The United Federal Credit Union Mortgage Rates, Fees & Info

Morgantown, WV

LEI: 549300QBU5SUXWZAXV90

Tax ID: 52-0985554

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
  • 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

    The United Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. The United Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Morgantown, Elkins, Pittsburgh, Fairmont, and Clarksburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The United Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The United 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.

    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
    30 Year Conventional Purchase 6.18% 11/22/24
    30 Year Conventional Refi 5.59% 11/22/24
    30 Year Cash-out Refi 5.74% 11/22/24
    15 Year Conventional Purchase 5.71% 11/22/24
    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.

    The United Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The United Federal 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

    48

    Origination Dollar Volume (All Markets)

    $7,920,000

    Awards

    The United Federal Credit Union 30 Year Conventional Loans gold
    Show all (1) 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
    MORGANTOWN, WV (FHA|USDA|VA) 18 $2,940,000 $163,333 $1,858 4.43%
    Elkins, WV (FHA|USDA|VA) 13 $2,915,000 $224,231 $1,462 4.06%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $860,000 $107,500 $1,429 5.28%
    Fairmont, WV (FHA|USDA|VA) 4 $620,000 $155,000 $1,625 4.94%
    Outside of Metro Areas 4 $380,000 $95,000 $1,250 5.69%
    Clarksburg, WV (FHA|USDA|VA) 1 $205,000 $205,000 $1,750 3.50%
    The United Federal Credit Union's top markets include Morgantown, Elkins, Pittsburgh, Fairmont, and Clarksburg among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The United Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    FAIRMONT
    Similarity Rank: 9
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 35
    City National Bank of West Virginia
    Similarity Rank: 148
    Clear Mountain Bank
    Similarity Rank: 180
    NVR Mortgage Finance, Inc.
    Similarity Rank: 1612
    United Bank
    Similarity Rank: 1717
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 2652
    WesBanco
    Similarity Rank: 2952
    INTERCOASTAL MORTGAGE COMPANY
    Similarity Rank: 3059
    First Federal Bank of the Midwest
    Similarity Rank: 3192

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 48 $7,920,000 $165,000 $1,613 4.60%

    For 2022, The United Federal Credit Union's most frequently originated type of loan was Conventional, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 28 $4,120,000 $147,143 $1,402 4.30%
    Home Purchase 17 $3,365,000 $197,941 $2,023 4.99%
    Refi 3 $435,000 $145,000 $1,500 5.17%

    For 2022, The United Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 16 $2,000,000 $125,000 $1,383 4.13%
    20 Year 14 $2,540,000 $181,429 $1,500 4.50%
    30 Year 12 $2,930,000 $244,167 $2,095 4.98%
    10 Year 4 $360,000 $90,000 $1,933 5.50%
    Other 2 $90,000 $45,000 $1,000 4.88%

    For 2022, The United Federal Credit Union's most frequently cited loan duration was 15 Year, with 16 originations. The 2nd most popular length was 20 Year, with 14 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 14 $1,590,000 $113,571
    3-4% 13 $2,955,000 $227,308
    4-5% 9 $1,375,000 $152,778
    2.5-3% 7 $1,115,000 $159,286
    6-7% 5 $885,000 $177,000

    During 2022, The United Federal Credit Union's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 5-6%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $2,930,000 $146,500 $1,450 4.16%
    $100,000 or less 15 $825,000 $55,000 $1,135 5.14%
    $200k-400k 11 $3,215,000 $292,273 $2,434 4.68%
    $400k-600k 2 $950,000 $475,000 $2,250 4.38%

    2022 saw The United Federal Credit Union place emphasis on $100k-200k loans with 20 originations, totaling $2,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 11 $1,325,000 $120,455 $1,444 5.34%
    $100k-150k 10 $2,060,000 $206,000 $1,930 4.23%
    $250k+ 9 $1,745,000 $193,889 $1,389 3.92%
    $150k-250k 8 $1,550,000 $193,750 $1,935 4.84%
    $50k-75k 7 $1,005,000 $143,571 $1,536 4.49%
    $50k or less 3 $235,000 $78,333 $1,167 4.75%

    The United Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 20 $2,780,000 $139,000 $1,502 4.27%
    20-30% 16 $2,570,000 $160,625 $1,753 4.55%
    30-36% 2 $910,000 $455,000 $2,250 5.38%
    36% 2 $290,000 $145,000 $1,250 6.00%
    37% 2 $410,000 $205,000 $1,000 4.63%
    38% 1 $85,000 $85,000 $1,250 5.00%
    39% 1 $145,000 $145,000 $1,250 3.75%
    40% 1 $325,000 $325,000 $2,250 5.25%
    45% 1 $55,000 $55,000 $1,000 4.50%
    48% 1 $285,000 $285,000 $2,500 6.50%
    49% 1 $65,000 $65,000 $1,250 5.50%

    The United Federal Credit Union lent most frequently to those with DTI ratios of <20%, with 20 originations. The next most common DTI ratio? 20-30%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $7,920,000 $165,000 $1,613 4.60%

    Approval Rates

    Total approvals of all applications
    96.15%

    The United Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.83%

    The United Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 48 $7,920,000 $165,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    48 $7,920,000 $165,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $300,000 $50,000 $1,150 4.82%
    40-60% 4 $550,000 $137,500 $1,625 4.31%
    60-80% 20 $3,290,000 $164,500 $1,502 4.44%
    80-100% 16 $3,690,000 $230,625 $1,953 4.72%
    Under 20% 2 $90,000 $45,000 $1,000 5.13%