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 and Refi 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, North Port, Columbus, and Atlanta among others. We have data for 18 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.

    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
    30 Year Conventional Purchase 6.64% 11/22/24
    30 Year Conventional Refi 6.42% 11/22/24
    30 Year FHA Purchase 7.50% 11/22/24
    30 Year FHA Refi 6.81% 11/22/24
    30 Year VA Purchase 6.07% 11/22/24
    30 Year VA Refi 6.27% 11/22/24
    15 Year Conventional Purchase 6.10% 11/22/24
    15 Year Conventional Refi 6.30% 11/22/24
    15 Year Cash-out Refi 6.30% 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.

    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

    721

    Origination Dollar Volume (All Markets)

    $168,065,000

    Awards

    UNION CAPITAL MORTGAGE CORPORATION VA Loans gold UNION CAPITAL MORTGAGE CORPORATION VA Loans gold UNION CAPITAL MORTGAGE CORPORATION FHA Loans silver
    Show all (3) 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) 517 $118,735,000 $229,662 $5,188 4.13%
    AKRON, OH (FHA|USDA|VA) 145 $32,305,000 $222,793 $4,781 4.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 6 $3,370,000 $561,667 $7,601 4.02%
    COLUMBUS, OH (FHA|USDA|VA) 7 $2,505,000 $357,857 $5,385 4.02%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,205,000 $441,000 $5,638 3.70%
    TOLEDO, OH (FHA|USDA|VA) 5 $1,455,000 $291,000 $3,561 4.25%
    Outside of Metro Areas 3 $1,045,000 $348,333 $4,941 4.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,015,000 $203,000 $5,616 4.18%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 6 $990,000 $165,000 $4,196 4.08%
    Sandusky, OH (FHA|USDA|VA) 4 $800,000 $200,000 $4,243 4.56%
    Ashtabula, OH (FHA|USDA|VA) 5 $715,000 $143,000 $4,131 4.70%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $715,000 $238,333 $4,120 4.04%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 4 $580,000 $145,000 $4,285 3.97%
    Bellefontaine, OH (FHA|USDA|VA) 1 $525,000 $525,000 $4,977 3.88%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $345,000 $345,000 $4,271 3.63%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $330,000 $165,000 $10,327 4.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,110 4.25%
    Zanesville, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,357 4.88%
    Union Capital Mortgage Corporation's top markets include Cleveland, Akron, North Port, Columbus, and Atlanta 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: 33
    First National Bank of Bellevue
    Similarity Rank: 150
    Community Star Credit Union
    Similarity Rank: 360
    First Security Mortgage Corporation
    Similarity Rank: 378
    Ukrainian Federal Credit Union
    Similarity Rank: 450
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 536
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 574
    Seven Seventeen Credit Union
    Similarity Rank: 810
    THE EQUITABLE MORTGAGE CORPORATION
    Similarity Rank: 1664
    PULTE MORTGAGE LLC
    Similarity Rank: 1827

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 558 $133,690,000 $239,588 $4,679 4.16%
    FHA 128 $25,170,000 $196,641 $7,252 4.14%
    VA 35 $9,205,000 $263,000 $3,979 3.94%

    For 2019, Union Capital Mortgage Corporation's most frequently originated type of loan was Conventional, with 558 originations. Their 2nd most popular type was FHA, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 451 $95,705,000 $212,206 $5,443 4.21%
    Refi 159 $42,595,000 $267,893 $3,708 3.93%
    Home Improvement 111 $29,765,000 $268,153 $5,713 4.20%

    For 2019, Union Capital Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 451 originations. The 2nd most popular reason was Refi, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 577 $137,345,000 $238,033 $5,082 4.14%
    15 Year 99 $21,055,000 $212,677 $5,125 4.13%
    20 Year 36 $7,830,000 $217,500 $4,885 4.31%
    1 Year 5 $875,000 $175,000 $6,230 4.00%
    10 Year 2 $610,000 $305,000 $8,318 4.38%
    Other 2 $350,000 $175,000 $7,429 4.06%

    For 2019, Union Capital Mortgage Corporation's most frequently cited loan duration was 30 Year, with 577 originations. The 2nd most popular length was 15 Year, with 99 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 464 $97,470,000 $210,065
    $<1k 109 $31,905,000 $292,706
    $2k-3k 74 $12,460,000 $168,378
    $5k+ 29 $14,775,000 $509,483
    $3k-4k 28 $7,200,000 $257,143
    $4k-5k 17 $4,255,000 $250,294

