Ulster Federal Credit Union Mortgage Rates, Fees & Info

Kingston, NY

LEI: 549300NA0J3W01WT5113

Tax ID: 23-7447488

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Ulster Federal Credit Union is a smaller credit union specializing in Home Improvement and Refi loans. Ulster Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Kingston.

    Ulster Federal 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.

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    Originations

    17

    Origination Dollar Volume (All Markets)

    $1,305,000

    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
    KINGSTON, NY (FHA|USDA|VA) 17 $1,305,000 $76,765 $1,003 4.82%
    Ulster Federal Credit Union's top markets include and Kingston among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12 $960,000 $80,000 $1,003 4.85%
    HELOC 5 $345,000 $69,000 n/a 4.75%

    For 2018, Ulster Federal Credit Union's most frequently originated type of loan was Conventional, with 12 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 11 $705,000 $64,091 $737 4.84%
    Refi 5 $495,000 $99,000 $1,165 4.85%
    Other 1 $105,000 $105,000 $1,786 4.50%

    For 2018, Ulster Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 13 $1,125,000 $86,538 $1,047 4.83%
    20 Year 2 $50,000 $25,000 $1,178 5.25%
    10 Year 1 $105,000 $105,000 $1,189 4.50%
    5 Year 1 $25,000 $25,000 $110 4.14%

    For 2018, Ulster Federal Credit Union's most frequently cited loan duration was 15 Year, with 13 originations. The 2nd most popular length was 20 Year, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 15 $1,255,000 $83,667
    5-6% 2 $50,000 $25,000

    During 2018, Ulster Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $625,000 $48,077 $728 4.88%
    $100k-200k 3 $355,000 $118,333 $1,487 4.50%
    $200k-400k 1 $325,000 $325,000 $2,503 4.99%

    2018 saw Ulster Federal Credit Union place emphasis on $100,000 or less loans with 13 originations, totaling $625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5 $245,000 $49,000 $1,489 4.88%
    $75k-100k 5 $355,000 $71,000 $647 4.70%
    $150k-250k 4 $530,000 $132,500 $1,452 4.94%
    $50k-75k 2 $140,000 $70,000 $968 4.69%
    $50k or less 1 $35,000 $35,000 $175 4.99%

    Ulster Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 6 $480,000 $80,000 $955 4.79%
    20-30% 3 $135,000 $45,000 $1,518 5.04%
    <20% 3 $415,000 $138,333 $1,307 4.71%
    41% 2 $170,000 $85,000 $1,286 4.56%
    37% 1 $35,000 $35,000 $0 5.00%
    39% 1 $35,000 $35,000 $150 4.88%
    44% 1 $35,000 $35,000 $175 4.99%

    Ulster Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? 20-30%, with 3 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $1,270,000 $79,375 $1,003 4.81%
    Black 1 $35,000 $35,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    75.00%

    Ulster Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    58.82%

    Ulster Federal 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 17 $1,305,000 $76,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 17 $1,305,000 $76,765

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $255,000 $85,000 $1,164 4.79%
    40-60% 3 $345,000 $115,000 $1,536 4.63%
    80-100% 1 $325,000 $325,000 $2,503 4.99%
    Under 20% 10 $380,000 $38,000 $494 4.87%