University Lending Group Mortgage Rates, Fees & Info

ANN ARBOR, MI

LEI: 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% 10/31/24
30 Year Conventional Purchase 6.72% 10/31/24
30 Year Conventional Refi 6.65% 10/31/24
30 Year Cash-out Refi 6.87% 10/31/24
30 Year FHA Purchase 7.41% 10/31/24
30 Year FHA Refi 7.29% 10/31/24
30 Year VA Purchase 6.25% 10/31/24
30 Year VA Refi 6.23% 10/31/24
30 Year USDA Purchase 6.93% 10/31/24
15 Year Conventional Purchase 6.52% 10/31/24
15 Year Conventional Refi 6.39% 10/31/24
15 Year Cash-out Refi 6.39% 10/31/24
15 Year FHA Purchase 7.13% 10/31/24
15 Year VA Purchase 5.83% 10/31/24
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

2,156

Origination Dollar Volume (All Markets)

$637,100,000
Show all (13) 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
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%
CaƱon 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%
University Lending Group's top markets include Pensacola, Tallahassee, Crestview, Ann Arbor, 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.

    Eglin Federal Credit Union
    Similarity Rank: 72
    St James Mortgage Corporation
    Similarity Rank: 93
    Zeal Credit Union
    Similarity Rank: 108
    Envision Credit Union
    Similarity Rank: 169
    PRIMEWAY
    Similarity Rank: 249
    US COMMUNITY
    Similarity Rank: 295
    Gulf Winds Credit Union
    Similarity Rank: 312
    RAILROAD & INDUSTRIAL
    Similarity Rank: 335

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,240 $346,520,000 $279,452 $5,095 4.71%
    VA 413 $152,355,000 $368,898 $10,150 4.41%
    FHA 322 $72,810,000 $226,118 $8,765 4.67%
    HELOC 116 $53,770,000 $463,534 n/a 5.98%
    USDA 65 $11,645,000 $179,154 $5,818 4.47%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,893 $557,655,000 $294,588 $6,888 4.70%
    Refi 125 $42,825,000 $342,600 $4,982 5.02%
    Cash Out Refi 91 $23,085,000 $253,681 $6,468 4.41%
    Home Improvement 29 $8,855,000 $305,345 $4,758 5.11%
    Other 18 $4,680,000 $260,000 $4,595 4.79%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,050 $610,450,000 $297,780 $6,820 4.73%
    15 Year 54 $11,410,000 $211,296 $4,759 3.87%
    30+ year 31 $11,065,000 $356,935 $9,959 5.16%
    20 Year 16 $3,390,000 $211,875 $4,364 4.26%
    Other 3 $545,000 $181,667 $6,906 3.92%
    10 Year 2 $240,000 $120,000 $2,885 3.63%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 667 $181,775,000 $272,526
    $<1k 553 $176,285,000 $318,779
    $2k-3k 291 $64,835,000 $222,801
    $3k-4k 187 $50,015,000 $267,460
    $5k+ 159 $61,525,000 $386,950
    $4k-5k 110 $32,680,000 $297,091

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 739 $224,195,000 $303,376
    5-6% 715 $198,785,000 $278,021
    3-4% 542 $155,940,000 $287,712
    6-7% 80 $27,230,000 $340,375
    2.5-3% 52 $16,690,000 $320,962
    7-8% 22 $11,790,000 $535,909
    Over 8% 4 $1,890,000 $472,500
    % 1 $255,000 $255,000
    <2.5% 1 $325,000 $325,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,124 $324,370,000 $288,585 $7,097 4.66%
    $100k-200k 547 $85,655,000 $156,590 $5,134 4.77%
    $400k-600k 294 $139,730,000 $475,272 $8,561 4.67%
    $100,000 or less 88 $6,760,000 $76,818 $3,830 4.61%
    $600k-1MM 88 $62,870,000 $714,432 $9,886 4.99%
    $1MM+ 15 $17,715,000 $1,181,000 $11,084 5.51%

    2022 saw University Lending Group place emphasis on $200k-400k loans with 1,124 originations, totaling $324,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 590 $137,210,000 $232,559 $6,836 4.66%
    $100k-150k 478 $163,080,000 $341,172 $7,484 4.75%
    $75k-100k 421 $115,625,000 $274,644 $7,096 4.70%
    $50k or less 288 $42,000,000 $145,833 $4,948 4.55%
    $150k-250k 274 $119,050,000 $434,489 $7,120 4.82%
    $250k+ 103 $59,805,000 $580,631 $6,773 4.97%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 354 $100,250,000 $283,192 $5,984 4.75%
    20-30% 349 $98,545,000 $282,364 $5,775 4.67%
    50-60% 202 $64,730,000 $320,446 $9,657 4.56%
    43% 116 $36,230,000 $312,328 $6,891 4.85%
    44% 113 $34,025,000 $301,106 $6,421 4.75%
    39% 98 $28,960,000 $295,510 $6,236 4.88%
    41% 96 $25,870,000 $269,479 $6,361 4.97%
    40% 90 $26,820,000 $298,000 $7,010 4.74%
    42% 89 $28,885,000 $324,551 $6,510 5.00%
    37% 85 $25,765,000 $303,118 $6,435 4.72%
    49% 83 $24,315,000 $292,952 $7,416 4.65%
    <20% 77 $19,085,000 $247,857 $5,377 4.41%
    38% 75 $22,585,000 $301,133 $6,777 4.73%
    36% 74 $20,950,000 $283,108 $6,569 4.52%
    47% 63 $18,655,000 $296,111 $7,359 4.61%
    45% 62 $19,030,000 $306,935 $6,817 4.78%
    46% 59 $17,785,000 $301,441 $7,830 4.57%
    48% 54 $16,910,000 $313,148 $7,652 4.63%
    >60% 17 $7,705,000 $453,235 $10,210 4.29%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,676 $493,380,000 $294,379 $6,581 4.69%
    Black 205 $54,745,000 $267,049 $7,339 4.66%
    Not provided 150 $50,870,000 $339,133 $8,268 4.91%
    Asian 108 $31,830,000 $294,722 $6,803 4.78%
    American Indian 12 $3,840,000 $320,000 $8,192 5.03%
    Native Hawaiian or Islander 5 $2,435,000 $487,000 $10,538 4.91%

    Approval Rates

    Total approvals of all applications
    98.29%

    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 origination
    69.90%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,156 $637,100,000 $295,501

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $8,075,000 $146,818 $4,193 4.46%
    40-60% 142 $34,760,000 $244,789 $4,595 4.62%
    60-80% 450 $134,880,000 $299,733 $5,630 4.77%
    80-100% 1,323 $395,705,000 $299,097 $6,528 4.75%
    Over 100% 182 $63,170,000 $347,088 $13,075 4.39%
    Under 20% 4 $510,000 $127,500 $5,398 5.00%