United Consumers Credit Union Mortgage Rates, Fees & Info

Independence, MO

LEI: 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 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 Lawrence 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.

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Originations

62

Origination Dollar Volume (All Markets)

$8,920,000

Awards

UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans gold UNITED CONSUMERS CREDIT UNION 30 Year Conventional Loans gold
Show all (2) 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) 48 $7,090,000 $147,708 $2,301 4.29%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 8 $880,000 $110,000 $1,976 4.03%
Outside of Metro Areas 5 $615,000 $123,000 $2,660 4.23%
LAWRENCE, KS (FHA|USDA|VA) 1 $335,000 $335,000 $3,316 3.88%
United Consumers Credit Union's top markets include Kansas City, St. Joseph, and Lawrence 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: 160
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 651
    Central Bank of Warrensburg
    Similarity Rank: 1032
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    Capitol Federal Savings Bank
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    Similarity Rank: 2184
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $8,920,000 $143,871 $2,304 4.24%

    For 2019, United Consumers Credit Union's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 33 $4,675,000 $141,667 $2,114 4.31%
    Cash Out Refi 16 $2,370,000 $148,125 $2,652 4.20%
    Refi 6 $970,000 $161,667 $2,339 4.06%
    Other 4 $650,000 $162,500 $2,407 4.09%
    Home Improvement 3 $255,000 $85,000 $2,280 4.25%

    For 2019, United Consumers Credit Union's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 39 $6,415,000 $164,487 $2,194 4.19%
    15 Year 11 $1,295,000 $117,727 $2,362 4.14%
    10 Year 6 $300,000 $50,000 $2,312 4.42%
    20 Year 4 $680,000 $170,000 $3,041 4.63%
    5 Year 1 $25,000 $25,000 $1,787 4.50%
    Other 1 $205,000 $205,000 $3,546 4.50%

    For 2019, United Consumers Credit Union's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 42 $6,460,000 $153,810
    $1k-2k 14 $1,440,000 $102,857
    $2k-3k 5 $955,000 $191,000

    United Consumers Credit Union's average total fees were $2,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 31 $4,795,000 $154,677
    3-4% 26 $3,890,000 $149,615
    5-6% 5 $235,000 $47,000

    During 2019, United Consumers Credit Union's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 4-5%, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 26 $1,600,000 $61,538 $2,279 4.50%
    $100k-200k 23 $3,135,000 $136,304 $2,050 3.98%
    $200k-400k 11 $3,275,000 $297,727 $2,882 4.19%
    $400k-600k 2 $910,000 $455,000 $2,376 4.25%

    2019 saw United Consumers Credit Union place emphasis on $100,000 or less loans with 26 originations, totaling $1,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $1,805,000 $106,176 $2,301 4.12%
    $50k or less 17 $1,415,000 $83,235 $1,970 4.35%
    $75k-100k 12 $1,960,000 $163,333 $2,257 4.28%
    $100k-150k 8 $1,520,000 $190,000 $2,635 4.13%
    $150k-250k 7 $1,735,000 $247,857 $2,769 4.34%
    $250k+ 1 $485,000 $485,000 $2,666 4.25%

    United Consumers Credit Union lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 15 $2,565,000 $171,000 $2,187 4.12%
    30-36% 13 $1,615,000 $124,231 $2,096 4.57%
    <20% 9 $965,000 $107,222 $2,505 4.07%
    41% 5 $885,000 $177,000 $2,078 4.25%
    42% 4 $710,000 $177,500 $2,340 4.00%
    40% 3 $595,000 $198,333 $2,315 3.79%
    50-60% 2 $260,000 $130,000 $2,829 4.50%
    43% 2 $200,000 $100,000 $2,167 4.31%
    45% 2 $70,000 $35,000 $2,207 5.00%
    39% 2 $180,000 $90,000 $2,138 4.13%
    36% 2 $480,000 $240,000 $3,271 4.50%
    38% 1 $165,000 $165,000 $2,212 3.63%
    37% 1 $65,000 $65,000 $3,679 3.63%
    44% 1 $165,000 $165,000 $2,238 4.50%

    United Consumers Credit Union lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $6,365,000 $135,426 $2,274 4.22%
    American Indian 3 $1,075,000 $358,333 $2,333 4.33%
    Not provided 5 $825,000 $165,000 $2,942 3.80%
    Black 5 $465,000 $93,000 $2,141 4.90%
    Asian 2 $190,000 $95,000 $1,779 4.13%

    Approval Rates

    Total approvals of all applications
    88.70%

    United Consumers Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    41.94%

    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 62 $8,920,000 $143,871

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 62 $8,920,000 $143,871

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $135,000 $45,000 $2,405 4.08%
    40-60% 7 $1,095,000 $156,429 $2,114 4.07%
    60-80% 25 $3,325,000 $133,000 $2,479 4.28%
    80-100% 26 $4,340,000 $166,923 $2,179 4.26%
    Under 20% 1 $25,000 $25,000 $2,330 4.50%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    UNITED GUARANTY CORPORATION Conventional home mortgage Struggling to pay mortgage 1 50.0%
    UNITED GUARANTY CORPORATION Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%