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 Cash Out Refi and Home Purchase loans. Ulster Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Kingston.

    Ulster Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ulster Federal Credit Union is typically a low 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.

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    Originations

    7

    Origination Dollar Volume (All Markets)

    $885,000

    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) 7 $885,000 $126,429 $2,275 4.20%
    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 7 $885,000 $126,429 $2,275 4.20%

    For 2019, Ulster Federal Credit Union's most frequently originated type of loan was Conventional, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 4 $640,000 $160,000 $3,212 4.00%
    Home Purchase 1 $185,000 $185,000 $2,917 3.75%
    Other 1 $25,000 $25,000 $0 4.75%
    Refi 1 $35,000 $35,000 $162 4.88%

    For 2019, Ulster Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 4 originations. The 2nd most popular reason was Home Purchase, with 1 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 2 $380,000 $190,000 $2,917 4.19%
    30 Year 2 $260,000 $130,000 $3,508 3.81%
    Other 2 $210,000 $105,000 $1,459 4.25%
    10 Year 1 $35,000 $35,000 $162 4.88%

    For 2019, Ulster Federal Credit Union's most frequently cited loan duration was 20 Year, with 2 originations. The 2nd most popular length was 30 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5 $825,000 $165,000

    Ulster Federal Credit Union's average total fees were $3,508, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4 $720,000 $180,000
    4-5% 3 $165,000 $55,000

    During 2019, Ulster Federal Credit Union's average interest rate for loans was 3.81%, while their most frequently originated rate bucket for loans was 3-4%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 4 $550,000 $137,500 $3,182 4.06%
    $100,000 or less 2 $60,000 $30,000 $81 4.81%
    $200k-400k 1 $275,000 $275,000 $3,037 3.50%

    2019 saw Ulster Federal Credit Union place emphasis on $100k-200k loans with 4 originations, totaling $550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2 $430,000 $215,000 $3,006 3.63%
    $50k or less 2 $210,000 $105,000 $3,418 4.38%
    $75k-100k 2 $60,000 $30,000 $81 4.81%
    $50k-75k 1 $185,000 $185,000 $2,917 3.75%

    Ulster Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    >60% 2 $210,000 $105,000 $3,418 4.38%
    20-30% 1 $35,000 $35,000 $162 4.88%
    30-36% 1 $155,000 $155,000 $2,976 3.75%
    42% 1 $25,000 $25,000 $0 4.75%
    45% 1 $185,000 $185,000 $2,917 3.75%
    50-60% 1 $275,000 $275,000 $3,037 3.50%

    Ulster Federal Credit Union lent most frequently to those with DTI ratios of >60%, with 2 originations. The next most common DTI ratio? 20-30%, with 1 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7 $885,000 $126,429 $2,275 4.20%

    Approval Rates

    Total approvals of all applications
    64.71%

    Ulster Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    42.86%

    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 7 $885,000 $126,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 7 $885,000 $126,429

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 2 $260,000 $130,000 $2,886 4.31%
    60-80% 2 $380,000 $190,000 $3,538 3.69%
    80-100% 1 $185,000 $185,000 $2,917 3.75%
    Under 20% 2 $60,000 $30,000 $81 4.81%