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 Improvement, Other, 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 Springfield among others. We have data for 20 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% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
238Origination Dollar Volume (All Markets)
$19,140,000Top 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) | 122 | $9,680,000 | $79,344 | $1,854 | 5.42% |
| Sidney, OH (FHA|USDA|VA) | 46 | $3,300,000 | $71,739 | $1,909 | 5.74% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 18 | $1,290,000 | $71,667 | $20 | 4.92% |
| COLUMBUS, OH (FHA|USDA|VA) | 11 | $1,285,000 | $116,818 | $2,279 | 5.20% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 9 | $785,000 | $87,222 | $1,719 | 5.56% |
| Chillicothe, OH (FHA|USDA|VA) | 11 | $505,000 | $45,909 | $2,066 | 4.84% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $4,574 | 5.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $8,804 | 4.94% |
| Celina, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,700 | 4.71% |
| Outside of Metro Areas | 3 | $205,000 | $68,333 | $958 | 7.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,926 | 5.88% |
| Urbana, OH (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 6.17% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $163 | 5.78% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.75% |
| Salem, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,840 | 3.13% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.75% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,336 | 3.63% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,760 | 5.50% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.75% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $738 | 6.30% |
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 |
|---|---|---|---|---|---|
| HELOC | 122 | $7,580,000 | $62,131 | n/a | 5.52% |
| Conventional | 114 | $11,260,000 | $98,772 | $1,779 | 5.34% |
| VA | 2 | $300,000 | $150,000 | $4,908 | 3.94% |
For 2022, Universal 1 Credit Union's most frequently originated type of loan was HELOC, with 122 originations. Their 2nd most popular type was Conventional, with 114 originations.
Loan Reason
For 2022, Universal 1 Credit Union's most frequently cited loan purpose was Home Improvement, with 83 originations. The 2nd most popular reason was Other, with 71 originations.
Loan Duration/Length
For 2022, Universal 1 Credit Union's most frequently cited loan duration was 15 Year, with 170 originations. The 2nd most popular length was 30 Year, with 40 originations.
Origination Fees/Closing Costs
Universal 1 Credit Union's average total fees were $3,702, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 97 originations.
Interest Rates
During 2022, Universal 1 Credit Union's average interest rate for loans was 5.11%, while their most frequently originated rate bucket for loans was 4-5%, with 56 originations.
Loan Sizing
2022 saw Universal 1 Credit Union place emphasis on $100,000 or less loans with 179 originations, totaling $8,795,000 in origination value.
Applicant Income
Universal 1 Credit Union lent most frequently to those with incomes in the $50k-75k range, with 61 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 62 originations. The next most common DTI ratio? 30-36%, with 48 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.38%
Universal 1 Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.15%
Universal 1 Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 238 | $19,140,000 | $80,420 |