Universal 1 Credit Union Mortgage Rates, Fees & Info
Dayton, OHLEI: 549300SU3TF26I8KB315
Tax ID: 31-0387145
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Mortgage Data
Review & Overview
Universal 1 Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Universal 1 Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Sidney, Cincinnati, Columbus, and Chillicothe among others. We have data for 22 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.39% | 11/21/24 |
| 30 Year Conventional Purchase | 6.86% | 11/21/24 |
| 30 Year Conventional Refi | 6.79% | 11/21/24 |
| 30 Year Cash-out Refi | 7.00% | 11/21/24 |
| 30 Year FHA Purchase | 6.27% | 11/21/24 |
| 30 Year VA Purchase | 6.51% | 11/21/24 |
| 15 Year Conventional Purchase | 6.24% | 11/21/24 |
| 15 Year Conventional Refi | 6.98% | 11/21/24 |
| 15 Year Cash-out Refi | 6.98% | 11/21/24 |
| 15 Year FHA Purchase | 5.68% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
262Origination Dollar Volume (All Markets)
$24,190,000Top 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 |
|---|---|---|---|---|---|
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 143 | $12,335,000 | $86,259 | $2,548 | 3.57% |
| Sidney, OH (FHA|USDA|VA) | 40 | $3,670,000 | $91,750 | $2,326 | 3.57% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 15 | $2,095,000 | $139,667 | $2,991 | 3.73% |
| COLUMBUS, OH (FHA|USDA|VA) | 16 | $1,920,000 | $120,000 | $2,706 | 3.24% |
| Chillicothe, OH (FHA|USDA|VA) | 10 | $450,000 | $45,000 | $1,692 | 4.45% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,356 | 2.69% |
| Outside of Metro Areas | 6 | $410,000 | $68,333 | $908 | 4.17% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 9 | $375,000 | $41,667 | $2,237 | 4.22% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,254 | 3.08% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,208 | 3.63% |
| Urbana, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $2,416 | 3.44% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,276 | 2.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.25% |
| Dayton, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,156 | 2.75% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,887 | 3.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 3.92% |
| Greenville, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,398 | 5.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,102 | 3.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,728 | 3.13% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 148 | $17,860,000 | $120,676 | $2,379 | 3.32% |
| HELOC | 110 | $5,790,000 | $52,636 | n/a | 4.05% |
| VA | 4 | $540,000 | $135,000 | $5,847 | 3.06% |
For 2021, Universal 1 Credit Union's most frequently originated type of loan was Conventional, with 148 originations. Their 2nd most popular type was HELOC, with 110 originations.
Loan Reason
For 2021, Universal 1 Credit Union's most frequently cited loan purpose was Home Improvement, with 72 originations. The 2nd most popular reason was Home Purchase, with 51 originations.
Loan Duration/Length
For 2021, Universal 1 Credit Union's most frequently cited loan duration was 15 Year, with 158 originations. The 2nd most popular length was 30 Year, with 63 originations.
Origination Fees/Closing Costs
Universal 1 Credit Union's average total fees were $3,154, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.
Interest Rates
During 2021, Universal 1 Credit Union's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 112 originations.
Loan Sizing
2021 saw Universal 1 Credit Union place emphasis on $100,000 or less loans with 170 originations, totaling $8,460,000 in origination value.
Applicant Income
Universal 1 Credit Union lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 55 originations.
Applicant Debt to Income Ratio
Universal 1 Credit Union lent most frequently to those with DTI ratios of 20-30%, with 88 originations. The next most common DTI ratio? 30-36%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.82%
Universal 1 Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination66.03%
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 | 262 | $24,190,000 | $92,328 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| UNIVERSAL LENDING CORP. | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |