Union Capital Mortgage Corporation Rates, Fees & Info

COLUMBUS, OH

LEI: 549300EBXH41OP56DQ10

Tax ID: 34-1815339

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Union Capital Mortgage Corporation is a smaller credit union specializing in Home Purchase loans. Union Capital Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Cleveland, Akron, Toledo, Youngstown, and Canton among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Union Capital Mortgage Corporation 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. Union Capital Mortgage Corporation 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
    30 Year Conventional Purchase 6.64% 11/17/24
    30 Year Conventional Refi 6.42% 11/17/24
    30 Year FHA Purchase 7.50% 11/17/24
    30 Year FHA Refi 6.81% 11/17/24
    30 Year VA Purchase 6.07% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    15 Year Conventional Purchase 6.10% 11/17/24
    15 Year Conventional Refi 6.30% 11/17/24
    15 Year Cash-out Refi 6.30% 11/17/24
    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.

    Union Capital Mortgage Corporation Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Union Capital Mortgage Corporation. 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

    568

    Origination Dollar Volume (All Markets)

    $122,490,000

    Awards

    UNION CAPITAL MORTGAGE CORPORATION FHA Loans silver
    Show all (1) 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
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 395 $83,835,000 $212,241 $5,250 4.61%
    AKRON, OH (FHA|USDA|VA) 114 $26,180,000 $229,649 $4,785 4.67%
    TOLEDO, OH (FHA|USDA|VA) 8 $2,240,000 $280,000 $4,499 4.63%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 12 $2,060,000 $171,667 $4,666 4.74%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 8 $1,560,000 $195,000 $4,862 4.64%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,330,000 $332,500 $7,441 4.53%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,566 4.56%
    Sandusky, OH (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,745 4.41%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $765,000 $255,000 $5,045 4.63%
    COLUMBUS, OH (FHA|USDA|VA) 4 $520,000 $130,000 $3,817 4.63%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $370,000 $185,000 $4,756 4.56%
    Ashtabula, OH (FHA|USDA|VA) 3 $345,000 $115,000 $3,218 4.83%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $320,000 $160,000 $5,805 4.63%
    Outside of Metro Areas 1 $285,000 $285,000 $11,465 4.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $215,000 $215,000 $8,632 4.50%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,335 4.50%
    Salem, OH (FHA|USDA|VA) 2 $100,000 $50,000 $3,452 4.81%
    Union Capital Mortgage Corporation's top markets include Cleveland, Akron, Toledo, Youngstown, and Canton among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against UNION CAPITAL MORTGAGE CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Cleveland Selfreliance FCU
    Similarity Rank: 15
    FIRESTONE
    Similarity Rank: 32
    First National Bank of Bellevue
    Similarity Rank: 120
    Hometown Bank
    Similarity Rank: 315
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 552
    Seven Seventeen Credit Union
    Similarity Rank: 665
    Community Star Credit Union
    Similarity Rank: 714
    First Security Mortgage Corporation
    Similarity Rank: 728
    Peoples Bank
    Similarity Rank: 782
    Ohio Catholic Federal Credit Union
    Similarity Rank: 1141

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 442 $99,170,000 $224,367 $4,684 4.62%
    FHA 108 $18,600,000 $172,222 $6,813 4.69%
    VA 18 $4,720,000 $262,222 $6,159 4.45%

    For 2018, Union Capital Mortgage Corporation's most frequently originated type of loan was Conventional, with 442 originations. Their 2nd most popular type was FHA, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 435 $90,795,000 $208,724 $5,317 4.65%
    Home Improvement 78 $15,790,000 $202,436 $4,651 4.63%
    Refi 55 $15,905,000 $289,182 $4,390 4.38%

    For 2018, Union Capital Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Home Improvement, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 476 $104,000,000 $218,487 $5,303 4.68%
    15 Year 73 $14,605,000 $200,068 $4,196 4.35%
    20 Year 18 $3,430,000 $190,556 $4,838 4.51%
    10 Year 1 $455,000 $455,000 $0 2.75%

