University Credit Union Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300G5ZQEXZC4Y5G44
Tax ID: 95-1715669
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Overview
University Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. University Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, San Luis Obispo, Oxnard, and San Francisco among others. University Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. University Credit Union is typically an average fee lendor.Originations
265Origination Dollar Volume (All Markets)
$147,155,000Relative Rate
University Credit Union's average 30 year fixed rate mortgage of loans were
3.01%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.14%.
Relative Fees
University Credit Union's average total fees for a 30 year fixed rate
mortgage are $5,145.
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) | 197 | $113,735,000 | $577,335 | $5,412 | 2.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $3,630,000 | $605,000 | $7,642 | 2.66% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $3,125,000 | $1,041,667 | $9,013 | 2.37% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $3,020,000 | $503,333 | $5,074 | 3.02% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,940,000 | $490,000 | $3,958 | 2.98% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $6,320 | 3.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $2,055,000 | $685,000 | $3,990 | 3.58% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $1,565,000 | $521,667 | $5,578 | 2.71% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $9,979 | 2.88% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $3,728 | 2.94% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $4,657 | 2.75% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $4,581 | 2.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $4,851 | 2.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $4,097 | 3.88% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,861 | 3.06% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,172 | 2.31% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $6,761 | 3.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $6,074 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $3,440 | 3.19% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $2,911 | 2.35% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $3,897 | 4.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,535 | 2.35% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $3,871 | 2.86% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,836 | 3.38% |
| Brevard, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,717 | 2.50% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,835 | 2.25% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,207 | 2.85% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,879 | 3.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,188 | 3.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,409 | 3.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,753 | 3.25% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,513 | 3.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,336 | 3.13% |
| MERCED, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,772 | 2.38% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $3,593 | 3.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,354 | 3.13% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,682 | 4.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,810 | 2.88% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,618 | 2.25% |
| Coos Bay, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,550 | 2.63% |
| REDDING, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,421 | 1.99% |
University Credit Union's top markets include Los Angeles, Riverside, San Luis Obispo, Oxnard, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 265 | $147,155,000 | $555,302 | $5,263 | 2.94% |
For the 2021 period, University Credit Union's most frequently originated loan type of loans were Conventional, with 265 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 106 | $55,410,000 | $522,736 | $5,055 | 2.99% |
| Refi | 85 | $48,045,000 | $565,235 | $4,799 | 2.86% |
| Home Purchase | 49 | $30,445,000 | $621,327 | $6,729 | 2.97% |
| Home Improvement | 25 | $13,255,000 | $530,200 | $4,838 | 2.94% |
