 4.38%
Fairfield, IA (FHA|USDA|VA) 1 $315,000 $315,000 $1,742 4.50%
Borger, TX (FHA|USDA|VA) 2 $300,000 $150,000 $5,610 5.44%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $285,000 $285,000 $6,425 4.00%
Pella, IA (FHA|USDA|VA) 2 $260,000 $130,000 $5,031 5.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $255,000 $255,000 $2,639 4.75%
FARGO, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $1,374 4.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $235,000 $235,000 $1,595 4.75%
OCALA, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,967 5.25%
SANTA FE, NM (FHA|USDA|VA) 1 $195,000 $195,000 $9,198 5.63%
LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $3,408 4.38%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $175,000 $175,000 $3,133 5.75%
Dumas, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,884 5.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,199 5.38%
Burlington, IA-IL (FHA|USDA|VA) 2 $150,000 $75,000 $3,052 5.44%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,953 4.75%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $125,000 $125,000 $5,500 5.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $5,271 5.38%
EL PASO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $4,056 4.75%
Spirit Lake, IA (FHA|USDA|VA) 1 $95,000 $95,000 $3,109 4.75%
Universal Lending Corporation's top markets include Denver, Colorado Springs, Greeley, Billings, and Fort Collins among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (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.

    COLORAMO
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    Farmers Savings Bank & Trust
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    PARK SIDE FINANCIAL
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    RESIDENTIAL MORTGAGE NETWORK, INC.
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    Collins Community Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,837 $493,885,000 $268,854 $4,130 4.95%
    FHA 828 $200,470,000 $242,114 $8,548 4.89%
    VA 360 $112,950,000 $313,750 $7,621 4.61%
    FHA 74 $30,910,000 $417,703 $0 4.86%
    USDA 42 $5,480,000 $130,476 $4,771 4.37%

    For 2018, Universal Lending Corporation's most frequently originated type of loan was Conventional, with 1,837 originations. Their 2nd most popular type was FHA, with 828 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,472 $657,650,000 $266,040 $5,929 4.89%
    Cash Out Refi 532 $150,410,000 $282,726 $5,134 4.86%
    Refi 135 $35,015,000 $259,370 $4,381 4.78%
    Home Improvement 2 $620,000 $310,000 $7,844 5.25%

    For 2018, Universal Lending Corporation's most frequently cited loan purpose was Home Purchase, with 2,472 originations. The 2nd most popular reason was Cash Out Refi, with 532 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,984 $794,760,000 $266,340 $5,789 4.90%
    Other 78 $31,750,000 $407,051 $2,716 4.86%
    15 Year 52 $10,910,000 $209,808 $4,237 4.29%
    20 Year 25 $6,035,000 $241,400 $3,931 4.57%
    10 Year 2 $240,000 $120,000 $3,937 4.50%

    For 2018, Universal Lending Corporation's most frequently cited loan duration was 30 Year, with 2,984 originations. The 2nd most popular length was Other, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,377 $369,855,000 $268,595
    $<1k 626 $143,310,000 $228,930
    $2k-3k 387 $93,625,000 $241,925
    $3k-4k 321 $81,455,000 $253,754
    $4k-5k 222 $72,060,000 $324,595
    $5k+ 133 $52,475,000 $394,549

    Universal Lending Corporation's average total fees were $5,789, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,377 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,792 $519,260,000 $289,766
    5-6% 1,144 $278,710,000 $243,628
    3-4% 169 $42,945,000 $254,112
    6-7% 12 $2,440,000 $203,333
    2.5-3% 1 $225,000 $225,000

    During 2018, Universal Lending Corporation's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 4-5%, with 1,792 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,775 $511,335,000 $288,076 $6,283 4.89%
    $100k-200k 742 $115,610,000 $155,809 $4,794 4.88%
    $400k-600k 366 $171,320,000 $468,087 $6,900 4.76%
    $100,000 or less 210 $11,160,000 $53,143 $2,478 5.13%
    $600k-1MM 47 $32,985,000 $701,809 $7,059 4.68%
    $1MM+ 1 $1,285,000 $1,285,000 $4,752 4.38%

    2018 saw Universal Lending Corporation place emphasis on $200k-400k loans with 1,775 originations, totaling $511,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 3,058 $815,720,000 $266,750 $5,725 4.89%
    $50k-75k 29 $7,505,000 $258,793 $6,403 4.71%
    $75k-100k 26 $8,320,000 $320,000 $6,771 4.65%
    $100k-150k 15 $5,365,000 $357,667 $5,542 4.65%
    $150k-250k 11 $6,015,000 $546,818 $6,359 4.52%
    $250k+ 2 $770,000 $385,000 $5,911 4.25%

    Universal Lending Corporation lent most frequently to those with incomes in the $50k or less range, with 3,058 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 490 $128,810,000 $262,878 $5,032 4.85%
    20-30% 297 $71,605,000 $241,094 $4,669 4.73%
    50-60% 241 $64,075,000 $265,871 $8,258 4.84%
    49% 199 $53,855,000 $270,628 $6,588 4.99%
    42% 156 $44,280,000 $283,846 $5,674 4.95%
    46% 156 $43,160,000 $276,667 $6,641 4.90%
    47% 155 $40,155,000 $259,065 $5,545 4.96%
    48% 152 $42,640,000 $280,526 $6,638 4.94%
    43% 150 $42,390,000 $282,600 $5,686 4.91%
    45% 148 $37,440,000 $252,973 $5,663 4.91%
    41% 148 $41,970,000 $283,581 $5,786 4.90%
    44% 147 $40,405,000 $274,864 $5,927 4.97%
    <20% 144 $47,270,000 $328,264 $3,861 4.78%
    40% 136 $37,370,000 $274,779 $5,772 4.83%
    36% 114 $30,090,000 $263,947 $5,086 4.91%
    38% 107 $28,115,000 $262,757 $5,342 4.91%
    37% 100 $24,590,000 $245,900 $4,738 4.87%
    39% 99 $25,465,000 $257,222 $5,733 4.89%
    >60% 2 $10,000 $5,000 $100 6.00%

    Universal Lending Corporation lent most frequently to those with DTI ratios of 30-36%, with 490 originations. The next most common DTI ratio? 20-30%, with 297 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,718 $725,120,000 $266,784 $5,579 4.88%
    Not provided 207 $61,235,000 $295,821 $7,110 4.86%
    Black 121 $32,085,000 $265,165 $6,972 4.97%
    Asian 58 $16,400,000 $282,759 $6,046 4.87%
    American Indian 29 $6,725,000 $231,897 $4,947 4.89%
    Native Hawaiian or Islander 8 $2,130,000 $266,250 $7,118 4.64%

    Approval Rates

    Total approvals of all applications
    93.95%

    Universal Lending Corporation has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.20%

    Universal Lending Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,141 $843,695,000 $268,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 92 $17,390,000 $189,022
    Single Family (1-4 Units):Site-Built 3,049 $826,305,000 $271,009

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $7,785,000 $146,887 $3,391 4.67%
    40-60% 194 $42,600,000 $219,588 $3,895 4.73%
    60-80% 743 $212,225,000 $285,633 $4,435 4.91%
    80-100% 1,935 $529,905,000 $273,853 $6,472 4.88%
    Over 100% 135 $50,095,000 $371,074 $11,146 4.70%
    Under 20% 81 $1,085,000 $13,395 $414 5.78%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    University Lending Group, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%