Universal Lending Corporation Mortgage Rates, Fees & Info

Littleton, CO

LEI: 5493000OIGWIS24A1547

Tax ID: 84-0849361

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

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Mortgage Data

Review & Overview

Universal Lending Corporation is a small mortgage company specializing in Home Purchase and Refi 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 69 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.

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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

4,747

Origination Dollar Volume (All Markets)

$1,377,105,000

Awards

UNIVERSAL LENDING CORPORATION 30 Year Conventional Loans gold UNIVERSAL LENDING CORPORATION FHA Loans bronze UNIVERSAL LENDING CORPORATION FHA Loans silver UNIVERSAL LENDING CORPORATION FHA Loans silver
Show all (4) 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) 2,458 $835,210,000 $339,793 $5,828 4.26%
COLORADO SPRINGS, CO (FHA|USDA|VA) 561 $167,915,000 $299,314 $6,833 4.18%
GREELEY, CO (FHA|USDA|VA) 333 $95,555,000 $286,952 $5,971 4.31%
BILLINGS, MT (FHA|USDA|VA) 200 $40,560,000 $202,800 $5,911 3.93%
FORT COLLINS, CO (FHA|USDA|VA) 116 $36,120,000 $311,379 $5,154 4.26%
Outside of Metro Areas 177 $33,925,000 $191,667 $4,726 4.19%
PUEBLO, CO (FHA|USDA|VA) 177 $31,695,000 $179,068 $6,383 4.48%
BOULDER, CO (FHA|USDA|VA) 79 $29,445,000 $372,722 $5,276 4.16%
ALBUQUERQUE, NM (FHA|USDA|VA) 246 $24,680,000 $100,325 $3,417 3.61%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 64 $13,770,000 $215,156 $3,751 4.26%
GREAT FALLS, MT (FHA|USDA|VA) 72 $13,110,000 $182,083 $5,096 3.87%
GRAND JUNCTION, CO (FHA|USDA|VA) 43 $9,595,000 $223,140 $5,151 4.40%
CEDAR RAPIDS, IA (FHA|USDA|VA) 45 $6,555,000 $145,667 $4,525 4.18%
Breckenridge, CO (FHA|USDA|VA) 13 $5,195,000 $399,615 $4,292 4.17%
AMARILLO, TX (FHA|USDA|VA) 29 $4,785,000 $165,000 $5,715 4.12%
Fort Morgan, CO (FHA|USDA|VA) 10 $2,340,000 $234,000 $6,324 4.18%
Glenwood Springs, CO (FHA|USDA|VA) 5 $2,025,000 $405,000 $10,901 4.50%
Cañon City, CO (FHA|USDA|VA) 8 $1,960,000 $245,000 $6,599 4.39%
Steamboat Springs, CO (FHA|USDA|VA) 4 $1,580,000 $395,000 $11,229 3.94%
PUNTA GORDA, FL (FHA|USDA|VA) 8 $1,280,000 $160,000 $3,574 4.39%
Butte-Silver Bow, MT (FHA|USDA|VA) 9 $1,215,000 $135,000 $3,957 4.61%
CHEYENNE, WY (FHA|USDA|VA) 5 $1,095,000 $219,000 $3,972 3.90%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,095,000 $219,000 $8,252 4.05%
Bozeman, MT (FHA|USDA|VA) 4 $1,020,000 $255,000 $4,509 4.66%
Helena, MT (FHA|USDA|VA) 4 $840,000 $210,000 $7,054 3.72%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $810,000 $405,000 $3,402 4.13%
Kalispell, MT (FHA|USDA|VA) 5 $805,000 $161,000 $5,735 4.63%
Edwards, CO (FHA|USDA|VA) 2 $800,000 $400,000 $3,135 3.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $735,000 $245,000 $3,962 4.54%
Brainerd, MN (FHA|USDA|VA) 4 $670,000 $167,500 $3,856 4.28%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $625,000 $208,333 $5,484 4.29%
MISSOULA, MT (FHA|USDA|VA) 2 $590,000 $295,000 $6,791 3.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $560,000 $280,000 $5,916 4.19%
IOWA CITY, IA (FHA|USDA|VA) 2 $530,000 $265,000 $2,943 3.69%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $505,000 $505,000 $22,061 3.63%
Gillette, WY (FHA|USDA|VA) 1 $485,000 $485,000 $1,445 4.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $450,000 $225,000 $5,259 4.38%
Spirit Lake, IA (FHA|USDA|VA) 2 $390,000 $195,000 $7,846 3.88%
Montrose, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,221 4.00%
WICHITA, KS (FHA|USDA|VA) 2 $340,000 $170,000 $7,725 4.19%
TYLER, TX (FHA|USDA|VA) 1 $325,000 $325,000 $6,621 4.13%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $325,000 $325,000 $9,287 4.00%
Clovis, NM (FHA|USDA|VA) 3 $315,000 $105,000 $3,929 2.92%
Dumas, TX (FHA|USDA|VA) 3 $315,000 $105,000 $4,709 3.71%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 2 $310,000 $155,000 $2,830 4.19%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,229 5.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $265,000 $265,000 $2,841 4.00%
Pella, IA (FHA|USDA|VA) 2 $260,000 $130,000 $5,136 3.75%
Durango, CO (FHA|USDA|VA) 1 $255,000 $255,000 $3,559 4.13%
Riverton, WY (FHA|USDA|VA) 1 $255,000 $255,000 $5,703 5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $255,000 $255,000 $7,172 3.38%
Las Vegas, NM (FHA|USDA|VA) 1 $245,000 $245,000 $7,607 5.13%
LINCOLN, NE (FHA|USDA|VA) 1 $235,000 $235,000 $1,743 3.63%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,037 4.50%
CASPER, WY (FHA|USDA|VA) 1 $185,000 $185,000 $8,021 4.75%
Sterling, CO (FHA|USDA|VA) 1 $185,000 $185,000 $7,657 5.13%
Hobbs, NM (FHA|USDA|VA) 2 $180,000 $90,000 $2,289 2.63%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $175,000 $175,000 $4,186 4.13%
SANTA FE, NM (FHA|USDA|VA) 2 $170,000 $85,000 $3,842 4.94%
FARMINGTON, NM (FHA|USDA|VA) 2 $170,000 $85,000 $3,731 4.94%
TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $5,322 3.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $125,000 $125,000 $3,766 3.75%
Dodge City, KS (FHA|USDA|VA) 1 $125,000 $125,000 $5,253 4.38%
LAS CRUCES, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,856 4.13%
DUBUQUE, IA (FHA|USDA|VA) 1 $115,000 $115,000 $3,719 4.25%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,931 5.50%
Fairfield, IA (FHA|USDA|VA) 1 $95,000 $95,000 $2,975 5.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $3,961 3.88%
Pampa, TX (FHA|USDA|VA) 1 $45,000 $45,000 $3,706 4.88%
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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,828 $827,960,000 $292,772 $4,034 4.20%
    FHA 1,251 $321,915,000 $257,326 $9,005 4.33%
    VA 547 $185,085,000 $338,364 $6,920 3.94%
    FHA 85 $36,115,000 $424,882 $0 4.04%
    USDA 36 $6,030,000 $167,500 $5,295 4.08%

