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

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  • 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 Refi 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 25 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% 11/17/24
    30 Year Conventional Purchase 6.86% 11/17/24
    30 Year Conventional Refi 6.79% 11/17/24
    30 Year Cash-out Refi 7.00% 11/17/24
    30 Year FHA Purchase 6.27% 11/17/24
    30 Year VA Purchase 6.51% 11/17/24
    15 Year Conventional Purchase 6.24% 11/17/24
    15 Year Conventional Refi 6.98% 11/17/24
    15 Year Cash-out Refi 6.98% 11/17/24
    15 Year FHA Purchase 5.68% 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.

    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

    233

    Origination Dollar Volume (All Markets)

    $21,655,000

    Awards

    UNIVERSAL 1 CREDIT UNION 30 Year Conventional Loans bronze
    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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 113 $9,345,000 $82,699 $1,837 4.02%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 37 $4,815,000 $130,135 $2,631 4.02%
    Sidney, OH (FHA|USDA|VA) 28 $2,020,000 $72,143 $2,143 4.08%
    COLUMBUS, OH (FHA|USDA|VA) 11 $875,000 $79,545 $2,259 3.76%
    SPRINGFIELD, OH (FHA|USDA|VA) 7 $735,000 $105,000 $2,784 3.96%
    Chillicothe, OH (FHA|USDA|VA) 9 $625,000 $69,444 $1,392 4.15%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $595,000 $198,333 $1,536 3.29%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $455,000 $455,000 $3,932 3.13%
    Greenville, OH (FHA|USDA|VA) 3 $375,000 $125,000 $2,690 3.75%
    Outside of Metro Areas 4 $300,000 $75,000 $1,276 4.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,831 3.63%
    LIMA, OH (FHA|USDA|VA) 2 $210,000 $105,000 $2,455 5.56%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,437 3.38%
    Urbana, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
    COLUMBIA, SC (FHA|USDA|VA) 1 $95,000 $95,000 $2,459 3.50%
    Jackson, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,369 4.00%
    Celina, OH (FHA|USDA|VA) 1 $95,000 $95,000 $2,502 3.88%
    Wapakoneta, OH (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.50%
    NEW BERN, NC (FHA|USDA|VA) 1 $75,000 $75,000 $2,213 3.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $75,000 $75,000 $2,123 2.50%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    Bellefontaine, OH (FHA|USDA|VA) 1 $65,000 $65,000 $1,819 3.63%
    Wilmington, OH (FHA|USDA|VA) 2 $60,000 $30,000 $0 6.25%
    Washington Court House, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.75%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.75%
    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)
  • Massachusetts (FHA|USDA|VA)
  • Florida (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.

    Day Air Credit Union, Inc
    Similarity Rank: 264
    The North Side Bank & Trust Company
    Similarity Rank: 350
    Greenville Federal
    Similarity Rank: 405
    CINFED Federal Credit Union
    Similarity Rank: 651
    First State Bank
    Similarity Rank: 770
    Sharefax Credit Union
    Similarity Rank: 936
    Somerville Bank
    Similarity Rank: 1152
    Central Bank
    Similarity Rank: 1218
    COMMONWEALTH
    Similarity Rank: 1425
    TELHIO
    Similarity Rank: 1750

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $14,375,000 $118,802 $1,989 3.86%
    HELOC 108 $6,670,000 $61,759 n/a 4.27%
    VA 2 $360,000 $180,000 $417 4.00%
    USDA 2 $250,000 $125,000 $4,677 3.63%

    For 2020, Universal 1 Credit Union's most frequently originated type of loan was Conventional, with 121 originations. Their 2nd most popular type was HELOC, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 60 $2,990,000 $49,833 $0 4.31%
    Other 58 $3,820,000 $65,862 $928 4.69%
    Refi 52 $6,090,000 $117,115 $2,287 3.80%
    Home Purchase 42 $5,740,000 $136,667 $2,770 3.41%
    Cash Out Refi 21 $3,015,000 $143,571 $2,849 3.42%

    For 2020, Universal 1 Credit Union's most frequently cited loan purpose was Home Improvement, with 60 originations. The 2nd most popular reason was Other, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 135 $9,545,000 $70,704 $1,550 4.20%
    30 Year 66 $10,450,000 $158,333 $2,877 3.46%
    10 Year 22 $1,000,000 $45,455 $540 4.59%
    5 Year 7 $215,000 $30,714 $0 5.32%
    20 Year 3 $445,000 $148,333 $2,421 3.29%

