Union Savings And Loan Association Mortgage Rates, Fees & Info

Connersville, IN

LEI: 5493006VVC2EW2KLYK29

Tax ID: 35-0722275

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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

159

Origination Dollar Volume (All Markets)

$27,685,000

Top 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%
Union Savings And Loan Association's top markets include Connersville, Indianapolis, Cincinnati, Richmond, and Madison among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $13,955,000 $164,176 $0 0.00%
    Cash Out Refi 37 $6,835,000 $184,730 $0 0.00%
    Refi 27 $4,305,000 $159,444 $0 0.00%
    Other 7 $2,085,000 $297,857 $0 0.00%
    Home Improvement 3 $505,000 $168,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 60 $8,300,000 $138,333 $0 0.00%
    $100,000 or less 52 $3,310,000 $63,654 $0 0.00%
    $200k-400k 32 $8,350,000 $260,938 $0 0.00%
    $400k-600k 14 $6,610,000 $472,143 $0 0.00%
    $1MM+ 1 $1,115,000 $1,115,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $3,450,000 $107,813 $0 0.00%
    $50k-75k 27 $3,875,000 $143,519 $0 0.00%
    $100k-150k 25 $5,845,000 $233,800 $0 0.00%
    $75k-100k 19 $2,945,000 $155,000 $0 0.00%
    $150k-250k 10 $3,430,000 $343,000 $0 0.00%
    $250k+ 8 $2,710,000 $338,750 $0 0.00%

    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 applications
    84.65%

    Union Savings And Loan Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.70%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $27,685,000 $174,119