University Lending Group Mortgage Rates, Fees & Info
ANN ARBOR, MILEI: 549300DZCP6EQ7DCSD79
Tax ID: 26-1717830
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Mortgage Data
Review & Overview
University Lending Group is a smaller mortgage company specializing in Home Purchase loans. University Lending Group has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pensacola, Tallahassee, Crestview, Ann Arbor, and Detroit among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)University Lending Group has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. University Lending Group 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.04% | 6/7/23 |
| 30 Year Conventional Purchase | 6.72% | 6/7/23 |
| 30 Year Conventional Refi | 6.65% | 6/7/23 |
| 30 Year Cash-out Refi | 6.87% | 6/7/23 |
| 30 Year FHA Purchase | 7.41% | 6/7/23 |
| 30 Year FHA Refi | 7.29% | 6/7/23 |
| 30 Year VA Purchase | 6.25% | 6/7/23 |
| 30 Year VA Refi | 6.23% | 6/7/23 |
| 30 Year USDA Purchase | 6.93% | 6/7/23 |
| 15 Year Conventional Purchase | 6.52% | 6/7/23 |
| 15 Year Conventional Refi | 6.39% | 6/7/23 |
| 15 Year Cash-out Refi | 6.39% | 6/7/23 |
| 15 Year FHA Purchase | 7.13% | 6/7/23 |
| 15 Year VA Purchase | 5.83% | 6/7/23 |
| 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. | ||
University Lending Group Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from University Lending Group. 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
2,156Origination Dollar Volume (All Markets)
$637,100,000Awards
UNIVERSITY LENDING GROUP - 2022
UNIVERSITY LENDING GROUP is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
University Lending Group's average 30 year fixed mortgage rate was
4.73%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.03%.
Relative Fees (Closing Costs)
University Lending Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,820.
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 $4,750.
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 |
|---|---|---|---|---|---|
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 410 | $137,470,000 | $335,293 | $8,189 | 4.56% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 489 | $129,035,000 | $263,875 | $6,823 | 4.69% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 234 | $78,740,000 | $336,496 | $9,150 | 4.47% |
| ANN ARBOR, MI (FHA|USDA|VA) | 214 | $71,030,000 | $331,916 | $5,096 | 4.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 242 | $53,070,000 | $219,298 | $4,986 | 4.89% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 158 | $40,860,000 | $258,608 | $5,395 | 4.54% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 34 | $22,110,000 | $650,294 | $5,640 | 5.98% |
| Outside of Metro Areas | 44 | $12,300,000 | $279,545 | $6,561 | 4.88% |
| Crawfordsville, IN (FHA|USDA|VA) | 63 | $10,205,000 | $161,984 | $4,082 | 4.67% |
| SAN ANGELO, TX (FHA|USDA|VA) | 21 | $5,165,000 | $245,952 | $9,833 | 4.70% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 13 | $5,095,000 | $391,923 | $7,685 | 4.82% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 13 | $4,895,000 | $376,538 | $7,899 | 5.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $4,190,000 | $523,750 | $11,034 | 5.45% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $3,415,000 | $487,857 | $0 | 6.37% |
| Adrian, MI (FHA|USDA|VA) | 12 | $2,640,000 | $220,000 | $4,983 | 5.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,425,000 | $485,000 | $11,228 | 5.29% |
| PANAMA CITY, FL (FHA|USDA|VA) | 10 | $2,410,000 | $241,000 | $7,348 | 4.51% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,390,000 | $597,500 | $0 | 5.22% |
| MONROE, MI (FHA|USDA|VA) | 11 | $2,205,000 | $200,455 | $5,834 | 4.69% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $2,090,000 | $174,167 | $3,788 | 5.05% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 10 | $1,960,000 | $196,000 | $5,317 | 5.01% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $5,418 | 4.63% |
| JACKSON, MI (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $5,898 | 4.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $7,290 | 5.02% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $6,474 | 5.37% |
| Thomasville, GA (FHA|USDA|VA) | 4 | $1,420,000 | $355,000 | $9,246 | 4.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $0 | 5.58% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $7,636 | 4.38% |
| ST. GEORGE, UT (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $0 | 5.03% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $0 | 6.41% |
| FLINT, MI (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $5,227 | 4.85% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $6,260 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $7,795 | 4.90% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $0 | 5.85% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $5,858 | 4.71% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $4,208 | 3.47% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $0 | 5.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $3,706 | 4.48% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $10,633 | 5.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $0 | 6.15% |
| Enterprise, AL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 6.47% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $3,871 | 4.53% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 6.03% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $11,272 | 4.13% |
| Hillsdale, MI (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $7,214 | 5.37% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 7.05% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 4.40% |
| Boone, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 5.64% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 5.20% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,598 | 4.25% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $10,562 | 4.88% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $12,451 | 3.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $28,482 | 5.63% |
| Marquette, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,511 | 4.25% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,028 | 3.94% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $6,347 | 3.63% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $17,366 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 5.68% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,866 | 4.31% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $4,141 | 5.25% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,046 | 4.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 7.28% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $12,211 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $16,806 | 5.13% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,483 | 3.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $13,258 | 4.13% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,456 | 3.88% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.46% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.33% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.12% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 7.62% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.37% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.62% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,994 | 4.75% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,695 | 3.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.44% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,040 | 5.99% |
| Lake City, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $9,340 | 5.88% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.93% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.35% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,052 | 5.13% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.34% |
| Troy, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,147 | 5.50% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,787 | 5.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.48% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.63% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,512 | 5.25% |
| Ludington, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,349 | 3.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,134 | 3.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,758 | 5.99% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,285 | 5.00% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,217 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,255 | 4.13% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,393 | 4.13% |
| Houghton, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,430 | 3.88% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $5,253 | 4.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against UNIVERSITY LENDING GROUP 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
For 2022, University Lending Group's most frequently originated type of loan was Conventional, with 1,240 originations. Their 2nd most popular type was VA, with 413 originations.
Loan Reason
For 2022, University Lending Group's most frequently cited loan purpose was Home Purchase, with 1,893 originations. The 2nd most popular reason was Refi, with 125 originations.
Loan Duration/Length
For 2022, University Lending Group's most frequently cited loan duration was 30 Year, with 2,050 originations. The 2nd most popular length was 15 Year, with 54 originations.
Origination Fees/Closing Costs
University Lending Group's average total fees were $6,820, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 667 originations.
Interest Rates
During 2022, University Lending Group's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 739 originations.
Loan Sizing
2022 saw University Lending Group place emphasis on $200k-400k loans with 1,124 originations, totaling $324,370,000 in origination value.
Applicant Income
University Lending Group lent most frequently to those with incomes in the $50k-75k range, with 590 originations. The second most popular income band? $100k-150k, with 478 originations.
Applicant Debt to Income Ratio
University Lending Group lent most frequently to those with DTI ratios of 30-36%, with 354 originations. The next most common DTI ratio? 20-30%, with 349 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.29%
University Lending Group has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination69.90%
University Lending Group 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 | 2,156 | $637,100,000 | $295,501 |