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 Refi, 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, Riverside, Oxnard, San Francisco, and Seattle among others. We have data for 23 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.59% 12/16/24
30 Year Conventional Purchase 6.42% 12/16/24
30 Year Conventional Refi 6.33% 12/16/24
30 Year Cash-out Refi 6.39% 12/16/24
15 Year Conventional Purchase 5.85% 12/16/24
15 Year Conventional Refi 5.70% 12/16/24
15 Year Cash-out Refi 5.70% 12/16/24
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

295

Origination Dollar Volume (All Markets)

$146,075,000

Top Markets

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    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) 227 $117,555,000 $517,863 $5,178 3.27%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 17 $6,525,000 $383,824 $4,912 3.29%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 11 $4,685,000 $425,909 $4,465 3.13%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $4,175,000 $596,429 $7,846 3.29%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $2,510,000 $1,255,000 $16,648 3.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $2,470,000 $411,667 $5,166 3.08%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,147 3.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $1,105,000 $368,333 $4,694 3.42%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $900,000 $450,000 $6,422 2.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $745,000 $745,000 $6,050 3.88%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $610,000 $305,000 $4,335 3.38%
    BAKERSFIELD, CA (FHA|USDA|VA) 2 $510,000 $255,000 $3,275 3.68%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $410,000 $205,000 $7,192 2.81%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $385,000 $385,000 $3,154 2.63%
    Eureka-Arcata, CA (FHA|USDA|VA) 1 $375,000 $375,000 $4,638 3.13%
    Ukiah, CA (FHA|USDA|VA) 1 $365,000 $365,000 $4,188 3.50%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,709 3.13%
    MEDFORD, OR (FHA|USDA|VA) 1 $335,000 $335,000 $3,457 3.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,930 3.25%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $2,422 3.13%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,925 5.25%
    Outside of Metro Areas 1 $145,000 $145,000 $3,594 3.38%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $2,349 3.13%
    University Credit Union's top markets include Los Angeles, Riverside, Oxnard, San Francisco, and Seattle among others.

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

    Chaffey Federal Credit Union
    Similarity Rank: 345
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    Christian Community Credit Union
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    FFC Mortgage Corp.
    Similarity Rank: 1428
    LA Financial Federal Credit Union
    Similarity Rank: 1677
    LONG BEACH FIREMEN S CREDIT UNION
    Similarity Rank: 1848
    SOUTHLAND CREDIT UNION
    Similarity Rank: 1974
    GLENDALE FEDERAL CREDIT UNION
    Similarity Rank: 2016
    ARROWHEAD CENTRAL CREDIT UNION
    Similarity Rank: 2282

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 295 $146,075,000 $495,169 $5,202 3.26%

    For 2020, University Credit Union's most frequently originated type of loan was Conventional, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 128 $59,490,000 $464,766 $4,707 3.18%
    Cash Out Refi 104 $50,190,000 $482,596 $4,806 3.34%
    Home Purchase 51 $31,735,000 $622,255 $7,554 3.23%
    Home Improvement 11 $4,625,000 $420,455 $4,233 3.39%
    Other 1 $35,000 $35,000 $526 4.99%

    For 2020, University Credit Union's most frequently cited loan purpose was Refi, with 128 originations. The 2nd most popular reason was Cash Out Refi, with 104 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 245 $128,095,000 $522,837 $5,207 3.30%
    15 Year 32 $11,580,000 $361,875 $5,172 2.93%
    20 Year 12 $4,120,000 $343,333 $5,756 3.37%
    10 Year 3 $845,000 $281,667 $2,886 2.96%
    Other 3 $1,435,000 $478,333 $5,277 3.33%

    For 2020, University Credit Union's most frequently cited loan duration was 30 Year, with 245 originations. The 2nd most popular length was 15 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 162 $76,960,000 $475,062
    $2k-3k 51 $38,155,000 $748,137
    $5k+ 34 $16,050,000 $472,059
    $<1k 19 $3,725,000 $196,053
    $3k-4k 16 $6,460,000 $403,750
    $4k-5k 13 $4,725,000 $363,462

    University Credit Union's average total fees were $5,207, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 162 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 198 $99,420,000 $502,121
    2.5-3% 87 $43,475,000 $499,713
    <2.5% 5 $1,675,000 $335,000
    4-5% 4 $1,330,000 $332,500
    5-6% 1 $175,000 $175,000

    During 2020, University Credit Union's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 3-4%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 105 $32,275,000 $307,381 $4,307 3.19%
    $400k-600k 98 $46,870,000 $478,265 $5,319 3.29%
    $600k-1MM 46 $34,750,000 $755,435 $6,029 3.33%
    $1MM+ 23 $28,715,000 $1,248,478 $8,806 3.18%
    $100k-200k 21 $3,335,000 $158,810 $3,469 3.32%
    $100,000 or less 2 $130,000 $65,000 $4,231 4.18%

    2020 saw University Credit Union place emphasis on $200k-400k loans with 105 originations, totaling $32,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 89 $51,195,000 $575,225 $5,706 3.23%
    $100k-150k 74 $33,050,000 $446,622 $4,743 3.33%
    $250k+ 48 $35,010,000 $729,375 $6,201 3.17%
    $75k-100k 43 $14,935,000 $347,326 $4,622 3.19%
    $50k-75k 38 $11,310,000 $297,632 $4,526 3.36%
    $50k or less 3 $575,000 $191,667 $2,483 3.37%

    University Credit Union lent most frequently to those with incomes in the $150k-250k range, with 89 originations. The second most popular income band? $100k-150k, with 74 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 61 $29,805,000 $488,607 $5,103 3.22%
    30-36% 56 $24,620,000 $439,643 $4,869 3.30%
    <20% 27 $11,715,000 $433,889 $4,775 3.03%
    44% 21 $11,235,000 $535,000 $5,345 3.21%
    42% 19 $8,455,000 $445,000 $4,673 3.26%
    39% 14 $6,650,000 $475,000 $5,356 3.19%
    41% 11 $4,755,000 $432,273 $4,402 3.24%
    38% 11 $5,785,000 $525,909 $5,300 3.22%
    36% 10 $4,640,000 $464,000 $5,907 3.16%
    47% 9 $4,805,000 $533,889 $3,958 3.42%
    49% 9 $3,835,000 $426,111 $5,820 3.28%
    40% 9 $6,815,000 $757,222 $9,061 3.28%
    45% 8 $5,220,000 $652,500 $6,994 3.13%
    37% 8 $3,200,000 $400,000 $4,536 3.51%
    46% 7 $3,955,000 $565,000 $5,167 3.50%
    43% 7 $5,775,000 $825,000 $7,482 3.30%
    48% 5 $2,545,000 $509,000 $3,951 3.82%
    50-60% 2 $2,230,000 $1,115,000 $4,690 3.38%
    >60% 1 $35,000 $35,000 $526 4.99%

    University Credit Union lent most frequently to those with DTI ratios of 20-30%, with 61 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $70,610,000 $477,095 $4,846 3.23%
    Not provided 106 $56,820,000 $536,038 $5,567 3.29%
    Asian 23 $11,685,000 $508,043 $5,650 3.21%
    Black 18 $6,960,000 $386,667 $5,408 3.36%

    Approval Rates

    Total approvals of all applications
    92.84%

    University Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    33.56%

    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 295 $146,075,000 $495,169

    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 294 $145,900,000 $496,259

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $16,800,000 $350,000 $4,695 3.15%
    40-60% 80 $39,340,000 $491,750 $4,582 3.23%
    60-80% 86 $45,110,000 $524,535 $4,940 3.27%
    80-100% 67 $41,765,000 $623,358 $6,993 3.33%
    Under 20% 14 $3,060,000 $218,571 $3,527 3.38%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Universal Capital Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Universal Capital Services, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%