Universal 1 Credit Union Mortgage Rates, Fees & Info

Dayton, OH

LEI: 549300SU3TF26I8KB315

Tax ID: 31-0387145

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
  • Complaints
  • 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

    Universal 1 Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Universal 1 Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dayton, Cincinnati, Sidney, Columbus, and Springfield among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Universal 1 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. Universal 1 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
    Home Equity Line of Credit (HELOC) 7.39% 4/28/24
    30 Year Conventional Purchase 6.86% 4/28/24
    30 Year Conventional Refi 6.79% 4/28/24
    30 Year Cash-out Refi 7.00% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    30 Year VA Purchase 6.51% 4/28/24
    15 Year Conventional Purchase 6.24% 4/28/24
    15 Year Conventional Refi 6.98% 4/28/24
    15 Year Cash-out Refi 6.98% 4/28/24
    15 Year FHA Purchase 5.68% 4/28/24
    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.

    Universal 1 Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Universal 1 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

    309

    Origination Dollar Volume (All Markets)

    $24,625,000

    Awards

    UNIVERSAL 1 CREDIT UNION 30 Year Conventional Loans bronze UNIVERSAL 1 CREDIT UNION 30 Year Conventional Loans bronze UNIVERSAL 1 CREDIT UNION 30 Year Conventional Loans silver UNIVERSAL 1 CREDIT UNION 30 Year Conventional Loans silver
    Show all (4) 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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 169 $12,655,000 $74,882 $1,454 5.57%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 45 $4,885,000 $108,556 $2,212 5.47%
    Sidney, OH (FHA|USDA|VA) 33 $2,385,000 $72,273 $1,797 5.14%
    COLUMBUS, OH (FHA|USDA|VA) 15 $1,345,000 $89,667 $2,211 5.63%
    SPRINGFIELD, OH (FHA|USDA|VA) 8 $510,000 $63,750 $1,606 5.97%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $385,000 $128,333 $2,301 5.58%
    Zanesville, OH (FHA|USDA|VA) 4 $330,000 $82,500 $2,488 5.16%
    Chillicothe, OH (FHA|USDA|VA) 6 $300,000 $50,000 $249 5.75%
    Seneca, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,897 4.00%
    Greenville, OH (FHA|USDA|VA) 3 $205,000 $68,333 $1,310 5.96%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,014 4.00%
    Crossville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $2,554 4.00%
    Bellefontaine, OH (FHA|USDA|VA) 2 $150,000 $75,000 $2,150 4.94%
    Outside of Metro Areas 4 $140,000 $35,000 $85 6.50%
    COLUMBIA, SC (FHA|USDA|VA) 1 $115,000 $115,000 $2,677 4.63%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $105,000 $105,000 $2,991 3.88%
    Washington Court House, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    Cambridge, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,346 3.75%
    Celina, OH (FHA|USDA|VA) 1 $65,000 $65,000 $2,889 3.88%
    Urbana, OH (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.25%
    LIMA, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
    Marietta, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
    Wilmington, OH (FHA|USDA|VA) 2 $40,000 $20,000 $0 6.75%
    Wapakoneta, OH (FHA|USDA|VA) 1 $35,000 $35,000 $243 7.25%
    Jackson, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
    Portsmouth, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.50%
    Universal 1 Credit Union's top markets include Dayton, Cincinnati, Sidney, Columbus, and Springfield among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against UNIVERSAL 1 CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    KH NETWORK CREDIT UNION
    Similarity Rank: 304
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 716
    Somerville Bank
    Similarity Rank: 1001
    The Friendship State Bank
    Similarity Rank: 1040
    TELHIO
    Similarity Rank: 1054
    First State Bank
    Similarity Rank: 1179
    OPTION FINANCIAL, LLC
    Similarity Rank: 1284
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1391

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 157 $9,255,000 $58,949 n/a 6.14%
    Conventional 148 $14,630,000 $98,851 $1,573 4.89%
    VA 3 $625,000 $208,333 $3,388 4.25%
    USDA 1 $115,000 $115,000 $3,786 4.50%

    For 2019, Universal 1 Credit Union's most frequently originated type of loan was HELOC, with 157 originations. Their 2nd most popular type was Conventional, with 148 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 126 $7,480,000 $59,365 $1,034 6.03%
    Home Improvement 72 $3,320,000 $46,111 $258 5.97%
    Home Purchase 66 $8,820,000 $133,636 $2,451 4.53%
    Refi 31 $3,045,000 $98,226 $1,117 5.19%
    Cash Out Refi 14 $1,960,000 $140,000 $2,417 4.01%

