United Texas Credit Union Mortgage Rates, Fees & Info

San Antonio, TX

LEI: 549300B0SOOJLUT6U297

Tax ID: 74-1241284

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    United Texas Credit Union is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. United Texas Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Lubbock, Dallas, Houston, and Corpus Christi among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Texas Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. United Texas Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.94% 12/16/24
    30 Year Conventional Refi 6.85% 12/16/24
    30 Year Cash-out Refi 6.87% 12/16/24
    15 Year Conventional Purchase 6.18% 12/16/24
    15 Year Conventional Refi 6.35% 12/16/24
    15 Year Cash-out Refi 6.35% 12/16/24
    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.

    United Texas Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from United Texas Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    122

    Origination Dollar Volume (All Markets)

    $11,340,000

    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
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 108 $10,340,000 $95,741 $682 5.43%
    LUBBOCK, TX (FHA|USDA|VA) 9 $565,000 $62,778 $0 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $175,000 $175,000 $653 4.45%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $130,000 $65,000 $364 5.88%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $105,000 $105,000 $4,324 4.38%
    TYLER, TX (FHA|USDA|VA) 1 $25,000 $25,000 $411 6.75%
    United Texas Credit Union's top markets include San Antonio, Lubbock, Dallas, Houston, and Corpus Christi among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against United Texas Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 86
    NEIGHBORHOOD
    Similarity Rank: 200
    TEXANS
    Similarity Rank: 416
    AMERICAN HERITAGE CAPITAL, L.P.
    Similarity Rank: 780
    First Commercial Bank
    Similarity Rank: 1122
    Generations Community Federal Credit Union
    Similarity Rank: 1133
    ASCENT HOME LENDING, LLC
    Similarity Rank: 1220
    HIGHLAND HOMELOANS, LLC
    Similarity Rank: 1326
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1329
    DATCU
    Similarity Rank: 1440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $11,340,000 $92,951 $711 5.44%

    For 2018, United Texas Credit Union's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 62 $6,480,000 $104,516 $575 5.26%
    Home Improvement 34 $2,270,000 $66,765 $541 5.81%
    Refi 18 $1,650,000 $91,667 $576 5.54%
    Home Purchase 8 $940,000 $117,500 $2,434 5.03%

    For 2018, United Texas Credit Union's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Improvement, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 34 $3,980,000 $117,059 $636 5.31%
    Other 27 $1,585,000 $58,704 $532 5.86%
    20 Year 23 $3,625,000 $157,609 $816 5.36%
    10 Year 18 $1,290,000 $71,667 $477 5.03%
    5 Year 11 $275,000 $25,000 $397 4.89%
    1 Year 5 $255,000 $51,000 $394 4.93%
    30 Year 3 $325,000 $108,333 $4,325 5.48%
    3 Year 1 $5,000 $5,000 $0 15.50%

    For 2018, United Texas Credit Union's most frequently cited loan duration was 15 Year, with 34 originations. The 2nd most popular length was Other, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3 $325,000 $108,333
    $<1k 1 $105,000 $105,000

    United Texas Credit Union's average total fees were $4,325, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 47 $4,695,000 $99,894
    5-6% 43 $3,805,000 $88,488
    6-7% 19 $2,035,000 $107,105
    3-4% 8 $670,000 $83,750
    Over 8% 3 $15,000 $5,000
    7-8% 1 $105,000 $105,000

    During 2018, United Texas Credit Union's average interest rate for loans was 5.48%, while their most frequently originated rate bucket for loans was 4-5%, with 47 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 82 $4,120,000 $50,244 $512 5.55%
    $100k-200k 28 $3,950,000 $141,071 $1,067 5.19%
    $200k-400k 11 $2,685,000 $244,091 $995 5.21%
    $400k-600k 1 $585,000 $585,000 $0 6.00%

    2018 saw United Texas Credit Union place emphasis on $100,000 or less loans with 82 originations, totaling $4,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $4,275,000 $122,143 $737 5.15%
    $50k-75k 24 $1,470,000 $61,250 $921 5.73%
    $75k-100k 19 $1,525,000 $80,263 $735 5.94%
    $150k-250k 15 $1,835,000 $122,333 $652 5.65%
    $50k or less 15 $675,000 $45,000 $366 4.79%
    $250k+ 1 $145,000 $145,000 $650 4.60%

    United Texas Credit Union lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $2,940,000 $98,000 $753 5.26%
    <20% 16 $1,410,000 $88,125 $977 4.76%
    30-36% 12 $1,140,000 $95,000 $574 5.31%
    39% 7 $595,000 $85,000 $515 5.41%
    43% 7 $515,000 $73,571 $566 5.19%
    38% 6 $570,000 $95,000 $417 5.47%
    44% 4 $450,000 $112,500 $688 5.13%
    40% 4 $360,000 $90,000 $624 4.94%
    46% 4 $210,000 $52,500 $430 5.18%
    36% 3 $315,000 $105,000 $1,848 5.56%
    45% 3 $295,000 $98,333 $456 4.70%
    41% 2 $480,000 $240,000 $763 5.53%
    37% 2 $80,000 $40,000 $363 6.00%
    42% 2 $200,000 $100,000 $829 5.23%
    49% 2 $20,000 $10,000 $425 9.48%
    50-60% 1 $315,000 $315,000 $878 6.25%

    United Texas Credit Union lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? <20%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $9,230,000 $90,490 $718 5.33%
    Not applicable 14 $1,480,000 $105,714 $380 5.47%
    Asian 2 $390,000 $195,000 $611 5.93%
    Other Asian 1 $185,000 $185,000 $872 3.90%
    Filipino 1 $35,000 $35,000 $377 7.00%
    Black 2 $20,000 $10,000 $0 14.50%

    Approval Rates

    Total approvals of all applications
    90.07%

    United Texas Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.90%

    United Texas Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 122 $11,340,000 $92,951

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $5,000 $5,000
    Single Family (1-4 Units):Site-Built 121 $11,335,000 $93,678

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $1,930,000 $68,929 $464 5.17%
    40-60% 26 $3,050,000 $117,308 $1,029 5.40%
    60-80% 36 $5,100,000 $141,667 $940 5.18%
    80-100% 3 $555,000 $185,000 $727 5.78%
    Under 20% 26 $690,000 $26,538 $437 5.16%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED GUARANTY CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    UNITED GUARANTY CORPORATION Other type of mortgage Struggling to pay mortgage 1 33.3%
    UNITED GUARANTY CORPORATION FHA mortgage Trouble during payment process 1 33.3%