University Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300G5ZQEXZC4Y5G44

Tax ID: 95-1715669

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    University Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. University Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Oxnard, Riverside, San Diego, and San Francisco among others. We have data for 15 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 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% 4/21/24
    30 Year Conventional Purchase 6.42% 4/21/24
    30 Year Conventional Refi 6.33% 4/21/24
    30 Year Cash-out Refi 6.39% 4/21/24
    15 Year Conventional Purchase 5.85% 4/21/24
    15 Year Conventional Refi 5.70% 4/21/24
    15 Year Cash-out Refi 5.70% 4/21/24
    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

    175

    Origination Dollar Volume (All Markets)

    $64,555,000

    Awards

    UNIVERSITY CREDIT UNION 30 Year Conventional Loans silver UNIVERSITY CREDIT UNION 30 Year Conventional Loans silver
    Show all (2) awards

    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) 137 $54,255,000 $396,022 $4,457 4.52%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 10 $3,060,000 $306,000 $3,283 4.61%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 10 $1,800,000 $180,000 $3,964 4.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $1,745,000 $349,000 $7,236 4.68%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $885,000 $885,000 $5,587 3.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $775,000 $775,000 $3,700 4.63%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $410,000 $205,000 $4,068 4.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $390,000 $195,000 $4,210 4.56%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $325,000 $325,000 $3,292 3.99%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $235,000 $235,000 $4,123 3.99%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $185,000 $185,000 $4,347 5.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,400 5.38%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $125,000 $125,000 $4,679 3.99%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $105,000 $105,000 $3,799 3.75%
    SALINAS, CA (FHA|USDA|VA) 1 $95,000 $95,000 $2,618 4.63%
    University Credit Union's top markets include Los Angeles, Oxnard, Riverside, San Diego, and San Francisco among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Washington (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.

    FRONTWAVE
    Similarity Rank: 92
    LBS FINANCIAL
    Similarity Rank: 210
    LA Financial Federal Credit Union
    Similarity Rank: 321
    Water and Power Community Credit Union
    Similarity Rank: 500
    Christian Community Credit Union
    Similarity Rank: 515
    PASADENA SERVICE FEDERAL CREDIT UNION
    Similarity Rank: 612
    ALTA VISTA CREDIT UNION
    Similarity Rank: 612
    FOOTHILL FEDERAL CREDIT UNION
    Similarity Rank: 732
    VENTURA COUNTY
    Similarity Rank: 781
    SAN DIEGO COUNTY CREDIT UNION
    Similarity Rank: 816

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 175 $64,555,000 $368,886 $4,414 4.53%

    For 2018, University Credit Union's most frequently originated type of loan was Conventional, with 175 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 61 $27,095,000 $444,180 $5,115 4.40%
    Home Purchase 52 $24,140,000 $464,231 $5,910 4.41%
    Home Improvement 35 $4,595,000 $131,286 $1,307 5.18%
    Refi 27 $8,725,000 $323,148 $3,976 4.20%

    For 2018, University Credit Union's most frequently cited loan purpose was Cash Out Refi, with 61 originations. The 2nd most popular reason was Home Purchase, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 124 $56,980,000 $459,516 $5,277 4.39%
    15 Year 25 $3,855,000 $154,200 $2,083 4.78%
    10 Year 10 $1,370,000 $137,000 $3,093 4.93%
    Other 10 $800,000 $80,000 $1,004 5.23%
    20 Year 6 $1,550,000 $258,333 $4,164 4.54%

    For 2018, University Credit Union's most frequently cited loan duration was 30 Year, with 124 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 88 $35,760,000 $406,364
    $<1k 42 $5,850,000 $139,286
    $2k-3k 24 $10,370,000 $432,083
    $5k+ 11 $6,185,000 $562,273
    $3k-4k 7 $4,785,000 $683,571
    $4k-5k 2 $950,000 $475,000

