Union Capital Mortgage Corporation Rates, Fees & Info
COLUMBUS, OHLEI: 549300EBXH41OP56DQ10
Tax ID: 34-1815339
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
Union Capital Mortgage Corporation is a smaller credit union specializing in Home Purchase, Refi, and Home Improvement loans. Union Capital Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Cleveland, Akron, North Port, Atlanta, and Cape Coral among others. Union Capital Mortgage Corporation 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. Union Capital Mortgage Corporation is typically an average fee lendor.Originations
1,060Origination Dollar Volume (All Markets)
$272,290,000Awards
UNION CAPITAL MORTGAGE CORPORATION - 2021
UNION CAPITAL MORTGAGE CORPORATION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for UNION CAPITAL MORTGAGE CORPORATION?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Union Capital Mortgage Corporation's average 30 year fixed rate mortgage of loans were
3.06%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.09%.
Relative Fees
Union Capital Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $4,683.
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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 785 | $196,185,000 | $249,917 | $4,348 | 2.92% |
| AKRON, OH (FHA|USDA|VA) | 174 | $42,300,000 | $243,103 | $3,901 | 2.97% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 11 | $4,855,000 | $441,364 | $5,806 | 2.90% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 6 | $3,970,000 | $661,667 | $4,886 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 11 | $3,565,000 | $324,091 | $5,365 | 2.95% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $3,060,000 | $510,000 | $9,332 | 3.06% |
| COLUMBUS, OH (FHA|USDA|VA) | 9 | $2,275,000 | $252,778 | $3,209 | 2.79% |
| TOLEDO, OH (FHA|USDA|VA) | 6 | $2,190,000 | $365,000 | $5,276 | 2.85% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 9 | $1,625,000 | $180,556 | $3,746 | 2.99% |
| Outside of Metro Areas | 4 | $1,400,000 | $350,000 | $6,454 | 2.63% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $3,885 | 2.75% |
| Ashtabula, OH (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $3,678 | 2.90% |
| Sandusky, OH (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $6,620 | 2.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $5,743 | 2.88% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $6,253 | 2.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $11,330 | 3.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $564 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,381 | 2.38% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $3,633 | 2.92% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,102 | 2.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,675 | 2.88% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,957 | 2.50% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $500 | 3.88% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,518 | 2.63% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $10,591 | 3.25% |
| Fremont, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,483 | 3.50% |
| Wooster, OH (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $4,332 | 3.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,032 | 3.13% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,233 | 3.00% |
Union Capital Mortgage Corporation's top markets include Cleveland, Akron, North Port, Atlanta, and Cape Coral among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 955 | $248,265,000 | $259,963 | $4,156 | 2.93% |
| FHA | 63 | $12,225,000 | $194,048 | $6,710 | 2.96% |
| VA | 41 | $11,605,000 | $283,049 | $4,880 | 2.84% |
| USDA | 1 | $195,000 | $195,000 | $0 | 2.25% |
For the 2021 period, Union Capital Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 955 originations. Their 2nd most popular type is FHA, with 63 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 411 | $110,415,000 | $268,650 | $5,493 | 3.05% |
| Refi | 398 | $97,750,000 | $245,603 | $3,227 | 2.74% |
| Home Improvement | 251 | $64,125,000 | $255,478 | $4,370 | 3.01% |
For the 2021, Union Capital Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 411 originations. The 2nd most popular reason of loans were Refi, with 398 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 675 | $179,885,000 | $266,496 | $4,683 | 3.06% |
