University Lending Group Mortgage Rates, Fees & Info

ANN ARBOR, MI

LEI: 549300DZCP6EQ7DCSD79

Tax ID: 26-1717830

4.5 stars - out of 5 stars, based on 68 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    University Lending Group is a small mortgage company specializing in 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, Ann Arbor, Crestview, and Detroit among others. We have data for 114 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) 7.88% 11/26/22
    30 Year Conventional Purchase 7.09% 11/26/22
    30 Year Conventional Refi 6.95% 11/26/22
    30 Year Cash-out Refi 7.14% 11/26/22
    30 Year FHA Purchase 7.78% 11/26/22
    30 Year FHA Refi 7.66% 11/26/22
    30 Year VA Purchase 6.68% 11/26/22
    30 Year VA Refi 6.39% 11/26/22
    30 Year USDA Purchase 7.17% 11/26/22
    30 Year USDA Refi 7.19% 11/26/22
    15 Year Conventional Purchase 6.28% 11/26/22
    15 Year Conventional Refi 6.30% 11/26/22
    15 Year Cash-out Refi 6.30% 11/26/22
    15 Year FHA Purchase 7.66% 11/26/22
    15 Year FHA Refi 7.03% 11/26/22
    15 Year VA Purchase 6.22% 11/26/22
    15 Year VA Refi 6.39% 11/26/22
    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.


    Originations

    4,641

    Origination Dollar Volume (All Markets)

    $1,180,315,000
    Show all (6) awards

    Relative Rate

    University Lending Group's average 30 year fixed mortgage rate was 3.17%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.02%.

    Relative Fees (Closing Costs)

    University Lending Group's average total fees/closing costs for a 30 year fixed rate mortgage were $5,160.

    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) 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.

    Their top states include:
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)

    • 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.

    MONROE COUNTY COMMUNITY CREDIT UNION
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    MORTGAGE ONE OF THE SOUTH, INC.
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    FIRST COMMERCE CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,985 $725,565,000 $243,070 $3,855 3.21%
    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%
    HELOC 114 $49,240,000 $431,930 n/a 4.40%

    For 2021, University Lending Group's most frequently originated type of loan was Conventional, with 2,985 originations. Their 2nd most popular type was VA, with 765 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, University Lending Group's most frequently cited loan purpose was Home Purchase, with 3,330 originations. The 2nd most popular reason was 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 2021, University Lending Group's most frequently cited loan duration was 30 Year, with 4,136 originations. The 2nd most popular length was 15 Year, with 298 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 162 $43,150,000 $266,358
    $5k+ 79 $29,155,000 $369,051
    $4k-5k 69 $19,565,000 $283,551

    University Lending Group's average total fees were $5,160, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.17%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    97.07%

    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 origination
    78.43%

    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%