    Union Capital Mortgage Corporation's average total fees were $5,082, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 464 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 367 $90,205,000 $245,790
    4-5% 315 $71,695,000 $227,603
    5-6% 35 $5,325,000 $152,143
    6-7% 2 $190,000 $95,000
    2.5-3% 1 $455,000 $455,000
    7-8% 1 $195,000 $195,000

    During 2019, Union Capital Mortgage Corporation's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 304 $83,340,000 $274,145 $5,464 4.03%
    $100k-200k 270 $40,560,000 $150,222 $4,734 4.21%
    $100,000 or less 81 $6,165,000 $76,111 $3,766 4.44%
    $400k-600k 50 $23,580,000 $471,600 $5,377 4.04%
    $600k-1MM 11 $7,655,000 $695,909 $8,567 4.08%
    $1MM+ 5 $6,765,000 $1,353,000 $14,208 4.00%

    2019 saw Union Capital Mortgage Corporation place emphasis on $200k-400k loans with 304 originations, totaling $83,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 167 $27,015,000 $161,766 $4,896 4.22%
    $100k-150k 145 $36,115,000 $249,069 $5,482 4.11%
    $150k-250k 136 $40,870,000 $300,515 $5,206 4.17%
    $75k-100k 119 $23,635,000 $198,613 $5,500 4.12%
    $50k or less 96 $14,730,000 $153,438 $4,013 4.06%
    $250k+ 57 $25,625,000 $449,561 $5,516 4.12%

    Union Capital Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 167 originations. The second most popular income band? $100k-150k, with 145 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 166 $38,620,000 $232,651 $4,807 4.08%
    30-36% 150 $36,250,000 $241,667 $5,140 4.20%
    <20% 61 $13,755,000 $225,492 $3,969 4.05%
    50-60% 35 $7,535,000 $215,286 $7,019 4.06%
    38% 34 $6,960,000 $204,706 $5,332 4.20%
    37% 25 $5,135,000 $205,400 $5,572 4.12%
    44% 25 $7,045,000 $281,800 $5,482 4.25%
    42% 24 $5,150,000 $214,583 $5,174 4.33%
    40% 23 $6,985,000 $303,696 $5,941 4.30%
    46% 23 $4,745,000 $206,304 $5,313 4.30%
    39% 21 $4,455,000 $212,143 $4,651 4.26%
    41% 20 $5,670,000 $283,500 $6,809 4.03%
    48% 18 $4,020,000 $223,333 $5,934 4.18%
    43% 18 $4,330,000 $240,556 $5,873 4.20%
    49% 17 $3,805,000 $223,824 $5,822 4.02%
    36% 17 $3,225,000 $189,706 $4,066 4.25%
    47% 15 $3,825,000 $255,000 $5,153 4.03%
    45% 13 $2,005,000 $154,231 $4,037 4.24%
    >60% 1 $195,000 $195,000 $4,254 7.63%

    Union Capital Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 166 originations. The next most common DTI ratio? 30-36%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 677 $155,675,000 $229,948 $5,050 4.14%
    Black 20 $4,920,000 $246,000 $5,499 4.02%
    Not provided 15 $3,545,000 $236,333 $6,504 4.37%
    Asian 5 $3,055,000 $611,000 $5,468 3.88%
    Other Asian 2 $600,000 $300,000 $8,779 4.38%
    Korean 1 $155,000 $155,000 $4,114 4.13%
    Native Hawaiian or Islander 1 $115,000 $115,000 $3,272 5.13%

    Approval Rates

    Total approvals of all applications
    96.02%

    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
    81.28%

    Union Capital Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 721 $168,065,000 $233,100

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 721 $168,065,000 $233,100

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $1,510,000 $251,667 $3,831 3.90%
    40-60% 51 $10,495,000 $205,784 $3,866 3.91%
    60-80% 215 $49,435,000 $229,930 $4,331 4.23%
    80-100% 437 $103,825,000 $237,586 $5,635 4.13%
    Over 100% 10 $1,980,000 $198,000 $6,216 4.41%
    Under 20% 1 $485,000 $485,000 $2,399 3.13%