| 15 Year | 212 | $49,280,000 | $232,453 | $3,707 | 2.56% |
| Other | 86 | $22,310,000 | $259,419 | $3,045 | 2.82% |
| 20 Year | 79 | $19,675,000 | $249,051 | $3,560 | 2.87% |
| 10 Year | 8 | $1,140,000 | $142,500 | $2,342 | 2.53% |
For the 2021, Union Capital Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 675 originations. The 2nd most popular length of loans were 15 Year, with 212 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 639 | $147,455,000 | $230,759 |
| $<1k | 196 | $54,150,000 | $276,276 |
| $2k-3k | 78 | $19,130,000 | $245,256 |
| $3k-4k | 54 | $15,660,000 | $290,000 |
| $5k+ | 28 | $17,890,000 | $638,929 |
$4,683 of loans were Union Capital Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 639 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 552 | $142,430,000 | $258,025 |
| 3-4% | 333 | $89,055,000 | $267,432 |
| <2.5% | 168 | $39,810,000 | $236,964 |
| 4-5% | 6 | $810,000 | $135,000 |
| 5-6% | 1 | $185,000 | $185,000 |
During 2021, Union Capital Mortgage Corporation's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 552 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 461 | $128,055,000 | $277,777 | $4,350 | 2.90% |
| $100k-200k | 384 | $58,380,000 | $152,031 | $3,772 | 2.94% |
| $400k-600k | 125 | $59,615,000 | $476,920 | $5,602 | 2.89% |
| $100,000 or less | 69 | $5,835,000 | $84,565 | $3,492 | 2.95% |
| $600k-1MM | 15 | $11,795,000 | $786,333 | $8,083 | 3.12% |
| $1MM+ | 6 | $8,610,000 | $1,435,000 | $16,356 | 3.35% |
2021 saw Union Capital Mortgage Corporation place emphasis on $200k-400k loans with 461 originations, totaling $128,055,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 242 | $65,630,000 | $271,198 | $4,606 | 2.96% |
| $150k-250k | 208 | $66,690,000 | $320,625 | $4,313 | 2.89% |
| $50k-75k | 207 | $35,585,000 | $171,908 | $4,054 | 2.94% |
| $75k-100k | 161 | $33,925,000 | $210,714 | $4,229 | 2.94% |
| $50k or less | 130 | $19,450,000 | $149,615 | $3,717 | 2.93% |
| $250k+ | 111 | $50,715,000 | $456,892 | $5,137 | 2.87% |
Union Capital Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 242 originations. The second most popular income band? $150k-250k, with 208 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 272 | $74,910,000 | $275,404 | $4,110 | 2.89% |
| 30-36% | 191 | $49,265,000 | $257,932 | $4,291 | 2.94% |
| <20% | 124 | $33,470,000 | $269,919 | $3,841 | 2.77% |
| 36% | 44 | $12,650,000 | $287,500 | $5,164 | 3.04% |
| 40% | 42 | $9,230,000 | $219,762 | $4,793 | 2.97% |
| 39% | 38 | $11,120,000 | $292,632 | $6,297 | 3.05% |
| 41% | 37 | $7,975,000 | $215,541 | $3,812 | 2.99% |
| 43% | 36 | $8,030,000 | $223,056 | $5,030 | 3.09% |
| 37% | 34 | $8,750,000 | $257,353 | $4,404 | 2.98% |
| 44% | 33 | $8,555,000 | $259,242 | $4,792 | 2.96% |
| 42% | 30 | $9,010,000 | $300,333 | $4,163 | 3.00% |
| 45% | 29 | $6,925,000 | $238,793 | $4,820 | 3.02% |
| 47% | 26 | $5,940,000 | $228,462 | $4,279 | 2.87% |
| 38% | 25 | $5,415,000 | $216,600 | $4,187 | 3.12% |
| 48% | 21 | $4,185,000 | $199,286 | $3,998 | 2.82% |
| 46% | 20 | $4,270,000 | $213,500 | $3,879 | 2.94% |
| 49% | 19 | $3,895,000 | $205,000 | $4,586 | 3.04% |
| 50-60% | 12 | $2,900,000 | $241,667 | $6,537 | 2.88% |
Union Capital Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 272 originations. The next most common DTI ratio? 30-36%, with 191 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,007 | $260,375,000 | $258,565 | $4,311 | 2.91% |
| Black | 25 | $4,465,000 | $178,600 | $4,486 | 3.13% |
| Not provided | 19 | $4,115,000 | $216,579 | $4,979 | 3.15% |
| Asian | 9 | $3,335,000 | $370,556 | $4,450 | 2.94% |
Approval Rates
Total approvals of all applications96.54%
Union Capital Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.22%
Union Capital Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,060 | $272,290,000 | $256,877 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,060 | $272,290,000 | $256,877 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 29 | $4,395,000 | $151,552 | $3,095 | 2.76% |
| 40-60% | 133 | $29,595,000 | $222,519 | $3,147 | 2.63% |
| 60-80% | 498 | $133,370,000 | $267,811 | $4,033 | 2.96% |
| 80-100% | 394 | $103,390,000 | $262,411 | $5,211 | 2.99% |
| Over 100% | 4 | $1,390,000 | $347,500 | $11,931 | 2.84% |
| Under 20% | 2 | $150,000 | $75,000 | $564 | 2.94% |
