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 Chicago among others. We have data for 79 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.04% | 11/22/24 |
| 30 Year Conventional Purchase | 6.72% | 11/22/24 |
| 30 Year Conventional Refi | 6.65% | 11/22/24 |
| 30 Year Cash-out Refi | 6.87% | 11/22/24 |
| 30 Year FHA Purchase | 7.41% | 11/22/24 |
| 30 Year FHA Refi | 7.29% | 11/22/24 |
| 30 Year VA Purchase | 6.25% | 11/22/24 |
| 30 Year VA Refi | 6.23% | 11/22/24 |
| 30 Year USDA Purchase | 6.93% | 11/22/24 |
| 15 Year Conventional Purchase | 6.52% | 11/22/24 |
| 15 Year Conventional Refi | 6.39% | 11/22/24 |
| 15 Year Cash-out Refi | 6.39% | 11/22/24 |
| 15 Year FHA Purchase | 7.13% | 11/22/24 |
| 15 Year VA Purchase | 5.83% | 11/22/24 |
| 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
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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
2,941Origination Dollar Volume (All Markets)
$641,955,000Awards
UNIVERSITY LENDING GROUP - 2019
UNIVERSITY LENDING GROUP is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 611 | $141,685,000 | $231,890 | $5,621 | 4.18% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 501 | $104,475,000 | $208,533 | $5,449 | 4.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 315 | $79,355,000 | $251,921 | $6,110 | 4.12% |
| ANN ARBOR, MI (FHA|USDA|VA) | 300 | $78,610,000 | $262,033 | $3,287 | 4.12% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 335 | $74,455,000 | $222,254 | $4,386 | 4.36% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 291 | $55,985,000 | $192,388 | $3,867 | 4.29% |
| Crawfordsville, IN (FHA|USDA|VA) | 124 | $15,340,000 | $123,710 | $3,515 | 4.43% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 81 | $14,765,000 | $182,284 | $4,005 | 4.20% |
| SAN ANGELO, TX (FHA|USDA|VA) | 55 | $9,815,000 | $178,455 | $5,855 | 4.53% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 43 | $7,535,000 | $175,233 | $6,248 | 4.78% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 29 | $7,515,000 | $259,138 | $6,031 | 4.56% |
| Outside of Metro Areas | 46 | $7,250,000 | $157,609 | $4,562 | 4.42% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 18 | $7,070,000 | $392,778 | $4,656 | 4.36% |
| MONROE, MI (FHA|USDA|VA) | 13 | $2,905,000 | $223,462 | $3,802 | 4.30% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 12 | $2,450,000 | $204,167 | $6,389 | 4.86% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $2,135,000 | $164,231 | $2,915 | 4.26% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $4,940 | 3.81% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,308 | 3.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $1,415,000 | $202,143 | $6,016 | 4.34% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,375,000 | $275,000 | $5,862 | 4.78% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 7 | $1,285,000 | $183,571 | $4,123 | 3.98% |
| JACKSON, MI (FHA|USDA|VA) | 10 | $1,270,000 | $127,000 | $2,968 | 4.29% |
| FLINT, MI (FHA|USDA|VA) | 9 | $1,215,000 | $135,000 | $3,216 | 4.61% |
| Adrian, MI (FHA|USDA|VA) | 7 | $1,135,000 | $162,143 | $4,069 | 4.11% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $4,622 | 4.06% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $4,615 | 3.92% |
| Minden, LA (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $6,578 | 4.38% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 7 | $875,000 | $125,000 | $2,642 | 4.77% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $2,802 | 4.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $3,941 | 4.16% |
| Shelby, NC (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $3,942 | 4.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,540 | 4.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,601 | 4.71% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $3,984 | 4.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,168 | 4.13% |
| AMARILLO, TX (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,664 | 4.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $5,291 | 4.75% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,465 | 4.75% |
| ABILENE, TX (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $6,092 | 4.63% |
| MONROE, LA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $5,244 | 3.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,927 | 3.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $2,969 | 4.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,611 | 4.56% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,160 | 3.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,513 | 4.13% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $5,667 | 4.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,085 | 4.50% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,255 | 4.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,243 | 6.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,934 | 3.75% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,634 | 3.13% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $7,975 | 4.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,629 | 4.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,886 | 3.63% |
| Paris, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,611 | 4.38% |
| Frankfort, IN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $5,218 | 4.94% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,384 | 4.00% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $6,054 | 5.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.25% |
| OCALA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,729 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,032 | 3.88% |
| Hillsdale, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,910 | 3.88% |
| Henderson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,455 | 4.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,964 | 4.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,128 | 3.63% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,854 | 4.00% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,044 | 5.25% |
| Forest City, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,027 | 4.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,469 | 4.38% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,312 | 5.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,324 | 4.50% |
| BAY CITY, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,263 | 3.75% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,665 | 4.38% |
| Holland, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,854 | 3.88% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,247 | 4.00% |
| Kerrville, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,897 | 5.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,941 | 3.88% |
| Brownwood, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,188 | 5.13% |
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 2019, University Lending Group's most frequently originated type of loan was Conventional, with 1,717 originations. Their 2nd most popular type was VA, with 574 originations.
Loan Reason
For 2019, University Lending Group's most frequently cited loan purpose was Home Purchase, with 2,546 originations. The 2nd most popular reason was Refi, with 203 originations.
Loan Duration/Length
For 2019, University Lending Group's most frequently cited loan duration was 30 Year, with 2,787 originations. The 2nd most popular length was 15 Year, with 104 originations.
Origination Fees/Closing Costs
University Lending Group's average total fees were $4,939, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,444 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,456 | $298,930,000 | $205,309 |
| 3-4% | 1,219 | $289,565,000 | $237,543 |
| 5-6% | 258 | $51,240,000 | $198,605 |
| 2.5-3% | 7 | $2,065,000 | $295,000 |
| 6-7% | 1 | $155,000 | $155,000 |
During 2019, University Lending Group's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 4-5%, with 1,456 originations.
Loan Sizing
2019 saw University Lending Group place emphasis on $200k-400k loans with 1,348 originations, totaling $361,650,000 in origination value.
Applicant Income
University Lending Group lent most frequently to those with incomes in the $50k-75k range, with 883 originations. The second most popular income band? $50k or less, with 652 originations.
Applicant Debt to Income Ratio
University Lending Group lent most frequently to those with DTI ratios of 20-30%, with 545 originations. The next most common DTI ratio? 30-36%, with 520 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.07%
University Lending Group has an average approval rate.
Pick Rate
Approvals leading to origination85.82%
University Lending Group has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,941 | $641,955,000 | $218,278 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 2,941 | $641,955,000 | $218,278 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Unifirst Mortgage Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |