Union Savings And Loan Association Mortgage Rates, Fees & Info
Connersville, INLEI: 5493006VVC2EW2KLYK29
Tax ID: 35-0722275
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Union Savings And Loan Association is a smaller credit union specializing in Refi and Home Purchase loans. Union Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Connersville, Indianapolis, Richmond, Muncie, and Cincinnati among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Union Savings And Loan Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
127Origination Dollar Volume (All Markets)
$23,975,000Top 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 |
|---|---|---|---|---|---|
| Connersville, IN (FHA|USDA|VA) | 59 | $8,065,000 | $136,695 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 17 | $5,965,000 | $350,882 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $3,570,000 | $148,750 | $0 | 0.00% |
| Richmond, IN (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $1,290,000 | $161,250 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 7 | $1,275,000 | $182,143 | $0 | 0.00% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $23,975,000 | $188,780 | $0 | 0.00% |
For 2024, Union Savings And Loan Association's most frequently originated type of loan was Conventional, with 127 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 65 | $12,835,000 | $197,462 | $0 | 0.00% |
| Home Purchase | 61 | $10,855,000 | $177,951 | $0 | 0.00% |
| Cash Out Refi | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2024, Union Savings And Loan Association's most frequently cited loan purpose was Refi, with 65 originations. The 2nd most popular reason was Home Purchase, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $23,975,000 | $188,780 | $0 | 0.00% |
For 2024, Union Savings And Loan Association's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2024 saw Union Savings And Loan Association place emphasis on $100,000 or less loans with 50 originations, totaling $3,060,000 in origination value.
Applicant Income
Union Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $23,975,000 | $188,780 | $0 | 0.00% |
Union Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 79 | $16,005,000 | $202,595 | $0 | 0.00% |
| Not applicable | 48 | $7,970,000 | $166,042 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.86%
Union Savings And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination71.65%
Union Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $23,975,000 | $188,780 |