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. 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.

    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

    128

    Origination Dollar Volume (All Markets)

    $14,930,000

    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) 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%
    United Texas Credit Union's top markets include San Antonio, Palestine, Austin, Uvalde, and Mcallen 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.

    AAXY L.L.C.
    Similarity Rank: 909
    Beeline Loans, Inc.
    Similarity Rank: 989
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1292
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1855
    TEXAS TRUST
    Similarity Rank: 1885
    DATCU
    Similarity Rank: 1900
    Credence Funding Corporation
    Similarity Rank: 1920
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1928
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1932
    UNION SQUARE
    Similarity Rank: 2464

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 104 $11,420,000 $109,808 $2,425 4.30%
    Refi 14 $2,530,000 $180,714 $2,127 4.18%
    Home Improvement 5 $245,000 $49,000 $493 3.95%
    Home Purchase 4 $650,000 $162,500 $2,502 4.16%
    Other 1 $85,000 $85,000 $613 3.55%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 43 $6,985,000 $162,442 $2,817 4.24%
    Other 35 $2,485,000 $71,000 $3,382 4.38%
    15 Year 28 $3,390,000 $121,071 $754 4.28%
    5 Year 11 $415,000 $37,727 $467 3.89%
    10 Year 5 $335,000 $67,000 $485 4.70%
    30 Year 5 $1,265,000 $253,000 $6,212 3.98%
    1 Year 1 $55,000 $55,000 $882 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,385,000 $60,068 $1,673 4.38%
    $100k-200k 33 $4,665,000 $141,364 $4,066 4.16%
    $200k-400k 19 $4,585,000 $241,316 $1,519 3.97%
    $400k-600k 3 $1,295,000 $431,667 $3,658 4.47%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $2,525,000 $87,069 $4,103 4.06%
    $75k-100k 26 $2,690,000 $103,462 $579 4.48%
    $100k-150k 22 $3,150,000 $143,182 $1,317 4.36%
    $50k or less 22 $1,820,000 $82,727 $4,754 4.21%
    $150k-250k 19 $2,845,000 $149,737 $887 4.13%
    $250k+ 10 $1,900,000 $190,000 $738 4.41%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 34 $3,670,000 $107,941 $3,686 4.26%
    30-36% 26 $3,510,000 $135,000 $887 4.27%
    <20% 19 $2,005,000 $105,526 $604 3.90%
    37% 9 $1,275,000 $141,667 $11,128 4.01%
    36% 6 $830,000 $138,333 $574 4.31%
    41% 4 $290,000 $72,500 $416 3.91%
    38% 4 $280,000 $70,000 $522 4.95%
    39% 4 $610,000 $152,500 $771 4.47%
    40% 4 $760,000 $190,000 $2,676 4.66%
    44% 4 $560,000 $140,000 $810 4.56%
    45% 4 $190,000 $47,500 $547 4.55%
    >60% 3 $315,000 $105,000 $665 4.87%
    46% 2 $160,000 $80,000 $628 4.75%
    42% 2 $210,000 $105,000 $668 5.70%
    43% 2 $200,000 $100,000 $1,629 3.71%
    50-60% 1 $65,000 $65,000 $536 3.80%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $14,155,000 $116,983 $2,406 4.23%
    Black 4 $490,000 $122,500 $664 4.54%
    Asian 3 $285,000 $95,000 $518 5.10%

    Approval Rates

    Total approvals of all applications
    93.24%

    United Texas Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.19%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $2,760,000 $76,667 $511 4.35%
    40-60% 29 $3,235,000 $111,552 $7,024 4.10%
    60-80% 35 $6,815,000 $194,714 $1,464 4.00%
    80-100% 9 $1,505,000 $167,222 $1,284 4.61%
    Under 20% 19 $615,000 $32,368 $452 4.65%

    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%