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 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 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,641Origination Dollar Volume (All Markets)
$1,180,315,000Awards
UNIVERSITY LENDING GROUP - 2021
UNIVERSITY LENDING GROUP is a 2021 , due to their low .
For 2021, 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) | 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, KY (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% |
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 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
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
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
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
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
2021 saw University Lending Group place emphasis on $200k-400k loans with 2,402 originations, totaling $669,720,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.07%
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 origination78.43%
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
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |