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 Other, Cash Out Refi, and Home Purchase loans. Universal City Studios Federal Credit Union has a high proportion of conventional loans.Universal City Studios Federal Credit Union 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. They typically have relatively high rates.
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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
25Origination Dollar Volume (All Markets)
$5,855,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 25 | $5,855,000 | $234,200 | $0 | 5.72% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 21 | $4,095,000 | $195,000 | n/a | 5.77% |
| Conventional | 4 | $1,760,000 | $440,000 | $0 | 5.41% |
For 2018, Universal City Studios Federal Credit Union's most frequently originated type of loan was HELOC, with 21 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
For 2018, Universal City Studios Federal Credit Union's most frequently cited loan purpose was Other, with 11 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $3,335,000 | $175,526 | $0 | 5.83% |
| 15 Year | 3 | $515,000 | $171,667 | $0 | 5.25% |
| 30 Year | 3 | $2,005,000 | $668,333 | $0 | 5.46% |
For 2018, Universal City Studios Federal Credit Union's most frequently cited loan duration was Other, with 19 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $4k-5k | 2 | $680,000 | $340,000 |
| $1k-2k | 1 | $155,000 | $155,000 |
| $5k+ | 1 | $925,000 | $925,000 |
Universal City Studios Federal Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $4k-5k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 10 | $2,590,000 | $259,000 |
| 4-5% | 8 | $1,560,000 | $195,000 |
| 6-7% | 5 | $1,495,000 | $299,000 |
| 7-8% | 1 | $145,000 | $145,000 |
| Over 8% | 1 | $65,000 | $65,000 |
During 2018, Universal City Studios Federal Credit Union's average interest rate for loans was 5.46%, while their most frequently originated rate bucket for loans was 5-6%, with 10 originations.
Loan Sizing
2018 saw Universal City Studios Federal Credit Union place emphasis on $200k-400k loans with 9 originations, totaling $2,625,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 24 | $5,700,000 | $237,500 | $0 | 5.76% |
| $50k-75k | 1 | $155,000 | $155,000 | $0 | 4.75% |
Universal City Studios Federal Credit Union lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
Universal City Studios Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $5,765,000 | $250,652 | $0 | 5.81% |
| Not provided | 2 | $90,000 | $45,000 | $0 | 4.63% |
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 origination84.00%
Universal City Studios Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 13109.45 | 1 | $725,000 | $725,000 |
| 14368.0 | 1 | $355,000 | $355,000 |
| 16626.95 | 1 | $925,000 | $925,000 |
| 2345.0 | 1 | $55,000 | $55,000 |
| 2645.0 | 1 | $35,000 | $35,000 |
| 2895.0 | 2 | $110,000 | $55,000 |
| 3010.0 | 1 | $55,000 | $55,000 |
| 3197.5 | 1 | $65,000 | $65,000 |
| 3228.75 | 1 | $65,000 | $65,000 |
| 3635.0 | 1 | $105,000 | $105,000 |
| 4197.5 | 1 | $145,000 | $145,000 |
| 4260.0 | 1 | $155,000 | $155,000 |
| 4307.76 | 1 | $75,000 | $75,000 |
| 4680.0 | 1 | $155,000 | $155,000 |
| 4689.45 | 1 | $155,000 | $155,000 |
| 4885.0 | 1 | $205,000 | $205,000 |
| 5943.01 | 1 | $205,000 | $205,000 |
| 6190.76 | 1 | $315,000 | $315,000 |
| 6767.26 | 1 | $255,000 | $255,000 |
| 7745.0 | 1 | $355,000 | $355,000 |
| 7802.26 | 1 | $265,000 | $265,000 |
| 7871.5 | 1 | $325,000 | $325,000 |
| 8059.64 | 1 | $405,000 | $405,000 |
| 920.0 | 1 | $345,000 | $345,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 25 | $5,855,000 | $234,200 |
LTV Distribution
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% |