Unify Financial Credit Union Mortgage Rates, Fees & Info

Torrance, CA

LEI: 549300FWYXJ79KO49290

Tax ID: 34-6541032

5 stars - out of 5 stars, based on 31 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Unify Financial Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Unify Financial Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Dallas, San Francisco, Fayetteville, and Oxnard among others. Unify Financial Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Unify Financial Credit Union is typically a low fee lendor.


Originations

977

Origination Dollar Volume (All Markets)

$291,205,000
Show all (11) awards

Relative Rate

Unify Financial Credit Union's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

Unify Financial Credit Union's average total fees for a 30 year fixed rate mortgage are $2,352.

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
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 293 $116,445,000 $397,423 $2,065 2.85%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 76 $23,420,000 $308,158 $2,869 2.90%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 65 $21,055,000 $323,923 $2,178 2.89%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 80 $12,390,000 $154,875 $1,773 2.99%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 34 $11,230,000 $330,294 $2,653 2.86%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 33 $9,885,000 $299,545 $2,360 3.20%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 30 $7,380,000 $246,000 $2,720 2.88%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 16 $6,810,000 $425,625 $2,395 2.87%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 33 $6,675,000 $202,273 $1,434 2.90%
Outside of Metro Areas 37 $6,105,000 $165,000 $1,674 2.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $5,385,000 $359,000 $2,214 2.79%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 13 $4,175,000 $321,154 $1,845 3.09%
VALLEJO, CA (FHA|USDA|VA) 7 $3,365,000 $480,714 $2,208 2.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $2,545,000 $509,000 $1,190 2.46%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $2,495,000 $277,222 $1,688 2.76%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 12 $2,420,000 $201,667 $1,534 2.79%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $2,380,000 $297,500 $2,296 2.62%
RENO, NV (FHA|USDA|VA) 5 $2,265,000 $453,000 $1,608 3.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 7 $2,105,000 $300,714 $1,167 2.81%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $1,780,000 $148,333 $1,405 2.89%
Tupelo, MS (FHA|USDA|VA) 14 $1,700,000 $121,429 $1,457 3.49%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,585,000 $226,429 $1,586 2.98%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,485,000 $297,000 $1,838 2.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,480,000 $246,667 $2,801 2.74%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,360,000 $226,667 $2,452 2.50%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $1,350,000 $337,500 $3,803 2.96%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,285,000 $183,571 $2,348 2.85%
STOCKTON, CA (FHA|USDA|VA) 4 $1,220,000 $305,000 $1,791 2.95%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $32,351 2.88%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,767 3.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 3 $995,000 $331,667 $2,544 2.77%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $835,000 $278,333 $4,078 3.21%
EVANSVILLE, IN-KY (FHA|USDA|VA) 5 $835,000 $167,000 $1,108 2.96%
Richmond-Berea, KY (FHA|USDA|VA) 6 $830,000 $138,333 $1,290 2.60%
ANN ARBOR, MI (FHA|USDA|VA) 4 $820,000 $205,000 $3,042 2.83%
MODESTO, CA (FHA|USDA|VA) 2 $790,000 $395,000 $1,371 3.31%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $765,000 $255,000 $1,452 2.86%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $720,000 $360,000 $1,267 2.66%
HUNTSVILLE, AL (FHA|USDA|VA) 4 $720,000 $180,000 $1,111 3.03%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $675,000 $675,000 $2,280 3.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $665,000 $221,667 $1,874 3.08%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $625,000 $625,000 $19,371 3.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $3,386 2.71%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $585,000 $195,000 $4,153 3.11%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 3 $535,000 $178,333 $711 3.73%
SPARTANBURG, SC (FHA|USDA|VA) 1 $525,000 $525,000 $3,486 2.45%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $525,000 $175,000 $1,562 2.81%
ST. GEORGE, UT (FHA|USDA|VA) 2 $510,000 $255,000 $1,926 3.18%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $490,000 $245,000 $1,067 3.25%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $470,000 $235,000 $1,265 2.70%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $460,000 $230,000 $2,233 2.59%
EL PASO, TX (FHA|USDA|VA) 4 $430,000 $107,500 $1,853 2.66%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $4,151 2.68%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $405,000 $405,000 $3,279 3.05%
Adrian, MI (FHA|USDA|VA) 2 $370,000 $185,000 $1,634 2.95%
GREEN BAY, WI (FHA|USDA|VA) 1 $365,000 $365,000 $775 2.90%
BOISE CITY, ID (FHA|USDA|VA) 1 $365,000 $365,000 $1,605 2.88%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $355,000 $355,000 $3,027 3.40%
Frankfort, KY (FHA|USDA|VA) 2 $340,000 $170,000 $1,440 2.86%
OWENSBORO, KY (FHA|USDA|VA) 1 $335,000 $335,000 $2,114 3.03%
TUCSON, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $1,679 2.88%
JOPLIN, MO (FHA|USDA|VA) 2 $330,000 $165,000 $1,510 3.46%
SALINAS, CA (FHA|USDA|VA) 1 $315,000 $315,000 $2,444 2.88%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $310,000 $155,000 $1,233 2.79%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $305,000 $305,000 $2,373 3.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,451 3.13%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $285,000 $285,000 $1,734 2.58%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $285,000 $285,000 $1,705 3.03%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $1,154 3.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $270,000 $135,000 $2,460 2.89%
PEORIA, IL (FHA|USDA|VA) 1 $265,000 $265,000 $1,960 3.38%
COLUMBUS, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,431 2.90%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $245,000 $245,000 $3,257 2.80%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $230,000 $115,000 $1,830 3.44%
Point Pleasant, WV-OH (FHA|USDA|VA) 2 $230,000 $115,000 $1,909 2.96%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $225,000 $225,000 $1,000 3.38%
Cornelia, GA (FHA|USDA|VA) 1 $225,000 $225,000 $1,150 3.20%
LONGVIEW, TX (FHA|USDA|VA) 1 $225,000 $225,000 $2,118 2.98%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $215,000 $215,000 $950 3.58%
Mount Sterling, KY (FHA|USDA|VA) 1 $205,000 $205,000 $1,406 2.35%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $195,000 $195,000 $1,142 2.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $1,781 3.63%
Vincennes, IN (FHA|USDA|VA) 1 $185,000 $185,000 $949 2.43%
LAS CRUCES, NM (FHA|USDA|VA) 1 $185,000 $185,000 $2,468 2.65%
PROVO-OREM, UT (FHA|USDA|VA) 1 $175,000 $175,000 $1,448 2.98%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $175,000 $175,000 $1,014 2.55%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $1,647 3.13%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.05%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $165,000 $165,000 $4,178 2.85%
Plattsburgh, NY (FHA|USDA|VA) 1 $165,000 $165,000 $1,902 3.13%
Jasper, IN (FHA|USDA|VA) 2 $160,000 $80,000 $1,153 2.83%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $155,000 $155,000 $1,765 3.25%
Hilo, HI (FHA|USDA|VA) 1 $155,000 $155,000 $2,801 2.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $145,000 $145,000 $1,033 3.08%
JACKSON, MI (FHA|USDA|VA) 1 $145,000 $145,000 $945 3.15%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $1,842 3.10%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $135,000 $135,000 $1,909 2.98%
CLEVELAND, TN (FHA|USDA|VA) 1 $135,000 $135,000 $1,134 3.05%
FRESNO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $1,664 2.48%
CHICO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $1,047 2.45%
Hobbs, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,427 2.88%
RICHMOND, VA (FHA|USDA|VA) 1 $115,000 $115,000 $860 2.83%
Sedalia, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,984 2.75%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $105,000 $105,000 $525 2.25%
Albertville, AL (FHA|USDA|VA) 1 $95,000 $95,000 $1,999 3.95%
Sidney, OH (FHA|USDA|VA) 1 $95,000 $95,000 $1,649 3.75%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $95,000 $95,000 $1,267 3.20%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $95,000 $95,000 $1,000 3.35%
Pittsburg, KS (FHA|USDA|VA) 1 $85,000 $85,000 $2,000 3.08%
Moses Lake, WA (FHA|USDA|VA) 1 $85,000 $85,000 $1,013 3.20%
TULSA, OK (FHA|USDA|VA) 1 $85,000 $85,000 $2,766 3.05%
Bardstown, KY (FHA|USDA|VA) 1 $85,000 $85,000 $1,065 3.25%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $75,000 $75,000 $1,776 2.93%
Maysville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $1,596 2.45%

Unify Financial Credit Union's top markets include Los Angeles, Dallas, San Francisco, Fayetteville, and Oxnard among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 977 $291,205,000 $298,060 $2,129 2.91%

For the 2021 period, Unify Financial Credit Union's most frequently originated loan type of loans were Conventional, with 977 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 305 $89,155,000 $292,311 $1,839 2.76%
Cash Out Refi 270 $85,960,000 $318,370 $2,219 3.02%
Other 203 $52,515,000 $258,695 $1,676 2.84%
Home Purchase 163 $54,095,000 $331,871 $3,134 3.06%
Home Improvement 36 $9,480,000 $263,333 $2,034 2.99%

For the 2021, Unify Financial Credit Union's most frequently cited loan purpose of loans were Refi, with 305 originations. The 2nd most popular reason of loans were Cash Out Refi, with 270 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 571 $203,455,000 $356,313 $2,352 3.11%
15 Year 286 $62,720,000 $219,301 $1,865 2.53%
20 Year 91 $21,625,000 $237,637 $1,781 2.93%
10 Year 29 $3,405,000 $117,414 $1,309 2.64%

For the 2021, Unify Financial Credit Union's most frequently cited loan length of loans were 30 Year, with 571 originations. The 2nd most popular length of loans were 15 Year, with 286 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 813 $240,795,000 $296,181
$1k-2k 36 $9,630,000 $267,500
$2k-3k 29 $8,035,000 $277,069
$3k-4k 24 $7,820,000 $325,833
$5k+ 23 $11,295,000 $491,087

$2,352 of loans were Unify Financial Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 813 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 380 $119,580,000 $314,684
2.5-3% 371 $122,225,000 $329,447
<2.5% 218 $48,250,000 $221,330
4-5% 4 $880,000 $220,000
Over 8% 3 $245,000 $81,667
5-6% 1 $25,000 $25,000

During 2021, Unify Financial Credit Union's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were 3-4%, with 380 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 406 $114,910,000 $283,030 $2,094 2.92%
$100k-200k 268 $40,850,000 $152,425 $1,657 2.86%
$400k-600k 130 $62,660,000 $482,000 $2,606 2.95%
$100,000 or less 98 $7,310,000 $74,592 $1,416 2.88%
$600k-1MM 58 $43,400,000 $748,276 $3,284 3.01%
$1MM+ 17 $22,075,000 $1,298,529 $6,796 3.04%

2021 saw Unify Financial Credit Union place emphasis on $200k-400k loans with 406 originations, totaling $114,910,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 248 $74,430,000 $300,121 $2,278 2.92%
$50k-75k 210 $40,430,000 $192,524 $1,721 2.90%
$150k-250k 191 $78,495,000 $410,969 $2,385 2.88%
$75k-100k 155 $37,525,000 $242,097 $1,958 2.88%
$50k or less 96 $13,660,000 $142,292 $1,593 2.96%
$250k+ 77 $46,665,000 $606,039 $3,131 2.97%

Unify Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 248 originations. The second most popular income band? $50k-75k, with 210 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 251 $65,725,000 $261,853 $2,064 2.80%
30-36% 194 $58,150,000 $299,742 $1,943 2.96%
<20% 107 $23,865,000 $223,037 $1,739 2.79%
42% 44 $13,370,000 $303,864 $2,073 2.79%
36% 42 $14,130,000 $336,429 $2,352 2.88%
38% 40 $12,510,000 $312,750 $2,448 3.05%
39% 37 $11,245,000 $303,919 $2,832 3.00%
37% 35 $10,705,000 $305,857 $2,700 3.14%
40% 30 $10,320,000 $344,000 $1,890 2.98%
45% 29 $11,825,000 $407,759 $1,959 3.04%
44% 28 $9,820,000 $350,714 $1,940 3.13%
43% 26 $9,890,000 $380,385 $2,957 2.89%
41% 24 $10,140,000 $422,500 $2,643 3.00%
46% 24 $7,190,000 $299,583 $2,121 2.95%
48% 21 $6,235,000 $296,905 $2,177 2.91%
47% 20 $6,810,000 $340,500 $2,495 2.88%
49% 20 $7,360,000 $368,000 $2,596 3.05%
50-60% 5 $1,915,000 $383,000 $1,158 2.87%

Unify Financial Credit Union lent most frequently to those with DTI ratios of 20-30%, with 251 originations. The next most common DTI ratio? 30-36%, with 194 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 611 $170,255,000 $278,650 $2,055 2.91%
Not provided 193 $60,365,000 $312,772 $2,307 2.83%
Asian 78 $29,650,000 $380,128 $2,252 2.84%
Black 77 $23,865,000 $309,935 $2,098 3.14%
American Indian 11 $3,885,000 $353,182 $2,694 3.05%
Native Hawaiian 5 $1,825,000 $365,000 $1,429 2.92%
Filipino 1 $915,000 $915,000 $1,210 3.13%
Asian Indian 1 $445,000 $445,000 $5,087 2.13%

Approval Rates

Total approvals of all applications
74.37%

Unify Financial Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
49.53%

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 977 $291,205,000 $298,060

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
977 $291,205,000 $298,060

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 189 $47,115,000 $249,286 $1,770 2.73%
40-60% 280 $82,970,000 $296,321 $1,843 2.76%
60-80% 332 $119,700,000 $360,542 $2,535 3.08%
80-100% 104 $30,750,000 $295,673 $2,600 3.12%
Under 20% 72 $10,670,000 $148,194 $1,563 2.83%