United Consumers Credit Union Mortgage Rates, Fees & Info
Independence, MOLEI: 549300D5WZYDJFZQJ463
Tax ID: 44-0541384
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Mortgage Data
Review & Overview
United Consumers Credit Union is a smaller credit union specializing in Home Purchase loans. United Consumers Credit Union has a high proportion of conventional loans. Their top (well, only) market is Kansas City.United Consumers Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. United Consumers 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.
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Originations
4Origination Dollar Volume (All Markets)
$530,000Relative Rate
United Consumers Credit Union's average 30 year fixed mortgage rate was
6.53%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.05%.
Relative Fees (Closing Costs)
United Consumers Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,621.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $2,621 | 6.53% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNITED CONSUMERS CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 280
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 4 | $530,000 | $132,500 | $2,621 | 6.53% |
For 2023, United Consumers Credit Union's most frequently originated type of loan was Conventional, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $350,000 | $175,000 | $2,921 | 6.50% |
| Refi | 1 | $105,000 | $105,000 | $2,346 | 6.38% |
| Cash Out Refi | 1 | $75,000 | $75,000 | $2,296 | 6.75% |
For 2023, United Consumers Credit Union's most frequently cited loan purpose was Home Purchase, with 2 originations. The 2nd most popular reason was Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4 | $530,000 | $132,500 | $2,621 | 6.53% |
For 2023, United Consumers Credit Union's most frequently cited loan duration was 30 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3 | $275,000 | $91,667 |
| $1k-2k | 1 | $255,000 | $255,000 |
United Consumers Credit Union's average total fees were $2,621, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4 | $530,000 | $132,500 |
During 2023, United Consumers Credit Union's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 6-7%, with 4 originations.
Loan Sizing
2023 saw United Consumers Credit Union place emphasis on $100,000 or less loans with 2 originations, totaling $170,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 3 | $275,000 | $91,667 | $2,378 | 6.58% |
| $100k-150k | 1 | $255,000 | $255,000 | $3,349 | 6.38% |
United Consumers Credit Union lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 3 | $425,000 | $141,667 | $2,713 | 6.58% |
| 50-60% | 1 | $105,000 | $105,000 | $2,346 | 6.38% |
United Consumers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 50-60%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 4 | $530,000 | $132,500 | $2,621 | 6.53% |
Approval Rates
Total approvals of all applications68.42%
United Consumers Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination-300.00%
United Consumers Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4 | $530,000 | $132,500 |