    For 2019, Universal 1 Credit Union's most frequently cited loan purpose was Other, with 126 originations. The 2nd most popular reason was Home Improvement, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 197 $12,395,000 $62,919 $1,179 5.98%
    30 Year 65 $10,105,000 $155,462 $2,646 4.20%
    10 Year 24 $1,010,000 $42,083 $399 5.64%
    5 Year 17 $465,000 $27,353 $219 5.66%
    20 Year 6 $650,000 $108,333 $2,497 3.75%

    For 2019, Universal 1 Credit Union's most frequently cited loan duration was 15 Year, with 197 originations. The 2nd most popular length was 30 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 148 $14,750,000 $99,662
    $1k-2k 3 $595,000 $198,333

    Universal 1 Credit Union's average total fees were $2,646, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 148 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 86 $5,170,000 $60,116
    4-5% 72 $7,600,000 $105,556
    6-7% 65 $3,225,000 $49,615
    3-4% 52 $7,230,000 $139,038
    7-8% 27 $1,195,000 $44,259
    Over 8% 7 $205,000 $29,286

    During 2019, Universal 1 Credit Union's average interest rate for loans was 4.20%, while their most frequently originated rate bucket for loans was 5-6%, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 232 $10,860,000 $46,810 $975 5.83%
    $100k-200k 58 $8,480,000 $146,207 $2,639 4.61%
    $200k-400k 17 $4,475,000 $263,235 $3,019 4.54%
    $400k-600k 2 $810,000 $405,000 $2,913 3.63%

    2019 saw Universal 1 Credit Union place emphasis on $100,000 or less loans with 232 originations, totaling $10,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 76 $4,990,000 $65,658 $1,556 5.19%
    $50k-75k 75 $5,415,000 $72,200 $1,702 5.49%
    $75k-100k 60 $4,870,000 $81,167 $1,713 5.66%
    $100k-150k 59 $4,725,000 $80,085 $1,210 5.71%
    $150k-250k 32 $3,630,000 $113,438 $2,112 5.71%
    $250k+ 6 $930,000 $155,000 $2,760 5.67%

    Universal 1 Credit Union lent most frequently to those with incomes in the $50k or less range, with 76 originations. The second most popular income band? $50k-75k, with 75 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 89 $6,605,000 $74,213 $1,728 5.56%
    30-36% 59 $4,195,000 $71,102 $1,554 5.69%
    <20% 44 $3,520,000 $80,000 $1,343 5.47%
    36% 13 $1,175,000 $90,385 $1,465 5.65%
    39% 12 $1,020,000 $85,000 $1,679 5.57%
    38% 11 $875,000 $79,545 $1,977 5.23%
    37% 11 $725,000 $65,909 $1,995 5.93%
    50-60% 10 $1,070,000 $107,000 $1,438 5.30%
    43% 7 $605,000 $86,429 $1,580 5.21%
    44% 7 $705,000 $100,714 $2,412 5.16%
    46% 6 $300,000 $50,000 $915 5.73%
    40% 6 $420,000 $70,000 $1,426 5.38%
    41% 6 $410,000 $68,333 $1,003 5.21%
    47% 6 $410,000 $68,333 $1,840 4.83%
    >60% 5 $1,135,000 $227,000 $2,728 4.65%
    42% 5 $335,000 $67,000 $1,007 6.00%
    49% 4 $310,000 $77,500 $1,946 5.31%
    48% 4 $280,000 $70,000 $863 5.34%
    45% 4 $530,000 $132,500 $2,592 5.78%

    Universal 1 Credit Union lent most frequently to those with DTI ratios of 20-30%, with 89 originations. The next most common DTI ratio? 30-36%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 268 $21,520,000 $80,299 $1,607 5.55%
    Black 24 $1,440,000 $60,000 $1,445 5.08%
    Not provided 14 $1,190,000 $85,000 $1,890 5.80%
    Asian 2 $440,000 $220,000 $3,086 5.00%
    American Indian 1 $35,000 $35,000 $2,346 4.38%

    Approval Rates

    Total approvals of all applications
    85.22%

    Universal 1 Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.31%

    Universal 1 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
    0.0 1 $25,000 $25,000
    NA 308 $24,600,000 $79,870

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $205,000 $68,333
    Single Family (1-4 Units):Site-Built 306 $24,420,000 $79,804

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 90 $4,500,000 $50,000 $445 6.10%
    40-60% 41 $3,385,000 $82,561 $1,253 5.45%
    60-80% 59 $7,255,000 $122,966 $2,268 4.56%
    80-100% 51 $7,435,000 $145,784 $2,620 4.64%
    Over 100% 1 $155,000 $155,000 $3,171 4.25%
    Under 20% 67 $1,895,000 $28,284 $104 6.32%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Unifirst Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%