University Lending Group Mortgage Rates, Fees & Info
ANN ARBOR, MILEI: 549300DZCP6EQ7DCSD79
Tax ID: 26-1717830
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Overview
University Lending Group is a small 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 include Pensacola, Tallahassee, Ann Arbor, Crestview, and Detroit among others. University Lending Group has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. University Lending Group is typically an average fee lendor.Originations
4,641Origination Dollar Volume (All Markets)
$1,180,315,000Awards
UNIVERSITY LENDING GROUP - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
University Lending Group 's average 30 year fixed rate mortgage of loans were
3.17%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.02%.
Relative Fees
University Lending Group 's average total fees for a 30 year fixed rate
mortgage are $5,160.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 882 | $246,490,000 | $279,467 | $5,988 | 3.04% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 941 | $217,455,000 | $231,089 | $5,307 | 3.12% |
| ANN ARBOR, MI (FHA|USDA|VA) | 644 | $173,580,000 | $269,534 | $3,525 | 3.09% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 381 | $119,705,000 | $314,186 | $7,141 | 2.97% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 569 | $114,875,000 | $201,889 | $3,787 | 3.24% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 375 | $95,225,000 | $253,933 | $4,466 | 3.20% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 70 | $30,910,000 | $441,571 | $4,580 | 3.65% |
| Crawfordsville, IN (FHA|USDA|VA) | 153 | $24,285,000 | $158,725 | $3,681 | 3.12% |
| Outside of Metro Areas | 88 | $17,970,000 | $204,205 | $5,303 | 3.26% |
| SAN ANGELO, TX (FHA|USDA|VA) | 61 | $14,155,000 | $232,049 | $6,881 | 3.15% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 28 | $9,100,000 | $325,000 | $5,320 | 3.30% |
| JACKSON, MI (FHA|USDA|VA) | 38 | $6,580,000 | $173,158 | $3,808 | 3.29% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 19 | $6,175,000 | $325,000 | $5,221 | 3.11% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $5,940,000 | $594,000 | $7,283 | 3.80% |
| Adrian, MI (FHA|USDA|VA) | 28 | $5,440,000 | $194,286 | $3,678 | 3.09% |
| MONROE, MI (FHA|USDA|VA) | 28 | $5,300,000 | $189,286 | $4,070 | 3.26% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 13 | $5,165,000 | $397,308 | $0 | 4.32% |
| PANAMA CITY, FL (FHA|USDA|VA) | 18 | $4,980,000 | $276,667 | $5,029 | 2.94% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 19 | $4,975,000 | $261,842 | $3,501 | 3.16% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $4,020,000 | $335,000 | $5,297 | 3.89% |
| FLINT, MI (FHA|USDA|VA) | 22 | $3,650,000 | $165,909 | $3,554 | 3.14% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 23 | $3,545,000 | $154,130 | $3,641 | 3.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,570,000 | $321,250 | $5,493 | 2.94% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $2,540,000 | $254,000 | $7,604 | 2.83% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $2,300,000 | $575,000 | $0 | 4.60% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 8 | $2,210,000 | $276,250 | $3,758 | 3.58% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 8 | $2,140,000 | $267,500 | $6,554 | 3.76% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 5 | $2,085,000 | $417,000 | $7,037 | 3.73% |
| Traverse City, MI (FHA|USDA|VA) | 7 | $1,995,000 | $285,000 | $3,662 | 3.05% |
| SAVANNAH, GA (FHA|USDA|VA) | 3 | $1,795,000 | $598,333 | $3,550 | 3.60% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 11 | $1,795,000 | $163,182 | $3,029 | 3.32% |
| MONTGOMERY, AL (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $6,660 | 2.83% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $1,530,000 | $382,500 | $4,976 | 3.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,415,000 | $283,000 | $3,779 | 4.03% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 5 | $1,315,000 | $263,000 | $3,109 | 3.15% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 4.48% |
| GAINESVILLE, FL (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $5,472 | 3.26% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $0 | 4.26% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $3,854 | 3.98% |
| OCALA, FL (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $5,592 | 3.49% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $3,792 | 3.93% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $0 | 4.47% |
| Thomasville, GA (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $7,520 | 2.94% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 4.55% |
| LUBBOCK, TX (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $11,348 | 2.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $9,561 | 3.29% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $4,672 | 3.16% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $12,541 | 3.31% |
| THE VILLAGES, FL (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $5,473 | 3.50% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $3,393 | 2.83% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $6,837 | 3.29% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $3,866 | 3.71% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $4,918 | 3.08% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,139 | 2.96% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $3,772 | 3.64% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 4.71% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 4.55% |
| Boone, NC (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,071 | 3.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,458 | 4.38% |
| NILES, MI (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,526 | 2.63% |
| WACO, TX (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,119 | 3.06% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,581 | 3.43% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 4.31% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $6,051 | 4.04% |
| Lake City, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $6,397 | 3.94% |
| Bainbridge, GA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $5,729 | 3.06% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,689 | 2.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,306 | 3.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $2,264 | 3.88% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,363 | 4.50% |
| Corsicana, TX (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $12,781 | 2.75% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,953 | 3.50% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $13,786 | 2.75% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.05% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 4.74% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.13% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $5,413 | 3.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $6,787 | 3.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,474 | 3.63% |
| Ludington, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,058 | 3.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $5,049 | 2.81% |
| Bedford, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,311 | 3.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.15% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.49% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $5,900 | 3.19% |
| Houghton, MI (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $3,012 | 3.04% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,880 | 3.13% |
| Holland, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,118 | 2.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,390 | 2.88% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.42% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,995 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.49% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,750 | 3.38% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.31% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,148 | 2.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,711 | 3.13% |
| Marquette, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,557 | 2.88% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,575 | 3.00% |
| Atmore, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,762 | 3.25% |
| VALDOSTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,498 | 2.88% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,734 | 4.13% |
| Ozark, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,905 | 3.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,371 | 3.38% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,737 | 3.50% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,343 | 2.88% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,619 | 2.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,283 | 3.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,040 | 3.38% |
| Auburn, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,017 | 3.38% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,966 | 3.13% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,811 | 3.13% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,071 | 3.00% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
University Lending Group 's top markets include Pensacola, Tallahassee, Ann Arbor, Crestview, and Detroit among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 3,099 | $774,805,000 | $250,018 | $3,855 | 3.25% |
| VA | 765 | $249,605,000 | $326,281 | $7,539 | 2.83% |
| FHA | 594 | $124,180,000 | $209,057 | $7,294 | 3.08% |
| USDA | 183 | $31,725,000 | $173,361 | $5,180 | 2.96% |
For the 2021 period, University Lending Group 's most frequently originated loan type of loans were Conventional, with 3,099 originations. Their 2nd most popular type is VA, with 765 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 3,330 | $859,800,000 | $258,198 | $5,495 | 3.15% |
| Refi | 766 | $172,850,000 | $225,653 | $3,281 | 2.97% |
| Cash Out Refi | 520 | $143,280,000 | $275,538 | $4,318 | 3.39% |
| Other | 22 | $4,110,000 | $186,818 | $3,145 | 3.36% |
| Home Improvement | 3 | $275,000 | $91,667 | $2,873 | 2.92% |
For the 2021, University Lending Group 's most frequently cited loan purpose of loans were Home Purchase, with 3,330 originations. The 2nd most popular reason of loans were Refi, with 766 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 4,136 | $1,066,240,000 | $257,795 | $5,160 | 3.17% |
| 15 Year | 298 | $61,190,000 | $205,336 | $3,180 | 2.64% |
| 20 Year | 124 | $30,490,000 | $245,887 | $3,125 | 3.12% |
| 30+ year | 47 | $15,885,000 | $337,979 | $8,199 | 4.26% |
| Other | 20 | $3,980,000 | $199,000 | $4,134 | 3.32% |
| 10 Year | 16 | $2,530,000 | $158,125 | $2,649 | 2.56% |
For the 2021, University Lending Group 's most frequently cited loan length of loans were 30 Year, with 4,136 originations. The 2nd most popular length of loans were 15 Year, with 298 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 2,127 | $492,535,000 | $231,563 |
| $<1k | 1,554 | $426,610,000 | $274,524 |
| $2k-3k | 436 | $100,520,000 | $230,550 |
| $3k-4k | 231 | $62,715,000 | $271,494 |
| $5k+ | 79 | $29,155,000 | $369,051 |
$5,160 of loans were University Lending Group 's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,127 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 2,126 | $505,230,000 | $237,643 |
| 2.5-3% | 1,910 | $497,390,000 | $260,414 |
| <2.5% | 351 | $98,645,000 | $281,040 |
| 4-5% | 247 | $75,705,000 | $306,498 |
| 5-6% | 7 | $3,345,000 | $477,857 |
During 2021, University Lending Group 's average interest rate of loans were 3.17%, while their most frequently originated rate bucket of loans were 3-4%, with 2,126 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 2,402 | $669,720,000 | $278,818 | $5,385 | 3.09% |
| $100k-200k | 1,510 | $232,700,000 | $154,106 | $4,016 | 3.21% |
| $400k-600k | 414 | $195,650,000 | $472,585 | $6,613 | 3.15% |
| $100,000 or less | 236 | $18,900,000 | $80,085 | $3,055 | 3.22% |
| $600k-1MM | 68 | $49,590,000 | $729,265 | $9,810 | 3.34% |
| $1MM+ | 11 | $13,755,000 | $1,250,455 | $8,627 | 3.70% |
2021 saw University Lending Group place emphasis on $200k-400k loans with 2,402 originations, totaling $669,720,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 1,318 | $283,970,000 | $215,455 | $5,196 | 3.13% |
| $100k-150k | 878 | $271,690,000 | $309,442 | $5,113 | 3.16% |
| $50k or less | 864 | $131,450,000 | $152,141 | $4,339 | 3.17% |
| $75k-100k | 850 | $222,690,000 | $261,988 | $5,249 | 3.11% |
| $150k-250k | 509 | $179,825,000 | $353,291 | $5,214 | 3.23% |
| $250k+ | 141 | $69,465,000 | $492,660 | $5,037 | 3.30% |
University Lending Group lent most frequently to those with incomes in the $50k-75k range, with 1,318 originations. The second most popular income band? $100k-150k, with 878 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 908 | $220,550,000 | $242,896 | $4,203 | 3.13% |
| 30-36% | 885 | $224,985,000 | $254,220 | $4,798 | 3.19% |
| 50-60% | 286 | $81,850,000 | $286,189 | $7,626 | 2.96% |
| <20% | 258 | $64,570,000 | $250,271 | $3,823 | 3.05% |
| 42% | 203 | $55,035,000 | $271,108 | $5,341 | 3.33% |
| 39% | 197 | $51,885,000 | $263,376 | $5,023 | 3.20% |
| 41% | 195 | $49,015,000 | $251,359 | $4,991 | 3.23% |
| 40% | 190 | $47,180,000 | $248,316 | $4,963 | 3.20% |
| 43% | 175 | $44,855,000 | $256,314 | $5,066 | 3.22% |
| 44% | 174 | $42,040,000 | $241,609 | $5,047 | 3.20% |
| 38% | 163 | $41,935,000 | $257,270 | $5,099 | 3.22% |
| 36% | 160 | $38,690,000 | $241,813 | $5,133 | 3.17% |
| 37% | 148 | $37,510,000 | $253,446 | $4,571 | 3.19% |
| 49% | 140 | $37,050,000 | $264,643 | $5,753 | 3.23% |
| 45% | 131 | $31,415,000 | $239,809 | $5,399 | 3.09% |
| 47% | 118 | $28,380,000 | $240,508 | $5,334 | 3.16% |
| 46% | 117 | $30,675,000 | $262,179 | $5,937 | 3.01% |
| 48% | 105 | $27,235,000 | $259,381 | $5,412 | 3.06% |
| >60% | 25 | $8,995,000 | $359,800 | $8,540 | 2.93% |
University Lending Group lent most frequently to those with DTI ratios of 20-30%, with 908 originations. The next most common DTI ratio? 30-36%, with 885 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 3,665 | $944,635,000 | $257,745 | $4,925 | 3.15% |
| Black | 494 | $109,790,000 | $222,247 | $5,649 | 3.14% |
| Not provided | 240 | $64,360,000 | $268,167 | $5,014 | 3.24% |
| Asian | 202 | $51,670,000 | $255,792 | $4,503 | 3.07% |
| American Indian | 32 | $7,460,000 | $233,125 | $5,266 | 3.35% |
| Native Hawaiian | 7 | $2,085,000 | $297,857 | $5,957 | 2.77% |
| Other Asian | 1 | $315,000 | $315,000 | $13,016 | 2.63% |
Approval Rates
Total approvals of all applications93.84%
University Lending Group has an average approval rate.
Pick Rate
Approvals leading to origination83.80%
University Lending Group has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,641 | $1,180,315,000 | $254,323 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,641 | $1,180,315,000 | $254,323 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 122 | $16,460,000 | $134,918 | $3,050 | 2.98% |
| 40-60% | 363 | $79,525,000 | $219,077 | $3,326 | 3.01% |
| 60-80% | 1,182 | $299,970,000 | $253,782 | $3,924 | 3.22% |
| 80-100% | 2,627 | $678,105,000 | $258,129 | $5,144 | 3.19% |
| Over 100% | 275 | $88,465,000 | $321,691 | $11,219 | 2.85% |
| Under 20% | 6 | $460,000 | $76,667 | $2,624 | 2.81% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