    University Credit Union's average total fees were $5,277, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 101 $38,185,000 $378,069
    3-4% 49 $21,425,000 $437,245
    5-6% 21 $4,645,000 $221,190
    6-7% 4 $300,000 $75,000

    During 2018, University Credit Union's average interest rate for loans was 4.39%, while their most frequently originated rate bucket for loans was 4-5%, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $16,230,000 $289,821 $5,594 4.25%
    $100k-200k 37 $5,425,000 $146,622 $2,550 4.79%
    $400k-600k 36 $17,320,000 $481,111 $4,766 4.60%
    $600k-1MM 20 $14,110,000 $705,500 $5,619 4.25%
    $100,000 or less 19 $1,055,000 $55,526 $1,575 5.20%
    $1MM+ 7 $10,415,000 $1,487,857 $7,268 4.03%

    2018 saw University Credit Union place emphasis on $200k-400k loans with 56 originations, totaling $16,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 54 $21,520,000 $398,519 $4,121 4.67%
    $100k-150k 53 $17,165,000 $323,868 $3,804 4.56%
    $75k-100k 25 $5,805,000 $232,200 $6,250 4.53%
    $250k+ 16 $14,010,000 $875,625 $5,535 4.25%
    $50k-75k 16 $4,290,000 $268,125 $3,696 4.33%
    $50k or less 11 $1,765,000 $160,455 $4,026 4.43%

    University Credit Union lent most frequently to those with incomes in the $150k-250k range, with 54 originations. The second most popular income band? $100k-150k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $6,380,000 $290,000 $4,755 4.33%
    30-36% 21 $7,365,000 $350,714 $4,123 4.57%
    50-60% 11 $4,585,000 $416,818 $3,176 4.72%
    <20% 11 $2,465,000 $224,091 $3,639 4.28%
    39% 11 $4,385,000 $398,636 $3,165 4.51%
    40% 11 $4,425,000 $402,273 $4,087 4.40%
    41% 10 $3,960,000 $396,000 $3,404 4.98%
    45% 10 $6,880,000 $688,000 $5,498 4.51%
    37% 9 $2,965,000 $329,444 $4,193 4.68%
    49% 8 $2,480,000 $310,000 $4,200 4.42%
    >60% 6 $2,960,000 $493,333 $3,996 4.23%
    36% 6 $1,270,000 $211,667 $13,104 4.83%
    42% 6 $2,090,000 $348,333 $2,749 4.66%
    43% 6 $2,360,000 $393,333 $3,944 4.71%
    46% 6 $1,580,000 $263,333 $5,611 4.48%
    48% 6 $2,870,000 $478,333 $4,584 4.39%
    47% 5 $1,715,000 $343,000 $5,347 4.47%
    44% 5 $2,165,000 $433,000 $3,499 4.60%
    38% 5 $1,655,000 $331,000 $3,587 4.60%

    University Credit Union lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? 30-36%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 84 $29,110,000 $346,548 $4,071 4.55%
    Not provided 33 $14,405,000 $436,515 $5,875 4.43%
    Black 26 $10,430,000 $401,154 $3,963 4.57%
    Asian 27 $9,615,000 $356,111 $4,526 4.51%
    American Indian 4 $630,000 $157,500 $2,132 4.96%
    Native Hawaiian or Islander 1 $365,000 $365,000 $2,832 4.25%

    Approval Rates

    Total approvals of all applications
    88.13%

    University Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    46.29%

    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 175 $64,555,000 $368,886

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $175,000 $175,000
    Single Family (1-4 Units):Site-Built 174 $64,380,000 $370,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $5,970,000 $213,214 $4,084 4.34%
    40-60% 25 $8,405,000 $336,200 $6,241 4.42%
    60-80% 45 $25,285,000 $561,889 $4,950 4.33%
    80-100% 44 $21,300,000 $484,091 $5,312 4.50%
    Under 20% 33 $3,595,000 $108,939 $1,380 5.09%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    University Lending Group, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%