    For 2018, Union Capital Mortgage Corporation's most frequently cited loan duration was 30 Year, with 476 originations. The 2nd most popular length was 15 Year, with 73 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 350 $71,400,000 $204,000
    $<1k 85 $18,815,000 $221,353
    $2k-3k 51 $9,395,000 $184,216
    $5k+ 45 $14,555,000 $323,444
    $3k-4k 20 $4,510,000 $225,500
    $4k-5k 15 $3,515,000 $234,333

    Union Capital Mortgage Corporation's average total fees were $5,303, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 350 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 491 $107,045,000 $218,014
    5-6% 41 $6,415,000 $156,463
    3-4% 35 $8,575,000 $245,000
    2.5-3% 1 $455,000 $455,000

    During 2018, Union Capital Mortgage Corporation's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 4-5%, with 491 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 225 $61,295,000 $272,422 $5,974 4.59%
    $100k-200k 221 $33,035,000 $149,480 $4,702 4.65%
    $100,000 or less 76 $5,550,000 $73,026 $3,414 4.74%
    $400k-600k 41 $18,625,000 $454,268 $5,688 4.46%
    $600k-1MM 4 $2,950,000 $737,500 $8,510 4.50%
    $1MM+ 1 $1,035,000 $1,035,000 $5,630 4.38%

    2018 saw Union Capital Mortgage Corporation place emphasis on $200k-400k loans with 225 originations, totaling $61,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 135 $31,915,000 $236,407 $5,212 4.59%
    $50k-75k 120 $18,560,000 $154,667 $5,218 4.70%
    $75k-100k 93 $19,285,000 $207,366 $5,786 4.65%
    $150k-250k 90 $26,110,000 $290,111 $5,042 4.59%
    $50k or less 75 $8,615,000 $114,867 $4,302 4.68%
    $250k+ 53 $17,865,000 $337,075 $5,039 4.50%

    Union Capital Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 135 originations. The second most popular income band? $50k-75k, with 120 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 125 $27,255,000 $218,040 $4,731 4.59%
    30-36% 95 $21,685,000 $228,263 $4,721 4.60%
    <20% 46 $10,270,000 $223,261 $4,341 4.46%
    41% 25 $5,185,000 $207,400 $5,485 4.65%
    43% 25 $5,725,000 $229,000 $5,469 4.67%
    50-60% 23 $4,075,000 $177,174 $6,911 4.67%
    42% 22 $5,290,000 $240,455 $5,698 4.61%
    37% 22 $4,690,000 $213,182 $4,818 4.63%
    45% 21 $4,315,000 $205,476 $5,940 4.61%
    39% 20 $4,320,000 $216,000 $4,853 4.80%
    36% 20 $4,780,000 $239,000 $5,310 4.66%
    46% 19 $3,665,000 $192,895 $6,021 4.64%
    49% 18 $4,120,000 $228,889 $5,310 4.71%
    44% 17 $3,905,000 $229,706 $5,442 4.76%
    38% 17 $3,115,000 $183,235 $5,730 4.84%
    47% 17 $3,365,000 $197,941 $5,619 4.81%
    48% 16 $3,470,000 $216,875 $5,533 4.60%
    40% 12 $2,190,000 $182,500 $6,021 4.61%
    >60% 5 $745,000 $149,000 $4,640 4.73%

    Union Capital Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 95 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 538 $115,770,000 $215,186 $5,117 4.61%
    Not provided 29 $6,675,000 $230,172 $5,598 4.88%
    Black 1 $45,000 $45,000 $2,804 4.63%

    Approval Rates

    Total approvals of all applications
    98.86%

    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 origination
    78.87%

    Union Capital Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 568 $122,490,000 $215,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 568 $122,490,000 $215,651

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $925,000 $132,143 $2,975 4.39%
    40-60% 28 $6,290,000 $224,643 $3,467 4.34%
    60-80% 161 $35,855,000 $222,702 $4,252 4.64%
    80-100% 368 $78,350,000 $212,908 $5,633 4.65%
    Over 100% 4 $1,070,000 $267,500 $10,095 4.13%