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 Refi and Cash Out Refi loans. Universal City Studios Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, and Riverside 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 about average 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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Originations
25Origination Dollar Volume (All Markets)
$7,185,000Top 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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 23 | $6,765,000 | $294,130 | $0 | 3.76% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.75% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.50% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $5,760,000 | $360,000 | $0 | 3.36% |
| HELOC | 9 | $1,425,000 | $158,333 | n/a | 4.44% |
For 2020, Universal City Studios Federal Credit Union's most frequently originated type of loan was Conventional, with 16 originations. Their 2nd most popular type was HELOC, with 9 originations.
Loan Reason
For 2020, Universal City Studios Federal Credit Union's most frequently cited loan purpose was Refi, with 10 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
For 2020, Universal City Studios Federal Credit Union's most frequently cited loan duration was 30 Year, with 10 originations. The 2nd most popular length was Other, with 9 originations.
Origination Fees/Closing Costs
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 $5k+ bucket, with 5 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 16 | $5,410,000 | $338,125 |
| 4-5% | 4 | $520,000 | $130,000 |
| 2.5-3% | 3 | $955,000 | $318,333 |
| <2.5% | 1 | $165,000 | $165,000 |
| 7-8% | 1 | $135,000 | $135,000 |
During 2020, Universal City Studios Federal Credit Union's average interest rate for loans was 3.56%, while their most frequently originated rate bucket for loans was 3-4%, with 16 originations.
Loan Sizing
2020 saw Universal City Studios Federal Credit Union place emphasis on $200k-400k loans with 9 originations, totaling $2,865,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 23 | $6,755,000 | $293,696 | $0 | 3.71% |
| $100k-150k | 1 | $355,000 | $355,000 | $0 | 3.75% |
| $50k-75k | 1 | $75,000 | $75,000 | $0 | 4.75% |
Universal City Studios Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
Universal City Studios Federal Credit Union lent most frequently to those with DTI ratios of 36%, with 5 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $6,690,000 | $278,750 | $0 | 3.76% |
| Black | 1 | $495,000 | $495,000 | $0 | 3.50% |
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 |
|---|---|---|---|
| 105.0 | 1 | $105,000 | $105,000 |
| 1320.0 | 1 | $135,000 | $135,000 |
| 2047.3 | 1 | $75,000 | $75,000 |
| 2086.0 | 1 | $55,000 | $55,000 |
| 2336.0 | 1 | $405,000 | $405,000 |
| 2429.0 | 1 | $485,000 | $485,000 |
| 2564.0 | 1 | $65,000 | $65,000 |
| 2589.0 | 1 | $305,000 | $305,000 |
| 2659.0 | 1 | $355,000 | $355,000 |
| 2705.0 | 1 | $275,000 | $275,000 |
| 2734.0 | 1 | $135,000 | $135,000 |
| 2939.0 | 1 | $165,000 | $165,000 |
| 2969.0 | 1 | $355,000 | $355,000 |
| 2984.0 | 1 | $505,000 | $505,000 |
| 3025.0 | 1 | $365,000 | $365,000 |
| 3099.0 | 1 | $165,000 | $165,000 |
| 3174.0 | 1 | $385,000 | $385,000 |
| 3185.0 | 1 | $315,000 | $315,000 |
| 3204.0 | 1 | $495,000 | $495,000 |
| 3579.0 | 1 | $515,000 | $515,000 |
| 3594.0 | 1 | $765,000 | $765,000 |
| 3960.29 | 1 | $75,000 | $75,000 |
| 4925.5 | 1 | $175,000 | $175,000 |
| NA | 2 | $510,000 | $255,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 25 | $7,185,000 | $287,400 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Universal Capital Services, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| Universal Capital Services, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |