University Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300G5ZQEXZC4Y5G44

Tax ID: 95-1715669

5 stars - Updated: 10/13/24 - out of 5 stars, based on 21 reviews

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

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Mortgage Data

Review & Overview

University Credit Union is a smaller credit union specializing in Other and Home Improvement loans. University Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Francisco, Sacramento, Battle Creek, and San Diego among others. We have data for 88 markets. (Some data included below & more in-depth data is available with an active subscription.)

University Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. University Credit Union 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 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) 6.59% 10/13/24
30 Year Conventional Purchase 6.42% 10/13/24
30 Year Conventional Refi 6.33% 10/13/24
30 Year Cash-out Refi 6.39% 10/13/24
15 Year Conventional Purchase 5.85% 10/13/24
15 Year Conventional Refi 5.70% 10/13/24
15 Year Cash-out Refi 5.70% 10/13/24
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.

University Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from University 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

436

Origination Dollar Volume (All Markets)

$71,210,000

Awards

UNIVERSITY CREDIT UNION 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

University Credit Union's average 30 year fixed mortgage rate was 7.45%.

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

This yields a difference of 0.97%.

Relative Fees (Closing Costs)

University Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $6,170.

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) 160 $29,410,000 $183,813 $4,987 8.52%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 24 $4,680,000 $195,000 $4,227 8.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 16 $3,420,000 $213,750 $7,171 8.57%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $2,645,000 $2,645,000 $0 6.25%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $2,585,000 $235,000 $5,113 8.68%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 22 $2,400,000 $109,091 $4,225 8.84%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $2,075,000 $230,556 $6,795 8.46%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 16 $1,720,000 $107,500 $4,840 9.80%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $1,590,000 $132,500 $5,591 9.48%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 13 $1,575,000 $121,154 $4,514 9.05%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $1,370,000 $685,000 $7,563 6.55%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 9 $1,115,000 $123,889 $4,352 8.89%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $980,000 $163,333 $5,029 8.81%
Outside of Metro Areas 10 $970,000 $97,000 $4,690 8.86%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $790,000 $131,667 $4,258 8.92%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $780,000 $195,000 $5,957 9.06%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $740,000 $92,500 $4,433 9.37%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $660,000 $165,000 $6,625 9.25%
FRESNO, CA (FHA|USDA|VA) 3 $645,000 $215,000 $8,198 8.54%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $540,000 $135,000 $5,734 9.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $510,000 $127,500 $5,347 10.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $480,000 $240,000 $4,738 8.69%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $440,000 $110,000 $3,398 9.69%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $415,000 $138,333 $5,779 10.75%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $405,000 $405,000 $0 8.25%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $335,000 $111,667 $4,607 8.42%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $330,000 $165,000 $4,461 8.38%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $305,000 $101,667 $4,965 10.17%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,744 6.88%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $290,000 $145,000 $0 8.63%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $260,000 $130,000 $5,713 9.75%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $255,000 $255,000 $0 9.99%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 3 $245,000 $81,667 $4,210 9.08%
BOULDER, CO (FHA|USDA|VA) 1 $235,000 $235,000 $4,424 6.75%
RICHMOND, VA (FHA|USDA|VA) 2 $230,000 $115,000 $4,723 8.75%
Easton, MD (FHA|USDA|VA) 1 $205,000 $205,000 $8,310 8.49%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $180,000 $90,000 $4,678 7.75%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $170,000 $85,000 $4,424 7.25%
STOCKTON, CA (FHA|USDA|VA) 2 $170,000 $85,000 $4,230 9.62%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $578 9.49%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $160,000 $80,000 $4,231 9.75%
ROANOKE, VA (FHA|USDA|VA) 2 $150,000 $75,000 $4,067 10.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $150,000 $75,000 $4,180 9.75%
SAVANNAH, GA (FHA|USDA|VA) 1 $145,000 $145,000 $5,622 8.75%
Kapaa, HI (FHA|USDA|VA) 1 $145,000 $145,000 $0 9.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $140,000 $70,000 $3,407 10.25%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $140,000 $70,000 $3,958 9.50%
BELLINGHAM, WA (FHA|USDA|VA) 1 $135,000 $135,000 $5,136 9.75%
Centralia, WA (FHA|USDA|VA) 1 $135,000 $135,000 $5,136 8.75%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $135,000 $135,000 $4,954 8.49%
RACINE, WI (FHA|USDA|VA) 1 $125,000 $125,000 $4,998 8.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,875 9.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $125,000 $125,000 $5,656 9.75%
TUCSON, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $5,335 10.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $5,241 10.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $110,000 $55,000 $3,313 10.00%
Hilo, HI (FHA|USDA|VA) 1 $105,000 $105,000 $0 10.75%
Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $5,025 9.75%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,840 10.75%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $95,000 $95,000 $5,174 10.38%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $95,000 $95,000 $4,797 9.75%
MODESTO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $4,333 9.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $85,000 $85,000 $4,510 9.75%
Roseburg, OR (FHA|USDA|VA) 1 $85,000 $85,000 $3,980 8.75%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $75,000 $75,000 $4,090 10.75%
MADERA, CA (FHA|USDA|VA) 1 $75,000 $75,000 $4,167 9.49%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $4,101 10.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $75,000 $75,000 $3,809 10.75%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $75,000 $75,000 $3,220 6.99%
LAS CRUCES, NM (FHA|USDA|VA) 1 $75,000 $75,000 $4,315 6.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $3,565 7.75%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,304 7.75%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $75,000 $75,000 $3,807 9.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $75,000 $75,000 $3,070 9.49%
Scottsboro, AL (FHA|USDA|VA) 1 $75,000 $75,000 $4,163 10.75%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $75,000 $75,000 $4,530 9.49%
STAUNTON, VA (FHA|USDA|VA) 1 $75,000 $75,000 $4,297 10.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $75,000 $75,000 $3,510 6.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $75,000 $75,000 $4,235 9.49%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $75,000 $75,000 $4,065 10.75%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $65,000 $65,000 $4,115 9.49%
REDDING, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.00%
TOLEDO, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,795 7.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,780 8.75%
Madisonville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $3,450 10.75%
BATON ROUGE, LA (FHA|USDA|VA) 1 $65,000 $65,000 $3,820 9.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $55,000 $55,000 $3,699 10.75%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $45,000 $45,000 $3,451 8.75%
University Credit Union's top markets include Los Angeles, San Francisco, Sacramento, Battle Creek, and San Diego among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against UNIVERSITY 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
    LBS FINANCIAL
    Similarity Rank: 258
    SOUTHLAND CREDIT UNION
    Similarity Rank: 342
    FIRST ENTERTAINMENT
    Similarity Rank: 351
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 477
    ALTURA
    Similarity Rank: 560
    LA Financial Federal Credit Union
    Similarity Rank: 660
    FRONTWAVE
    Similarity Rank: 660
    I.L.W.U. CREDIT UNION
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 238 $38,360,000 $161,176 $4,848 8.95%
    HELOC 198 $32,850,000 $165,909 n/a 8.79%

    For 2023, University Credit Union's most frequently originated type of loan was Conventional, with 238 originations. Their 2nd most popular type was HELOC, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 218 $24,320,000 $111,560 $4,682 9.24%
    Home Improvement 157 $26,385,000 $168,057 $4,696 8.72%
    Cash Out Refi 30 $5,450,000 $181,667 $4,641 8.97%
    Home Purchase 25 $13,485,000 $539,400 $6,598 6.87%
    Refi 6 $1,570,000 $261,667 $4,974 7.40%

    For 2023, University Credit Union's most frequently cited loan purpose was Other, with 218 originations. The 2nd most popular reason was Home Improvement, with 157 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 396 $53,510,000 $135,126 $4,683 9.03%
    30 Year 36 $13,320,000 $370,000 $6,170 7.45%
    10 Year 2 $3,780,000 $1,890,000 $0 6.30%
    15 Year 2 $600,000 $300,000 $5,219 6.44%

    For 2023, University Credit Union's most frequently cited loan duration was Other, with 396 originations. The 2nd most popular length was 30 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 89 $10,755,000 $120,843
    $3k-4k 76 $8,270,000 $108,816
    $4k-5k 27 $4,015,000 $148,704
    $5k+ 25 $6,065,000 $242,600
    $1k-2k 14 $3,770,000 $269,286
    $<1k 1 $165,000 $165,000

    University Credit Union's average total fees were $6,170, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 89 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 324 $44,080,000 $136,049
    7-8% 67 $12,635,000 $188,582
    6-7% 40 $13,470,000 $336,750
    5-6% 5 $1,025,000 $205,000

    During 2023, University Credit Union's average interest rate for loans was 7.45%, while their most frequently originated rate bucket for loans was Over 8%, with 324 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 182 $13,070,000 $71,813 $4,011 9.24%
    $100k-200k 147 $19,105,000 $129,966 $4,965 8.91%
    $200k-400k 79 $20,455,000 $258,924 $6,481 8.44%
    $400k-600k 17 $8,095,000 $476,176 $8,156 7.54%
    $600k-1MM 8 $5,700,000 $712,500 $6,839 7.78%
    $1MM+ 3 $4,785,000 $1,595,000 $0 7.28%

    2023 saw University Credit Union place emphasis on $100,000 or less loans with 182 originations, totaling $13,070,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 134 $22,890,000 $170,821 $5,460 8.85%
    $100k-150k 116 $14,380,000 $123,966 $4,817 8.82%
    $250k+ 81 $19,995,000 $246,852 $5,869 8.86%
    $75k-100k 54 $5,260,000 $97,407 $4,259 8.93%
    $50k-75k 45 $4,545,000 $101,000 $4,078 9.13%
    $50k or less 2 $110,000 $55,000 $0 8.88%

    University Credit Union lent most frequently to those with incomes in the $150k-250k range, with 134 originations. The second most popular income band? $100k-150k, with 116 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 67 $11,165,000 $166,642 $4,821 8.58%
    20-30% 49 $7,925,000 $161,735 $4,350 8.46%
    44% 47 $5,745,000 $122,234 $4,823 9.61%
    41% 34 $4,190,000 $123,235 $4,881 9.36%
    43% 29 $3,925,000 $135,345 $5,097 9.23%
    49% 26 $3,330,000 $128,077 $4,954 8.52%
    42% 24 $3,230,000 $134,583 $5,117 9.38%
    40% 22 $2,510,000 $114,091 $4,099 9.30%
    37% 20 $4,010,000 $200,500 $4,410 8.79%
    38% 18 $2,650,000 $147,222 $4,566 8.80%
    39% 16 $2,860,000 $178,750 $5,040 8.88%
    47% 15 $2,315,000 $154,333 $5,302 8.97%
    36% 15 $2,695,000 $179,667 $4,434 8.30%
    46% 15 $2,265,000 $151,000 $4,744 8.76%
    48% 12 $2,780,000 $231,667 $5,152 8.51%
    <20% 11 $2,325,000 $211,364 $8,704 8.01%
    45% 11 $2,415,000 $219,545 $4,933 8.49%
    >60% 2 $1,070,000 $535,000 $0 8.63%

    University Credit Union lent most frequently to those with DTI ratios of 30-36%, with 67 originations. The next most common DTI ratio? 20-30%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 224 $35,070,000 $156,563 $4,914 8.83%
    Not provided 136 $24,660,000 $181,324 $4,735 8.84%
    Black 38 $5,380,000 $141,579 $4,936 9.28%
    Asian 22 $3,130,000 $142,273 $4,357 8.75%
    Filipino 6 $1,190,000 $198,333 $0 9.00%
    Japanese 4 $510,000 $127,500 $0 8.50%
    American Indian 1 $395,000 $395,000 $0 10.24%
    Asian Indian 2 $360,000 $180,000 $0 8.75%
    Chinese 1 $305,000 $305,000 $0 9.00%
    Native Hawaiian or Islander 1 $145,000 $145,000 $0 9.00%
    Korean 1 $65,000 $65,000 $0 10.50%

    Approval Rates

    Total approvals of all applications
    78.91%

    University Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    58.03%

    University 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 436 $71,210,000 $163,326

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    436 $71,210,000 $163,326

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 119 $19,395,000 $162,983 $4,818 9.19%
    40-60% 14 $6,030,000 $430,714 $5,377 7.59%
    60-80% 12 $7,550,000 $629,167 $6,613 6.83%
    80-100% 9 $4,155,000 $461,667 $7,431 7.14%
    Under 20% 281 $34,055,000 $121,192 $4,524 8.94%