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 small mortgage company specializing in Home Purchase, Refi, and Cash Out 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 78 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.80% | 4/18/24 |
| 30 Year Conventional Refi | 6.74% | 4/18/24 |
| 30 Year Cash-out Refi | 6.86% | 4/18/24 |
| 30 Year FHA Purchase | 7.56% | 4/18/24 |
| 30 Year FHA Refi | 7.29% | 4/18/24 |
| 30 Year VA Purchase | 6.30% | 4/18/24 |
| 30 Year VA Refi | 5.91% | 4/18/24 |
| 30 Year USDA Purchase | 6.80% | 4/18/24 |
| 15 Year Conventional Purchase | 6.41% | 4/18/24 |
| 15 Year Conventional Refi | 6.09% | 4/18/24 |
| 15 Year Cash-out Refi | 6.09% | 4/18/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
5,680Origination Dollar Volume (All Markets)
$1,904,360,000Awards
UNIVERSAL LENDING CORPORATION - 2021
UNIVERSAL LENDING CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 3,176 | $1,187,510,000 | $373,901 | $5,200 | 3.06% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 581 | $200,025,000 | $344,277 | $6,529 | 2.99% |
| GREELEY, CO (FHA|USDA|VA) | 427 | $135,965,000 | $318,419 | $6,008 | 3.14% |
| BILLINGS, MT (FHA|USDA|VA) | 320 | $75,290,000 | $235,281 | $5,543 | 2.97% |
| FORT COLLINS, CO (FHA|USDA|VA) | 152 | $52,510,000 | $345,461 | $5,072 | 3.07% |
| PUEBLO, CO (FHA|USDA|VA) | 211 | $45,785,000 | $216,991 | $6,884 | 3.11% |
| Outside of Metro Areas | 209 | $45,155,000 | $216,053 | $5,032 | 3.10% |
| BOULDER, CO (FHA|USDA|VA) | 116 | $44,740,000 | $385,690 | $4,995 | 2.95% |
| GREAT FALLS, MT (FHA|USDA|VA) | 108 | $21,100,000 | $195,370 | $5,228 | 2.70% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 48 | $13,700,000 | $285,417 | $3,700 | 3.22% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 47 | $11,545,000 | $245,638 | $4,894 | 3.02% |
| Edwards, CO (FHA|USDA|VA) | 18 | $6,420,000 | $356,667 | $5,355 | 3.18% |
| Breckenridge, CO (FHA|USDA|VA) | 17 | $6,315,000 | $371,471 | $3,821 | 3.18% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 32 | $5,750,000 | $179,688 | $3,981 | 3.09% |
| Fort Morgan, CO (FHA|USDA|VA) | 15 | $4,315,000 | $287,667 | $9,187 | 3.28% |
| AMARILLO, TX (FHA|USDA|VA) | 22 | $4,050,000 | $184,091 | $5,190 | 2.99% |
| Helena, MT (FHA|USDA|VA) | 11 | $3,655,000 | $332,273 | $7,287 | 2.94% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $3,650,000 | $304,167 | $5,016 | 3.21% |
| Cañon City, CO (FHA|USDA|VA) | 14 | $2,910,000 | $207,857 | $5,606 | 3.21% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 16 | $2,800,000 | $175,000 | $3,972 | 3.53% |
| CHEYENNE, WY (FHA|USDA|VA) | 11 | $2,565,000 | $233,182 | $5,605 | 3.03% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $2,400,000 | $300,000 | $6,843 | 3.28% |
| Glenwood Springs, CO (FHA|USDA|VA) | 4 | $1,740,000 | $435,000 | $5,309 | 3.16% |
| Durango, CO (FHA|USDA|VA) | 5 | $1,385,000 | $277,000 | $4,521 | 3.18% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,375,000 | $1,375,000 | $11,303 | 2.88% |
| Montrose, CO (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $5,298 | 3.03% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $3,998 | 2.54% |
| Kalispell, MT (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $5,801 | 3.05% |
| Sterling, CO (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $8,028 | 3.22% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,695 | 3.17% |
| Steamboat Springs, CO (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $5,675 | 2.53% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $8,471 | 2.46% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $8,482 | 2.63% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,464 | 3.13% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $3,582 | 2.71% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,226 | 3.13% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $6,164 | 2.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,280 | 3.69% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,129 | 3.06% |
| Pella, IA (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $4,990 | 2.92% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,664 | 3.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,497 | 3.38% |
| Dumas, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,630 | 2.83% |
| RAPID CITY, SD (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,588 | 3.56% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,321 | 3.19% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $4,580 | 3.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,219 | 3.25% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,739 | 2.38% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,619 | 3.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,076 | 3.38% |
| CASPER, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $8,790 | 3.25% |
| Craig, CO (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $9,430 | 2.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,925 | 2.88% |
| Laramie, WY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,440 | 3.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,505 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,940 | 3.63% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,081 | 3.13% |
| Spirit Lake, IA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,876 | 3.38% |
| Ottumwa, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,374 | 3.13% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,014 | 3.25% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,400 | 3.13% |
| Athens, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,383 | 2.75% |
| Grants, NM (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,241 | 3.00% |
| DUBUQUE, IA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,008 | 3.00% |
| Scottsbluff, NE (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,756 | 2.63% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,963 | 3.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,224 | 3.00% |
| Clovis, NM (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $4,596 | 4.06% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,455 | 3.38% |
| Pampa, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $1,498 | 2.63% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,932 | 2.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,651 | 3.25% |
| Hays, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,326 | 3.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,473 | 3.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,734 | 4.50% |
| WACO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,433 | 2.38% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,860 | 3.88% |
| Gallup, NM (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,735 | 2.88% |
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.
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Product Mix
For 2021, Universal Lending Corporation's most frequently originated type of loan was Conventional, with 4,164 originations. Their 2nd most popular type was FHA, with 893 originations.
Loan Reason
For 2021, Universal Lending Corporation's most frequently cited loan purpose was Home Purchase, with 2,781 originations. The 2nd most popular reason was Refi, with 1,641 originations.
Loan Duration/Length
For 2021, Universal Lending Corporation's most frequently cited loan duration was 30 Year, with 5,011 originations. The 2nd most popular length was 15 Year, with 301 originations.
Origination Fees/Closing Costs
Universal Lending Corporation's average total fees were $5,684, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,841 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,746 | $947,170,000 | $344,927 |
| 2.5-3% | 2,332 | $773,890,000 | $331,857 |
| <2.5% | 536 | $165,840,000 | $309,403 |
| 4-5% | 62 | $17,440,000 | $281,290 |
| 5-6% | 4 | $20,000 | $5,000 |
During 2021, Universal Lending Corporation's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 2,746 originations.
Loan Sizing
2021 saw Universal Lending Corporation place emphasis on $200k-400k loans with 2,875 originations, totaling $863,495,000 in origination value.
Applicant Income
Universal Lending Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,417 originations. The second most popular income band? $100k-150k, with 1,287 originations.
Applicant Debt to Income Ratio
Universal Lending Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,013 originations. The next most common DTI ratio? 30-36%, with 927 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.07%
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 origination82.85%
Universal Lending Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 5,680 | $1,904,360,000 | $335,275 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5,680 | $1,904,360,000 | $335,275 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |