United Texas Credit Union Mortgage Rates, Fees & Info
San Antonio, TXLEI: 549300B0SOOJLUT6U297
Tax ID: 74-1241284
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Mortgage Data
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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: San Antonio, Palestine, Austin, Uvalde, and Mcallen 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 an average 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 about average 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.
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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
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This is not an official calculator from United Texas Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
128Origination Dollar Volume (All Markets)
$14,930,000Top 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 |
|---|---|---|---|---|---|
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 123 | $14,475,000 | $117,683 | $2,358 | 4.27% |
| Palestine, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,877 | 3.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $633 | 3.95% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $623 | 3.70% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $510 | 4.30% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $549 | 4.40% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 127 | $14,805,000 | $116,575 | $2,318 | 4.27% |
| FHA | 1 | $125,000 | $125,000 | $789 | 3.59% |
For 2020, United Texas Credit Union's most frequently originated type of loan was Conventional, with 127 originations. Their 2nd most popular type was FHA, with 1 originations.
Loan Reason
For 2020, United Texas Credit Union's most frequently cited loan purpose was Cash Out Refi, with 104 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
For 2020, United Texas Credit Union's most frequently cited loan duration was 20 Year, with 43 originations. The 2nd most popular length was Other, with 35 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $2k-3k | 3 | $485,000 | $161,667 |
| $<1k | 2 | $520,000 | $260,000 |
| $3k-4k | 1 | $275,000 | $275,000 |
| $5k+ | 1 | $445,000 | $445,000 |
United Texas Credit Union's average total fees were $6,212, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 61 | $7,645,000 | $125,328 |
| 4-5% | 36 | $4,420,000 | $122,778 |
| 5-6% | 18 | $1,590,000 | $88,333 |
| 6-7% | 6 | $380,000 | $63,333 |
| 2.5-3% | 3 | $525,000 | $175,000 |
During 2020, United Texas Credit Union's average interest rate for loans was 3.98%, while their most frequently originated rate bucket for loans was 3-4%, with 61 originations.
Loan Sizing
2020 saw United Texas Credit Union place emphasis on $100,000 or less loans with 73 originations, totaling $4,385,000 in origination value.
Applicant Income
United Texas Credit Union lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $75k-100k, with 26 originations.
Applicant Debt to Income Ratio
United Texas Credit Union lent most frequently to those with DTI ratios of 20-30%, with 34 originations. The next most common DTI ratio? 30-36%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.24%
United Texas Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination92.19%
United Texas Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6380.15 | 1 | $265,000 | $265,000 |
| NA | 127 | $14,665,000 | $115,472 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 128 | $14,930,000 | $116,641 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED GUARANTY CORPORATION | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 100.0% |