    For 2019, Universal Lending Corporation's most frequently originated type of loan was Conventional, with 2,828 originations. Their 2nd most popular type was FHA, with 1,251 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,102 $863,880,000 $278,491 $6,179 4.26%
    Refi 853 $279,855,000 $328,083 $4,640 3.94%
    Cash Out Refi 790 $233,130,000 $295,101 $4,994 4.26%
    Home Improvement 2 $240,000 $120,000 $3,017 3.88%

    For 2019, Universal Lending Corporation's most frequently cited loan purpose was Home Purchase, with 3,102 originations. The 2nd most popular reason was Refi, with 853 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,435 $1,288,335,000 $290,493 $5,821 4.22%
    15 Year 124 $27,720,000 $223,548 $3,620 3.67%
    Other 121 $46,815,000 $386,901 $4,085 4.04%
    20 Year 51 $13,305,000 $260,882 $4,201 3.96%
    10 Year 8 $830,000 $103,750 $3,022 4.02%
    30+ year 8 $100,000 $12,500 $0 5.27%

    For 2019, Universal Lending Corporation's most frequently cited loan duration was 30 Year, with 4,435 originations. The 2nd most popular length was 15 Year, with 124 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,018 $603,420,000 $299,019
    $<1k 846 $197,570,000 $233,534
    $2k-3k 589 $157,505,000 $267,411
    $3k-4k 543 $147,135,000 $270,967
    $4k-5k 406 $130,820,000 $322,217
    $5k+ 259 $104,225,000 $402,413

    Universal Lending Corporation's average total fees were $5,821, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,018 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,301 $668,145,000 $290,372
    3-4% 1,907 $595,665,000 $312,357
    5-6% 423 $97,895,000 $231,430
    <2.5% 66 $330,000 $5,000
    2.5-3% 41 $13,425,000 $327,439
    6-7% 9 $1,645,000 $182,778

    During 2019, Universal Lending Corporation's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 4-5%, with 2,301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,708 $798,410,000 $294,834 $6,290 4.27%
    $100k-200k 947 $148,715,000 $157,038 $4,709 4.28%
    $400k-600k 764 $356,890,000 $467,134 $5,955 4.09%
    $100,000 or less 245 $10,135,000 $41,367 $1,898 3.46%
    $600k-1MM 76 $53,840,000 $708,421 $8,464 4.07%
    $1MM+ 7 $9,115,000 $1,302,143 $6,092 4.00%

    2019 saw Universal Lending Corporation place emphasis on $200k-400k loans with 2,708 originations, totaling $798,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,306 $322,210,000 $246,715 $6,071 4.30%
    $50k or less 1,208 $258,040,000 $213,609 $5,188 4.01%
    $75k-100k 892 $274,820,000 $308,094 $6,329 4.29%
    $100k-150k 796 $283,730,000 $356,445 $5,477 4.23%
    $150k-250k 444 $185,900,000 $418,694 $5,398 4.18%
    $250k+ 101 $52,405,000 $518,861 $4,902 4.15%

    Universal Lending Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,306 originations. The second most popular income band? $50k or less, with 1,208 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 747 $215,695,000 $288,748 $5,101 4.15%
    20-30% 659 $190,315,000 $288,794 $4,457 4.05%
    50-60% 403 $115,365,000 $286,266 $9,163 4.29%
    42% 241 $71,985,000 $298,693 $6,035 4.35%
    44% 241 $67,515,000 $280,145 $5,755 4.35%
    41% 205 $57,415,000 $280,073 $5,182 4.25%
    39% 203 $57,915,000 $285,296 $5,212 4.21%
    43% 201 $59,825,000 $297,637 $5,720 4.35%
    40% 187 $52,365,000 $280,027 $5,444 4.23%
    49% 180 $50,490,000 $280,500 $6,080 4.41%
    38% 160 $44,260,000 $276,625 $5,306 4.06%
    45% 156 $41,570,000 $266,474 $6,121 4.25%
    37% 151 $42,915,000 $284,205 $5,462 4.22%
    46% 151 $42,785,000 $283,344 $6,416 4.29%
    47% 150 $42,870,000 $285,800 $6,210 4.33%
    48% 149 $40,205,000 $269,832 $6,101 4.26%
    <20% 146 $42,380,000 $290,274 $3,845 4.17%
    36% 138 $39,160,000 $283,768 $5,154 4.28%
    >60% 5 $1,875,000 $375,000 $6,634 4.13%

    Universal Lending Corporation lent most frequently to those with DTI ratios of 30-36%, with 747 originations. The next most common DTI ratio? 20-30%, with 659 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,055 $1,166,685,000 $287,715 $5,574 4.19%
    Not provided 398 $120,530,000 $302,839 $6,642 4.23%
    Black 151 $44,355,000 $293,742 $7,225 4.36%
    Asian 98 $32,290,000 $329,490 $5,296 4.25%
    American Indian 34 $9,720,000 $285,882 $5,596 3.89%
    Native Hawaiian or Islander 11 $3,525,000 $320,455 $7,600 4.28%

    Approval Rates

    Total approvals of all applications
    96.26%

    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
    80.32%

    Universal Lending Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,747 $1,377,105,000 $290,100

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 104 $20,480,000 $196,923
    Single Family (1-4 Units):Site-Built 4,643 $1,356,625,000 $292,187

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 92 $15,600,000 $169,565 $3,369 3.96%
    40-60% 341 $85,715,000 $251,364 $3,736 4.03%
    60-80% 1,186 $376,060,000 $317,083 $4,338 4.26%
    80-100% 2,834 $839,520,000 $296,231 $6,658 4.28%
    Over 100% 160 $58,350,000 $364,688 $11,002 4.03%
    Under 20% 134 $1,860,000 $13,881 $297 2.73%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Unifirst Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%