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, Other, Refi, and Cash Out Refi loans. Universal City Studios Federal Credit Union has a high proportion of conventional loans. Their top two markets are Los Angeles and Oxnard .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% | 11/17/24 |
| 30 Year Cash-out Refi | -324.28% | 11/17/24 |
| 15 Year Conventional Refi | 6.87% | 11/17/24 |
| 15 Year Cash-out Refi | 6.87% | 11/17/24 |
| 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
14Origination Dollar Volume (All Markets)
$4,220,000Top 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) | 12 | $3,940,000 | $328,333 | $0 | 3.55% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.38% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 7 | $1,685,000 | $240,714 | n/a | 4.18% |
| Conventional | 7 | $2,535,000 | $362,143 | $0 | 2.88% |
For 2021, Universal City Studios Federal Credit Union's most frequently originated type of loan was HELOC, with 7 originations. Their 2nd most popular type was Conventional, with 7 originations.
Loan Reason
For 2021, Universal City Studios Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 5 originations. The 2nd most popular reason was Other, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 7 | $1,685,000 | $240,714 | $0 | 4.18% |
| 30 Year | 5 | $1,965,000 | $393,000 | $0 | 3.03% |
| 20 Year | 2 | $570,000 | $285,000 | $0 | 2.50% |
For 2021, Universal City Studios Federal Credit Union's most frequently cited loan duration was Other, with 7 originations. The 2nd most popular length was 30 Year, with 5 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $5k+ | 3 | $1,665,000 | $555,000 |
| $3k-4k | 2 | $570,000 | $285,000 |
| $<1k | 1 | $75,000 | $75,000 |
| $2k-3k | 1 | $225,000 | $225,000 |
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 $5k+ bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 6 | $1,520,000 | $253,333 |
| 2.5-3% | 5 | $1,615,000 | $323,000 |
| 5-6% | 2 | $810,000 | $405,000 |
| <2.5% | 1 | $275,000 | $275,000 |
During 2021, Universal City Studios Federal Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 3-4%, with 6 originations.
Loan Sizing
2021 saw Universal City Studios Federal Credit Union place emphasis on $200k-400k loans with 6 originations, totaling $1,660,000 in origination value.
Applicant Income
Universal City Studios Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 4 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 30-36%, with 4 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 12 | $3,770,000 | $314,167 | $0 | 3.58% |
| Not provided | 2 | $450,000 | $225,000 | $0 | 3.19% |
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 |
|---|---|---|---|
| 2727.44 | 1 | $55,000 | $55,000 |
| 3086.16 | 1 | $295,000 | $295,000 |
| 3213.5 | 1 | $225,000 | $225,000 |
| 3249.0 | 1 | $505,000 | $505,000 |
| 3304.0 | 1 | $645,000 | $645,000 |
| 3361.0 | 1 | $105,000 | $105,000 |
| 3404.0 | 1 | $515,000 | $515,000 |
| 3494.0 | 1 | $75,000 | $75,000 |
| 3550.0 | 1 | $155,000 | $155,000 |
| 3688.73 | 1 | $275,000 | $275,000 |
| 5304.0 | 1 | $255,000 | $255,000 |
| 6293.62 | 1 | $305,000 | $305,000 |
| 6362.3 | 1 | $305,000 | $305,000 |
| 8806.0 | 1 | $505,000 | $505,000 |
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% |