University Credit Union Mortgage Rates, Fees & Info
Los Angeles, CALEI: 549300G5ZQEXZC4Y5G44
Tax ID: 95-1715669
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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% | 4/25/24 |
| 30 Year Conventional Purchase | 6.42% | 4/25/24 |
| 30 Year Conventional Refi | 6.33% | 4/25/24 |
| 30 Year Cash-out Refi | 6.39% | 4/25/24 |
| 15 Year Conventional Purchase | 5.85% | 4/25/24 |
| 15 Year Conventional Refi | 5.70% | 4/25/24 |
| 15 Year Cash-out Refi | 5.70% | 4/25/24 |
| 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
436Origination Dollar Volume (All Markets)
$71,210,000Awards
UNIVERSITY CREDIT UNION - 2023
UNIVERSITY CREDIT UNION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications78.91%
University Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination58.03%
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 |