United Local Credit Union Mortgage Rates, Fees & Info
Fresno, CALEI: 549300SNKDC040FOBU51
Tax ID: 94-1518911
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Mortgage Data
Review & Overview
United Local Credit Union is a smaller credit union specializing in Home Purchase loans. United Local Credit Union has a high proportion of conventional loans. Their top (well, only) market is Visalia.United Local Credit Union has a below average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.42% | 11/17/24 |
| 30 Year Conventional Refi | 6.49% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 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. | ||
United Local Credit Union Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1Origination Dollar Volume (All Markets)
$195,000Top 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 |
|---|---|---|---|---|---|
| VISALIA, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
For 2018, United Local Credit Union's most frequently originated type of loan was Conventional, with 1 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
For 2018, United Local Credit Union's most frequently cited loan purpose was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 15 Year | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
For 2018, United Local Credit Union's most frequently cited loan duration was 15 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1 | $195,000 | $195,000 |
United Local Credit Union's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1 | $195,000 | $195,000 |
During 2018, United Local Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
2018 saw United Local Credit Union place emphasis on $100k-200k loans with 1 originations, totaling $195,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
United Local Credit Union lent most frequently to those with incomes in the $75k-100k range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
United Local Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
Approval Rates
Total approvals of all applications40.00%
United Local Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1 | $195,000 | $195,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 1 | $195,000 | $195,000 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 60-80% | 1 | $195,000 | $195,000 | $3,762 | 3.63% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNITED GUARANTY CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| UNITED GUARANTY CORPORATION | Other type of mortgage | Struggling to pay mortgage | 1 | 33.3% |
| UNITED GUARANTY CORPORATION | FHA mortgage | Trouble during payment process | 1 | 33.3% |