Union Savings And Loan Association Mortgage Rates, Fees & Info
Connersville, INLEI: 5493006VVC2EW2KLYK29
Tax ID: 35-0722275
Latest/2023 | 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 Home Purchase and Cash Out Refi loans. Union Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Connersville, Indianapolis, Cincinnati, Richmond, and Madison 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
159Origination Dollar Volume (All Markets)
$27,685,000Top 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) | 75 | $9,565,000 | $127,533 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 33 | $7,615,000 | $230,758 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 22 | $5,710,000 | $259,545 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $2,750,000 | $152,778 | $0 | 0.00% |
| Richmond, IN (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| New Castle, IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $27,685,000 | $174,119 | $0 | 0.00% |
For 2022, Union Savings And Loan Association's most frequently originated type of loan was Conventional, with 159 originations.
Loan Reason
For 2022, Union Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 159 | $27,685,000 | $174,119 | $0 | 0.00% |
For 2022, Union Savings And Loan Association's most frequently cited loan duration was Other, with 159 originations.
Loan Sizing
2022 saw Union Savings And Loan Association place emphasis on $100k-200k loans with 60 originations, totaling $8,300,000 in origination value.
Applicant Income
Union Savings And Loan Association lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 159 | $27,685,000 | $174,119 | $0 | 0.00% |
Union Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 159 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 121 | $22,255,000 | $183,926 | $0 | 0.00% |
| Not applicable | 38 | $5,430,000 | $142,895 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.65%
Union Savings And Loan Association has a below average approval rate.
Pick Rate
Approvals leading to origination71.70%
Union Savings And Loan Association has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 159 | $27,685,000 | $174,119 |