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 and Home Purchase loans. United Texas Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Antonio, Fort Wayne, Houston, Dallas, and Austin among others. We have data for 12 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 high 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% | 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
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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
142Origination Dollar Volume (All Markets)
$23,950,000Top 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) | 113 | $15,825,000 | $140,044 | $2,672 | 3.95% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 4.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $8,541 | 3.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 11 | $1,365,000 | $124,091 | $10,008 | 3.91% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,275,000 | $425,000 | $2,298 | 3.59% |
| Outside of Metro Areas | 3 | $815,000 | $271,667 | $10,516 | 4.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,780 | 3.25% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,061 | 3.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.25% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $583 | 4.04% |
| Uvalde, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $486 | 3.95% |
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 | 141 | $23,505,000 | $166,702 | $3,430 | 3.93% |
| HELOC | 1 | $445,000 | $445,000 | n/a | 4.00% |
For 2021, United Texas Credit Union's most frequently originated type of loan was Conventional, with 141 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2021, United Texas Credit Union's most frequently cited loan purpose was Cash Out Refi, with 91 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
For 2021, United Texas Credit Union's most frequently cited loan duration was Other, with 30 originations. The 2nd most popular length was 30 Year, with 30 originations.
Origination Fees/Closing Costs
United Texas Credit Union's average total fees were $10,016, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 75 | $13,575,000 | $181,000 |
| 4-5% | 38 | $5,780,000 | $152,105 |
| 5-6% | 16 | $1,310,000 | $81,875 |
| 2.5-3% | 8 | $1,300,000 | $162,500 |
During 2021, United Texas Credit Union's average interest rate for loans was 3.56%, while their most frequently originated rate bucket for loans was 3-4%, with 75 originations.
Loan Sizing
2021 saw United Texas Credit Union place emphasis on $100,000 or less loans with 63 originations, totaling $3,225,000 in origination value.
Applicant Income
United Texas Credit Union lent most frequently to those with incomes in the $100k-150k range, with 37 originations. The second most popular income band? $50k-75k, with 27 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? <20%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.21%
United Texas Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.66%
United Texas Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 142 | $23,950,000 | $168,662 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED COMMUNITY BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Trouble during payment process | 1 | 20.0% |
| UNITED COMMUNITY BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| UNITED COMMUNITY BANK | Conventional home mortgage | Trouble during payment process | 1 | 20.0% |