Universal City Studios Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 54930057XF33SONJFP81
Tax ID: 95-1321381
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Mortgage Data
Review & Overview
Universal City Studios Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Universal City Studios Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, and Bakersfield among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Universal City Studios Federal Credit Union has an above average approval rate when compared to the average across all lenders. 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 Refi | 5.20% | 11/21/24 |
| 30 Year Cash-out Refi | -324.28% | 11/21/24 |
| 15 Year Conventional Refi | 6.87% | 11/21/24 |
| 15 Year Cash-out Refi | 6.87% | 11/21/24 |
| 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 City Studios Federal Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
12Origination Dollar Volume (All Markets)
$2,620,000Relative Rate
Universal City Studios Federal Credit Union's average 30 year fixed mortgage rate was
6.63%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.15%.
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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $0 | 8.80% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 7.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 6.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 9 | $1,585,000 | $176,111 | n/a | 9.03% |
| Conventional | 3 | $1,035,000 | $345,000 | $0 | 6.67% |
For 2023, Universal City Studios Federal Credit Union's most frequently originated type of loan was HELOC, with 9 originations. Their 2nd most popular type was Conventional, with 3 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 9 | $1,585,000 | $176,111 | $0 | 9.03% |
| Home Purchase | 3 | $1,035,000 | $345,000 | $0 | 6.67% |
For 2023, Universal City Studios Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 9 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $1,585,000 | $176,111 | $0 | 9.03% |
| 30 Year | 2 | $920,000 | $460,000 | $0 | 6.63% |
| 15 Year | 1 | $115,000 | $115,000 | $0 | 6.75% |
For 2023, Universal City Studios Federal Credit Union's most frequently cited loan duration was Other, with 9 originations. The 2nd most popular length was 30 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 7 | $1,155,000 | $165,000 |
| 7-8% | 3 | $1,005,000 | $335,000 |
| 5-6% | 1 | $345,000 | $345,000 |
| 6-7% | 1 | $115,000 | $115,000 |
During 2023, Universal City Studios Federal Credit Union's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was Over 8%, with 7 originations.
Loan Sizing
2023 saw Universal City Studios Federal Credit Union place emphasis on $200k-400k loans with 5 originations, totaling $1,435,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 7 | $1,825,000 | $260,714 | $0 | 9.04% |
| $150k-250k | 3 | $275,000 | $91,667 | $0 | 7.58% |
| $100k-150k | 2 | $520,000 | $260,000 | $0 | 7.63% |
Universal City Studios Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
Universal City Studios Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 9 | $2,255,000 | $250,556 | $0 | 7.92% |
| Not provided | 3 | $365,000 | $121,667 | $0 | 10.00% |
Approval Rates
Total approvals of all applications100.00%
Universal City Studios Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 10315.0 | 1 | $575,000 | $575,000 |
| 2444.46 | 1 | $55,000 | $55,000 |
| 2811.25 | 1 | $55,000 | $55,000 |
| 3651.51 | 1 | $105,000 | $105,000 |
| 3665.68 | 1 | $115,000 | $115,000 |
| 3762.0 | 1 | $105,000 | $105,000 |
| 4692.02 | 1 | $175,000 | $175,000 |
| 5015.0 | 1 | $205,000 | $205,000 |
| 5804.46 | 1 | $255,000 | $255,000 |
| 5982.49 | 1 | $255,000 | $255,000 |
| 8034.0 | 1 | $375,000 | $375,000 |
| 8090.53 | 1 | $345,000 | $345,000 |