United Consumers Credit Union Mortgage Rates, Fees & Info

Independence, MO

LEI: 549300D5WZYDJFZQJ463

Tax ID: 44-0541384

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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 Consumers Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. United Consumers Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Joseph, and Warrensburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Consumers Credit Union has an 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 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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    Originations

    60

    Origination Dollar Volume (All Markets)

    $6,580,000

    Awards

    UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) awards

    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) 53 $5,555,000 $104,811 $2,398 4.83%
    Outside of Metro Areas 3 $785,000 $261,667 $2,814 5.00%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 3 $165,000 $55,000 $3,437 4.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,934 4.75%
    United Consumers Credit Union's top markets include Kansas City, St. Joseph, and Warrensburg among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • 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.

    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    KCB Bank
    Similarity Rank: 108
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 146
    Clay County Savings Bank
    Similarity Rank: 148
    First State Bank and Trust
    Similarity Rank: 580
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 608
    Central National Bank
    Similarity Rank: 696
    Central Bank of Warrensburg
    Similarity Rank: 819
    R-G Federal Credit Union
    Similarity Rank: 825
    Mid-America Bank
    Similarity Rank: 936

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $6,580,000 $109,667 $2,480 4.82%

    For 2018, United Consumers Credit Union's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $3,545,000 $122,241 $2,463 4.79%
    Cash Out Refi 20 $2,130,000 $106,500 $2,391 4.86%
    Other 5 $495,000 $99,000 $3,126 4.98%
    Home Improvement 3 $215,000 $71,667 $2,370 4.83%
    Refi 3 $195,000 $65,000 $2,261 4.46%

    For 2018, United Consumers Credit Union's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 28 $4,280,000 $152,857 $2,666 4.95%
    15 Year 18 $1,420,000 $78,889 $2,188 4.66%
    10 Year 7 $305,000 $43,571 $2,292 4.55%
    20 Year 7 $575,000 $82,143 $2,674 4.95%

    For 2018, United Consumers Credit Union's most frequently cited loan duration was 30 Year, with 28 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 41 $5,295,000 $129,146
    $1k-2k 15 $895,000 $59,667
    $2k-3k 4 $390,000 $97,500

    United Consumers Credit Union's average total fees were $2,666, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 41 $4,575,000 $111,585
    5-6% 16 $1,480,000 $92,500
    3-4% 3 $525,000 $175,000

    During 2018, United Consumers Credit Union's average interest rate for loans was 4.95%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,990,000 $55,278 $2,418 4.92%
    $100k-200k 14 $2,060,000 $147,143 $2,273 4.79%
    $200k-400k 9 $2,105,000 $233,889 $2,983 4.40%
    $400k-600k 1 $425,000 $425,000 $3,055 5.38%

    2018 saw United Consumers Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,465,000 $117,381 $2,603 4.83%
    $50k or less 19 $1,235,000 $65,000 $2,136 4.93%
    $100k-150k 11 $1,695,000 $154,091 $2,863 4.65%
    $75k-100k 8 $760,000 $95,000 $2,373 4.67%
    $150k-250k 1 $425,000 $425,000 $3,055 5.38%

    United Consumers Credit Union lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 14 $1,460,000 $104,286 $2,656 4.70%
    <20% 9 $565,000 $62,778 $2,255 4.72%
    30-36% 8 $840,000 $105,000 $2,621 4.78%
    42% 5 $865,000 $173,000 $2,013 5.08%
    44% 3 $135,000 $45,000 $2,602 5.42%
    40% 3 $285,000 $95,000 $2,307 5.13%
    43% 3 $355,000 $118,333 $2,135 5.00%
    >60% 2 $250,000 $125,000 $3,891 4.56%
    41% 2 $160,000 $80,000 $3,324 5.00%
    37% 2 $330,000 $165,000 $2,164 4.63%
    46% 2 $330,000 $165,000 $2,186 4.44%
    47% 2 $200,000 $100,000 $2,642 4.56%
    50-60% 1 $65,000 $65,000 $1,864 4.75%
    38% 1 $225,000 $225,000 $2,096 4.88%
    49% 1 $235,000 $235,000 $2,384 4.75%
    39% 1 $125,000 $125,000 $2,194 4.88%
    45% 1 $155,000 $155,000 $2,186 4.88%

    United Consumers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $4,980,000 $95,769 $2,427 4.82%
    Not provided 3 $855,000 $285,000 $4,054 4.58%
    Black 3 $465,000 $155,000 $1,839 4.88%
    American Indian 1 $235,000 $235,000 $2,384 4.75%
    Asian 1 $45,000 $45,000 $2,512 5.13%

    Approval Rates

    Total approvals of all applications
    83.33%

    United Consumers Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.00%

    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 60 $6,580,000 $109,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 59 $6,505,000 $110,254

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $315,000 $45,000 $2,081 4.68%
    40-60% 10 $930,000 $93,000 $2,828 4.59%
    60-80% 27 $2,865,000 $106,111 $2,713 4.89%
    80-100% 16 $2,470,000 $154,375 $2,043 4.89%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    UNITED GUARANTY CORPORATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    UNITED GUARANTY CORPORATION Other type of mortgage Struggling to pay mortgage 1 33.3%
    UNITED GUARANTY CORPORATION FHA mortgage Trouble during payment process 1 33.3%