    For 2020, Universal 1 Credit Union's most frequently cited loan duration was 15 Year, with 135 originations. The 2nd most popular length was 30 Year, with 66 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 117 $13,535,000 $115,684
    $2k-3k 3 $635,000 $211,667
    $1k-2k 2 $220,000 $110,000
    $3k-4k 1 $145,000 $145,000
    $4k-5k 1 $95,000 $95,000
    $5k+ 1 $355,000 $355,000

    Universal 1 Credit Union's average total fees were $2,877, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 117 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 99 $11,145,000 $112,576
    4-5% 64 $4,490,000 $70,156
    5-6% 28 $1,430,000 $51,071
    2.5-3% 22 $3,150,000 $143,182
    6-7% 11 $395,000 $35,909
    <2.5% 8 $970,000 $121,250
    7-8% 1 $75,000 $75,000

    During 2020, Universal 1 Credit Union's average interest rate for loans was 3.46%, while their most frequently originated rate bucket for loans was 3-4%, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $9,025,000 $55,368 $1,278 4.30%
    $100k-200k 49 $6,875,000 $140,306 $2,777 3.51%
    $200k-400k 19 $4,875,000 $256,579 $3,116 3.42%
    $400k-600k 2 $880,000 $440,000 $3,330 3.06%

    2020 saw Universal 1 Credit Union place emphasis on $100,000 or less loans with 163 originations, totaling $9,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 60 $5,100,000 $85,000 $1,976 4.15%
    $50k or less 56 $4,120,000 $73,571 $1,801 3.92%
    $100k-150k 48 $4,140,000 $86,250 $2,084 4.06%
    $75k-100k 40 $3,420,000 $85,500 $1,644 4.40%
    $150k-250k 21 $3,015,000 $143,571 $2,227 3.64%
    $250k+ 7 $1,795,000 $256,429 $3,514 3.54%

    Universal 1 Credit Union lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $50k or less, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 68 $7,140,000 $105,000 $2,273 3.80%
    30-36% 45 $3,955,000 $87,889 $2,083 4.14%
    <20% 38 $3,090,000 $81,316 $1,493 4.09%
    40% 11 $785,000 $71,364 $1,632 4.16%
    37% 11 $815,000 $74,091 $1,541 4.15%
    36% 11 $725,000 $65,909 $1,012 4.69%
    45% 7 $395,000 $56,429 $1,044 4.98%
    39% 6 $340,000 $56,667 $2,558 4.04%
    50-60% 6 $720,000 $120,000 $861 4.25%
    43% 5 $665,000 $133,000 $3,096 4.48%
    42% 4 $490,000 $122,500 $2,651 3.97%
    38% 4 $410,000 $102,500 $1,792 4.22%
    44% 4 $500,000 $125,000 $2,635 3.84%
    49% 3 $385,000 $128,333 $2,911 3.21%
    >60% 3 $295,000 $98,333 $2,534 2.71%
    46% 2 $320,000 $160,000 $2,859 4.00%
    48% 2 $250,000 $125,000 $2,547 3.75%
    41% 2 $330,000 $165,000 $3,803 3.06%
    47% 1 $45,000 $45,000 $0 6.00%

    Universal 1 Credit Union lent most frequently to those with DTI ratios of 20-30%, with 68 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 213 $19,615,000 $92,089 $1,980 4.13%
    Black 12 $980,000 $81,667 $1,947 3.19%
    Not provided 5 $565,000 $113,000 $2,366 3.08%
    Other Pacific Islander 2 $380,000 $190,000 $2,846 2.94%
    Asian 1 $115,000 $115,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    80.40%

    Universal 1 Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.66%

    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
    NA 233 $21,655,000 $92,940

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 233 $21,655,000 $92,940

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 59 $3,585,000 $60,763 $893 4.52%
    40-60% 36 $3,030,000 $84,167 $1,726 3.78%
    60-80% 58 $8,520,000 $146,897 $2,602 3.63%
    80-100% 40 $5,050,000 $126,250 $2,721 3.52%
    Under 20% 40 $1,470,000 $36,750 $0 4.74%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Universal Capital Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Universal Capital Services, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%