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

Jump to:

  • 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 loans. United Texas Credit Union has a high proportion of conventional loans. Their top two markets are San Antonio and San Angelo .

    United Texas Credit Union has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.94% 4/28/24
    30 Year Conventional Refi 6.85% 4/28/24
    30 Year Cash-out Refi 6.87% 4/28/24
    15 Year Conventional Purchase 6.18% 4/28/24
    15 Year Conventional Refi 6.35% 4/28/24
    15 Year Cash-out Refi 6.35% 4/28/24
    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

    108

    Origination Dollar Volume (All Markets)

    $11,010,000

    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) 106 $10,570,000 $99,717 $671 5.14%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.50%
    Outside of Metro Areas 1 $35,000 $35,000 $520 4.90%
    United Texas Credit Union's top markets include San Antonio and San Angelo 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: 220
    AAXY L.L.C.
    Similarity Rank: 672
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 756
    FC LENDING, LTD.
    Similarity Rank: 815
    Resource One Credit Union
    Similarity Rank: 1140
    TEXANS
    Similarity Rank: 1204
    NEIGHBORHOOD
    Similarity Rank: 1228
    PIKE CREEK MORTGAGE SERVICES, INC.
    Similarity Rank: 1368
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1539
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1617

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $11,010,000 $101,944 $670 5.14%

    For 2019, United Texas Credit Union's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 74 $8,170,000 $110,405 $721 5.14%
    Refi 21 $2,045,000 $97,381 $613 4.66%
    Home Improvement 9 $265,000 $29,444 $476 6.03%
    Other 3 $125,000 $41,667 $419 5.88%
    Home Purchase 1 $405,000 $405,000 $0 5.50%

    For 2019, United Texas Credit Union's most frequently cited loan purpose was Cash Out Refi, with 74 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 30 $5,160,000 $172,000 $816 5.01%
    Other 25 $2,345,000 $93,800 $538 5.19%
    15 Year 17 $1,785,000 $105,000 $561 5.17%
    10 Year 17 $845,000 $49,706 $514 5.79%
    5 Year 13 $455,000 $35,000 $396 4.75%
    1 Year 4 $380,000 $95,000 $2,440 4.92%
    3 Year 2 $40,000 $20,000 $414 3.67%

    For 2019, United Texas Credit Union's most frequently cited loan duration was 20 Year, with 30 originations. The 2nd most popular length was Other, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 42 $5,310,000 $126,429
    5-6% 27 $2,525,000 $93,519
    6-7% 25 $1,785,000 $71,400
    3-4% 13 $1,305,000 $100,385

    During 2019, United Texas Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 63 $3,295,000 $52,302 $494 5.37%
    $100k-200k 36 $5,040,000 $140,000 $887 4.86%
    $200k-400k 7 $1,865,000 $266,429 $1,079 4.61%
    $400k-600k 2 $810,000 $405,000 $878 4.87%

    2019 saw United Texas Credit Union place emphasis on $100,000 or less loans with 63 originations, totaling $3,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $2,560,000 $91,429 $542 5.08%
    $75k-100k 26 $2,080,000 $80,000 $515 5.06%
    $100k-150k 23 $2,775,000 $120,652 $1,099 5.40%
    $50k or less 16 $1,480,000 $92,500 $549 4.89%
    $150k-250k 14 $1,950,000 $139,286 $628 5.34%
    $250k+ 1 $165,000 $165,000 $653 4.24%

    United Texas Credit Union lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $3,350,000 $93,056 $582 5.06%
    30-36% 23 $2,635,000 $114,565 $686 5.18%
    <20% 8 $510,000 $63,750 $1,462 4.80%
    36% 5 $625,000 $125,000 $591 5.05%
    41% 4 $430,000 $107,500 $631 4.97%
    38% 4 $380,000 $95,000 $765 6.31%
    43% 4 $480,000 $120,000 $448 5.17%
    44% 4 $210,000 $52,500 $378 5.71%
    37% 3 $565,000 $188,333 $799 4.31%
    42% 3 $295,000 $98,333 $544 5.08%
    45% 3 $245,000 $81,667 $577 5.00%
    40% 2 $250,000 $125,000 $629 5.65%
    39% 2 $180,000 $90,000 $563 5.42%
    50-60% 2 $230,000 $115,000 $652 4.10%
    >60% 1 $25,000 $25,000 $380 6.00%
    47% 1 $55,000 $55,000 $377 7.00%

    United Texas Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $10,300,000 $103,000 $666 5.12%
    Black 5 $385,000 $77,000 $660 5.69%
    Asian Indian 1 $195,000 $195,000 $875 4.20%
    Asian 1 $115,000 $115,000 $650 4.24%
    Other Asian 1 $15,000 $15,000 $878 6.50%

    Approval Rates

    Total approvals of all applications
    88.28%

    United Texas Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.37%

    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 108 $11,010,000 $101,944

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 108 $11,010,000 $101,944

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $790,000 $56,429 $435 5.49%
    40-60% 26 $3,000,000 $115,385 $617 4.88%
    60-80% 32 $5,000,000 $156,250 $999 4.91%
    80-100% 9 $1,315,000 $146,111 $570 5.03%
    Under 20% 27 $905,000 $33,519 $474 5.55%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED GUARANTY CORPORATION Conventional home mortgage Struggling to pay mortgage 1 50.0%
    UNITED GUARANTY CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%