For the 2021, University Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 106 originations. The 2nd most popular reason of loans were Refi, with 85 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 201 | $126,005,000 | $626,891 | $5,145 | 3.01% |
| 15 Year | 45 | $14,545,000 | $323,222 | $5,774 | 2.64% |
| 20 Year | 14 | $4,980,000 | $355,714 | $5,456 | 3.04% |
| 10 Year | 3 | $855,000 | $285,000 | $3,231 | 2.67% |
| Other | 2 | $770,000 | $385,000 | $7,217 | 2.81% |
For the 2021, University Credit Union's most frequently cited loan length of loans were 30 Year, with 201 originations. The 2nd most popular length of loans were 15 Year, with 45 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 148 | $75,570,000 | $510,608 |
| $2k-3k | 43 | $34,595,000 | $804,535 |
| $5k+ | 30 | $14,160,000 | $472,000 |
| $3k-4k | 28 | $14,710,000 | $525,357 |
| $<1k | 15 | $7,605,000 | $507,000 |
$5,145 of loans were University Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 148 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 108 | $55,940,000 | $517,963 |
| 3-4% | 107 | $65,935,000 | $616,215 |
| <2.5% | 49 | $25,105,000 | $512,347 |
| 4-5% | 1 | $175,000 | $175,000 |
During 2021, University Credit Union's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 108 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 91 | $27,815,000 | $305,659 | $5,057 | 2.91% |
| $400k-600k | 68 | $32,700,000 | $480,882 | $5,087 | 2.97% |
| $600k-1MM | 59 | $48,095,000 | $815,169 | $5,327 | 2.98% |
| $1MM+ | 25 | $35,185,000 | $1,407,400 | $7,467 | 2.98% |
| $100k-200k | 21 | $3,275,000 | $155,952 | $3,930 | 2.80% |
| $100,000 or less | 1 | $85,000 | $85,000 | $4,898 | 3.00% |
2021 saw University Credit Union place emphasis on $200k-400k loans with 91 originations, totaling $27,815,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 73 | $41,635,000 | $570,342 | $6,266 | 3.02% |
| $250k+ | 65 | $55,485,000 | $853,615 | $5,489 | 2.81% |
| $100k-150k | 64 | $30,710,000 | $479,844 | $4,947 | 2.94% |
| $75k-100k | 36 | $12,250,000 | $340,278 | $4,255 | 2.99% |
| $50k-75k | 23 | $6,265,000 | $272,391 | $4,320 | 2.95% |
| $50k or less | 4 | $810,000 | $202,500 | $2,884 | 3.09% |
University Credit Union lent most frequently to those with incomes in the $150k-250k range, with 73 originations. The second most popular income band? $250k+, with 65 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 52 | $24,690,000 | $474,808 | $5,790 | 2.95% |
| 30-36% | 44 | $21,320,000 | $484,545 | $5,111 | 2.92% |
| 37% | 21 | $10,865,000 | $517,381 | $4,421 | 2.99% |
| <20% | 17 | $5,405,000 | $317,941 | $3,930 | 2.76% |
| 42% | 17 | $12,505,000 | $735,588 | $3,979 | 2.93% |
| 40% | 15 | $7,265,000 | $484,333 | $4,811 | 3.06% |
| 36% | 14 | $6,550,000 | $467,857 | $6,265 | 2.83% |
| 44% | 13 | $8,025,000 | $617,308 | $6,287 | 2.86% |
| 45% | 13 | $7,465,000 | $574,231 | $4,683 | 3.04% |
| 41% | 12 | $12,430,000 | $1,035,833 | $5,666 | 3.08% |
| 49% | 12 | $6,620,000 | $551,667 | $5,916 | 3.05% |
| 47% | 9 | $4,595,000 | $510,556 | $5,715 | 2.96% |
| 43% | 8 | $5,050,000 | $631,250 | $4,682 | 2.71% |
| 39% | 7 | $6,875,000 | $982,143 | $6,200 | 3.10% |
| 48% | 4 | $2,970,000 | $742,500 | $8,777 | 2.53% |
| 46% | 3 | $1,695,000 | $565,000 | $5,499 | 3.21% |
| 50-60% | 2 | $680,000 | $340,000 | $3,132 | 2.62% |
| 38% | 2 | $2,150,000 | $1,075,000 | $4,786 | 3.25% |
University Credit Union lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 106 | $57,970,000 | $546,887 | $4,832 | 2.97% |
| Not provided | 92 | $56,190,000 | $610,761 | $6,029 | 2.89% |
| Asian | 33 | $17,585,000 | $532,879 | $4,580 | 2.93% |
| Black | 31 | $14,295,000 | $461,129 | $5,314 | 3.01% |
| Asian Indian | 1 | $755,000 | $755,000 | $4,763 | 2.75% |
| American Indian | 1 | $205,000 | $205,000 | $3,772 | 2.38% |
| Filipino | 1 | $155,000 | $155,000 | $3,415 | 2.88% |
Approval Rates
Total approvals of all applications90.66%
University Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination37.19%
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 | 265 | $147,155,000 | $555,302 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 265 | $147,155,000 | $555,302 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 45 | $17,855,000 | $396,778 | $4,630 | 2.83% |
| 40-60% | 69 | $37,985,000 | $550,507 | $4,773 | 2.92% |
| 60-80% | 107 | $66,055,000 | $617,336 | $5,085 | 2.99% |
| 80-100% | 32 | $22,110,000 | $690,938 | $6,837 | 3.05% |
| Under 20% | 12 | $3,150,000 | $262,500 | $7,831 | 2.64% |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |
