Unify Financial Credit Union Mortgage Rates, Fees & Info

Torrance, CA

LEI: 549300FWYXJ79KO49290

Tax ID: 34-6541032

3.3 stars - Updated: 6/23/24 - out of 5 stars, based on 20 reviews

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

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Mortgage Data

Review & Overview

Unify Financial Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Unify Financial Credit Union 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.) Their top markets by origination volume include: Los Angeles, Dallas, Fayetteville, San Francisco, and Charlotte among others. We have data for 76 markets. (Some data included below & more in-depth data is available with an active subscription.)

Unify Financial Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Unify Financial Credit Union is typically a low 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 relatively high 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
Home Equity Line of Credit (HELOC) 6.27% 6/23/24
30 Year Conventional Purchase 6.34% 6/23/24
30 Year Conventional Refi 6.22% 6/23/24
30 Year Cash-out Refi 6.55% 6/23/24
30 Year FHA Purchase 7.27% 6/23/24
15 Year Conventional Purchase 6.41% 6/23/24
15 Year Conventional Refi 5.74% 6/23/24
15 Year Cash-out Refi 5.74% 6/23/24
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.

Unify Financial Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Unify Financial Credit Union. 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

384

Origination Dollar Volume (All Markets)

$65,870,000

Relative Rate

Unify Financial Credit Union's average 30 year fixed mortgage rate was 8.91%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 2.43%.

Relative Fees (Closing Costs)

Unify Financial Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,403.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 112 $15,840,000 $141,429 $917 9.47%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 23 $6,395,000 $278,043 $3,046 8.43%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 28 $4,710,000 $168,214 $2,116 9.08%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 23 $2,685,000 $116,739 $0 9.72%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $2,540,000 $635,000 $7,013 7.85%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 7 $2,395,000 $342,143 $506 6.31%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 19 $2,385,000 $125,526 $2,711 9.61%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 15 $2,215,000 $147,667 $2,456 8.62%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $1,784 6.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,765,000 $588,333 $6,165 7.77%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $1,720,000 $215,000 $1,317 9.51%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $1,275,000 $182,143 $3,537 7.92%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,160,000 $145,000 $2,209 8.46%
ANN ARBOR, MI (FHA|USDA|VA) 3 $1,145,000 $381,667 $573 8.30%
Outside of Metro Areas 9 $1,105,000 $122,778 $2,743 8.12%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $1,010,000 $505,000 $10,447 6.09%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $975,000 $975,000 $3,776 6.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $955,000 $106,111 $4,563 9.05%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $745,000 $248,333 $1,366 7.62%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $715,000 $238,333 $0 8.07%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $710,000 $118,333 $2,355 7.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $620,000 $155,000 $6,307 9.42%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $605,000 $67,222 $0 9.77%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $545,000 $545,000 $12,717 7.50%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $540,000 $135,000 $0 9.62%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $530,000 $265,000 $0 7.86%
LOUISVILLE, KY (FHA|USDA|VA) 5 $525,000 $105,000 $2,702 8.65%
KNOXVILLE, TN (FHA|USDA|VA) 1 $505,000 $505,000 $2,978 6.38%
Tupelo, MS (FHA|USDA|VA) 5 $485,000 $97,000 $1,848 8.60%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $460,000 $115,000 $0 10.37%
BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $1,238 6.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $400,000 $200,000 $1,588 7.80%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $380,000 $190,000 $1,317 8.72%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,843 7.37%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $345,000 $345,000 $9,240 6.63%
Prineville, OR (FHA|USDA|VA) 1 $295,000 $295,000 $2,058 7.35%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.45%
STOCKTON, CA (FHA|USDA|VA) 4 $270,000 $67,500 $0 10.12%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.24%
BURLINGTON, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.78%
BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $2,638 6.18%
Bluefield, WV-VA (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.74%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $180,000 $90,000 $0 8.65%
EL PASO, TX (FHA|USDA|VA) 2 $180,000 $90,000 $972 8.57%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,264 5.78%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 9.24%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $165,000 $165,000 $1,762 6.63%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,906 7.15%
Albertville, AL (FHA|USDA|VA) 1 $145,000 $145,000 $925 7.65%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $145,000 $145,000 $6,358 7.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $125,000 $125,000 $0 11.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,163 7.25%
JOPLIN, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,502 7.15%
VALLEJO, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.99%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $2,959 7.98%
STAUNTON, VA (FHA|USDA|VA) 2 $100,000 $50,000 $2,686 9.36%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 11.00%
Bardstown, KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 12.75%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 11.00%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.24%
Madison, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 10.50%
TUCSON, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $2,578 6.38%
Richmond-Berea, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.74%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $65,000 $65,000 $1,084 7.50%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 10.50%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $55,000 $55,000 $0 10.50%
ASHEVILLE, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 12.99%
Payson, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 10.50%
Jasper, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.24%
RENO, NV (FHA|USDA|VA) 1 $35,000 $35,000 $0 9.74%
RICHMOND, VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.24%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.49%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.99%
Unify Financial Credit Union's top markets include Los Angeles, Dallas, Fayetteville, San Francisco, and Charlotte among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Similar Lenders

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

    Los Angeles Federal Credit Union
    Similarity Rank: 72
    VENTURA COUNTY
    Similarity Rank: 96
    Whitaker Bank
    Similarity Rank: 153
    United Bank
    Similarity Rank: 230
    First Security Bank
    Similarity Rank: 255
    LBS FINANCIAL
    Similarity Rank: 258
    The Bank of Missouri
    Similarity Rank: 288
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 323
    CLARK COUNTY CREDIT UNION
    Similarity Rank: 330

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 239 $26,055,000 $109,017 n/a 9.77%
    Conventional 142 $39,530,000 $278,380 $2,335 7.68%
    FHA 3 $285,000 $95,000 $3,029 6.85%

    For 2023, Unify Financial Credit Union's most frequently originated type of loan was HELOC, with 239 originations. Their 2nd most popular type was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 240 $25,390,000 $105,792 $98 9.78%
    Home Purchase 77 $29,545,000 $383,701 $3,651 6.40%
    Other 44 $5,310,000 $120,682 $491 10.04%
    Cash Out Refi 21 $5,415,000 $257,857 $2,531 7.17%
    Refi 2 $210,000 $105,000 $1,249 6.40%

    For 2023, Unify Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 240 originations. The 2nd most popular reason was Home Purchase, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 327 $58,695,000 $179,495 $3,403 8.91%
    15 Year 41 $4,705,000 $114,756 $781 9.62%
    20 Year 8 $2,110,000 $263,750 $1,641 6.98%
    10 Year 5 $245,000 $49,000 $0 10.79%
    5 Year 3 $115,000 $38,333 $0 9.66%

    For 2023, Unify Financial Credit Union's most frequently cited loan duration was 30 Year, with 327 originations. The 2nd most popular length was 15 Year, with 41 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 111 $30,335,000 $273,288
    $5k+ 9 $3,255,000 $361,667
    $1k-2k 7 $1,395,000 $199,286
    $2k-3k 6 $1,160,000 $193,333
    $3k-4k 5 $1,765,000 $353,000
    $4k-5k 2 $400,000 $200,000

    Unify Financial Credit Union's average total fees were $3,403, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 279 $29,015,000 $103,996
    6-7% 52 $17,630,000 $339,038
    7-8% 31 $6,875,000 $221,774
    5-6% 18 $10,320,000 $573,333
    4-5% 4 $2,030,000 $507,500

    During 2023, Unify Financial Credit Union's average interest rate for loans was 8.91%, while their most frequently originated rate bucket for loans was Over 8%, with 279 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 170 $9,600,000 $56,471 $506 9.81%
    $100k-200k 108 $14,750,000 $136,574 $2,044 9.12%
    $200k-400k 80 $21,300,000 $266,250 $3,243 7.88%
    $400k-600k 14 $6,980,000 $498,571 $3,296 6.65%
    $1MM+ 6 $8,670,000 $1,445,000 $5,380 6.15%
    $600k-1MM 6 $4,570,000 $761,667 $5,224 5.60%

    2023 saw Unify Financial Credit Union place emphasis on $100,000 or less loans with 170 originations, totaling $9,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 112 $13,780,000 $123,036 $1,760 9.29%
    $150k-250k 112 $22,630,000 $202,054 $2,520 8.92%
    $75k-100k 58 $7,050,000 $121,552 $1,867 8.93%
    $50k-75k 48 $4,170,000 $86,875 $2,505 8.55%
    $250k+ 42 $17,390,000 $414,048 $3,988 8.85%
    $50k or less 12 $850,000 $70,833 $1,485 8.76%

    Unify Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 112 originations. The second most popular income band? $150k-250k, with 112 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 69 $12,165,000 $176,304 $2,116 8.90%
    20-30% 57 $10,235,000 $179,561 $2,463 8.63%
    43% 43 $8,025,000 $186,628 $2,527 9.11%
    44% 32 $5,370,000 $167,813 $2,037 9.53%
    45% 26 $3,450,000 $132,692 $300 8.96%
    42% 23 $2,395,000 $104,130 $1,690 10.48%
    41% 20 $4,190,000 $209,500 $4,544 9.22%
    39% 19 $3,155,000 $166,053 $3,823 9.20%
    46% 13 $1,465,000 $112,692 $1,580 9.10%
    36% 13 $2,945,000 $226,538 $3,785 8.35%
    <20% 12 $1,440,000 $120,000 $2,107 7.93%
    38% 11 $2,245,000 $204,091 $2,443 8.03%
    37% 11 $1,925,000 $175,000 $2,001 9.39%
    40% 10 $1,020,000 $102,000 $317 10.17%
    48% 10 $990,000 $99,000 $1,369 8.82%
    49% 9 $2,615,000 $290,556 $1,115 6.94%
    47% 4 $1,110,000 $277,500 $5,902 7.82%
    50-60% 2 $1,130,000 $565,000 $3,776 6.40%

    Unify Financial Credit Union lent most frequently to those with DTI ratios of 30-36%, with 69 originations. The next most common DTI ratio? 20-30%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 233 $36,515,000 $156,717 $2,370 8.83%
    Not provided 68 $14,160,000 $208,235 $2,709 9.38%
    Black 43 $8,145,000 $189,419 $1,508 8.94%
    Asian 35 $6,345,000 $181,286 $2,697 9.19%
    Native Hawaiian or Islander 3 $345,000 $115,000 $1,005 9.53%
    American Indian 1 $305,000 $305,000 $2,204 6.38%
    1 $55,000 $55,000 $0 8.74%

    Approval Rates

    Total approvals of all applications
    61.11%

    Unify Financial Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    57.03%

    Unify Financial Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 384 $65,870,000 $171,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    384 $65,870,000 $171,536

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $11,685,000 $147,911 $1,803 9.31%
    40-60% 28 $9,030,000 $322,500 $2,994 7.54%
    60-80% 35 $12,535,000 $358,143 $4,389 6.69%
    80-100% 35 $14,845,000 $424,143 $3,033 6.67%
    Under 20% 207 $17,775,000 $85,870 $258 9.81%