University Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300G5ZQEXZC4Y5G44

Tax ID: 95-1715669

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Mortgage Data

Review & 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 by origination volume include: Los Angeles, Riverside, San Luis Obispo, Oxnard, and San Francisco among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)

University Credit Union has an above 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 about average 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% 10/31/24
30 Year Conventional Purchase 6.42% 10/31/24
30 Year Conventional Refi 6.33% 10/31/24
30 Year Cash-out Refi 6.39% 10/31/24
15 Year Conventional Purchase 5.85% 10/31/24
15 Year Conventional Refi 5.70% 10/31/24
15 Year Cash-out Refi 5.70% 10/31/24
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

265

Origination Dollar Volume (All Markets)

$147,155,000

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) 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.

Their top states include:
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (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.

    Christian Community Credit Union
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    Los Angeles Federal Credit Union
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    FRONTWAVE
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $147,155,000 $555,302 $5,263 2.94%

    For 2021, University Credit Union's most frequently originated type of loan was Conventional, with 265 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, University Credit Union's most frequently cited loan purpose was Cash Out Refi, with 106 originations. The 2nd most popular reason was 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 2021, University Credit Union's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 15 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 17 $10,195,000 $599,706
    $<1k 15 $7,605,000 $507,000
    $4k-5k 11 $4,515,000 $410,455

    University Credit Union's average total fees were $5,145, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.01%, while their most frequently originated rate bucket for loans was 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 applications
    91.68%

    University Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    32.45%

    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%